Daily Real Estate News | Thursday, January 29, 2015 Home owners are living in their homes longer. Typically, home owners stay in their homes six or seven years before making a move. But in 2014, that number grew to a 10-year average, according to research by the National Association of REALTORS®. NAR researchers are predicting that “pent-up sellers” will likely … Read More
Existing-Home Sales Rebound in December, 2014
WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013. Total … Read More
Over a Decade, How Does the Market Fare?
Daily Real Estate News | Wednesday, January 21, 2015 While home sales this year are lower than they have been over a 10-year average, prices and inventory are both beating the average, according to National Association of REALTORS® researchers. NAR’s Economists’ Outlook blog recently took a closer look at housing market conditions based on a 10-year average outlook to gauge … Read More
70 acres protected in Teton Canyon
The drive up Ski Hill Road to Grand Targhee Resort is awe-inspiring with breathtaking Teton mountain views. Thanks to the generosity of Frank and Maryann Russo, 70 acres of that magnificent beauty is now protected, forever. In July of 2014, the Russos purchased half of a 140-acre ranch at the base of Teton Canyon in a local auction. The Russo … Read More
One of the top states for public schools is … Wyoming?
By Emma BrownJanuary 8 Education Week has come out with its annual state rankings for public education, and topping the list are plenty of the usual suspects, many of them in the Northeast. But also making its debut in the top 10 is a surprise: Wyoming, a state better known for its cowboys than its excellent schools. Wyoming jumped from … Read More
90% of Mortgaged Homes Have Equity Again
Daily Real Estate News | Monday, January 12, 2015 About 273,000 homes returned to positive equity in the third quarter of 2014, bringing the total to 44.6 million of all properties with a mortgage, according to a newly released equity report from CoreLogic using data from the third quarter of 2014. That number represents around 90 percent of all mortgaged … Read More
Mortgage Rates Kick Off 2015 at 20-Month Low
Daily Real Estate News | Friday, January 09, 2015 Borrowing costs moved even lower this week, with the 30-year fixed-rate mortgage averaging 3.73 percent, its lowest average since May 2013. “Mortgage rates fell to begin the year as 10-year Treasury yields slid beneath 2 percent for the first time in three months,” says Frank Nothaft, Freddie Mac’s chief economist. “Meanwhile, … Read More
Stronger Economy Drives New Home Buyers
Daily Real Estate News | Wednesday, January 07, 2015 The strengthening of the economy and the labor sector is prompting more young professionals to gradually return to the real estate market. Since the housing turnaround started in 2012, many first-time home buyers have been shut out, with a poor labor market and low wages forcing many young professionals to move … Read More
Pending Home Sales Show Modest Gain in November
WASHINGTON (December 31, 2014) — Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced a slight gain in activity in November. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.8 percent to … Read More