The ACT government extended its stamp duty regime by waiving stamp duty on off-plan property purchases up to $600,000. Key points: Median ACT home prices rose 22.5% in the 12 months to September 2021 Stamp duty reprieve hoped to help first-time home buyers, downsizers The government has acknowledged that there remains a lack of housing […]
Tag: housing market
This week: Fed statement, FedEx wins, US home sales
A look at some of the major trade events and economic indicators to come this week: AN EYE ON THE FEDERATION The Federal Reserve wraps up a two-day meeting of policymakers with an economic policy and interest rate update on Wednesday. Most analysts expect Fed officials to announce the first of several expected increases in […]
Oligarchs prefer luxury apartments in New York, but this is where most Russian-born buyers would prefer to reside
The scrutiny of US real estate purchases by wealthy Russians is intensifying amid the war in Ukraine. But these deals represent a drop in the bucket in the grand scheme of the nation’s housing market. A new analysis from the National Association of Realtors has examined the home buying behavior of Russian-born buyers in a […]
Buyer-seller stalemate leads to ‘lowest home sales since GFC fallout’ – CoreLogic
A buyer-seller stalemate led to monthly house sales in January falling to the lowest since the fallout from the global financial crisis, said Nick Goodall, head of research at CoreLogic. There were 4,113 residential property sales in the first month of the year, the lowest number in over a decade, except for April 2020 when […]
More mixed results for Forsyth home sales in opportunity areas | Local
“We really hope this will help prime the pump to create new investment and jobs for our residents.” There are 12 zones in Guilford County, as well as four in Alamance, three in Randolph, Rockingham, Surry and Wilkes, two in Davidson and one in Alleghany, Ashe, Davie, Stokes, Watauga and Yadkin. North Carolina’s list of […]
Poll: Buying a house doesn’t require love
Once considered a prerequisite to buying a home, more and more couples are forgoing marriage and choosing to buy a home as partners rather than husband and wife. This new survey—carried out by a market research and consulting company HarrisX for real estate agent.com—aims to find the motivations of unique buyers and with whom they […]
Landed home sales hit record $8.9 billion in 2021: Knight Frank
Credit: Samuel Isaac Chua/The Edge Singapore SINGAPORE (EDGEPROP) – According to a Knight Frank research report, $4.3 billion worth of landed houses were traded as of 2H2021 with 421 units changing hands, representing a 6.2% drop in the total value of landed houses. sales on a semi-annual basis. Nonetheless, this brings the total value of […]
2021 has been a ‘fantastic year’ for home sales despite low inventory and high prices: RE/MAX
The housing market in 2021 was the busiest ever, according to a new RE/MAX report, with a record number of homes being sold at a blistering pace. (iStock) According to the last National Housing Report RE/MAX. But motivated buyers overcame those challenges to make 2021 the busiest year for home sales in the study’s 14-year […]
Home sales increased in November. Will this trend continue in 2022?
In 2021, the housing market was very difficult for buyers to navigate. That’s because home values have skyrocketed nationally, putting many potential buyers in a tough spot. One would think that the rise in house prices would have put buyers off and forced a decline in the real estate market. But the November sales figures […]
Mobile home sales on the rise, residents seek more affordable homes
LAS VEGAS (KLAS) – For more than a year, the housing market has been booming and finding affordable housing has been difficult for many residents. Today, people looking to buy are investing in modular homes, also known as mobile homes. The Flamingo West Mobile Community in the Southwest Valley is just one of many attractive […]
Home sales in Canada set a new record in 2021, surpassing the previous record by 20%: ACI – National
The Canadian Real Estate Association says annual home sales hit a new high in 2021, eclipsing the previous record set in 2020 by about 20%. The association said Monday that about 667,000 residential properties changed hands in 2021, about 30% more than the 10-year average. However, home sales in December were little changed from November […]
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What are as-is home sales
Selling a home can be a long process. From hiring a real estate agent to reaching a final agreement, selling a home is full of paperwork and detailed requirements. Yet, while most buyers want a home that can be lived in immediately and needs few repairs, these days more and more sellers are setting up […]
Experts divided on whether home sales will rise or fall in 2022
A panel of economists and housing experts is also split on whether sales will rise or fall in 2022, as worries about deteriorating affordability collide with expectations of rising inventories. Surveyed, 41% of respondents to the latest Zillow survey on house price expectations (ZHPES) said sales will increase, 41% predict a slowdown and 18% believe […]
