South Leads Drop in Existing Home Sales
Although the number of residential properties sold last month was the highest in years, the annual rate was still lower. The South had the biggest impact on national sales.
Completed New Construction Highest Since 2007
The volume of building permits was the highest it's been in two years. Even more impressive was completed construction, which soared to the highest level in nearly a decade.
Builder Confidence Deteriorates Again, South Most
For the second month in a row, confidence among the country's home builders weakened. Leading the latest decline were builders in the South.
3rd Consecutive Month of Falling Pending Home Sales
A frustratingly persistent shortage of inventory in the market for pre-owned single-family properties helped drive down pending sales for the third consecutive month.
Real Estate Economist Optimistic About Millennials
The chief economist of Stewart Title is optimistic about the U.S. economy, the impact of rising interest rates and millennials.
5 Highest Appreciating Home Markets Include 3 Ds
Although two cities located in the Northwest consistently top the list of areas with the fastest-rising home values, a trio of D-cities recently rounded out the top five.
Ugly House Buyer Deceives Investors
The guilty plea of a former franchise owner of We Buy Ugly Houses has prompted the company to issue a statement condemning the real estate fraud.
South, West Drive Up U.S. Home Sales
A surge in new home sales in the South and the West was enough to offset a plunge in residential sales in the Northeast and Midwest.
Record Prices, Market Time as Existing Home Sales Up
Monthly sales of pre-owned residential properties rose. Record prices are being paid for existing homes as properties fly off the market. Time on market was a record low.
Completed Construction Up But New Activity Down
The completion of new housing units strengthened last month. But new construction slowed, and multifamily dragged down permits.