U.S. existing-home sales rose strongly in July, jumping to their highest level in almost four years—with the median price maintaining double-digit year-over-year increases, according to data released yesterday morning by the National Association of REALTORS®.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and …
Economic growth continues to gain momentum in the second half of the year, as expected, despite the slow start at the beginning of 2013. Fannie Mae’s Economic & Strategic Research Group’s full-year forecast for both the economy and housing market remains on track, with GDP expected to come in at …
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau. Meanwhile, single-family construction recorded a modest decline from a rate …
Home builder confidence in the market for newly built, single-family homes rose for the fourth consecutive month, reaching an eight-year high, the National Association of Home Builders reported recently.
The NAHB Housing Market Index rose by three points to 59 for August, the highest level since 2005; any number …
Nationwide housing affordability slipped several notches as recovering markets witnessed significant firming of home prices in the second quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released recently. In all, 69.3 percent of new and existing homes sold between the beginning of April and …
After the housing crash in 2008, the real estate market left risky loan programs behind and instead turned to safer ways to finance homes. Although there are fewer options, there are still many things to consider before choosing a program that’s right for your situation. Don Frommeyer, CRMS, president …
A: There are a few things to consider, including cost, individual needs, and what will add value down the road. Also important: your emotional attachment to the existing home.
As designer and builder Philip S. Wenz, the author of Adding to a House: Planning, Design & Construction, notes, an …
The U.S. Department of Housing and Urban Development (HUD) recently published a new proposed rule to Affirmatively Further Fair Housing (AFFH) in the Federal Register and made available background materials and a prototype geospatial tool. AFFH refers to the 1968 Fair Housing Act’s obligation for state and local governments …
The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. The latest jobs report showed steady year-to-date job creation and measures of …
Home prices have risen at a double-digit rate since early spring. The Case-Shiller reading was up 11 percent in March compared to a year earlier, while the NAR median price was higher by roughly the same amount in April. This robust appreciation appears nearly certain to last for the remainder …