Monthly Archives: March 2018

February New-Home Sales Slog

New-home sales again slogged in February, with sales of new, single-family homes down 0.6 percent to 618,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $376,700, while the median was $326,800. New-home listing inventory was 305,000—5.9-months supply. “New-home sales are at a […]

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The Markets That Are Millennial-Ready: Report

The generation with the highest influence in the market is millennials—and, according to a new report, the cities most popular for them are in the Mid-Atlantic and Midwest. Analysts assessed data from LendingTree about millennial mortgage inquiries and offers in the past year, determining that Buffalo, Des Moines and Pittsburgh contained the most borrowers from […]

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Housing Provisions Approved in Government Spending Bill

A massive $1.3 trillion, 2,232-page spending bill—which is set to keep government agencies operating through September—has been approved by the House and Senate. The House approved the bill Thursday with a 256-167 vote; members of the Senate approved the bill in a 256-167 vote on Friday. President Donald Trump tweeted concerns and possible plans to veto the […]

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Low Inventory, Rising Rates and a Bustling Spring Market

Spring is here, and, with it, a busy home-buying and -selling season. While real estate markets can vary widely by region, housing is currently seeing similar developments across the country. The Kiplinger Letter, an online source for personal finance advice and business forecasts, recently shared spring market trends. According to Kiplinger’s David Payne, staff economist, […]

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Buyers Confronting ‘Perfect Storm’: Trulia

First-time homebuyers are in for it this spring, with an all but depleted inventory at their price point, according to the Q1 2018 Inventory and Price Watch from Trulia. Their challenges, however, are more than scarcity. “First-time homebuyers face a perfect storm this spring,” says Cheryl Young, senior economist at Trulia. “Affordable, move-in ready starter […]

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Fed Hikes Rates—How Many More Are to Come?

The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times, rollercoaster—run. “In view of realized and expected labor market conditions and inflation, […]

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Exactly How Big Is the Military Market?

The following information is provided by the Center for REALTOR® Development (CRD). Current and former military are a huge demographic segment in the U.S. According to the most recent Demographics Report (2015) from Military OneSource, prepared for the U.S. Department of Defense (DoD) across active duty and reserve populations, there are 2.1 million military personnel. […]

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