According to the National Association of Realtors, all major regions in the nation experienced a decline in existing-home sales in November right after reaching the highest of the year. Sales fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million in November from a downwardly-revised 5.25 million in October. While sales flattened, housing supply

Existing-Home Sales increased in July, marking the highest annual pace of the year. Sales rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July from a 5.03 million in June. Although sales are at their highest and have been rising for the past four consecutive months, the stats still remain below

Existing-home sales went up in June reaching an annual pace of 5 million sales for the first time since October 2013. Inventory is still rising and continues to push overall supply towards a more balanced market. Total existing-home sales climbed 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an

The length of time a house sits on the market can vary greatly depending on the location, the schools, the quality of the house/property and so on.  Can we agree that the conventional way of selling a home can be a drawn-out and painstaking process? A SOLD property means a big exhale of relief. With

At the fastest pace this year, home building surged in April. Housing starts rose 13.2% this April to a seasonally adjusted annual rate of 1.07 million, up from 947,000 in March and overachieving economists’ forecasts. April’s gains were mostly due to multi-family construction, where starts rose almost 40% from March. Starts improved in every region

The National Housing Trend Report released by signals a healthier market than in early home buying season a year ago.  The report shows year-over-year growth in inventory and days on market for March 2014, which all looks good for spring homebuyers. This, coupled with modest price increases, points to better things ahead. The median

Get In the Zone

Thursday, 10 April 2014 by

So you’re looking to buy a place. You found this pretty little number sitting on a decent amount of land. The price seems doable and now you’re dreaming up ways to make this spot your own. Before getting all-passionate about purchasing, zero in on zoning. Be sure to check out local zoning rules and regulations,

Translation: The buyer will have to fix stuff. You are the buyer. So, can you? Will you? Fix it? Any of it? A little of it? A lot of it? How much work is this fixer-upper, really? First determine the amount and degree of repair and remodel that needs to be done. Be real about

Housing starts, although falling acutely in December, were bold enough and remained so at the end of 2013 to earn “the best since 2007” statistic. In 2007 starts totaled nearly 1.4 million. November starts levels were the highest of the year at 1.1 million but was then followed by souring December numbers that fell 9.8%

Median prices continue to show strong year-over-year growth but in November existing-home sales took a tumble. A seasonally adjusted annual rate of 5.12 million for October fell to 4.90 million in November. This is the first time in 29 months that sales were below year-ago levels. National Association of Realtors chief economist, Laurence Yun dissects

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