After a busy few months, home sales flatten in November 2017

After a stronger-than-expected surge through much of the fall season this year, homebuyers took a break in November. Signed contracts to buy existing homes were flat for the month, up just 0.2 percent from October, according to the National Association of Realtors’ seasonally adjusted monthly index of pending home sales. The index was 0.8 percent higher … Continued

Homebuilder confidence hits highest level in 18 years in December

Confidence among the nation’s homebuilders jumped unexpectedly in December on expectations for a stronger economy. A monthly reading of homebuilder sentiment rose 5 points to 74. This is the highest reading since 1999. Fifty is the line between positive and negative sentiment on the National Association of Home Builders’ index. November’s reading was revised lower … Continued

Home Prices Are Dropping: How Far Are They Falling?

Home buyers pinching their pennies should rejoice: Existing-home prices are continuing to drop. Sorry, sellers! The median price of an existing home (i.e. one that has previously been lived in) fell 0.24% from September to hit $247,000 in October, according to the most recent National Association of Realtors® report. And as cash-strapped would-be buyers are well … Continued