December had the most significant year-over-year decline for housing inventory in almost three years, with a notable 12% decline. It pushed the amount of homes for sale in the U.S. to its lowest level since January 2018, in accordance with the December 2019 Housing Trends report released by ... » Learn More about Inventory of homes at lowest levels
Home Ownership
Slowdown in the Home-Price Increase
In accordance with the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic, October 2019 saw an annual increase of 3.3% for home prices throughout the country, which happens to be up from the previous month’s pace. Slowdown in the Home-Price ... » Learn More about Slowdown in the Home-Price Increase
Pending Home Sales Up
Pending home sales increased in November, rebounding from the prior month’s decline, in accordance with the National Association of Realtors® (NAR). The West region reported the largest growth in November, while the other three major U.S. regions saw only marginal variances in month-over-month ... » Learn More about Pending Home Sales Up
December 2019 RE/MAX Housing Report
The December 2019 housing report uses the numbers for November 2019. While December 2019 home sales increased by a whopping 13.5%, the median sales price also skyrocketed 11.1% from December 2018 to be $266,000.00. Having 54 days as average time on market, which is only down 1 day from December ... » Learn More about December 2019 RE/MAX Housing Report
Rates on Mortgages Ease – 30-Year at 3.72%
U.S. long-term rates on mortgages declined slightly this week, remaining close to the historically low levels where they have hovered over the past 60 days. Rates on Mortgages Ease - 30-Year at 3.72% Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year ... » Learn More about Rates on Mortgages Ease – 30-Year at 3.72%
