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Existing-home sales surmounted an annual pace of 5 million sales for the sixth time in seven months despite the low inventory conditions. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013. A year ago, December sales were just 3.5 percent higher and are now

Last month the housing market’s shining star was the apartment rental. With a rise in renters, builders focused on building them. In October though, a decline in construction started on apartments contributed to the drop in housing starts. Starts fell 2.8% in October to an annualized pace of 1.01 million from 1.04 million in September.

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

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

Every month the National Association of Realtors generates a Monthly Housing Summary. The August 2013 real estate data shows that inventory recovery is broad and expanding while the net amount of listings saw a gain despite the close of the summer season. The national median list price didn’t change from the previous month but price

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