U.S home construction surged in April to its highest pace. price gains in the first half of 2013. Sales of existing homes moved at a yearly clip of 4.59 million in March, down from 4.6 million in.
He projects that sales will decline 2 percent this year after predicting, at the start of the year, for a small increase over 2013. “Housing is a victim of its own success,” Yun said. “It’s just that.
Price growth slowed to 4.3 percent in January, according to the Case-Shiller home price index, signaling the 10th straight month of declines nationally. This among other factors such as low mortgage rates and higher inventory levels may leave home with a distinct advantage this coming spring.
While homes are still selling near a record-fast pace, there are some signs competition is waning. For the first time since March 2015, the share of homes that sold above asking price declined year over year- albeit slightly- from 26.5 in July 2017 to 26.2 percent last month.
Home listing growth accelerates to near 4-year high.. "Now that price growth has slowed down and more homes are sitting on the market, buyers will have the upper hand in 2019," Redfin Chief Economist Daryl Fairweather said in the report.. redfin showed home price growth slowing to an.
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In May, 16.5% more homes were for sale than at the same period last year. While inventory growth brought the total number of homes for sale to new highs, the pace of growth was the slowest since.
Sales of previously owned U.S. homes probably eased in January. at 10 a.m. in Washington. Bloomberg survey estimates ranged from 4.7 million to 5.1 million. At 8:30 a.m., Labor Department figures.
The King County median price of single-family homes was down year-over-year in May, the third month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this week, the rate of increase is rapidly declining from the all-time high set in December.
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In Atlanta, price growth is stronger and homes are selling faster than they are in the U.S. overall, trends explained in part by the surge in people looking to move inland. atlanta area home prices were up 4.8 percent annually to a median of $229,900 in January, marking nearly seven years of growing prices.