Price cuts indicate homes are sitting on the market longer – which means more options for buyers, less competition for homes and more room for buyers to negotiate. Many recently white-hot markets have seen large jumps in the share of for-sale listings with a price cut.
Fewer than five percent of homes for sale in Portland, Los Angeles, and Denver were affordable on median African-American and Hispanic incomes in 2016 By Jeff Sorg, OnlineEd Blog (June 30, 2017) In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 […]
Most inventory and price cuts occur in August and September By Jeff Sorg, OnlineEd Blog (April 5, 2017) (SEATTLE, May 4, 2017) PRNewswire — Patience pays off for home buyers. The best time to buy a home is late summer when there are the most options and frequent price cuts. As summer approaches, overall inventory of […]
(Jeff Sorg, OnlineEd) – The National Association of Realtors® is reporting that existing-home sales declined in January to their lowest rate in nine months. All major regions experienced declines in January, with the Northeast and West seeing the largest, but sales remain higher than a year ago by 3.2% . Total existing-home sales are completed transactions that include […]
(Jeff Sorg, OnlineEd) – The National Association of REALTORS today is reporting that existing home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year. Lawrence Yun, NAR Chief Economist, says the housing market this year has been a tale of two halves. […]
The Home Price Index® report shows home prices nationwide, including distressed sales, increased by 5.6 percent in September 2014 when compared to September 2013. This change represents 31 months of consecutive year-over-year increases in home prices nationally.