Uncertainties over the looming fiscal cliff are restraining consumer and business confidence, but the housing market is staying resilient, Fannie Mae researchers report.
Existing-home sales and home prices continued to rise in November, producing the ninth consecutive monthly year-over-year price gain. Low inventory is responsible for the rising prices.
Existing-home sales continued to improve in November with low inventory supply pressuring home prices, according to the National Association of Realtors®.
When we look back on 2012 a long time from now, it may be viewed as the first year of the recovery, the year in which real estate reversed its course and moved in a more positive direction.
For the past several years, the top factor influencing where a buyer purchased a home has been the quality of the neighborhood.
If Congress doesn't act, foreclosures will rise, home values will drop, and the FHA could get hit with another set of bad loans.
REALTORS® reported that the inventory of homes for sale remains very tight, resulting in multi-bidding in some cases.
Will the recovery in the housing market last? How will Europe's financial issues effect the US market? Nobu Hata interviews NAR Chief Economist Lawrence Yun to get the answers.
In this video, NAR Chief Economist Lawrence Yun talks about pending home sales, which rose strongly in October with mixed regional results.
Pending home sales rose strongly in October with mixed regional results.