Imminent drop in the home sales index
A gauge of U.S. pending home sales dropped unexpectedly in November as high prices and low inventory capped home buying. The National Association of Realtors’ pending home sales index fell 2.2% from the previous month to 122.4, data showed Wednesday, more than all estimates for a Bloomberg survey. An index of 100 equals the level […]
New York home sales could slow in 2022
Bess Freedman, CEO of Brown Harris Stevens (Brown Harris Stevens, iStock) After 2021 marked a banner year for housing markets in Manhattan and Brooklyn, New York home sales could slow in 2022, BHS CEO Bess Freedman said. Freedman told Bloomberg TV’s Surveillance that rising interest rates and housing supply issues could spur the city’s changing […]
The Hague approaches ban on buying low-cost homes as rental properties
The Municipality of The Hague has taken another step to prevent buyers from buying affordable housing and then renting it from March 1. The city’s mayor and aldermen approved the plan to protect the affordable housing market for low and middle income. households wishing to live in cities. The entire city council has yet to […]
Rising Rates May Not Slow Home Sales, Says First U.S. Model of Potential Home Sales
SANTA ANA, Calif .– (COMMERCIAL THREAD) –First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk management solutions for real estate transactions, today released First American’s exclusive home sales potential sales model for the month of November 2021 The potential home sales model measures what the healthy level […]
Existing home sales data continues to outperform
However, before getting into this report, I need to explain why so many people missed out on this surge in demand in the second half of 2021. It’s the same reason I’ve given for many years: American bears hosting generally addicts can I do not read the data correctly, and the mortgage purchase application data […]
US Existing Home Sales Rise in November; Supply remains tight | Investment News
WASHINGTON (Reuters) – U.S. home sales rose for a third straight month in November, but supply remained tight, keeping house prices high and crowding out first-time buyers. Sales of existing homes rose 1.9% to a seasonally adjusted annual rate of 6.46 million units last month, the National Association of Realtors said Wednesday. Sales increased in […]
Home sales in the United States could reach their highest level since 2006
Image source: Getty Images Despite the high prices, home buyers are not backing down. Key points Sales of existing homes increased 0.8% in October from September. They are now on their way to reaching their highest level in 15 years. It is often the case that home sales peak in the spring and summer and […]
After brief dip, pending home sales rebound strongly in October: NAR
The number of contract signatures increased 7.5% from September to October, reports the National Association of Realtors. Pending home sales rebounded in October after falling sharply the month before, as the housing market continued to tumble through one of its strongest years in recent memory. The number of contract signatures in October rose 7.5% after […]
New home sales peak in 6 months
New home sales in October rose a modest 0.4% to a seasonally adjusted annual rate of 745,000 after a furious September. After rising double-digit in September 2021, sales of new single-family homes slowed significantly in October, increasing a modest 0.4% to a seasonally adjusted annual rate of 745,000, the US Census said on Wednesday. Office […]
U.S. home sales edged up in October, as prices continue to rise
Existing home sales, which include single-family homes, townhouses, condominiums and co-ops, were up 0.8% month over month. After slowing down during the summer, sales revived in September, which saw a monthly increase of 7%. Year over year, home sales were down 5.8% from October 2020, marking the cyclical peak of the pandemic spike in home […]
Existing home sales increase slightly, but inventories are tightening again
Sales of existing homes increased in October, second consecutive month of growth. The National Association of Realtors® (NAR) said sales of used single-family homes, townhouses, condos and co-op apartments were at a seasonally adjusted annual rate of 6.34 million units. That rate was 0.8% higher than the 6.290 million rate in September, but 5.8% lower […]
When it comes to buying property as a group, the people of British Columbia are fearless
British Columbia has a particularly high prevalence of buyers buying properties in groups of three or more, according to a recently released data pack from the Housing Statistics Program in Canada, which is part of Statistics Canada. Newcomers to Canada are particularly active in purchasing high-end real estate as a group. “We were very interested […]
More millennials open to buying a home at auction
As the country’s domestic market begins to rebuild after a period of low inventory, a new survey by ServiceLink, part of the FNF family of companies, has found that most potential buyers would turn to auctions as an option for home ownership. The survey, conducted October 25-27 online by The Harris Poll on behalf of […]
Is buying a home a wise investment right now?
