According to the August Zillow® Real Estate Market Report, home prices and rents slowed as summer wound down, with prices up 6.5 percent year-over-year—a departure from 8.2 percent this spring—and rents unchanged. Based on the Zillow Home Value Index and the Zillow Rent Index, the median price is $216,700, and the median rent is $1,440. In August 2017, home prices were rising 7.4 percent, according to Zillow. On the rental side, appreciation has not exceeded 3 percent for mor

August existing-home sales stabilized, ending a regressive streak, the National Association of REALTORS® (NAR) reports. At 5.34 million, activity neither decreased nor increased from July, but was down 1.5 percent from the prior year. Inventory month-over-month also steadied, at 1.92 million—a jump from 1.87 million the prior year. Activity was carried by the Midwest and Northeast, rising 2.4 percent to 1.28 million and 7.6 percent to 710,000 in the regions, respectively. The

The confidence consumers have in housing is picking up steam—but not because of the market outright, according to the August Fannie Mae Home Purchase Sentiment Index® (HPSI). At 88, the gauge grew 1.5 percentage points month-over-month; however, the confidence consumers have is on par with the prior year, and they are more keen on macro movements than real estate. In fact, 21 percent of homebuyers were optimistic about purchasing, and 38 percent of homeowners were optimistic

Total existing-home sales decreased 0.7% to a seasonally adjusted annual rate of 5.34M in July from 5.38M in June. With last month’s decline, sales are now 1.5% below a year ago. #selling #housingmarket #housing #infographic

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