Newsfeed: April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction
The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 591 thousand.
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Newsfeed: Final Look at Local Housing Markets in April
We are seeing a significant change in inventory, but no surge in new listings. This means the increase in inventory is due to a decrease in demand, likely because of higher mortgage rates.
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Newsfeed: 3 Real Estate Trends to Watch Out For in May
The current housing market is an interesting one, to say the least. Right now, home prices are up on a national level while borrowing has gotten fairly expensive. That’s putting a lot of would-be buyers in a tough spot.
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Newsfeed: Yahoo Finance US home price growth stalls in the final month of 2021
Home price growth in the U.S. paused in the final month of 2021, but the full year logged in record gains.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted an 18.8% annual gain in December, unchanged from November. The 20-City Composite posted an 18.6% annual gain, up from 18.3% a month earlier. The 20-City results were higher than analysts’ expectations of an 18% annual gain, according to Bloomberg consensus estimates.
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