Even though many people are looking to buy a new home, the lack of available inventory is keeping many of those would-be buyers on the sidelines for the time being. As a result, existing home sales just fell for the third month in a row.
One thing everyone, especially first-time home buyers, considers when looking to buy a house is saving for a down payment. As it turns out, you may not have to save as much as you think to buy a home.
Remember last month when new home construction hit the highest pace since June 2006? Scratch that.
The most recent data on home sales showed that sales may be back on track after stumbling earlier in the Spring. As a result, some of the housing industry’s leading economists continue to expect home sales to increase this year over last year.
California may be known for its sunny weather and warm days, but its the Golden State's housing market that's responsible for all the heat these days. That's because by just about any metric imaginable, housing in California has never been hotter than it is right now.
Many of your financial investments depend on a single three-digit number: your credit score. This number is derived from your financial history and helps determine what kind of loans or lines of credit you may qualify for.
Home buyers still want to buy a newly built home, that much is clear. However, it appears that some buyers are reluctant to buy that new home thanks to the cost of a new home continuing to rise due to lumber price increases.
Given that nationwide home prices hit a record in March, it probably won't come as a shock that home prices rose by a significant amount in the last year. However, a deeper dive into the data shows that the substantial rise in home prices is a truly nationwide phenomenon.
Thanks to the fact that there simply aren't enough homes on the market to satisfy the demand from buyers, the homes that do become available are basically flying off of the market. Read how Homes are Selling Almost Twice as Fast as Last Year.
After unexpectedly falling in the fourth quarter from a 12-year high, homeownership remained stable in the first quarter, indicating that the fourth quarter’s data collection issues may not have been a big deal after all.