Tag Archives: Markets & Economy

Sales are down, but inventory is up in latest new home sales data

By Patrick Kearns | August 23, 2018 - 2:22 pm |August 23, 2018 Uncategorized

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Sales of new single-family homes dipped slightly in July to a seasonally adjusted annual rate of 627,000, a 1.7 percent decline, month-over-month. Continue reading →

Home prices are rising at a slower rate than past four years: FHFA

By Patrick Kearns | August 23, 2018 - 1:18 pm |August 23, 2018 Uncategorized

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U.S. home prices rose 6.5 percent year-over-year in the second quarter of 2018, according to the latest Federal Housing Finance Agency data. Continue reading →

Existing-home sales dropped 0.7% in July, extending 4-month decline

By Marian McPherson | August 22, 2018 - 2:25 pm |August 22, 2018 Uncategorized

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Existing home sales dropped 0.7 percent to a seasonally adjusted 5.34 million in July, declining for the fourth consecutive month. Continue reading →

What your buyers need to know about natural disaster insurance

By Marian McPherson | August 21, 2018 - 7:49 pm |August 21, 2018 Uncategorized

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As Americans beging to rebuild from natural disaster, one thing has become clear, most homeowners didn’t have the proper insurance. Continue reading →

Nationwide foreclosure starts rise for first time in 3 years

By Marian McPherson | August 21, 2018 - 8:00 am |August 21, 2018 Uncategorized

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Foreclosure starts increased by less than 1 percent year-over-year in July after 36 consecutive months of decreases, according to Attom Data Solutions. Continue reading →

Seniors face affordable housing crisis

By Teke Wiggin | August 20, 2018 - 10:05 pm |August 20, 2018 Uncategorized

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Surging demand and limited development have created an affordable-housing crisis for seniors that’s only expected to worsen in the years ahead. Continue reading →

Older millennials most likely to lose sleep over housing costs

By Andrea V. Brambila | August 20, 2018 - 9:46 pm |August 20, 2018 Uncategorized

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Nearly one-fifth (17 percent) of adults aged between 28 and 37 say they lose sleep over their ability to pay for housing, more than any other age group, according to a report from Bankrate.com. Continue reading →

In real estate ecosystem, Zillow’s octopus arms reach far and wide

By Brad Inman | August 20, 2018 - 8:05 pm |August 20, 2018 Uncategorized

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Extending beyond listings into mortgage lending, iBuying, property management and more, Zillow’s reach is expanding, but rivals have nothing to fear. Continue reading →

Why the Northeast is such a tricky market for iBuyers like Opendoor

By Emma Hinchliffe | August 17, 2018 - 7:48 pm |August 17, 2018 Uncategorized

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There’s more than just high prices keeping Opendoor, OfferPad, Knock and Zillow Offers out of Northeast housing markets. Continue reading →

Price reductions rose in June, with cities seeing biggest cuts: Zillow

By Veronika Bondarenko | August 17, 2018 - 5:04 pm |August 17, 2018 Uncategorized

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Two-thirds of major American cities saw more property listings cut in price now than they did during the same period in 2017, according to Zillow. Continue reading →