The gulf between contract prices and appraised values highlights the risks to buyers in the current market, especially those stretching their budgets to win a bidding war.
The post Soaring Home Prices Are Roiling Appraisals and Upending Sales appeared first on Real Estate News & Insights | realtor.com®.
Home prices surged in almost every corner of the U.S. in the second quarter as robust demand continued to overwhelm the supply of homes for sale.
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Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up, helping push home prices even higher.
The post Home Builders Are Restricting Sales, Pushing Up New Home Prices appeared first on Real Estate News & Insights | realtor.com®.
Once a poster child for the foreclosure crisis, Phoenix’s housing market is booming again, boosted by robust population growth and relative affordability.
The post Phoenix Homes on Track to Break Record This Week as Housing Market Booms appeared first on Real Estate News & Insights | realtor.com®.
Home-price growth climbed to a new record in May, as low mortgage interest rates continued to drive robust homebuying demand.
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Many families that have outgrown starter houses aren’t selling, contributing to shortage of homes for sale.
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U.S. home prices rose nearly everywhere in the first quarter, a rapid price appreciation that shows little sign of fading soon with limited housing inventory and robust demand.
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Amazon said it intends to invest in affordable housing over the next five years in three regions where it is a major employer: Seattle, Arlington, Va., and Nashville, Tenn.
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Home builders attribute their robust sales to low interest rates, a shortage of existing homes for sale and consumer willingness to move farther from city centers in exchange for more space.
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Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.
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