#existing homes

Sales of existing homes rise slightly as more listings finally hit the market. The inventory of homes for sale at the end of June was 1.25 million, representing a 2.6-month supply at the current sales pace.

New Construction Homes – Which For You?

I believe almost anyone can agree that building and buying a new construction home is a major milestone in a person’s life. It could prove to be a very exhilarating, exciting, and rewarding experience, as well as being an overwhelmingly stressful and exhaustive one.  How many prospective homebuyers do you believe are actually interested in purchasing a new construction home versus buying one…

Nationwide Existing Home Sales Dip and Prices Grow Slower. The Housing Market Is Cooling. The median sales price of a single-family home was $356,700, up 14.9% from last year 🏡

Self Help Re-invest $10,500 in Down Payment Assistance

Self Help Re-invest $10,500 in Down Payment Assistance

*Looking to purchase your own home but need help making the down payment? *Self-Help Reinvest is a $10,500 zero-interest Second Mortgage Loan that can assist borrowers whose income is 100% or less of the Area Median Income. It can be combined with the City of Greensboro $10,000 down payment, with a potential $20,500 in assistance. Key Benefits:

WASHINGTON | US new-home sales plunged 8.9 percent in October

WASHINGTON — Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009.

The Commerce Department said Wednesday that new homes sold at a seasonally adjusted annual rate of 544,000 last month. New-home sales have declined in four of the past five months. Over the past year, sales of new homes…

SINGAPORE | Asian stocks fall on fears of softening US economic growth

SINGAPORE — Asian markets were mostly lower on Thursday as a mixed bag of data from the United States that could point to softening growth rattled investors.

KEEPING SCORE: Japan’s benchmark Nikkei 225 was less than 0.1 percent lower at 21,504.00 and South Korea’s Kospi dropped 0.2 percent to 2,071.94 in narrow trading. Hong Kong’s Hang Seng index slipped under 0.1 percent to 25,962.07. The…

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US construction spending fell 1.1 percent in June

WASHINGTON/ August 1, 2018 (STL.News) — Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction spending to a seasonally-adjusted $1.32 trillion, 6.1 percent higher than a year ago, the Commerce Department said. June’s decline was partly offset by an upward revision of May’s figure to 1.3 percent from 0.4 percent. Despite the June declines, analysts expect construction spending to contribute to overall growth in the economy this year, particularly as the market for existing homes remains tight. Government spending on construction projects fell 3.5 percent in June, the biggest decline since March of 2013, when it also dropped 3.5 percent. The last time government spending on construction projects dropped more than that was in November of 2003, when it fell 3.6 percent. Government spending on school construction fell by 11 percent, while spending on power plant projects dropped by 9.5 percent. Spending on private residential projects fell 0.5 percent in June, with the volatile apartment building sector seeing a 2.8 percent decline. Last month, the Commerce Department reported that June housing starts had plummeted 12.3 from the previous month, although through the first half of 2018, new home construction has climbed 7.8 percent year-to-date. Analysts expect continued strength in home construction, driven by a healthy job market and shortage of existing homes for sale.