According to the National Association of REALTORS, existing home sales went up another 4.2% in May, with prices increasing into double digits over last year. To read the entire article and watch NAR Chief Economist Lawrence Yun explain the situation and what to expect moving forwards: please click here.
According to RealtyTrac, pre-foreclosure filings are down 39.6% over the prior year. Click here to read more at www.realtytrac.com
According to the National Association of Home Builders’ (NAHB) Eye on Housing, single family, multi-family, and home improvement spending is UP! Click here to read the rest of the article!
Posted in Real Estate Industry News 
Tags: homes, houses, housing market, NAHB, news, real estate industry news, Real Estate News, single family 
No Comments » According to the National Association of Home Builders (NAHB), newly built single family homes sales are up for the third straight month – up 2.1% in May. According to Rick Judson, NAHB chairman, buyers are taking advantage of the still-low interest rates.
Will interest rates begin creeping up? What is the Fed’s economic strategy? Click here to read the full article!
Higher mortgage loan amounts and lower interest rates for energy efficient properties? It is a possibility with the new bill introduced in the Senate last week! Click here to read the entire article!
Backyard cottages and accessory dwellings are on the rise as we pack more people into the urban landscape. Click here to read all about it!
Mortgage Applications Drop – but what is the full story? The Wall Street Journal reported that mortgage applications dropped 9% last week, but that doesn’t mean that the housing market is cooling. This drop was fueled by rising interest rates (up to 3.9% this past week – the highest since May of 2012) and a […]
The National Association of REALTORS® released an infographic this week on their average member profiles. One interesting statistic: the average agent earned 21% of his or her business through repeat clients and 21% through past client and customer referrals. How do your stats stack up?
The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for April. The index shows that there have been declines overall, but after sharp increases it was nice to see the price of lumber finally coming down. The recovery has not been kind to the price of lumber and this recent decline could […]
Posted in Motivation & Planning, Real Estate Industry News Tags: builders, cost, housing market, industry, Market, news, price, Real Estate Market No Comments »
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