Tag Archives: Existing Home Supply

Case Shiller Price Index Shows Home Prices Are Still Increasing

Home prices are still rising, but at a slower pace according to the S&P Case-Shiller Home Price Indices for June. Home prices for the cities surveyed in the HPI rose by 12.10 percent on an annual basis as compared to May’s reading of 12.20 percent. This is the highest rate of monthly growth for home […]

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Pending Home Sales Slip In May

The housing market took a breather in April. After forging past its benchmark value of 100 in March, April’s Pending Home Sales Index dropped back to 95.5, its lowest reading of the year. The data suggests fewer home resales throughout Idaho and nationwide in the months ahead. A “pending home” is a home under contract […]

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New Home Sales Rise For 7th Month Out Of 8

The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold — its second-highest reading since April 2010. April 2010 […]

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Existing Home Sales Climb 3.4 Percent In April

Low mortgage rates are helping to make homes more affordable. It appears home buyers have taken notice. According to the National Association of REALTORS®, Existing Home Sales rose 3.4% in April from the month prior, registering 4.62 million homes sold on a seasonally-adjusted, annualized basis. An “existing home” is a home that’s been previously occupied. […]

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New Home Sales Revised Higher In February; Slip 7% In March

Sales of new homes ticked lower in March, unexpectedly. Based on Census Bureau data, the number of new, single-family homes sold in March slipped 7 percent from February — the largest one-month drop in more than a year. On a seasonally-adjusted, annualized basis, buyers in Idaho and nationwide purchased 328,000 newly-built homes last month. The […]

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Single-Family Housing Starts Slip 0.2% In March

Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the “new home” market. The report’s first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the three sections, it’s Housing Starts that gets […]

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Important Things to Know Before You Move

In Search of a New Residence A great first step in searching for a new home is to subscribe to the area’s local newspaper in advance of your move. It will usually contain a large real estate section, which can be very helpful in giving you some idea of the type of housing available in […]

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Can you afford another home

Every day hundreds of people struggle with the dilemma of what to do first… Sell their home and then buy one, or buy another home and then sell theirs. Each method has its own risks. However, there is usually one option that will work best. Take a look at a fairly traditional couple, Frank and […]

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Home prices close to bottoming, to rise in 2013

WASHINGTON (Reuters) – The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was for the […]

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Pending Homes Sales Remain Strong

The housing market took a step back in February, but remains near post-recession highs. According to data from the National Association of REALTORS®, February’s Pending Home Sales Index slipped 0.5 percent from the month prior, to 96.5. The Pending Home Sales Index is a monthly report which measures the number of homes under contract to […]

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