Home sales

Minnesota home sales decline in February amid inventory reduction

article Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. (FOX 9) – Dwindling inventory and rising prices pushed Minnesota closed-home sales down 12.9% from the previous February. According to Minnesota Realtors, a membership organization supporting the state’s 22,000 real estate agents, new listings were down 8.5% from a […]

Home sales

Federal National Mortgage Association: Consumption and existing home sales improved in January, but headwinds for the economy and housing have intensified since then

Key points to remember: Gross Domestic Product (GDP), adjusted for inflation, rose at a seasonally adjusted annualized rate (SAR) of 7.0% in the fourth quarter of 2021, according to the second estimate from the Bureau of Economic Analysis (BEA), an increase of one tenth from the preliminary […]

Home sales

Oakland Co. home sales continue to smash records, despite seasonal decline – The Oakland Press

According to the report you read, January residential home sales in Oakland County slowed 8.8% for closed and pending sales according to RealCompi.e. 13.4% according to Re/MAX of Southeast Michigan. The differences, said Jeanette Schneider, president of Troy-based RE/MAX in southeastern Michigan, depend on the day the numbers are counted for each report’s month, as […]

Home purchasing

How to sell your house smoothly while buying your next one

Michaeljung/Getty Images/iStockphoto Selling your home while buying a new one can be a stressful process, especially when it comes to financing. If you’re looking to buy a home soon while getting rid of your current home, here’s what real estate experts recommend to make the transition as smooth as possible. Tips: 25 tips to sell […]

Home sales

The budget misses the long-term demands of the real estate sector; Rebound in home sales: Niranjan Hiranandani

While the budget focuses on promoting infrastructure and affordable housing, the middle class has been left behind, says Niranjan Hiranandani, co-founder and managing director of the Hiranandani Group and vice president of NAREDCO. In an interview with Activity area, The 71-year-old Indian billionaire pointed out that institutional investors’ interest in real estate, especially new asset […]

Home purchasing

2022 rate hike reduces homebuyers’ buying power

After years of stimulus injections and support from the Federal Reserve (Fed), the government takes off in 2022 – and market participants are preparing by demanding higher interest rates on their investments. Mortgage interest rate bottomed out a year ago, in January 2021. Since then, rates have remained near all-time lows – until their recent […]

Home sales

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

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 […]

Home sales

Greater Palm Beach area home sales experience record year in 2021

E-mail Sign up for our free weekly newsletter Driven by waves of Northeast and West Coast buyers Palm Beach County real estate broke its record for the most home sales in just 11 months, according to the Miami Association of Realtors, as the November 2021 sales total pushed the market above the former standard. Total […]

Home sales

Home prices in Australia hit record high in 2021 amid 40% rise in home sales

Australian home prices suffered a bumper in 2021 as lower interest rates pushed values ​​higher, with values ​​in Sydney alone rising on average by $ 4,200 each week. Figures from real estate consultant CoreLogic released on Tuesday showed some heat exiting the market as national home prices rose 1.0% in December, down from 1.3% in […]

Home sales

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 […]

Home sales

15 cities with the most home sales per capita

sirtravelalot / Shutterstock.com Editor’s Note: This story originally appeared on Porch. Unusually high demand in the real estate market has been a constant fact throughout the COVID-19 pandemic. While real estate sales – like most aspects of the economy – came to a halt in March and April 2020, buyers have since bought homes quickly, […]

Home rentals

Canada’s CPP Investments bets on rental homes as mortgage rates climb, Real Estate News, ET RealEstate

TORONTO: CPP Investments plans to buy more rental homes as higher mortgage rates make home ownership difficult and boost demand for rental homes, its global real estate manager told Reuters. CPP Investments, which manages C $ 541.5 billion ($ 426.1 billion) in Canada’s National Pension Fund, on Wednesday announced its first investment in single-family rental […]

Home rentals

CPP Investments Canada relies on house rentals as mortgage rates climb

TORONTO, Dec.9 (Reuters) – CPP Investments plans to buy more rental homes as higher mortgage rates make homeownership difficult and boost demand for rental properties, its global head of housing told Reuters. ‘real estate. CPP Investments, which manages C $ 541.5 billion ($ 426.1 billion) in Canada’s National Pension Fund, on Wednesday announced its first […]

Home sales

Spanish market records highest home sales since 2008 ‘credit crunch’

A trend that seems to continue as long as their prices increase with inflation, explain the experts. Of course, with the uncertainty of how the new housing law will affect the market, which includes price control mechanisms, penalties for empty apartments, rent cuts for large landlords in new contracts and surcharges for second homes. Among […]

Home sales

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 […]

Home sales

Housing Snapshot: 2022 Will See Continued Increase In Home Sales And Prices, Report Says

kali9 / Getty Images Anyone looking for a new home should have a better chance of finding one in the next year, as the supply of new homes approaches demand, but you can still expect historically high prices to drop. everywhere, according to a new report from Realtor. com. See: Buying A Home Is Crazy […]

Home sales

As inflation rises, home sales are expected to decline over the next 2 years

Inflation is heating up and could accelerate further, but the impact on mortgage rates is expected to be modest thanks to the Federal Reserve’s clear roadmap on its plans to withdraw support from mortgage markets in the coming months. That’s according to the latest economic and real estate forecast from economists at mortgage giant Fannie […]

Home sales

Off-season mortgage rebound could bode well for fall home sales

The rebound in mortgage rates did not deter buyers last week, with demand for purchase loans increasing for the second week in a row. A weekly survey by the Mortgage Bankers Association found that requests for purchase loans increased week-over-week by 2% seasonally. Even though home purchase loan applications were down 6% from a year […]

Home sales

Population growth and record home sales allow Wilmette officials to rejoice in the village’s financial situation

“It is the most solid financial position the village has ever been in.” Delivered with confidence and optimism, Wilmette Village Manager Mike Braiman’s statement capped a flowery budget outline presented to village council on October 12. Braiman said the circumstances include vast reserves and a growing community which in 2021 hosted a record total of […]

Home sales

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 […]

Home sales

Home sales in top 8 cities grow 92%, new launches 90% year-on-year in Q3 2021: report

Total residential sales for the top eight markets surveyed in the third quarter of 2021 reached 104% of the 2019 quarterly average. Home sales volume in the country’s eight major cities grew 92 percent year-on-year to 64,010 units, while new residential unit launches increased 90 percent year-on-year to 58,967 units in the third quarter 2021, […]

Home sales

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 […]

Home sales

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 […]

Home sales

Major banks’ interest rate cuts could boost home sales this holiday season: experts

The State Bank of India (SBI) will charge mortgage borrowers 6.7% interest based on their credit score regardless of the loan amount. The offers are accessible to all segments of borrowers regardless of the profession of the borrower. The 6.70% mortgage offer is also applicable to cases of balance transfer. Kotak Mahindra Bank cut interest […]

Home sales

Home Sales Expected To Stay Strong This Fall: MoxiWorks Report

Despite the ongoing coronavirus pandemic and the looming fall season, a new report from real estate technology company MoxiWorks suggests home sales will remain strong for the next month and a half. The report says that as of September of this year, 564,000 homes are expected to sell in the United States. This would represent […]

Home rentals

Home rentals rise as buyers sit on the sidelines

Real estate agent Marisa Bowe often helps families moving to Houston find homes to rent while they get to know the city and decide where they would like to buy. “But it’s funny,” she said of her current clients, “it’s more people who moved last year, filled their one-year leases, but still aren’t all of […]