Existing home sales, which make up about 90 percent of U.S. home sales, plunged 10.3 percent from a year ago. For all of 2018. conditions now and over the next six months, as well buyer traffic..
“Approximately a year ago Marvin and I visited Fort Lauderdale for the first time and fell in love with the area. We decided we wanted to own a home there but had no idea of where to start. Then we were introduced to Mary Cotton.
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“Buyer traffic continues to be higher than a year ago, the typical listing has gone under contract within a month since April, and inventory at the end of July was 9.0 percent lower than last.
Lenders brace for QM Lenders Brace for QM HousingWire | Dec. 13, 2013 While all eyes are looking to the Consumer Financial Protection Bureau for guidance on a series of upcoming lending regulations, the bureau is not the only watchdog lenders are following.
The fastest inventory growth was found in condominiums and townhomes, which are now up 7 percent year-over-year, but single family homes are growing at a faster pace than last month, now growing.
years ago. (See Chart 3.) This is particularly true for Millennials, nearly half (47%) of whom are now visiting these venues more compared to far fewer Gen Xers (29%) and Baby Boomers (25%). “There has definitely been a lifestyle shift compared to where the [spa] industry was 15 to 20 years ago.
Sales fell 4.1 percent in September from a year ago. "Without a doubt there is a clear shift in the market," said Lawrence Yun, chief economist at the National Association of Realtors. is.
NRMLA’s 2017 Eastern Regional Meeting & Expo: Reverse Mortgages in a Time of Change Washington, D.C. – May 17, 2017 (nar.realtor) Any perceived shortage of appraisers may be location specific and dependent on whom you ask, but there is universal agreement that more needs to be done to keep appraisers in the profession and attract new talent.That’s according to panelists yesterday at a property valuation forum at the 2017 REALTORS Legislative Meetings & Trade Expo.
The first-time buyer share of 32% was up from 31% last month and 29% a year ago. The National Association of Realtors reported that 47% of homes sold in September were on the market less than a month. The september inventory decreased to 1.88 million units from 1.91 million units in August, but was up from 1.86 a year ago.
· First-time buyers accounted for 32% of sales, up from 29% the prior month. Existing-home sales account for about 90% of U.S. housing and are calculated when a contract closes. New home sales make up the remaining 10% and are counted when contracts are signed.
There has also been a supply shortage: Sales listings were flat over the past year at 1.93 million units. The median sales price climbed 4.3% from a year ago to $285,700. proportion of first-time.