Condos are appreciating faster than single-family homes in markets across the U.S., especially where job markets are thriving or urban renewal is underway, according to the third quarter Zillow September Real Estate Market Report. Condos in the U.S. are appreciating at a rate of 5.1 percent, compared to the 3.7 percent appreciation among single-family homes. Condo values … [Read more...] about Condos are back
Real Estate News
Existing-home sales regain momentum in September
Existing–home sales rebounded strongly in September following August's decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors. All four major regions experienced sales gains in September. Total existing–home sales, which are completed transactions that include single–family homes, townhomes, condominiums and … [Read more...] about Existing-home sales regain momentum in September
Americans think homeownership is a sound investment
A vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price, according to a new survey from the National Association of Realtors. The 2015 National Housing Pulse Survey also found that a preponderance of Americans think that now is a good time to buy a … [Read more...] about Americans think homeownership is a sound investment
Student debt not holding back housing market
Having a lot of student debt doesn't greatly reduce young people's chances of homeownership, as long as they graduate, a new analysis by Zillow has found. The findings challenge a popular concern: that giant student loan payments are holding back people from homeownership. As it turns out, graduates' debt loads don't materially hurt their chances of homeownership – … [Read more...] about Student debt not holding back housing market
Pending home sales retreat again in August but remain at healthy level
Pending home sales retreated in August but remained at a healthy level of activity and have now risen year–over–year for 12 consecutive months, according to the National Association of Realtors. A modest increase in the West was offset by declines in all other regions. The Pending Home Sales Index, a forward–looking indicator based on contract signings, decreased 1.4 percent … [Read more...] about Pending home sales retreat again in August but remain at healthy level