Archive for March, 2015


Existing Home Sales On Show Promise In February

Existing home sales are just -5.4% below their 2014 peak at 5.16 million in October 2014, this peak may be surpassed in the late summer of 2015. Chicago, IL (PRWEB) March 25, 2015 Lenders like Peoples Home Equity were pleased to see that existing home sales of single-family homes, townhomes, condominiums and co-ops increased 1.2% […]

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Rising rents are finally forcing millennials to buy houses

(Bloomberg) — Americans in their 20s and early 30s are getting a nudge toward homeownership a decade after sales peaked during the housing bubble. It’s not their nagging parents. It’s rents. They’ve risen so much that buying is making more sense. “I pay $1,410 in rent for my one-bedroom apartment in downtown Denver,” said Eric […]

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Seller’s Housing Market Reaches 30 Months With Mortgage Rates Still Low

Mortgage Rates Below 4% Stoke U.S. Home Sales With current mortgage rates in the mid-3s, U.S. home sales remain strong. In February, despite a scarce supply of homes for sale, existing home sales tallied 4.88 million, remaining above the 12-month rolling average on a seasonally-adjusted, annualized basis. Purchasing power is its highest in more than a year — […]

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US home sales rebound slightly in February

WASHINGTON (AP) — Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months. Sales of existing homes rose 1.2 percent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still […]

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US existing-home sales tick up in February

Washington (AFP) – US existing-home sales rebounded slightly in February but gains were held back by higher prices, the National Association of Realtors said Monday. Total sales of used homes rose 1.2 percent to an annual rate of 4.88 million units in February, led by sales of single-family homes, the largest part of the housing […]

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Thinking of Buying a Home? Start Saving Now

They say your home is your castle. If you’ve been renting your castle and dreaming of owning a home, you aren’t alone. Homeownership rates have tumbled to a 20-year low — 63.9 percent in the wake of the Great Recession — as financial issues including unemployment, underemployment, student loan debt and tight credit conditions have […]

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Realtor.com teams up with local associations to help new agents

Realtor.com operator Move Inc. is teaming up with local Realtor associations to let new agents know what tools the portal can offer to help them get their careers in real estate off the ground. Move introduced “new agent success kits” co-branded with local associations at the NAR Association Executives Institute in Vancouver last week. “Realtor.com’s […]

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Podcast: Guess who’s buying homes?

Transcript Mark Hamrick: From Bankrate.com, this is “Your Money This Week.” I’m Mark Hamrick in Washington. Millennials: They’re the future. And a new study by a major trade group finds that they’re playing an important role in the housing market, perhaps a bigger role than many have previously given them credit. But why aren’t they […]

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Sales of Existing U.S. Homes Are Short of Last Year's Pace

(Bloomberg) — The real-estate market in the U.S. has gotten off to an inauspicious start in 2015, with sales falling short of last year’s pace as a dearth of properties drives prices up. Purchases of existing homes rose 1.2 percent in February to a 4.88 million annual rate from January’s nine-month low of 4.82 million, […]

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U.S. homes sales up marginally; supply a constraint

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to […]

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