WASHINGTON (AP) — Americans rushed to buy new homes in December at the strongest pace in 10 months, with 2015 marking the strongest year for this segment of the housing market since 2008.
The Commerce Department said Wednesday that new-home sales surged 10.8 percent last month to a seasonally adjusted annual rate of 544,000. It was the third consecutive monthly gain since sales collapsed in September. The increase nearly pulled the sales rate even with the level of 545,000 in February 2015 and points to continued momentum for real estate and construction in the opening months of this year.
2. That house has sold. No, seriously, it’s gone - Friday, January 22, 2016
The spring selling season will descend upon the Nashville area in the next few weeks, and buyers are elated.
Try as they may, it seems impossible for Realtors to convince their buyers that they are actually at work scouring new listings on MLS, joining Facebook “coming soon” groups, networking, hanging out at divorce courts and funeral homes – even sending mailers to everyone living in the Munford area of town.3. Single-family houses fuel gains in US homebuilding in July - Friday, August 14, 2015
WASHINGTON (AP) — U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.
Housing starts in August rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. Construction of single-family houses accounted for all of the gains, shooting up 12.8 percent last month to the highest rate since December 2007.4. Outbid on your dream house? Just wait for deal to fall through - Friday, August 07, 2015
The real estate market remains frenzied with every passing week, with multiple-offer scenarios on numerous listings. As has been noted in this column, these spontaneous sales have often led to buyer’s remorse and, as a result, more terminated contracts than ever before.5. Why your rent will rise again this year - Friday, April 10, 2015
LOS ANGELES (AP) — Living in an apartment? Expect your rent to go up again.
Renting has gotten increasingly expensive over the last five years. The average U.S. rent has climbed 14 percent to $1,124 since 2010, according to commercial property tracker Reis Inc. That's four percentage points faster than inflation, and more than double the rise in U.S. home prices over the same period.6. One (day)-and-done home sales drive buyers nuts - Friday, April 03, 2015
With the dismal winter behind us, and trees beginning to glow with greenery, many are hoping the spring will sprout some listings.
In the past few months, the lack of inventory and the market’s avaricious appetite have driven frustrated buyers to the point of anger. March Madness has a new meaning with buyers at wit’s end.7. Home construction slips in January - Friday, February 13, 2015
WASHINGTON (AP) — U.S. homebuilders slowed the pace of construction in January, breaking ground on fewer single-family houses ahead of the spring buying season.
Housing starts slipped 2 percent to a seasonally adjusted annual rate of 1.07 million last month, down from 1.09 million in December, the Commerce Department said Wednesday.
8. US home sales rise in December - Friday, January 23, 2015
WASHINGTON (AP) — More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses.
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. But over the course of the entire year, sales fell 3.1 percent to 4.93 million.
9. How lower oil prices could fuel more hiring in US - Friday, January 09, 2015
WASHINGTON (AP) — In June, when oil cost $107 a barrel, U.S. employers added a healthy number of jobs — 267,000. Now, with oil below $50, hopes are rising that hiring in the United States is poised to intensify.10. Why areas with good jobs have hard-to-afford homes - Friday, December 05, 2014
WASHINGTON (AP) – It's the new career trade-off: Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers.11. US homebuilder sentiment rallies in November - Friday, November 14, 2014
WASHINGTON (AP) — U.S. homebuilders' confidence rebounded in November as both sales expectations and buyer traffic improved.
The National Association of Home Builders/Wells Fargo index rose to 58 this month, up from 54 in October. That puts the index just short of September's reading of 59, which was the highest level since November 2005, shortly before the housing bubble burst.
12. US pending home sales rise modestly in September - Friday, October 24, 2014
WASHINGTON (AP) — The number of Americans signing contracts to buy homes ticked up only slightly in September, as it remained difficult to qualify for mortgage financing.
The National Association of Realtors said Monday that its seasonally adjusted pending home sales index rose 0.3 percent over the past month to 105. The index remains half a percentage point below its 2013 average, although 1 percent higher than a year ago.13. US new-home sales close to flat in September - Friday, October 24, 2014
WASHINGTON (AP) — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.
New-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August sales rate to 466,000 from 504,000.14. School spending by affluent is widening wealth gap - Friday, September 26, 2014
WASHINGTON (AP) — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they'll count the ways:
Preschool can lift children from poverty. Top high schools prepare students for college. A college degree boosts pay over a lifetime. And the U.S. economy would grow faster if more people stayed in school longer.15. Volatile apartment sector reduces US home building - Friday, September 12, 2014
WASHINGTON (AP) — U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.16. Zillow buying Trulia in $3.5 billion stock deal - Friday, July 25, 2014
NEW YORK (AP) — Real estate website operator Zillow is buying competitor Trulia in a $3.5 billion all-stock deal.
