Foreclosure sales usually come at a deeper discount than non-distressed home sales. For many years, the mixture of foreclosure sales and non-distressed sales was distorted especially in California where the housing market faced a deep correction. The peak occurred in early 2009 when 58 percent of sales were foreclosure re-sales (today it is down at [...]
By The Financial Lexicon: Housing starts, existing home sales, mortgage applications, and the earnings reports of companies like Toll Brothers (TOL), PulteGroup (PHM), or Simon Property Group (SPG) are examples of some of the data points investors look to when attempting to gauge the health of the real estate market. Show More Summary
From housing economist Tom Lawler: Dataquick released its April report on Las Vegas home sales based on property records in Clark County, Nevada, and the report portrayed “mixed” news on the health of the Vegas housing market. Here are...Show More Summary
Just about every shop is touting a Memorial Day Sale this weekend but they're not all created equal. There are three areas of the home that see deeper discounts than others over this holiday weekend. Check out the best kinds of sales to hit after the jump... More
Since Memorial Day is the unofficial kickoff to summer, this edition of the Weekend Guide is great for two things. First, there are plenty of sales to help you finish up your home decorating projects while saving some money. Second,Show More Summary
By Dave Kranzler: The housing market showed signs of recovery in late 2011, beginning with a sharp upturn in housing stocks in October of that year. This was followed by a small upturn in housing starts and home sales starting in early 2012. Show More Summary
Alex Rodriguez is playing the real estate market a lot better than the baseball field this year. The Yankees slugger, who has missed the season with an injury, just closed on the sale of his Miami Beach home for $30 million, believed to be the most paid for a home in Miami Beach history. The [...] A-Rod Sells Miami Beach Mansion For $30 Million is a post from: The Inquisitr
By Sold At The Top: Yesterday, the U.S. Census Department released its monthly New Residential Home Sales Report for April. It showed an improvement, with sales climbing 2.25% from March and rising Complete Story »
The economy is showing signs of fumbling the recovery. Even though some Fed members have suggested easing back on central bank stimulus, the coast isn't exactly clear. Despite the spike in home sales and this week's better-than-expected...Show More Summary
Jessica Simpson has placed her Beverly Hills’ home on the market for $7.995 million as she no longer needs the luxurious pad after she moved into a new house. With a second baby on the way and her marriage to fiancé Eric Johnson soon to come, Simpson has decided to put her old house up for [...]
Obviously the new home sales report this morning was solid with sales above expectations and significant upward revisions to prior months. I try not to react too much to the month to month ups and downs; the key points right now are that sales are increasing and will probably continue to increase for some time. Show More Summary
I recently met with clients who have saved $100,000 to use for down payment and closing cost for a home in Bellevue. They easily qualify for the mortgage payment with their combined incomes and the both have excellent credit with scores of 740 or higher. They are most interested in seeing what sales prices they [...]
When a unit at the Montage popped up as the second biggest LA-area home sale last week, some commenters questioned the judgment of anyone who would pay $10.7 million plus $5,366 in monthly HOA dues for a Beverly Hills...
By Mark J. Perry: Here are the highlights from today's report from the Census Bureau on new home sales in April: 1. Both the average sales price ($330,800) and the median sales price ($271,600) established new all-time record highs in April (see chart below). Show More Summary
Sales of new homes -- a key economic driver across multiple industries -- are steadily recovering. But more striking is the pace at which prices of new homes are recovering.
Supply can't keep up with demand.
New single-family home sales are up 2.3% for April to a seasonally adjusted annual rate of 454,000, according to a Commerce Department report (link opens as PDF) released today. After bumping up a revised 3.5% for March, this newest report contributes to another month of optimism for the housing market recovery. Show More Summary
It seems fitting that Drew Barrymore, the girl next door who's also Hollywood royalty, would live in a stately, traditional home. Now that her country-chic Montecito mansion is up for sale, we can't help but dream about owning it. According to Trulia, this 6,000-square-foot beach ranch boasts everything from lush gardens to a guest apartment. Show More Summary
Mel Evans/AP WASHINGTON -- Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. Show More Summary
Existing home sales for April came in at 4.97 million from an upwardly revised March reading of 4.94 million (originally 4.92 million.) However, the question remains that with rising home prices, and tightening supply, when do potential buyers get priced out of home ownership?