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Category Archives: Housing Trends
Existing Home Sales Plummet. The Reason is Simple.
Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. The plunge was expected. And not just because Pending Home … Continue reading
Posted in Housing Trends, Tax Credits
Tagged chandler, Existing Home Sales, First Time Homebuyer Tax Credit, Gilbert, mesa, phoenix, Scottsdale, Tax Credit, tempe
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Pending Home Sales Data Forecasts Higher Home Values Next Month
When a home seller accepts a contract on an MLS-listed property, the property’s status changes from “Active” to “Pending”. This means the home is scheduled to sell, but not yet sold. Each month, the National Association of Realtors® tallies the number of … Continue reading
New Home Supplies Plummet, Pressuring Home Prices Higher
The supply of newly-built homes fell to its lowest levels since 2006, offering additional proof of a housing market in recovery. Home supply is defined as the amount of time it would take to sell the current inventory of homes at the current pace … Continue reading
The Home Price Index Shows Home Values Increasing. Case-Shiller Agrees.
It’s official — home prices are no longer in free fall. According to the Federal Housing Finance Agency, the Home Price Index posted its first quarterly increase since 2007 last quarter. The news was reported Tuesday. The Home Price Index is an … Continue reading
Existing Home Sales Blow Past Expectations
Another month, another piece of evidence that the housing market is in recovery. Existing Home Sales surged in October as the nation’s homebuyers took advantage of low mortgage rates, low list prices, and, for some, a generous tax credit. Home resales are 23 … Continue reading
Are There Any Foreclosure Deals Left?
For the eighth straight consecutive month, national foreclosure activity in the U.S. was dominated by a small set of states. As reported by RealtyTrac.com, more than half of October’s foreclosure-related activity came from just 4 states: California Florida Illinois Michigan … Continue reading
Posted in Housing Trends
Tagged arizona foreclosures, Foreclosures, Phoenix foreclosures
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Congress Expands And Extends The First-Time Home Buyer Tax Credit
Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The President signed it into law today. The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, … Continue reading
Posted in Economy, Housing Trends, Tax Credits
Tagged First Time Homebuyer Tax Credit, Tax Credit
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Pending Homes Sales Gain For The 7th Straight Month
Buoyed by a generous tax credit, affordable homes, and low mortgage rates, the Pending Home Sales Index posted its seventh consecutive monthly gain in August. It’s the longest winning streak in the index’s history and the highest reading in 2-1/2 … Continue reading
Posted in Housing Trends
Tagged Home Prices, interest rates, Mortgage Rates, Pending Home Sales
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The Housing Market Index Reaches A 16-Month High
According to home builders around the country, the housing market is looking good. Each month, the National Association of Home Builders releases its Housing Market Index report, a survey meant to “take the pulse of the single-family housing market”. Respondents … Continue reading
Why Home Prices Are Almost Certain To Rise This Fall
In what’s becoming a regular occurrence, housing data blew away economists expectations Tuesday. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 6th consecutive monthly gain in July. After a meteoric rise that started … Continue reading
