Tag Archives: Markets & Economy

Next stop: The opportunity market

By Patrick Kearns | October 26, 2018 - 4:52 pm |October 26, 2018 Uncategorized

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Conventional wisdom suggests the market will continue to favor sellers, at least for another year, but Douglas Elliman President Scott Durkin has another name for it: Opportunity. Continue reading →

Pending home sales rise modestly in September: NAR Index

By Patrick Kearns | October 25, 2018 - 2:19 pm |October 25, 2018 Uncategorized

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The Pending home sales index rose 0.5 percent from August to September, but remained down year-over-year for the ninth-straight month, according to NAR. Continue reading →

Home prices could begin to flatten nationally in 2019: Economists

By Patrick Kearns | October 24, 2018 - 7:03 pm |October 24, 2018 Uncategorized

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Following years of steady appreciation, home prices could begin to flatten nationally in 2019, economists told Inman. Regionally, it’s a different story. Continue reading →

Home prices rose 0.3% in August

By Marian McPherson | October 24, 2018 - 6:35 pm |October 24, 2018 Uncategorized

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Seasonally-adjusted home prices rose 0.3 percent month-over-month and 6.1 percent year-over-year in August, according to the Federal Housing Finance Agency. Continue reading →

New residential home sales plummet to 2-year low in September

By Veronika Bondarenko | October 24, 2018 - 6:12 pm |October 24, 2018 Uncategorized

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New residential home sales dropped 5.5 percent in September to the lowest growth in almost two years, according to the Census Bureau and the HUD. Continue reading →

You need to save for 7 years to make a down payment on a home: Zillow

By Veronika Bondarenko | October 23, 2018 - 7:00 pm |October 23, 2018 Uncategorized

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If you earn a median income and put away 10 percent of your salary, it’ll take you seven years to save for a down payment, according to Zillow’s analysis. Continue reading →

Why the housing market will stay strong through 2021

By Lew Sichelman | October 23, 2018 - 7:23 am |October 23, 2018 Uncategorized

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Against a background of “phenomenal demographics” and an end of rising mortgage rates, the Mortgage Banking Association expects the housing market to remain strong for “at least the next five years” — and maybe even longer. Continue reading →

$10M Houston mansion most expensive foreclosed home in US

By Bryson Masse | October 19, 2018 - 4:28 pm |October 19, 2018 Uncategorized

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A Houston mansion with nine bathrooms and 15,000 square feet of space is now the country’s most expensive foreclosed property, clocking in at $9.75 million. Continue reading →

Existing home sales drop in September

By Veronika Bondarenko | October 19, 2018 - 2:38 pm |October 19, 2018 Uncategorized

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Existing-home sales dropped 3.4 percent to a seasonally adjusted 5.15 million units in September, according to the latest National Association of Realtors report. Continue reading →

Fannie Mae is ‘pessimistic’ about the housing market in 2019

By Jim Dalrymple II | October 18, 2018 - 5:48 pm |October 18, 2018 Uncategorized

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In a report released Thursday, Fannie Mae’s Economic and Strategic Research Group painted a picture of a somewhat gloomy near-term future, saying that it’s expectations for the coming year “have become more pessimistic.” Continue reading →