Housing Market

Housing Market

Homebuyers Gaining Bargaining Power as Inventory Increases

Home values saw their smallest monthly increase since May 2012, up just 0.2 percent in January from December according to the latest Zillow Real Estate Market Reports. Year-over-year, U.S. home values rose 6.3 percent in January, down from peak gains of 7.1 percent in August 2013. This slowdown
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Average Sales 2002-2013, Units Sold and Price per Square Foot

2013 saw an increase in home sales and a stabilization of mid-range prices. The charts below show the number of units sold by price range and the average sales price per square foot by price
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January Housing on the Up

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators.
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Rates on New Home Loans Join Downward Trend

On Christmas Eve, the Federal Housing Finance Agency (FHFA) reported a 10 basis point decline in mortgage interest rates for the month of November. Data from FHFA’s Monthly Interest Rate Survey (MIRS) cover conventional single-family mortgages and distinguish whether the loans are for the
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Consumers Feel Good about Mortgage Credit

More Americans now believe it would be easy for them to get a mortgage, according to Fannie Mae’s January 2014 National Housing Survey results. Consumer attitudes regarding the ease of getting a mortgage climbed 2 percentage points to an all-time survey high of 52 percent, while those who think
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Consumers More Committed to Buying or Selling This Year

Prudential Real Estate, an HSF Affiliates LLC real estate brokerage network, recently released results of its fourth quarter Consumer Outlook Survey indicating that consumers’ perception of residential real estate is increasingly favorable, and that consumers are more committed to buying and
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Can Shadow Inventory Help Relieve Price Pressure?

Home prices grew at the fastest pace in seven years in 2013. This is good news for property owners, both homeowners and landlords, as they witnessed, on average, a $32,000 gain in housing equity over the past two years. The equity increase is an immediate financial gain for many. For others, it
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Online Access: The Importance of Product Experience

From what began as a traditional offline business, real estate began moving online in the late 1990s and has increasingly become not only an online business, but a mobile one. Real estate will always have a fundamental human element, but homebuyers in 2013 have a much different experience than
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10 Reasons to Buy a Brand New Home

Much like the rest of the real estate industry, new home construction is on the rise! Are you a real estate agent who sells or even specializes in new builds? Below is a list of the top 10 reasons for home buyers to buy a brand new house. Feel free to use this information during your buyer
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Today’s Buyers are Looking for these 10 Things in a Home

While David Letterman’s Top 10 lists generally culminate in a No. 1 ranking, the following list includes in no particular order 10 things that are important to buyers today, especially Millennials who represent a significant buyer niche in today’s market. 1. Quality of the neighborhood –
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