Phoenix has long been the West’s most affordable city. That might change. – Metro Phoenix leaders must talk about affordable housing amid the rapid growth in home prices, said Mark Stapp, growth expert and director of the Master of Real Estate Development. and new homes -.
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Single Females a Key Driver of U.S. Home Sales in 2018. – The National Association of Realtors is reporting this week that single female buyers continue to be a powerful force in the U.S. housing market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home.
Rising Rents Are Finally Forcing Millennials to Buy Houses – While limited inventory. Group. Humphries said he expects rent increases to outpace price gains by the end of the year as higher mortgage rates limit affordability and the rental market remains.
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PDF Despite Low Inventory, Leader Bank Increases Mortgage Portfolio – that housing inventory is at an all-time low. Leader Bank originated 1,716 single-fam-ily mortgages for a total volume of roughly $765.4 million in 2017, according to analy-sis from The Warren Group, publisher of Banker & Tradesman. That’s over 90 more mortgages and million higher than in 2016. In comparison to 2015, the bank, which
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Calculated Risk: April 2017 – "I project that US existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.74 million in March" 2) Warmer weather in February might have boosted sales for March and early April. 3) Inventory is still very low and falling year-over-year (down 6.6% year-over-year in March).
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Existing Home Sales vs. Housing Supply – DSNews – "Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time.