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Inventory levels hit crisis numbers in hottest housing markets
homebuilding this year, suggesting that limited supply may continue to drive the housing market in 2018. "Tight inventory fueled by a tight labor market and low interest rates propelled home......

Home Sales Reach Peak, but Inventory Low
down from 73 days in 2016. ELGIN, IL—Home sales in the seven-county metropolitan Chicago area reached an 11-year......

Albuquerque housing market ends 2017 on a high note
The metro Albuquerque housing market closed out 2017 on a high note, according to the Greater Albuquerque Association of Realtors. The association said there were 11,477 single-family home......

Baton Rouge area home sales drop in November
Baton Rouge-area home sales dropped by 16% in November from the year before, the result of continued tough comparisons with the sales gains resulting from the August 2016 flood. There were......

Foreclosure activity falls to a 12-year low
purchases to the most highly qualified and low-risk borrowers, the U.S. housing market has the luxury of playing a version of foreclosure limbo in which it searches for how low foreclosures can......

Affordability Issue Could Increase SoCal Foreclosures
Southern California foreclosure rates are at historically low levels, foreclosures could rise in this market if some fundamentals don’t......

NAR Leaders Are Well-Represented in Power Rankings
and has been a REALTOR® for more than 20 years. The 2018 NAR president leaped from 195 in 2017 to 50 on this year’s list. She is among 44 women included in the power ranks.  NAR CEO Bob Goldberg......

Study: Top 10 Most Trusted Builders
says Eric Snider, president of Lifestory Research, a market research firm. “The housing market is healthy and has many people searching for homebuilders they trust. Buying a home is not only......

Foreclosed Homes Dip to 12-Year Low
Foreclosures hit a 12-year low in 2017, and the distressed properties remain increasingly difficult to find in many markets. Foreclosure filings in 2017—which include default notices, scheduled......

Report: Homes Are Getting Even Less Affordable
down compared to a year ago, the National Association of REALTORS® reports. Mortgage rates are higher than a year ago and the increase in borrowing costs is one culprit for higher payments among......

Greater Pittsburgh home sales up over last year
December was a strong month for the Greater Pittsburgh housing market, according to the year-end Remax National Housing Report . The month saw growth in overall sales, a boost in the median......

Northeast Ohio home sales up 1.6% in 2017; prices rise 6%
Northeast Ohio home sales rose by 1.6% last year, as buyers braved tight inventory and rising prices to purchase 766 more houses and condominiums than they did during 2016. Annual average......

Inventory keeps contracting as higher rates deter sellers: Redfin
will be the biggest driver of the 2018 real estate market. Major housing market dynamics don't shift dramatically when the clock strikes midnight on Jan. 1," said Redfin Chief Economist Nela......

Long-term mortgage rates rise: 30-year hits 4.04%
adjustable-rate mortgages was unchanged this week at 3.46%. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average......

Mortgage rates unlikely to drop below 4% anytime soon
Given the improving U.S. economy, mortgage rates will probably not fall back under the 4% mark anytime soon. 30-Year FRM 15-Year FRM 5/1-Year ARM Average Rates 4.04% 3.49% 3.46% Fees......

Instant Reaction: December Housing Starts
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on residential construction in December: “The latest decline in the volatile......

US home construction tumbled 8.2% in December
gains in October and November. The pullback occurred even as the housing market faces a dwindling number of properties for sale. Still, for all of 2017, housing starts have risen......

Homebuilder sentiment slips; outlook still positive
month since July 2007, just months before global economic turmoil decimated the housing market. December new-home sales figures are due out next week. Many buyers, unable to find existing homes......