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All-Cash Sales Make Up Fewer Transactions

DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 19, 2015 Fewer buyers are paying all cash for real estate. The percentage of cash sales now matches the lowest share since 2009, comprising 22 percent of existing-home sale transactions in June, according to the National Association of REALTORS®. A year ago, the percentage of all-cash sales from existing-homes stood at 32 percent. Cold Cash Cools Off Cash Sales Are Weakening Here’s Where Buyers Are Paying All-Cash Dwindling Competition for Home Buyers? Individual investors tend to account for the bulk of cash sales and purchased 12 percent ... Read More

Demand for Housing Is Up, but How About Supply?

This was a big week for housing data, with more signs pointing toward demand building. The key question for the housing market will be whether new and existing home supply will follow suit. New construction starts in December were up 4.4%, inching closer to an annualized rate of 1.1 million, which we have not seen since 2007. The increase was driven by single-family, which is a good early sign that homebuilders are gearing production for greater demand in the spring. The December pace of single-family starts was 728,000 units, the highest number since March 2008. Builders remain positi... Read More

10 Reasons 2015 Will Rock for Real Estate

After a slowdown in the market this year, housing analysts and economists have high hopes for 2015. The real estate market is expected to build momentum across the board nest year, mostly because of a strengthening economy. Here’s a recap of some of the real estate forecasts for 2015: Millennial force: Younger professionals are having more luck in the job market, which is expected to help more of them jump into home ownership in the new year. Overall, employment is on the rise, but jobs for Millennials — particularly those aged 25 to 29 — has risen by 3 percent. That’s one perce... Read More

Beach Haven Real Estate Overview

Average price per square foot for Beach Haven NJ was $510, an increase of 26.9% compared to the same period last year. The median sales price for homes in Beach Haven NJ for Jun 14 to Sep 14 was $635,350 based on 27 home sales. Compared to the same period one year ago, the median home sales price increased 9.5%, or $55,350, and the number of home sales decreased 12.9%. There are currently 139 resale and new homes in Beach Haven on Trulia, including 1 open house, as well as 34 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for h... Read More

Mortgage Rates Inch Down After Last Week’s Spike

Fixed mortgage rates for most home loans fell slightly this week after jumping last week to a three-month high. The average interest rate on a 30-year fixed mortgage dipped to 4.20% from 4.23% last week, according to the latest survey from mortgage buyer Freddie Mac. It was at 4.32% a year ago. Meanwhile, the average rate on a 15-year fixed loan dropped to 3.36% from 3.37% last week. At this time last year, it averaged 3.37%. “Mortgage rates were slightly changed with the rate on the 30-year fixed mortgage down three basis points,” Frank E. Nothaft, Freddie Mac vice president a... Read More

Why use Coastal Living Real Estate Group?

When a property is listed with The Coastal Living Real Estate Group we launch an extraordinary marketing campaign. Our 2014 marketing exposure, has expanded to multiple networks targeting a global scope, to unite buyers with sellers. At the center of our marketing strategy we position digital photography and videography to engage our online audience. MARKETING CAMPAIGN Each listing is individually showcased featuring its very own website along with a prominent link on The Coastal Living Real Estate Group’s website for featured properties. With easy navigation, our online users can see... Read More

Pending Home Sales Edge Up

WASHINGTON – Pending home sales improved for the second straight month in April, according to the National Association of Realtors®. Gains in the Midwest and Northeast offset declines in the West and South. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.4 percent to 97.8 in April from 97.4 in March, but is 9.2 percent below April 2013 when it was 107.7. Lawrence Yun, NAR chief economist, expects a gradual uptrend in home sales. “Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates ... Read More

Forecast for Housing and the Economy Suggests Gradual Improvement through 2015

WASHINGTON  – Housing activity was sub-par in the first quarter of this year, dampened in part by severe weather patterns, but an uptrend is expected with healthy underlying demand over the balance of the year and through 2015, according to presentations at a residential real estate forum here during the Realtor® Party Convention & Trade Expo. Lawrence Yun, NAR chief economist, said the U.S. population has been growing steadily, but job creation has not. “When you look at the jobs-to-population ratio, the current period is weaker than it was from the late 1990s through 2007,” he ... Read More

Realtors® Declare Confidence in Commercial Market

WASHINGTON (May 15, 2014) — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come. National Association of Realtors® Chief Economist Lawrence Yun joined economists and research experts from leading real estate firms during a panel discussion about the major forces shaping commercial real estate markets. The paneli... Read More

Pending Home Sales Edge Up

In this video, NAR Chief Economist Lawrence Yun talks about the rise in home prices, increase in inventory, and the cyclical nature of the housing market, and gives short- and long-term forecasts. “Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.” Read More