Real estate agents play an important role for buyers and sellers

Real estate agents play an important role for buyers and sellers

Agent, therapist, confidant and teacher. These are all words that homebuyers and sellers in the U.S. have used to describe their real estate agent according to new information. A survey from Century 21 reveals that a majority of people value and confide in their agents more than a therapist and know...

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Lack of housing impacting job growth in some regions

Lack of housing impacting job growth in some regions

The ripple effects of the ongoing housing shortage are far and wide. A new report from The National Association of Realtors shows that the anemic supply of homes for sale on the market has impacted the rate of job growth in many areas. This is particularly true in hot housing markets where the short...

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New homes sizes shrinking

New homes sizes shrinking

Countering the trend seen over the last several years, new data on home construction shows that the size of new homes being built are getting smaller. Average square footage has seen a steady increase post-recession but as construction costs began to climb over the last few years, growth has plateau...

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Pending home sales driven high by activity in the West

Pending home sales driven high by activity in the West

Pending home sales climbed 1.2 percent in November from the previous month according to new report from the National Association of Realtors. This is a rebound after two consecutive months of declines. The Pending Home Sales Index tracks home sales that have not yet closed but where contracts to pur...

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Home-price growth expected in 2020

Home-price growth expected in 2020

Moderate growth in home prices is expected to continue into 2020 according to a new forecast. Data from VeroFORECAST projects growth in the nation’s 100 largest housing markets by as much as 3.9 percent this year. This is up slightly from the 3.7 percent predicted during the first three quarters of...

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Mortgage debt hits record high in 2019

Mortgage debt hits record high in 2019

The level of mortgage debt Americans are carrying reached a record high in Q3 2019 of $15.8 trillion. According to LearnBonds.com, this is the highest level since the peak of the economic crisis in 2008 when debt levels stood at $14.7 trillion. Mortgage debt has steadily climbed since the Great Re...

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Home values reached new record

Home values reached new record

Homeowners in the U.S. were given some positive news last week as new data shows they are sitting on more real estate wealth than ever. According to a new report from the Federal Reserve, the value of all U.S. owner-occupied homes increased to an all-time high of $29.2 trillion as of the third quart...

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Housing inventory slips to 2-year low

Housing inventory slips to 2-year low

A steady job market, wage growth and favorable mortgage rates are firing up the housing market this winter. The one setback appears to be that the steady stream of buyers have no place to move to. A report from Realtor.com shows that housing inventory nationwide in December fell to its lowest point...

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Bidding wars decline to 10-year low

Bidding wars decline to 10-year low

Demand for homes is still high but competition for them appears to be cooling. Just nine percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in December. This is down from 12 percent a year earlier and the lowest volume since 2009. The story was q...

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Demand for new homes expected to remain high

Demand for new homes expected to remain high

After plummeting to anemic levels during the Great Recession, housing production struggled throughout much of the last decade to keep up with demand. As the economy recovered and people began returning to the housing market, new home building failed to make a timely comeback. Despite the setback, h...

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