Items Tagged with 'home prices'

ARTICLES

  • NAR: Rising home prices push prospective buyers out of market

    Low inventory persists in suppressing housing market
    Home prices increased in the third quarter due to the continued low levels of housing inventory, keeping many potential homebuyers out of the housing market. While national family median income increased to $76,608 in the third quarter, due to rising home prices and mortgage rates, affordability is down.
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  • FHFA: Home prices increase 0.3% in August

    But the Middle Atlantic division declined 0.7%
    Home prices rose in August, inching forward 0.3% from July according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division continues to see the strongest appreciation growth.
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  • Redfin: Number of homes selling above list price drops

    Only 23% of homes sold for more than asking
    In the four weeks ending on September 23, homes that sold above asking price dipped below 2016 levels, according to the latest data from Redfin. Redfin Senior Economist Taylor Marr the fact that fewer homes are selling above their asking price is another indication that competition is getting less intense than it has been in recent years.
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  • FHFA: Home prices increase 0.2% in July

    East South Central division sees weakest annual house appreciation of all divisions
    Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
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  • When a Starbucks opens in town, home prices tend to rise

    Harvard study finds new measure of gentrification
    When a new Starbucks comes to town, you can expect to find a 0.5% increase in house prices in that ZIP code within a year, according to a recent study by the Harvard Business School. Apparently, Realtors and investors looking for clues about future property values can learn a latte from the presence of a new green sign in the neighborhood.
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  • Realtor.com: Home prices are rising 3 times faster than rents

    This could mean further reinforcement for multifamily demand for the foreseeable future
    According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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  • First American: Home prices could be at tipping point

    New data indicates it might finally be time for the prices to start walking down
    Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
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