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Tag Archives: Home Sales

Housing Prices Surge and Listing Times Decline During April

While April continues a 19-month trend of decline in the number of houses on the national market, down 13.3 percent, market demand continues to surge, causing rising prices and decreased median time from listing to going under contract. Many houses across the country are selling above their asking price. This trend could continue through May and June as more houses appear on the market.

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Seller ROI Hits Highest Point Since 2007

Home seller ROI has hit an all-time high as of Q1 2017. The average seller now makes a 24 percent return on their original purchase investment, amounting to about $44,000 per sale. This is the highest point for seller ROI since 2007.

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March Sales Soared. But Is It Sustainable?

Existing home sales in March took off at a pace not seen in a decade. But while that sounds like good news, not everyone thinks March’s uptick is a sign of great growth. The rub: Inventory is still low.

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Inventory Drops to Record Lows

According to a new report, homes are selling faster, at higher prices, and in higher volumes—all thanks to a tight inventory and ever-rising demand. Prices jumped the most in Manchester, New Hampshire, while sales saw the biggest increase in Richmond, Virginia. Months of supply dipped below three months for the first time in the report’s nine-year history.

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Low Inventory Hinders High Rates of Pending Home Sales

The National Association of Realtor's Pending Home Sales Index showed an increase in pending home sales, the highest inn a year, and second highest in a decade. However, limited inventory continues to dampen the market, especially among homes in the low- and mid-market price range.

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Spring Housing Race Brings Higher Prices and Multiple Offers

There is definitely a shortage of homes to buy this spring as the housing market heats up. The number of days on the market in most areas has been steadily decreasing and the national median DOM is approximately 43 days for most listings, as reported by Clear Capital. Buyers will need to remain vigilant this spring and constantly keep their eyes peeled for a new supply entering the market, according to Dr. Alex Villacorta, VP.

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Evolving to Serve the Millennial Homebuyer

Outside of pockets of extreme growth such as Silicon Valley, today’s consumers seem to be holding onto their money rather than putting it into a home. In response, the mortgage industry must evolve to reach the first-time homebuyer, and understanding millennials is the key.

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