Back in August, we identified young adults between 25-34 years old still living at home with their parents as a group that was about to enter the housing market. A recent Wall Street Journal article proves our thinking was correct. We have re-posted … [Read more...]
Housing Starts Soar
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses housing starts. Housing starts reached an 894,000 … [Read more...]
Distressed sales account for less and less of the Virginia housing market
One of the best indicators of the improving health of the housing market is the percentage of homes for sale that are distressed. If there are a lot of them (short sales and REOs/foreclosures), they keep overall prices down — and it indicates … [Read more...]
New Infographic: Home Buyers and Sellers in 2012
More than they have in the past decade, two-income married couples are fueling today’s home buying and selling market, and they are turning to REALTORS® to help them. Get more data about today’s buyers and sellers, including statistics … [Read more...]
Shadow Inventory Shrinking…in Most Regions
The Mortgage Bankers Association (MBA) released their 3rd Quarter Delinquency Survey last week. The report revealed that both the delinquency and shadow inventory numbers are improving. DSNews, reporting on the survey, explained: “The Mortgage … [Read more...]
Why Waiting Until Spring to Sell May NOT Make Sense
We have been happy to report that house prices have increased over the last several months. However, we have also warned that month-over-month prices since 2009 have softened in the fall and winter. We are beginning to see that situation repeat … [Read more...]
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