Posts Tagged real estate news

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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Pending home sales make a surprising rebound

home sold sign

Pending home sales made their first major improvement in October, beating even the most optimistic of outlooks. According to a recent press release, the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) jumped 3.5 percent compared to September, to a reading of 109.3. Originally predicted to clock in at 106.0, the latest reading exceeds the revised prediction of 105.6. This puts the PHSI at its highest level since June.

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Existing Home Prices Continue to Drop

woman holding money in house-shaped box

Hopeful home buyers who plan to make offers by the end of 2017 are in luck. According to recent data, home prices in the U.S. are falling, continuing a trend we’ve been seeing since July. So while it may not be the optimal time for homeowners to sell, it’s a great time for buyers (especially first time buyers) to step into the market and find their dream home. According to a recent article from realtor.com, the median price of an existing home (one that has been previously lived in) dropped .24% from September to $247,000 in October. Realtor.com gathered this

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