Existing Home Sales Drop on Inventory Shortage
The sale of pre-owned homes weakened last month and were down on a year-over-year basis for the second month in a row. Inventory shortages were blamed.
West Drives Down U.S. New Home Sales
New home sales declined last month even though volume was only down in the West. But experts still see strength in the market.
World's Biggest Real Estate Agent
A real estate agent out of North Texas has made it into the Guinness Book of World Records thanks to a phenomenal sales record.
Apartments Hurt Permits, New Construction
Despite an increase in single-family volume, a decline in multifamily permits and new construction pulled the overall numbers down. But completed multifamily construction jumped.
Builder Confidence Rises 1st Time in 5 Months
For the first time in five months, the nation's home builders felt more confident about conditions in the new home market. Current sales conditions were behind the improvement.
Multifamily Market Poised for Tumble?
As the housing market has fitfully struggled through a decade-long recovery, homeownership rates fell to a 40-year low, and have not yet recovered to their historical level of 64 percent. Unsurprisingly, the number of renters has soared to an all-time high during this period of time.
Pending Home Sales Up, But Northeast Tumbles
With the South leading the way, national pending home sales moved up last month. But weather conditions were blamed for a big drop in the Northeast.
West to Continue Leading Home Price Gains
Home prices in western areas have led national home values higher. Over the next year, the West is expected to be out front of national gains -- which are predicted to weaken.
West Drives New Home Sales to Post-Crisis High
Fueled by the West, the number of new homes sold last month was more than during any month since the financial crisis. Sales in the Northeast, however, suffered.
Existing Home Sales Rise Again, NE Most
For the second consecutive month, the sale of pre-owned residential properties escalated. The biggest month-over-month gain was in the Northeast.