• Brand Report: Inventory Ends Long Decline as Home Sales Drop for Third Month

    25 days ago - By RIS Media

    The third consecutive month of lower year-over-year home sales in October contributed to the first year-over-year inventory increase in a decade, according to the RE/MAX National Housing Report for October 2018. Meanwhile, the Median Sales Price recorded one of its lowest increases of 2018.
    The RE/MAX National Housing Report for October saw sales decline 4.6% from a year ago - compared to sales drops of 11.6% in September and 1.1% in August - and was the eighth month of 2018 to record lower sales than 2017.
    As a result, inventory is slowly being replenished, with the number of homes for...
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  • NAHB: Builder Confidence Declines in November

    NAHB: Builder Confidence Declines in November

    26 days ago - By Calculated Risk

    The National Association of Home Builders reported the housing market index was at 60 in November, down from 68 in October. Any number above 50 indicates that more builders view sales conditions as good than poor.
    From NAHB: Builder Confidence Drops as Housing Affordability Issues Rise
    Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index. Despite the sharp drop, builder sentiment still remains in positive...
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  • Sacramento Housing in October: Sales Down 4.8% YoY, Active Inventory up 21% YoY

    26 days ago - By Calculated Risk

    From SacRealtor.org: October 2018 Statistics - Sacramento Housing Market - Single Family Homes, Sales volume increases, median sales price dips
    October closed with 1,413 sales, a 9.1% increase from the 1,318 sales of September. Compared to the same month last year , the current figure is down 4.8%. Of the 1,413 sales this month, 179 used cash financing, 910 used conventional, 230 used FHA, 92 used VA and 27 used Other types of financing.
    ...
    The Active Listing Inventory decreased, dropping 5.4% from 3,236 to 3,060 units. [note: year-over-year inventory is up 20.7%] The Months of Inventory...
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