Items Tagged with 'home prices'

ARTICLES

  • NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

    New home sales should reach a 12-year high as builders scramble to meet demand
    New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on Thursday.
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  • Hoosier city beats out Miami and Vegas for hottest U.S. housing market, Zillow says

    Midwest leads home-value gains, while the nation’s priciest cities lagged
    When you think of hot housing markets, cities like Miami, Las Vegas, or Los Angeles might come to mind. Or, other high-priced markets like New York or Boston. The Midwestern city that beat the rest of the U.S. for home price appreciation with a whopping 12% gain from a year earlier might surprise you.
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  • NAR: Home prices are rising but at a much slower pace

    Home prices rise 3.9% in the first quarter of 2019
    The national median existing single-family home price increased 3.9% annually to $254,800 in the first quarter of 2019. Despite this increase, Q1’s total now sits just below the annual increase of 4% in the fourth quarter of 2018. NAR Chief Economist Lawrence Yun said in order to combat slower price gains, the construction industry needs to develop more affordable housing units.
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  • Tax changes have impacted only the wealthiest U.S. housing markets

    Prices may fall in the highest segment of luxury market, First American report says
    More than a year after the 2017 Tax Cuts and Jobs Act reduced tax breaks for homeowners, only the wealthiest Americans are suffering, according to a new report. “What we know 16 months into the change is that the highest price points of some of the highest-priced housing markets may suffer as real estate is re-priced to reflect the change in the cost of owning,” said Odeta Kushi, Deputy Chief Economist at First American.
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  • Housing market continues cooldown

    Home-price growth slows in March
    After accelerating at a steady clip for several years, home-price growth has slowed this spring as the housing market continues to cool down. Home prices increased just 3.7% year over year in March, according to the latest data from CoreLogic, increasing by just 1% from the month before. And, data suggests things won't look any rosier next month.
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  • Blue skies ahead, or is the housing market falling off a cliff?

    At the most critical time of year for home sales, data whiplash explained
    People who track the housing market got a dose of data whiplash this week. At 9 a.m. on Tuesday the S&P CoreLogic Case-Shiller index showed the housing market cooling for the 11th straight month. An hour later, NAR released its pending home sales report showing a spike in signed contracts. So, which is it? At the most critical time of year for the housing market – the onset of the spring buying season – is demand falling off a cliff or picking up speed?
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  • Case-Shiller: Home price gains continue to slow, shifting regional housing trends

    Once again, Las Vegas leads the nation in annual gains
    In February, annual home price gains increased 4% nationwide, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. However, S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said the pace of home price increases continues to slow.
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  • Low mortgage rates won't heat up the housing market, analysts say

    Instead, the slowing economy will trample homebuyer confidence and home-price growth will fall
    Mortgage rates have dropped significantly as of late, but analysts at Capital Economics warn against getting too excited about the possibility that low rates will heat up the housing market. Why? Blame the slowing economy, which will take a bite out of homebuyer confidence. Read on to learn more about why analysts predict existing-home sales will simply "tread water" over the next year despite favorable rates.
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  • Home-price growth expected to pick up in year ahead

    Strong spring home buying season may spur growth
    Home prices have been appreciating rapidly since the housing market's recovery, but they've stepped off the fast track in recent months, displaying a notable slowdown in appreciation. But CoreLogic predicts a turnaround thanks to low mortgage rates, which should spur strong home-buying activity this spring and nudge home prices upward.
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