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The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet
If you thought that you could escape the belated sequel to the Civil War by reading this media resource, we’re sorry to disappoint you. However, there is a housing element to be found in this current news stream. In a posting on Facebook, Housing and Urban Development (HUD) Secretary Dr. Ben... more
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Fixed mortgage rates took another spill this week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.89 percent for the week ending Aug. 17, down from last week when it averaged 3.90 percent. The 15-year FRM this week averaged 3.16 percent, down from last... more
Single-family housing starts in July were at a rate of 856,000
Home sales during July dropped 0.8 percent year-over-year and plummeted by 15.8 percent compared to June, but the median sales price of $239,500 was up 7.4 percent from one year earlier, according to new data from RE/MAX.   Nineteen of the 54 metro areas experienced tracked by RE/MAX saw an... more
A panel of more than 100 real estate experts and economists assembled by Zillow looked into the future and see a recession looming on the far horizon
A panel of more than 100 real estate experts and economists assembled by Zillow looked into the future and see a recession looming on the far horizon.   The latest Zillow Home Price Expectations Survey forecast a 73 percent chance that the next U.S. recession will begin by the end of 2020. However... more