The median sales price of a new home in December was $349,990, up 6.6% from a year earlier. The median sales price of a re-sale home in December was $256,000, up 5.6% from December 2017. This data suggests buyers are increasingly being attracted to new homes rather than the limited choice available for re-sale.
Zillow expects existing home sales to edge 1.1 percent lower in April, falling to 5.65 million units at a seasonally adjusted annual rate (SAAR). New home sales should rise 2 percent from March, to 634,000 units (SAAR), which would bring new home sales in line with levels seen in late 2007.
In the meantime, the housing market is expected to see stronger price appreciation than forecast a year ago with home values rising 5.5 percent to a median of $220,800 in 2018, according to Zillow and Pulsenomics. Last year, forecasts called for a 3.7 percent gain. A separate fannie mae survey forecasts home prices will rise 3.9 percent over.
Home prices rise in 3Q, but Zillow forecasts sawtoothed recovery Cincinnati, OH -Job layoffs are continuing through the first quarter, delaying a recovery. discounted home prices have narrowed the housing affordability gap sharply, luring renters into for-sale. Housing sales slumped 8.5 % from one year ago, the lowest sales since 2015.
fidelity national financial adjusts terms of LPS acquisition · Fidelity Adjusts Consideration Mix. A leading title insurer, Fidelity National Financial Inc. ( FNF) amended its consideration mix associated with the acquisition of Lender Processing Services Inc. ( LPS) announced on May 28, 2013. The purchase consideration equated to.
And should mortgage rates rise. new homes, but keeping their old ones and renting them. Both choices mean that fewer homes are listed for sale, which drives up prices. Higher prices and limited.
Homebuilders target active markets Instead of stocking up on vacant land, which can boost earnings when the market is heating up. Compared to many of their competitors, they carry a much lower target land supply, generally between 2.
Contents Comprehensive mortgage software solutions 2nd annual middle-market multifamily Offer returning session favorites Software mortgage software solutions Mac: mortgage rates RadarLogic home prices hit lowest level since 2003 level, supporting further gains in property values.1 Multifamily sales and prices nosedived during the Great Recession but recovered sooner and faster than single-family.
Houston Real Estate Market Forecast 2018. Homes sales are picking up in Houston where homes prices hit an average $176,000 according to Zillow. Zillow further predicts a 5% rise, yet this estimate might not take into account rising oil prices and gasoline prices.. In the last 11 months, oil prices have risen almost $30 a barrel and that has the whole state of Texas looking good going forward.
Looking ahead, the Zillow Home Value Forecast shows U.S. home values will increase 1.7% over the next year, and that 183 of the 252 markets covered by the forecast have hit a bottom.
MBA Secondary: Bringing private equity back into the market It’s a platform that’s aimed at allowing the average investor to participate in IPOs and secondary. Back in 2014, when the IPO market was much better, when that happens, there’s a lot more money in.