Recent Real Estate News
New home sales drop in August
New home sales dropped in August after July witnessed its most significant increase since the housing crisis. Annually, however, new homes sales in August still increased. Industry experts talk about the report, and why it still shows positive signs for the housing market.CNBC blog: What a rate hike means, and doesn’t mean, for housing
As many in the industry guess at when the Fed will raise interest rates after putting off the decision at the last FOMC meeting, one blog from CNBC questions the attention. According to this blog, housing has more important things to worry about.Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.California Realtors getting nervous about housing market future
Now more than half a year into 2016, and the California Association of Realtors’ predictions that a shortage of available inventory and continued high costs would limit improvements in 2016 are coming true. And looking at the latest CAR report, it appears to be getting to Realtors.Dallas-area housing market facing new danger
In almost every housing or home price report, Dallas comes out in the top ten. In one study, cities in the Dallas metro even made up five of the top ten spots. That then begs the question: is the market overheating? Will Dallas become the next San Francisco? Is the much-vaunted housing market in the Big-D about to start getting Fs?Evictions in America: A tale of two cities
The contrast between how New York City and San Francisco have approached the affordable housing crisis is striking. Both cities are large metropolitan areas with little geographical room to build. But in once case city action led to an 18% decrease in evictions, in another it led to an increase of 32%. Nationwide: Here are the most and least healthy housing markets
A new report from Nationwide shows the healthiest and least healthy metros in the U.S. by comparing factors such as employment, demographics, mortgage market and home prices. Despite the affordability crisis, 25% of metros were very healthy markets in the second quarter.Zillow ranks fastest appreciating housing markets
Home prices in some metropolitan areas grew at almost triple the rate of the national average. Zillow laid out a list of the top five which, surprisingly, San Francisco was not on. While some areas are heating up, it seems California’s hot markets could be cooling down.Affordability crisis holds back home sales in August
Despite anticipation of an uptick in existing home sales in August, they actually decreased, again. Declining inventory and high home costs continue to prevent home sales from reaching pre-crisis levels.Trulia: Home inventory falls for fifth straight quarter to near-record lows
Home inventory fell for the fifth straight quarter in July, the longest streak of inventory declines since 2012. The lack of inventory and trend towards premium homes doesn’t bode well for the growing affordability crisis, but all hope is not lost.