The key reports this week are the first estimate of Q2 GDP, June New Home sales, and the Case-Shiller House Price Index for May.The FOMC is meeting on Tuesday and Wednesday, and no change in policy is expected this week.For manufacturing, the July Dallas, Richmond and Kansas City manufacturing surveys will be released this week. Show More Summary
Home prices continue to reach new heights in New York City. According to the Real Estate Board of New York's (REBNY) New York City Second Quarter 2016 Residential Sales Report, the average sales price in the city was a hefty $1.018 million, largely fueled by a surge in luxury sales...
It's no secret that real estate isn't cheap anywhere these days, but these palatial homes give expensive a whole new definition. With listing prices well over what most people make in a lifetime, the most expensive homes currently on...Show More Summary
The month of June managed to set new records for Washington D.C. and the Baltimore metro areas, according to MRIS data. Sellers watched as median home prices crept up, while buyers had to act fast, as inventory levels have slowly declined since last year...
Sales of Hamptons homes fell in the second quarter of this year, but the market remains healthy, according to new reports released Thursday. The number of sales plummeted 20.5% to... To view the full story, click the title link.
From Jeff Collins at the O.C. Register: $657,500: O.C. median home price hits record The median price of an Orange County home – or the price at the midpoint of all sales – was $657,500, real estate data firm CoreLogic reported Tuesday. Show More Summary
To all appearances, the U.S. housing market is moving sideways. That is what several recent data releases suggest. June new home sales increased to 330,000 units from their cyclical low point of only 267,000 units the month before. However, this still left them at the same depressed level where they have been for most of the past year and a half. Show More Summary
Houston's real estate market is seeing an uptick in home sales this June, according to a new data set released by Better Homes and Gardens Gary Greene Real Estate. The local brokerage dissected home sales, prices, days on market, inventory...Show More Summary
NEW YORK (Reuters) - U.S. sales of new single-family homes likely grew at an seasonally adjusted annualized rate of 530,000 units in June, up 8.6 percent from a 488,000 annualized pace in May, the Mortgage Bankers Association said on Thursday. Show More Summary
In its new report, the National Consumer Law Center calls for greater federal and state oversight of certain seller-financed home sales that many view as predatory.
If you are not so familiar with China or China housing markets, in this post I have drawn out a few data points that help understand the relative size and scale of the market for new home sales in China.
New data shows that just over three per cent of sales between June 10 and June 29 involved foreign buyers The post Foreign home buyers in B.C. mostly from China: Mike de Jong appeared first on Macleans.ca.
It’s not even close Real estate site Redfin tweeted a potentially damning chart this morning: Seattle is blowing us away in sales of new construction. We’ve heard several times this year that Seattle is supposedly "the next San Francisco."...Show More Summary
Black Knight Financial Services released its April 2016 home price index data for New York City, based on summarized sales data -- here's how the metro measured up...
Sometimes newer really is better. And many Chinese homebuyers would say that's the case when perusing property for sale in the...
New data from the National Association of Realtors, released this morning, says that May's pending home sales actually declined year-over-year for the first time in nearly two years. The reason? This competitive seller's market continues leaving inventory in a sad state....
Dow futures are now 500 points off the post-Brexit lows, having retraced half the losses...despite the worst home sales in 6 years. Just one small problem, Treasury yields are plumbing new post-Brexit lows... Dow bounce... S&P bounce... But bonds ain't buying it... Trade accordingly.
“Pace of U.S. New Home Sales Slows in May” was the Wall Street Journal’s headline on the Census Bureau’s report released last week. But the body of the article had an entirely different tone, exemplified by “Broadly, other data showShow More Summary
Please click here to see the edition of BuilderBytes for 6/24/16 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: May new home sales dipped 6.0 percent from April but still up 8.7...Show More Summary
Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000. This is 6.0 percent below the revised April rate of 586,000, but is 8.7 percent above the May 2015 estimate of 507,000. READ MORE www.metrointel.com