Home Prices

HOME Survey: Housing and Economic Outlook Remains Steady in Second Quarter of 2018

WASHINGTON/ June 21, 2018 (STLRealEstate.News) — New findings from the National Association of Realtors® show that a high number of Americans, 75 percent, believe that now is a good time to sell a house, while 68 percent think it is a good time to buy. That’s according to NAR’s second quarter Housing Opportunities and Market … Continue reading HOME Survey: Housing and Economic Outlook Remains Steady in Second Quarter of 2018

Manhattan Sales Inventory Rises at Fastest Pace on Record

NEW YORK/June 21, 2018 (STLRealEstate.News) — Home prices and sales inventory spiked in May, with inventory across the city reaching all-time highs, according to the May 2018 StreetEasy Market Reportsi. While sales inventory often peaks in May amid home-shopping season, this year set new records. Inventory in Manhattan rose 16.7 percent compared to last year, … Continue reading Manhattan Sales Inventory Rises at Fastest Pace on Record

LendingTree Reveals How Your Neighbors Are Utilizing Equity in Their Homes

CHARLOTTE, N.C./ June 18, 2018 (STLRealEstate.News) — LendingTree®, the nation’s leading online loan marketplace, today released its study on the top uses of home equity loans by city. LendingTree assessed home equity loan requests since the start of 2018 to reveal the primary reasons borrowers are utilizing the funds and compared the data across cities … Continue reading LendingTree Reveals How Your Neighbors Are Utilizing Equity in Their Homes

National Association of Realtors® Infographic: Housing Market Movers – Baby Boomers

WASHINGTON/ June 14, 2018 (STLRealEstate.News) — In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association of Realtors®’ 2018 Profile of Home Buyer and Seller … Continue reading National Association of Realtors® Infographic: Housing Market Movers – Baby Boomers

Sales of single-family homes down in April

WARWICK, R.I./May 25, 2018 (AP)(STLRealEstate.News) — Rhode Island home prices continue to rise as the number homes on the market declines. The Rhode Island Association of Realtors said Friday that the median price of a single-family home in the state was up 10 percent in April when compared to the year-ago month, while there was … Continue reading Sales of single-family homes down in April

Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

WASHINGTON/ May 14, 2018 (STLRealEstate.News) — Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in the first quarter was $245,500, which … Continue reading Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

US key mortgage rate steady at 4.55 percent

WASHINGTON/May 10, 2018 (AP)(STLRealEstate.News) — The key long-term U.S. mortgage rate held steady this week, providing a lure for potential homebuyers as the spring buying season goes forward. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.55 percent, unchanged from last week. The benchmark rate rose steadily for most … Continue reading US key mortgage rate steady at 4.55 percent

Condemned Northern California house sells for $1.23 million

FREMONT, Calif./April 19, 2018 (AP)(STLRealEstate.News) — A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price tag that highlights how a housing shortage is fueling skyrocketing home prices in the San Francisco Bay Area. Listing agent Larry Gallegos said Wednesday he received … Continue reading Condemned Northern California house sells for $1.23 million