A new study ranks three separate cities in Virginia as the best places for first-time homebuyers. The study compares 300 cities of varying sizes, scoring them in 22 separate categories.
Read More »Numbers of Prospective Homebuyers on the Upswing
How many millennials report that they are actively searching for a new home? Find out how the buyers’ market breaks down.
Read More »Housing Prices Lead Recovery, but Permits Still Lag
According to one analysis, the labor market in over 100 metro areas is considered "back to normal." How will this improvement correlate with rising interest rates?
Read More »Housing Starts Show Modest Gains
Though the gains in starts and permits are modest‒‒not to mention multi-faceted‒‒the upturn is certainly more welcome news to industry pundits than the numbers that came from February. That month, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported that privately-owned housing starts had hit their lowest rate in years. Housing starts were down 17 percent from January and 3.3 percent below the February prior.
Read More »Builder Confidence Hits Six-Month High
The National Association of Home Builders' (NAHB) Housing Market Index (HMI) registered a score of 53 in the group's July survey, increasing four points from June. "This is the first time that builder confidence has been above 50 since January and an important sign that it is strengthening as pent-up demand brings more buyers into the marketplace," said NAHB Chair Kevin Kelly.
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