From the monthly archives:

November 2011

New-Home Sales Rise 1.3% In October

November 29, 2011
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Sales of newly built, single-family homes inched up 1.3 percent to a seasonally adjusted annual rate of 307,000 units in October, according to newly released data from the U.S. Commerce Department. The gain is from a downwardly revised rate in the previous month, and marks the best pace of new-home sales activity since this May. […]

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Home Affordability Near Highest Level In 20 Years

November 29, 2011
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It’s easy to drown in real estate statistics, but looking at “affordability” – the homes that someone on a median income could buy – is a fascinating gauge of housing markets. The recent release of the Housing Opportunity Index from the National Association of Home Builders/Wells Fargo shows that we’re still in a uniquely affordable […]

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Hispanic Households Grow, Accounting For More Than Half Of New Homeowners

November 29, 2011
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Hispanic households accounted for more than half of the nation’s homeowners in the third quarter, evidence of the potential purchasing power of Latinos during the housing recovery. According to Census Bureau data provided by Alejandro Becerra, former senior housing fellow at the Congressional Hispanic Caucus Institute, the number of Hispanic owner-occupiers grew by 288,000 from […]

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Myrtle Beach Area Home Sales Pick Up In October

November 29, 2011
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Single-family home sales along the Grand Strand jumped in October thanks to low interest rates, an increase in new homes being built and a shift in buying habits. Single-family home sales jumped 16 percent in October when compared to the same month last year, according to the Multiple Listing Service. Some potential buyers who had […]

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Phoenix New Home Sales Begin To Stabilize

November 29, 2011
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New single family home sales in the Phoenix area are showing signs of stabilizing, according to a recent report by Phoenix-based RL Brown Reports. Though new home sales for October were down compared with the previous month, the numbers for the past three months are better than they were in August, September and October of […]

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Lennar Charlotte Hosts “Pool Party,” Unveils Plans For Pool & Cabana At Carolina Village & Stowe Pointe

November 29, 2011
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Lennar will break ground in the coming weeks on a pool area in two of its established Charlotte communities, Carolina Village in Pineville and Stowe Pointe in Belmont. On Saturday, Dec. 3, from noon to 2 p.m., the Welcome Home Centers at each community will host a “pool party,” complete with tasty snacks, drinks and an […]

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Lennar Raleigh Celebrates The Holidays With Model Grand Opening, Professional Holiday Photos & Tree Lighting

November 29, 2011
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Lennar, which recently announced its newest Triangle community, Peachtree at Flowers Plantation, is brightening up the community’s annual tree-lighting event with a day of fun holiday events for the entire family this Saturday, Dec. 3. The celebration begins with the Grand Opening of Lennar’s new, beautifully decorated Providence model and continues with a tasty Chocolate […]

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Stronger Lure For Prospective Home Buyers

November 28, 2011
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Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities. The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s […]

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For Landlords, A Time Of Plenty

November 28, 2011
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America’s rental landlords have plenty to be thankful for this year: Nearly half of property owners report vacancy rates lower than a year ago, showing the sector’s continued strength as more Americans rent apartments instead of purchase homes. This is allowing landlords to raise rents: The median predicted rent increase over the next 12 months […]

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When Kids Come Back Home

November 28, 2011
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More Americans between the ages of 25 and 34 are living with their parents. The U.S. Census puts the number at 5.9 million, up 26% from 4.7 million before the recession began. Based on the most recent Census data, 14.2% of young adults are bunking with their parents – up from 11.8% in 2007. Home […]

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