The housing market in 2021 is a perfect storm of good (very low mortgage rates), bad (high demand for property) and ugly (bidding wars and rapidly rising house prices). If you ask “Should I buy a property in 2021?” The answer is difficult to predict. Buying a house in 2021 could be a fantastic idea […]
Here Are Three Ways For Anyone Buying A Home For The First Time To Save Money
October 29, 2021 at 9:31 am Got a writing tip, a press release, a listing of local events, or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and become a monthly subscriber. People who are looking for a forever home shouldn’t overpay or settle for a home they don’t like. […]
September home sales surged despite sky-high prices
Home prices have climbed exponentially over the past year as tight inventory and low mortgage rates have boosted buyer demand. Now you would think that at some point buyers would have no more room in their budgets to keep paying sky-high prices. But home sales managed to rise in September despite the many reasons buyers […]
Pending home sales take a hit in September: NAR
The slowdown in contract signing in September is a likely sign that home price growth will soon come back to earth, said Lawrence Yun, chief economist at NAR. Pending home sales fell 2.3% in September 2021 from the previous month and fell 8% year-on-year to an index of 116.7, the National Association of Realtors (NAR) […]
US sales of existing homes rebound in September, up 7%
Sales of existing homes rose 7% to 6.29 million occasionally changed units in September from the previous month, as reported by the National Association of Realtors (NAR). The results exceeded reviewers’ assumptions for a 3.6% increase, according to Bloomberg estimates. Yoon noted that the surge in activity last year, due to the departure of COVID-19 […]
No more “slow season” as home sales post the highest numbers since January 2020
FatCamera / iStock.com Seasonality plays an essential role in the housing market, as it has a significant impact on the supply of and demand for housing. Transactions and prices tend to be above trend in summer, while activity slows down in winter. This year, however, the housing market still looks exceptionally strong in what is […]
Sales of existing homes in the United States rebound in September, up 7%
Home sales in the United States rebounded in September. Sales of existing homes rose 7% to 6.29 million seasonally adjusted units in September from the previous month, according to the National Association of Realtors (NAR). The results exceeded analysts’ expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This fall appears to be the […]
Home sales in September in Maine fell as prices continued to climb sharply
Sales of existing single-family homes in Maine slowed for the third consecutive month from a year earlier, indicating a moderation in the warm housing market, although prices continued to rise, according to data released Thursday by the Maine Association of Realtors. . The 2,067 homes sold were down 9.7% last month from September 2020, while […]
Declining listings are causing monthly home sales to drop
According to a new report from Redfin, the median home selling price rose 14% year-on-year to $ 376,800 in September 2021, the lowest growth rate since December 2020. September marked the 14th month. consecutive month of double-digit price increases. . Both closed home sales and new listings of homes for sale declined from a year […]
This week: Tesla wins, US home sales, AmEx wins
A look at some of the major trade events and economic indicators coming up this week: CHARGE Wall Street expects another solid quarterly snapshot from Tesla. Analysts predict that the electric vehicle maker will announce on Wednesday that its profits and revenues increased in the third quarter compared to the same period last year. This […]
Pending home sales soared in August after 2 months of decline
In June and July, pending home sales started to decline. Pending home sales represent contracts signed to buy existing homes, and when those sales start to drop, it’s a sign that demand for homes is starting to drop. Buyers may have been encouraged by these initial summer numbers, as a downturn in the housing market […]
For-Profit Home Sales at Decade High
Tight listings, record mortgage rates and extraordinary growth in home values ​​in Australia have led to the best returns for sellers in over a decade. According to the latest CoreLogic Pain and Gain report, over 90% of homes sold in the June quarter ended in profit, an increase of 9% from the first quarter of […]
Pending home sales unexpectedly rise as housing market paves the way for a rebound
Numbers: The number of home buyers who signed a home purchase contract in August has jumped, far exceeding economists’ expectations. Pending home sales rose 8.1% in August from July, the National Association of Realtors reported on Wednesday. Economists polled by MarketWatch had forecast a 0.4% increase in pending home sales in August. Still, compared to […]
Profitable home sales reach their highest level in 39 years
Profitability increased in 12 of the 15 capitals and the rest of the state’s markets, with the rate of sales at a loss increasing in Melbourne, Hobart and regional Tasmania, albeit from a weak base. Regional and tree-change markets posted the highest proportion of lucrative sales, with Victoria’s Ballarat regional area reaching 99.7 percent of […]
Falling sales of existing homes due to high prices
