HUD and Census Bureau Announce New Construction Activity in April

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau has announced the following new residential construction statistics for April 2013:

Building Permits
Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,017,000 ...

Hilton Head Real Estate Market Report - April 2013

Market Trends

Which snapshot would you like?

• Market Area overview for Hilton Head/Bluffton/etc combined

• On Island Detached Homes Only

• On Island Attached Condos/Villas Only

• Off Island Combined Homes, Condos & Villas

  

Hilton Head Island Area Market Stats (MLS)*

• Closed Sales YTD: 1,055(+10.5%)
• Pending Sales YTD ...

U.S. home prices keep rising, but homeownership declining

Steep home price gains in certain U.S. markets, including Brooklyn, have some economists worried that the increases are unsustainable for a healthy housing market, forecasting another real estate bubble as Bloomberg News reported.

As a matter of fact, The two trends underscore the nature of the housing rebound: Gains ...

Down Payment Rules Are at Heart of Mortgage Debate

As mortgage rates fall to absurd-like levels, the cost of home ownership drops, too. Mortgage payments are 18% less expensive today as compared to one year ago.

For today's home buyers, though, "making mortgage payments" may not be a concern -- it may be making a downpayment. Thankfully, a bevy ...

Housing Starts Pass 1 Million Starts for First Time in Nearly Five Years

Freddie Mac recently released its U.S. Economic and Housing Market Outlook for April showing that despite the ongoing housing recovery and gains on the construction jobs front, large economic headwinds persist. For example, the stubbornly high unemployment rate serves as a reminder of just how far the economy needs ...

Housing Starts Rise on Strength in Multifamily in March

Soaring production of multifamily apartments pushed nationwide housing starts beyond the million-unit mark for the first time since 2008 in March, according to newly released figures from HUD and the U.S. Census Bureau. The data show that total starts activity rose 7.0 percent for the month due entirely ...

The Vacation Home Makes a Comeback

Vacation home sales improved in 2012, while investment purchases remained elevated for a second consecutive year, according to the National Association of Realtors®.

Vacation-home sales accounted for 11 percent of all transactions last year, unchanged from 2011, while the portion of investment sales was 24 percent in 2012, down from ...

Hilton Head Real Estate Market Report - March 2013

Market Trends

Which snapshot would you like?

• Market Area overview for Hilton Head/Bluffton/etc combined

• On Island Detached Homes Only

• On Island Attached Condos/Villas Only

• Off Island Combined Homes, Condos & Villas

  

Hilton Head Island Area Market Stats (MLS)*

• Closed Sales YTD: 752 (+10.4%)
• Pending Sales YTD: 982 ...

NAHB Says: New Home Sales Readjust

New home sales were down 4.6 percent in February from January but up 12.3 percent from a year ago. The drop in February was from an elevated January that was the highest since mid-2008. The inventory of unsold new homes remains very low by historic standards at 4 ...

Rates shock, spark outrage

Who wouldn't want a hurricane-proofed home? Especially when your abode is within the hurricane prone vicinity. Nobody wants to see their hard earned shelter shatter into logs or like morsels everytime a feisty disaster strikes. That is why, In 2003, Geraldine and Tony Luppino built a home on a ...