Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released today by the National Association of Realtors. Additionally, a newly-introduced index tracking the … [Read more...] about Desire to buy strong despite affordability, economic concerns
Real estate news
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
Real estate group: Pending home sales decline but remain above 2013 levels
Pending home sales declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 1.1 percent to 104.1 in October from an upwardly-revised 105.3 in September, … [Read more...] about Real estate group: Pending home sales decline but remain above 2013 levels
Home sales and prices climb in Southold, fall in Riverhead
Single-family home prices continue to climb across the East End — except in Riverhead, where the median home price is near its lowest since the 2008 crash. Through Sept. 30, the median price of a single family home in Riverhead was 25 percent lower than in 2007. Overall, the real estate market on the East End is showing a "healthy trend," according to George Simpson of … [Read more...] about Home sales and prices climb in Southold, fall in Riverhead