Posts Tagged housing market

Builder Confidence Holds Steady in March

new home under construction

Builder confidence in the new, single-family home construction market slipped just one point to a level of 70 in March, according to the latest data from the National Association of Home Builders (NAHB). Despite the small decline in the March NAHB/Wells Fargo Housing Market Index (HMI), the data reflects continued strength in builder confidence for the new homes market across the nation. 

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

House with 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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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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