Trulia's stock rose more than 14 percent in Monday premarket trading, while Zillow's stock fell more than 3 percent.17. Study: US millennials buying homes later - Friday, July 11, 2014
WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales.
They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real estate firm. After adjusting for these population changes, younger Americans are actually buying homes at the same rate as they did during the late-1990s.18. A fading middle-class perk: lower mortgage rates - Friday, April 25, 2014
WASHINGTON (AP) — For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.
Now, even that perk is fading away.
Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more.19. US home market: Few buyers and not enough sellers - Friday, April 04, 2014
WASHINGTON (AP) — Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.20. Improving US home market is still facing obstacles - Friday, March 28, 2014
WASHINGTON (AP) — Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.21. Re/Max surges in 1st day of trading on the NYSE - Friday, September 27, 2013
NEW YORK (AP) — Shares of Re/Max jumped in the real estate brokerage's first day on the New York Stock Exchange.
The shares added $4.82, or 21.9 percent, to $26.82 in midday trading after rising as high as $26.95 earlier.22. US 30-year mortgage rate at 2-year high: 4.46 pct. - Friday, June 28, 2013
WASHINGTON (AP) — U.S. mortgage rates have suddenly jumped from near-record lows and are adding thousands of dollars to the cost of buying a home.
The average rate on the 30-year fixed loan soared this week to 4.46 percent, according to a report Thursday from mortgage buyer Freddie Mac. That's the highest average in two years and a full point more than a month ago.23. 4th & Monroe rebirth boosts Germantown - Friday, April 26, 2013
Nashten, LLC is invading Nashville. This venture, allegedly consisting of a two-headed partnership, has purchased the condominium development at 4th and Monroe in Germantown, which is conveniently located at 4th and Monroe.24. US homes sales highest in more than 3 years - Friday, March 22, 2013
WASHINGTON (AP) — U.S. sales of previously occupied homes rose in February to their fastest pace in more than three years, and more people put their homes on the market. The increases suggest a growing number of Americans believe the housing recovery will strengthen.25. Competition trumps ‘comps’ in hot market - Friday, March 22, 2013
In the not-so-distant past, a buyer found a house she liked and let her desires be known to her Realtor. That Realtor would then, in most cases, research comps for her client in order to determine what the property should command.26. US home prices rise in August at faster pace - Friday, October 26, 2012
WASHINGTON (AP) — Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.27. What’s worth more, the house or the land? - Friday, October 19, 2012
Happy days are here again for developers, renovators and, as a result, sellers in various areas around town, including 12South, Hillsboro Village, Hillsboro West End, Green Hills, Belle Meade Highlands, Forest Hills, Oak Hill, Sylvan Park, East Nashville and a few other pockets. Owners there can now sell their houses for more than they are worth.28. Finding the right home in the palm of your hand - Friday, September 28, 2012
It wasn’t that long ago that your first move in looking for a new house involved picking up the Sunday newspaper and circling some promising prospects. Of course, by the time you connected with the appropriate agent, many of those listings could be gone.29. US stocks follow global markets lower - Friday, September 14, 2012
NEW YORK (AP) — A batch of worrying economic figures tugged stock markets down Thursday. Measures of manufacturing and business activity in both China and Europe slumped.
In the U.S., the railroad Norfolk Southern warned that it's shipping fewer goods, and the government gave investors another reminder that the job market remains weak.30. Trulia files for $75M initial public offering - Friday, August 17, 2012
NEW YORK (AP) — Trulia Inc., which operates the real estate website Trulia.com, on Friday filed for an initial public offering that could raise up to $75 million.31. Conflicting statistics confusing for buyers - Friday, March 23, 2012
There has been great hubbub in the real estate industry concerning the syndication of the listings found in local multiple listing services. In this area, Realtracs provides the multiple listing service (MLS).32. Gullibility is keeping Internet scammers busy - Friday, October 07, 2011
Craigslist provides an outlet for almost everything, from real estate to lingerie and all the materials necessary to fill both or either. The Craigslist visitor may buy or lease, hire or fleece and, according to a CNN documentary, the founder and president worried more about the transaction fee then the legality of the transaction.33. Apps, social media enhancing real estate business - Friday, February 04, 2011
From seasoned veterans to young agents, smart phone technology enables real estate professionals to work from virtually anywhere.
But with new applications incessantly hitting the market, it can be a challenge to keep up with the latest trends.