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Pending Home Sales Rise 3.3% In July To Highest Level Since August 2013

August 30, 2014
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The number of contracts signed for previously-owned homes rose in July, climbing 3.3% over the June level, according to National Association of Realtors data. In July NAR’s Pending Home Sales Index – which tracks signed contracts, rather than closed sales, for previously-owned homes – climbed to 105.9, its highest level since August 2013, when the index stood […]

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Stronger Hiring Boosts Outlook For U.S. Home Sales

August 28, 2014
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Stronger job creation in the United States is making economists more optimistic about the outlook for home resales over the next two years, according to a Reuters poll that showed little change to expectations for house price rises. The annual pace of existing home sales will likely rise to 5.25 million units in the first […]

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Some See Price Gap Narrowing Between New, Existing Homes

August 27, 2014
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A persistent price gap between existing homes and newly built homes has given the former an advantage over the latter in recent months. But some economists say that gap will soon will start to narrow. A few economists and builders point to emerging factors that stand to cause new-home prices to increase at a slower […]

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Existing Home Sales Continue To Increase

August 24, 2014
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Existing home sales increased for the fourth consecutive month and the share of distressed sales decreased, making the report positive news for future new home sales because each prospective repeat buyer must sell their existing home before buying a newly built home. Existing home sales increased 2.4% in July, but are still 4.3% below the […]

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Buy A Second Home Now To Live In During Retirement

August 24, 2014
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With over a quarter of a million Americans turning 65 every month and half of all second-home buyers over 46 (according to the National Association of Realtors), the idea of buying a second home now for future retirement is a certifiable trend. If you’re considering this path to retirement, the type of house you choose […]

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Why You Should Get To Know Your Neighbors

August 24, 2014
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Social connection at the neighborhood level has long been known to be associated with good mental health, and some aspects of physical health. A new research study published from psychologists at the University of Michigan is the first study to look specifically at neighborhood social cohesion and heart attacks, which hit more than 700,000 Americans every year […]

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Mortgage Rates Hit 2014 Low

August 22, 2014
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Mortgage rates have dropped to their lowest level in over a year. The average rate for a 30-year loan now stands at 4.1%, according to Freddie Mac. That matched its lowest level since June 2013, when it stood at 3.93%. The average 15-year fixed was 3.23%. The government’s stimulus program has helped keep borrowing costs […]

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Owning A Home ‘Very Important’ To Nearly Half Of Single Buyers

August 22, 2014
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Almost half of single homebuyers aged 25 to 50 reported that it was “very important” to them to own a home, according to Century 21′s Singles Homebuyer Survey released on August 20. Three quarters of single homebuyers in that same age bracket said that it was “fairly important” for them to own a home, according to the […]

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Housing Starts In U.S. Rise To Highest Level In Eight Months

August 19, 2014
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Housing starts surged in July to the highest level in eight months, underscoring the recent pickup in builder optimism as the U.S. residential real-estate market gains some traction. Beginning home construction climbed 15.7 percent to a 1.09 million annualized rate following June’s 945,000 pace, which was stronger than previously reported, the Commerce Department said today […]

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5 Reasons Why The Housing Market Won’t Crash

August 18, 2014
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After the financial crisis and mortgage meltdown, it’s natural that many people are skeptical about the housing market. Still, the housing market is recovering. There is a host of data out there that shows, while the biggest part of the snap-back in prices is behind us, there may be significant upside in the years ahead. […]

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