November 2018

Found 2 blog entries for November 2018.

Home sales are 6.5% below their potential says report

HomeMarket Update by Steve Randall19 Nov 2018 Home sales are 6.5% below their potential says report

 

America's housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis

US home sales should be running 6.5% higher than their current pace but supply issues and interest rates are stifling the market.

That’s one of the key findings of the latest Potential Home Sales Index from First American Financial Corporation, which shows that there should be 391,600 more sales on a seasonally-adjusted annualized rate.

However, the gap in October was narrower than in the previous month by around 64,800 sales.

“While the housing market continues to

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Why the Housing Market Is Slumping Despite a Booming Economy

Home prices are out of reach relative to incomes and mortgage rates. The big question for the economy is how the imbalance adjusts.

A sign pointed to an open house in Waukee, Iowa, earlier this year. Housing sales have slowed in recent months.       A sign pointed to an open house in Waukee, Iowa, earlier this year. Housing sales have slowed in recent months.

These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching prime home buying age.

Instead, the housing market has gone soft, acting as a drag on the

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