Posted in home

Latest Report from HouseCanary Indicates Home Sellers Are Far More Spooked by Uncertainty Than Prospective Buyers

Housing Supply Remains Tight as Weekly New Listing Volume Declines 12.2% Week-Over-Week and Net New Listings are Down 12.4% Year-Over-Year

Home Sales Activity is Outpacing 2019 Levels by 1.4% as First-Time Buyers and Urban Renters Look to Purchase Suburban Homes

Transaction Prices Remain Elevated Across Nearly 40 States Due to Weak Supply and Steady Demand, with 23 States Increasing Week-Over-Week

HouseCanary, Inc. (“HouseCanary”), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between the week ending September 11, 2020 and the week ending March 13, 2020 versus the same period in 2019. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200917005272/en/

HouseCanary Market Pulse Report (Photo: Business Wire)

Jeremy Sicklick, Co-founder and Chief Executive Officer of

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Posted in home

Millennial home buyers head to the burbs, face urban-core-like bidding wars

All it took was a global pandemic for millennial home buyers in Boston to start doing the previously unthinkable: ditching the city for suburbia.



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But city dwellers are bringing some elements of downtown living with them as they begrudgingly move to the burbs.

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The prepandemic housing market in Boston’s urban core was notoriously tight. Bidding wars sent condo prices even farther into the stratosphere, with accepted offers sometimes surpassing $50,000 over asking. But that phenomenon is no longer just a Boston one, as home buyers flee the city for more outdoor space and square footage in a housing market that is still supply constrained like the urban core.

“It was outrageous: people bidding against themselves, and, in all those instances, you had to waive your inspection and mortgage contingencies, appraisal — all of it,” Alice Rouse, 32, a photographer who recently purchased a home

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Posted in home improvement loans

Home buyers gain no ground despite record low rates | Business

North Texas home prices were still on a tear last month as the median price of a Dallas-Fort Worth home rose 8.6%. The average price of a North Texas home was up 11.2% compared to August 2019. Within the City of Denton, prices were more muted as the unusual jump in luxury home sales skewing the July numbers disappeared. As a result, the median price of Denton home was up only 1.9% year-over-year. The average price of a Denton home rose 3% to $296,801.

The big monthly drop in average Denton home prices brings them closer to trend, but still elevated considering the backdrop of the economy and the employment sector. The numbers for Denton County in August show median home prices jumping 6.3%, with average prices up 7.4% compared to a year ago. Sales of Denton County homes rose 10%, while pending sales (contracts) for Denton County homes rose

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Posted in home repair

Home Sales Are Down in 2020. Here’s What That Means for Buyers

Lower inventory means higher prices for buyers, and less selection.

Mortgage rates are historically low this year — but so is housing inventory. In June 2020, there were 18.2% fewer homes available for purchase than there were in June 2019. And the number of home sales in June 2020 was 11.3% lower than it was the year before, according to new research by The Ascent into average house prices by state. This is actually very bad news for buyers for a number of reasons.

Why declining home sales spell trouble for buyers

You’d think that a drop in home sales might work to the advantage of home buyers. After all, low sales volume would seem to indicate, at least at first glance, that buyers aren’t biting. In this case, sellers might be desperate enough to lower their asking prices.

But when we dig deeper, that’s not what’s happening here at

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