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2018 Profile of Home Buyers & Sellers

According to the NAR’s 2018 Profile of Home Buyers & Sellers, single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home.  That being said,...
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Existing Home Sales Down 1.5% from 2017

According to data recently released by the National Association of Realtors, existing home sales remained steady in August after four months of decline.  However, they also report that sales are down 1.5% from one year ago.  There were 1.92 million existing homes available for sale at the end...
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How Long Does it Take to Build a Single-Family Home?

The NAHB’s Eye on Housing recently took a hard look at building data from the U.S. Census Bureau and found that the average completion time of a single-family house is around 7.5 months – which normally includes about a month from authorization to start and then another 6.5...
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Rise of the Older, Single Female Home Buyer

More and more older single women are purchasing homes at an increasing clip.  This interesting aspect of potential homebuyers was recently reported by the Wall Street Journal and reposted by Realtor.com.  Interestingly, the article points out census data showing that, since 1981, single women over 55 have been...
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New Home Sales Up 6.7% in May

The U.S. government is reporting that sales of new single-family houses in May, 2018, were at a seasonally adjusted annual rate of 689k, which is 6.7% higher than April’s revised rate and 14.1% higher than May, 2017.  The median sales price of new houses sold in May was...
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