High home prices may finally drive buyers away. There’s a reason many potential buyers have struggled to purchase a home this year. Limited inventory and low mortgage rates fueled increased demand from buyers. This, in turn, has pushed home prices up to the point that many buyers simply cannot afford them. In August, the median […]
rental houses – Realtor.com Economic Research
rental houses – Realtor.com Economic Research September 24, 2021 To keep up with the rapid changes COVID-19 is causing in the economy and the housing market, the economics team at realtor.com® provides a weekly blog and video update on the relevant real estate and economic information you need to know to navigate the housing market […]
Record home sales don’t stop
LIMA – Pam Daley-Jennings answered the question before it was asked. “No. Never. I’ve been doing this for 35 years and I’ve never seen a home sell like they’ve been in recent years,†said the owner of First Lima Title Agency. “We wonder how many houses are still for sale. So just today (Friday) I […]
New home sales increase for second consecutive month
Sales of new single-family homes in August were up 1.5% from the previous month, at a seasonally adjusted annual rate of 740,000, according to a report by the US Department of Commerce released on Friday. This is the second consecutive month of rising sales for homebuilders, although there is good reason to believe that the […]
Existing home sales decline as buyers wait for better prices and more options
Sales of existing homes fell in August, with inventory and prices remaining a major concern for potential buyers. Existing home sales fell 2% to a seasonally adjusted annual rate of 5.88 million in August, the National Association of Realtors said on Wednesday. Compared with August 2020, home sales fell 1.5%. “Although there has been a […]
Door-to-door sales will calm down for the rest of the year and next: Fannie Mae
Existing home sales were stronger than expected in July, but forecasters at Fannie Mae expect buyer demand to cool for the rest of the year and into the next year, citing the lack of homes. to sell as the main obstacle to sustained growth. In their latest monthly forecast, economists at Fannie Mae now forecast […]
U.S. pending home sales slow in mid-2021
E-mail Sign up for our free weekly newsletter National real estate broker Redfin reports that U.S. pending home sales rose 7% in the four-week period ending September 12, 2021, the lowest year-over-year increase since June 2020. Of the homes sold during the period, just under half cost more than their asking price, the smallest share […]
Home Sales In Utah Slowing Down? Prices are still high
It looks like the Utah real estate market is slowing down slightly, according to the latest Salt Lake County home sales figures. But that doesn’t mean the market isn’t hot yet – only 2020, the year the pandemic shook the national housing market and spurred record home sales, especially in the West, surpasses a 2021 […]
Pending home sales growth slows | New
Pending home sales rose 9% in August, the slowest growth since June 2020, according to a recent Redfin report covering the four-week period ending August 29. More sellers have started to lower their prices, which Redfin says is another sign that seasonal buyers are slowing down. demand. Still, prices remained up 15% year over year, […]
Why home sales are at their highest level in 12 years
The housing market has been hot since the start of the pandemic and home sales have remained high. In this episode of The five, registered on 23 august, Fool contributors Jeremy Bowman, Brian Withers and Toby Bordelon explore the drivers behind rising home sales and discuss the future of the residential real estate market. 10 […]
Wisconsin’s July home sales drop, but that doesn’t mean the market has softened
A 14.2 percent drop in home sales may seem worrisome at first glance, but there is more to be said. There were about 8,510 existing home sales in the state last month, according to the latest report from the Wisconsin Realtors Association. This is a decrease from the 9,915 sales reported in July 2020. That’s […]
Home sales market cools down because buyers no longer feel rushed: Redfin
Indicators continue to show that the housing market is cooling, but at the same time, median selling prices and asking prices are up from the same week last year, Redfin reported. The share of homes for sale for which the seller lowered the list price rose to 4.9%, making it the 15th consecutive week that […]
Don’t sleep on this king of house rentals – Grizzle
Airbnb goes public this month and has the distinction of being the biggest public offering of December in what turns into a busy IPO month. To prepare you for the early days of the action, we went through the financial documents to understand what this company is all about. We think the pandemic is giving […]
HomeRock Announces Home Buyers and Lease Returns Service Helping Texas Homeowners on the Brink of Foreclosure
We hope to find more homeowners in Texas with equity in their homes who have just fallen behind but want to avoid foreclosure and stay in the home. We want to buy their house, rent it to them and sell it to them in the future. (PRWEB) March 29, 2016 HomeRock director Aaron Amuchastegui is […]
Single-family home rentals are hot after the recession
PITTSFORD, NY – Apartment living brought Bill and Jennifer Schumacher together, the two neighbors meeting while living in the same apartment complex in the Philadelphia area. When Jennifer received a job offer in the Rochester, NY area, the couple were okay with moving, but they didn’t have much time and they knew they didn’t want […]