Pending sales of homes in Ohio rose 16 percent in July compared with July 2011, another sign the housing market is growing stronger, a trade association said Wednesday. Ohio’s July Pending Home.
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Denver epitomizes the slowdown taking hold this year in the nation’s housing market as mortgage rates climb, home prices rise and the new tax law. Nationally, existing home sales were down 2.1.
Pending home contracts become sales after a month or two, and last month’s increase suggested further gains in home resales, which reached an 8-1/2-year high in July. Economists had forecast.
Growth in both apartment and villa sales prices slipped back into negative territory at the beginning of 2015, for the first time in three years. According to Asteco, a major real estate. rise in.
Raleigh permits were up 23 percent over the first half of the year, while Cary’s were up 10 percent. Thus far the increase in permitting activity has not translated into an uptick in the number of new homes listed for sale in the Triangle. There were 1,456 new homes on the market in July, down 26 percent from the same period a year.
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SoCal housing market shows signs of life, with a caveat: report Hoards of millennials, working poor, and homeless people are praying for a california housing market crash, but prices have only leveled or dropped a little. With such strong demand driving the whole California housing market it’s unlikely a crash will happen.
Miami single-family home transactions surged 10.2 percent year-over-year in July 2015, from 1,229 to 1,354. Existing condominium sales increased 4.8 percent, from 1,403 to 1,471, which is noteworthy considering the continued rise of Miami pre-construction condo sales.
In July 2017, there was a 4 percent sales dip, but strong demand pushed the median house price up by nearly 3 percent, to $270,000. Condo sales in August were up 11 percent, with 205 sales, and the median condo sales price was up 10 percent, to $220,000.
Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ Westpac will defend federal court proceedings commenced by ASIC in relation to a number of home loans entered into between December 2011 and March 2015, including specific allegations made by ASIC regarding seven loans. The court action does not concern Westpac’s current lending policies or practices.
Single-family home inventory declined 8.5 percent from 1,763 in 2015 to 1,613 listed homes in 2016, while condo inventory fell 24 percent from 96 in 2015 to 73 listings in 2016. Overall in 2016 housing sales are up, with year-to-date home sales at 3,812, an increase of one percent over the 3,772 closings for the same period last year.
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We expect existing home sales to increase to about 5.15 million units (SAAR) in September, up 2.1 percent from August. The expected increase in existing home sales is driven by the combination of strong pending home sales in July and weak existing home sales in August.