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STATE OF THE US HOUSING MARKET: More data shows that rising house prices won’t last — the dip is coming

According to the CoreLogic Home Price Index Report, national home prices saw a year-over-year increase of 5.4% in May — up from a 3.6% gain in April 2019. CoreLogic attributes the growth to a decrease in housing supply because of the pandemic. “Tight supply and pent-up demand, particularly among millennials, provides optimism for a bounce-back in […]

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Tight supply, rising prices weigh on US home sales

U.S. home sales unexpectedly fell for a second straight month in January. Existing home sales last month were weighed down by a persistent shortage of houses that is pushing up prices and keeping first-time buyers out of the market. U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than […]

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Tight supply, higher prices weigh on U.S. home sales

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting […]

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US: Hottest Housing Markets for 2016

Housing experts predict U.S. home value growth around 3.5 percent this year. But which markets are leading the charge? To determine the hottest real estate markets for 2016, we looked at the Zillow Home Value Index (ZHVI) Forecast, recent income growth and current unemployment rates. These variables were scaled and combined equally to form a […]

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Will Chinese buyers flee or flood US housing?

Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into […]

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US:How Healthy Is Housing?

For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]