Pending sales down in Aug. as inventory shrinks (9/29/2016)
NAR: Low supply has “taken the wind out” of housing market momentum, and more buyers are wavering at steeper home prices or disheartened by the competition.
Case-Shiller: Home prices climbed again in July (9/27/2016)
U.S. home prices rose 5% year-to-year, though much of the upward pressure came from Pacific Northwest cities where home prices rose over 10% in one year.
New home sales decline 7.6% in August (9/26/2016)
The drop was expected after July broke a nine-year record, experts said – and year-to-year, new home sales rose 20.1%.
Fla.’s housing sales, median prices rise in August (9/22/2016)
Single-family sales up 8.2% year-to-year, median price ($225,000) up 12.6%. Condo sales up 3.3%, median price up 6.7%. NAR: Tight inventory, rising prices impacted total U.S. home sales in Aug.: Down 0.9% from July, up 0.8% year-to-year.
NAR: Tight inventory slows August existing-home sales (9/22/2016)
Home construction slumps in Aug. (9/20/2016)
Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to drop 5.8% - the lowest level in three months.
U.S. homebuilder sentiment hits one-year high (9/19/2016)
New-home builders have a rosy outlook about the future based on current trends and their projections for 2017. The monthly index rose 6 points to 65.
How hurricanes affect the home market (9/12/2016)
Prepping for hurricane season involves processes before, during and after a storm reaches land. Assess insurance coverage before a hurricane hits, for example.
Home Purchase Sentiment Index retreats slightly, but gradual upward trend continues (9/7/2016)
Fannie Mae’s index fell 1.5 points in Aug., but is up 4.2 points from a year ago. But consumers’ continue to demonstrate a positive 12-month housing outlook.
NAR: Pending home sales tick higher in July (8/31/2016)
The Pending index hit its second-highest reading in almost a decade, but with too-few listings, “buyers still have few choices and little time” to act.
Case-Shiller: Slowdown in home price gains (8/30/2016)
Home prices rose 5.1% in June, but in some U.S. cities, the rise simply matched inflation. Most double-digit price increases occurred in the Pacific Northwest.
Fla.’s housing market: Higher median prices in July (8/24/2016)
The median single-family home price ($223,238) rose 11.6% year-to-year and condo prices rose 6.8%. NAR: Challenged by low supply, July U.S. home sales lost momentum and declined 1.6% year-over-year – the first drop since Nov. 2015.
NAR: Existing-home sales lose steam in July (8/24/2016)
NAR: Home-price gains unfettered in most metros during 2Q (8/10/2016)
Fla. housing’s median prices, new listings up in 2Q (8/10/2016)
Single-family home median price up 10% year-to-year; condo median price up 5.2%; new listings rise in both sectors. NAR: Median prices show gains in most metros in 2Q - national single-family home median price up 4.9%.
NAHB: Demand strong in the 55+ market (8/5/2016)
AHB chief economist: “Much like the overall housing market, this quarter’s 55+ HMI results show that this segment continues its gradual, steady recovery.”
NAR: Pending home sales marginally rise in June (7/27/2016)
NAR: Index inched 0.2% higher to 111.0 in June – 1% more than a year ago. Supply and affordability constraints hampered activity despite very low mortgage rates.
U.S. home prices rise at steady pace as sales heat up (7/26/2016)
Case-Shiller: In May, the 20-city home price index rose 5.2% year-to-year due to rising sales and a dwindling supply. The index is just 8.8% below its 2006 peak.
NAR: Existing-home sales up again in June, first-time buyers provide spark (7/21/2016)
Fla.’s housing market: Rising median prices in June (7/21/2016)
Single-family home median price of $225,000 is up 10.8% year-to-year; condo median price up 8.6%. NAR: Sparked by more first-time buyers, U.S. home sales up 3% over June 2015 and 1.1% over May’s sales.
What moms want in a house (7/18/2016)
Years ago, it was square footage and a yard; now, families’ wish lists include open floor plans, garage access, built-in storage, a ‘mud room’ and an office nook.
NAR: Pending sales slow a bit in May (6/29/2016)
After steady increases for three straight months, pending home sales eased in May. The drop is small year-to-year, but it’s the first decline in almost two years.
NAR: Existing-home sales up – highest pace in over nine years (6/22/2016)
Fla.’s median prices, sales, listings rise in May (6/22/2016)
Single-family home median price up 9.2% year-to-year; condo median price up 4.4%; sales, new listings also rise. NAR: U.S. home sales at highest pace in over 9 years - up 4.5% over May 2015 and 1.8% over April’s sales.
NAR: Pending home sales at a 10-year high (5/26/2016)
Consumers are buying homes. NAR’s monthly gauge of homes under contract rose for the third straight month in April to a level not seen since Feb. 2006.
Fla.’s housing market: Median prices, new listings rise in April 2016 (5/20/2016)
Single-family home median price up 9.2% year-to-year; condo median prices up 4.4% with more new listings in both markets. NAR: U.S. home sales up 6% over year ago.
NAR: Existing-home sales rise in April for 2nd straight month (5/20/2016)
Fitch: New-home sales should go up 14.6% this year (5/12/2016)
After “a solid spring,” builders should complete 2016 with 11.5% more single-family home starts and 14.6% more sales, according to the financial industry analyst.
Metro home prices maintain steadfast growth in 1Q (5/9/2016)
Fla.’s housing market: Median prices, new listings up in 1Q 2016 (5/9/2016)
Single-family home median price of $203,500, up 11.8% year-to-year; condo median price up 5.5%. NAR: Most U.S. metros show higher median prices from year ago.
In 9% of U.S. markets, an all-cash sale costs more (4/28/2016)
RealtyTrac: In Southwest Fla., cash buyers in two local housing markets paid more for listings than buyers taking out a mortgage – a possible sign of a peak.
Pending home sales up a bit in March (4/27/2016)
Pending home sales increased slightly in March for the second consecutive month, reaching its highest level in almost a year, according to NAR.
NAR: Existing-home sales spring ahead in March (4/20/2016)
Fla.’s housing market: New listings, median prices rise in March (4/20/2016)
State’s single-family home median price rose 10.3% year-to-year; condo median prices are up 3.3% with more new listings in both markets. NAR: U.S. home sales bounced back 5.1% in March.
Study: Little chance Fla. home prices will drop (4/12/2016)
The likelihood of a price decline over the next two years is negligible, according to the Arch MI. Only U.S. states with energy industries have a marginal risk.
Fla. cities at top of luxury home list (4/12/2016)
In a nationwide list of home sales worth over $5M, Fla. has 5 cities in the top 20 list; for home sales over $10M, Fla. has 7 cities with most in South Fla.
How much do local disasters disrupt the market? (4/6/2016)
Gas leaks and localized disasters can send real estate markets into a tailspin. A RealtyTrac study found that a Calif. gas leak caused nearby sales to drop 44%.