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Tag Archives: sales

What’s Keeping Homeowners from Moving?

According to a recent report, if American homeowners moved at the same rate they did in 1990, there would have been about 2.8 million more homes sold in 2016. This would solve the ongoing inventory problem, but the fact is Americans just aren’t moving, for a number of reasons. The report cites three possible reasons for a non-moving population: an aging population, pockets of high negative equity, and an increase in single-family rentals.

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The Week Ahead: Low Construction’s Impact on Sales

On Tuesday, at 10 a.m. EST, the U.S. Census Bureau along with the Department of Housing and Urban Development (HUD) will release the New Residential Sales Report for April 2017. With construction activity droppping off slightly, how will sales react?

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Sellers’ Biggest Hurdle? Finding Another Home

The flipside of the sellers-market economy of 2017 is that sellers looking to buy a new home are running into the same problems as all other buyers. A new study by Redfin shows that two-thirds of sellers are worried about finding a new property once they sell. And low inventories are reeling from the increasing speed of sales.

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Boom in New Home Sales

The increase in new home sales could be due to the warm winter which allowed construction to stay on schedule, last year’s strong home construction starts, and a gradual shift from building apartments to individual homes. However, Kirchner says that while construction is up overall, existing home sales are falling.

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