All-cash home sales reached their highest level in at least three years in the first quarter, though institutional investors accounted for a smaller share of sales, according to the latest report from real estate data aggregator RealtyTrac. Of all home...
The San Francisco bidding war madness has officially reached new levels with the sale of this 2-bed, 2.5 bath Gough Street home for $3.4 million. The house is beautifully designed by noted architect...
The tax, in effect in New York and New Jersey, means a buyer who pays $1 million for a home owes $10,000 more in tax than someone who pays $999,999.
Recent new home sales figures raised concerns about a housing market slowdown, but one thing is clear: The fastest-growing industries in the U.S. over the past 12 months have been dominated by fields tied to construction. Twelve of the...Show More Summary
There have been quite a few hand-wringing articles lately discussing the problems with housing. Most articles point to some of these suspects:1) Existing home sales were down 7.5% year-over-year in March.2) New home sales were down 13%...Show More Summary
Botero?s celebrated "Male Torso, 1992" was moved to the corner of SW 9th Street and South Miami Avenue at the site of the new sales center, across from Brickell City Centre. Developer Jorge Perez and gallerist Gary Nader marked the installation...Show More Summary
People adapt very quickly to new circumstances. Today, many are coming to terms that the housing market is dominated by investors. Existing home sales are running at a pathetic pace now that investors are slowly stepping away from the single family home punchbowl. Purchase applications came in at their lowest level since December of 2000. […]
Standard Pacific Corp. reported that net home orders (ex jvs) in the quarter ended March 31, 2014 totaled 1,311, down 6.0% from the comparable quarter of 2013. Net orders per active community last quarter were down 14.6% from a year ago. Show More Summary
The New Jersey home where Yankees legend Yogi Berra and his late wife, Carmen, lived for 40 years and raised three sons has been put on the market.
By Ironman at Political Calculations: After falling in February 2014 for the first time since June 2012, the initial median new home sale price in the U.S. reported for March 2014 increased by the largest percentage ever recorded since the U.S. Show More Summary
Northern California's housing market is red hot, and a new report by Trulia shows just how quickly homes are being sold there. In the study, Trulia's economists calculated the share of homes that were listed for sale on their site on February 14, 2014 and that were still on the market on April 14, 2014. Show More Summary
New Home Sales drop to their lowest level in 9 months. Supply of homes climbs. Mortgage rates drop. Get analysis and today's live rates. Click for the complete post : Buyer Opportunity? While Supply Of New Homes Spikes, Mortgage Rates Drop Near 4-Month Low.
The Wall Street Journal reports Pending Home Sales Up 3.4% in March, the first rise in nine months.Facts and Figures Pending sales up 3.4% from February Pending sales down 7.9% from year ago Index 2.6% Below 2001 Level Actual new home sales down 14.5% Wishful ThinkingIn the wishful thinking department, Gennadiy Goldberg, U.S. Show More Summary
After a nice weekend of hiking, I'm ready to comment on the disappointing new home sales report for March. See last week: New Home Sales decline to 384,000 Annual Rate in MarchNew home sales is one of the key reports each month (see: Ranking Economic Data). Show More Summary
This week saw yet another nail in the coffin of the 'hope-strewn housing-recovery escape-velocity growth engine of America' meme when new home sales collapsed. Homebuilder stocks, while volatile, have been trending lower recently (notably...Show More Summary
New data has pushed housing to the forefront of the recovery discussion. Can the economy recover without housing? What has gone wrong with it? If housing is de-emphasized as never since the Depression, what does it mean for inequality, the...
Eight years ago, in A New Book on Taxation of Residence Sales: Don't Leave Home Without It I reviewed Julian Block’s book, “THE HOME SELLER’S GUIDE TO TAX SAVINGS: Simple Ways For Any Seller To Lower Taxes To The Legal Minimum." NowShow More Summary
Back in August of last year, we first reported data that not even believed at first, but has since been proven correct using existing home sales data, namely that a whopping 60% of all home purchases are "cash only." Furthermore, in the eight months since that post, our conclusion has also borne out as absolutely correct:... Show More Summary
By David Sims: Tuesday morning, the FHFA released their Housing Price Index for February 2014. For the period, home prices rose 0.6% versus 0.5% for the prior month. Most importantly, home prices rose 6.9% versus the same period in the prior year. Show More Summary
By Dave Kranzler: The Census Bureau released its new home sales report for March this morning (Wednesday, April 23). New home sales unexpectedly plunged 14.5% from February and 13.3% from March 2013. The 384k homes sold was 15.6% below the Wall Street consensus estimate of 455k and significantly below the low end estimate of 440k. Show More Summary