Realtor.com predicts market shift impacting buyers is on the way

A market shift that will impact homebuyers well into 2020 is likely on the way, according to realtor.com’s June 2019 trend report. 

California fire destroyed 18 months of listing inventory

As of Oct. 2018, there were only 858 properties on the market in Butte County, and the loss of more than 12,000 residences will result in an unstable local housing market for years to come.

Inventory Watch: Is ‘Big Change’ on the Horizon?

The grip on inventory is loosening, with fresh listings sprouting up and the severity of the shortage starting to unwind, according to findings by realtor.com®. On an annual basis, there were 8 percent more listings on the market in September, according to data from the site, or over 465,000 new properties. The biggest boosts were […]

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In ‘Healthy Shift,’ More Homeowners on Board With Selling

Are homeowners warming up? With prices rapidly rising, homeowners have been reluctant to sell, fearful of being unable to afford another home—a catch-22, because inventory is limited as it is, and compounded further when homes are kept off the market. Now, their confidence is growing, according to the latest National Association of REALTORS® (NAR) Housing […]

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Pending Home Sales Slip, Trampled by West

For the housing market, gaining ground is proving to be a struggle. On an annual basis—and for the eighth month in a row—pending home sales slipped, according to the August National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity backtracked 1.8 percent month-over-month and 2.3 percent year-over-year. According to the Index, activity contracted in […]

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Market Report: Flatter Rents and Slowing Values

According to the August Zillow® Real Estate Market Report, home prices and rents slowed as summer wound down, with prices up 6.5 percent year-over-year—a departure from 8.2 percent this spring—and rents unchanged. Based on the Zillow Home Value Index and the Zillow Rent Index, the median price is $216,700, and the median rent is $1,440. […]

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No Gain, No Loss: Existing-Home Sales Stabilize

August existing-home sales stabilized, ending a regressive streak, the National Association of REALTORS® (NAR) reports. At 5.34 million, activity neither decreased nor increased from July, but was down 1.5 percent from the prior year. Inventory month-over-month also steadied, at 1.92 million—a jump from 1.87 million the prior year. Activity was carried by the Midwest and […]

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Existing home sales remain steady, ending 4-month slump

Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors.

Rents are flat for the first time since 2012

The nationwide median rent in August remained unchanged year-over-year for the first time since 2012, according to Zillow’s latest housing data survey. The median rent is actually lower than it was in August 2017 in 19 of the nation’s 35 largest housing markets.

Pending Home Sales Stumble as Housing Market Momentum Wanes

Pending home sales stepped back in July and have now fallen on an annual basis for seven straight months, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7 percent to 106.2 in July from 107.0 in June. With last month’s decline, contract signings […]

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