Sales of newly built single-family homes increased for the third consecutive month, posting a strong showing to the spring selling season, the Commerce Department reported Tuesday. Single-family new-home sales rose 5.8 percent in March to a seasonally adjusted annual rate of 621,000 units.“The March sales numbers are the second highest on record since the Great Recession, which is especially encouraging considering the poor weather conditions t
Results from the composite of single-family home price indices calculated every monthKey Takeaways The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8 percent annual gain in February, up from 5.6 percent last month and setting a 32-month high.February’s S&P/Case-Shiller Home Price Index numbers set a fourth consecutive all-time high — the highest HPI seen in a wh
Amid a surge in new supply, vacancy increases in many major U.S. office markets are slowing price hikes, according to Cushman & Wakefield, a real estate services firm. Nationally, average asking rents for office space rose 1.8 percent between the first quarter of 2016 and the same time period in 2017, the slowest annual rate of growth since 2011, according to data firm Reis Inc.The office market is not expanding at a rate in line with the res
Move over, Silicon Valley, because there are some new tech hubs gaining clout. And where the technology industry goes, real estate booms are sure to follow.The tech boom in Silicon Valley has prompted more U.S. cities to focus on attracting new jobs in the industry, but these are places where most Americans can also afford to live comfortably, according to realtor.com®. The number of people moving to Silicon Valley has dropped by 27 percent betw
Sixty-one percent of U.S. adults believe home prices in their local area will rise over the next 12 months, the highest percentage since Gallup began collecting such data in 2005. That also marks a big difference between 2008 and 2012, when no more than one-third of Americans believed home prices would increase.Residents in the western region of the U.S. are the most optimistic, with nearly three-quarters of residents saying they expect price inc
A man in upstate New York posing as a registered architect allegedly duped businesses and municipalities out of more than $200,000 since 2010. New York Attorney General Eric T. Schneiderman said the scam was similar to a storyline that appeared on the hit 1990s TV show "Seinfeld."Paul J. Newman allegedly drafted architectural renderings for more than 100 commercial and residential properties in Albany, Rensselaer, and Saratoga counties. Newman is
For some buyers, the bathroom is a deal breaker. So if your listing includes these fading bathroom trends, you might have a harder time selling it.All-white bathrooms: They're tough to keep clean, so this trend is definitely reaching its end. "White tile and flooring can stain very easily, and any little mark glares at you from across the room, tainting the crisp, clean concept of an all-white look," says Tonya Bruin, CEO of Canada-based To Do-Do
The average time to close on all home loan types dropped to 43 days in March—the quickest pace since February 2015, according to Ellie Mae's Origination Insight Report. A year ago, the average closing time was 46 days. Broken out, loans to purchase a home took 43 days to close, and refinance loans took 43 days in March, down from 45 and 47 days, respectively, in February.The share of purchase loans last month rose to 63 percent of total origina
Forty-eight percent of homes sold in March were on the market for less than a month, according to housing data from the National Association of REALTORS®. The average for all sold properties, though, was a little higher, at 34 days. Still, that's down significantly from 47 days a year ago, according to NAR. Nondistressed homes spent a median of 32 days on the market, which is the shortest length of time since NAR began tracking such data in May
Explore guided tours of buildings designed and built by famed architects Frank Gehry and Zaha HadidKey Takeaways In honor of Earth Day, Google Earth has relaunched with architecture tours of some of the world's most famous buildings.Just in time for Earth Day (April 22), Google Earth has relaunched with a number of new features, the most stunning of which is a number of guided tours of buildings designed and built by famed architects Frank Gehry
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