Tag Archives: Home Sales

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.

Despite rising interest rates, real estate sales are brisk, limited only by the supply of available listings. Demand from millennials and first-time homebuyers remains robust. Economist says this has resulted in a shrinking underperformance gap.

Millennials in Pittsburgh, Washington D.C., and Des Moines, are pursuing home ownership more than their counterparts in any of the nation's 100 largest cities, according to a Lending Tree study.

Home sales and equities surge accompanied by rising interest rates. Despite this, prospective home buyers are challenged, but not discouraged from searching for their dream home.

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.

February is expected to see record-high listing prices and the shortest days on market since the recession.

One expert found that higher interest rates discourage homeowners to sell due to fear of inheriting a more expensive mortgage.

RE/MAX tracked new records for home sales in January, even as it found fewer homes listed and inventory on the decline.

Home prices, sales, and speed-of-sale saw a big jump throughout the country while inventory continued to drop.

Data from two government agencies estimates that the number of homes sold last year was substantially higher than the figure seen in 2015 but lower than predictions.