Posts Tagged home selling

Nearly 1 in 4 home buyers paid above listing price in 2017

home sold sign

With tight housing inventory and low mortgage rates highlighting the end of 2017’s real estate market, buyers made more aggressive bids to secure the homes they wanted. According to recent data from Zillow, 24 percent of home buyers paid more than the asking price last year–the biggest share since the real estate website began compiling the data in 2012.

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New Home Sales Pace Hits 10 Year High

newly built modern home

The pace of newly built, single family home sales hit a record high for September, rising 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to data from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This significant gain in new home sales helped push new home sales to its highest pace in a decade. 

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More Homeowners Are Saying Now is a Good Time to Sell

Nice new green home.

As home prices continue to climb, consumer sentiment appears to shift further in favor of selling. According to Fannie Mae’s August National Housing Survey (NHS), net positive responses to whether it’s a good time to sell rose 8 points while the good time to buy sentiment fell 5 points. The month prior, that sentiment fell 7 points. Mortgage News Daily reported on the latest NHS results, noting that, at 18 percent, the good time to buy sentiment set its second new low record in as many months and is down 16 percentage points from August 2016.

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