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California home sales gaining momentum

Pending home sales in California show that existing home sales could see another increase in the fall if the momentum continues. The recent slow-down in San Francisco, however, leaves other markets to pull the momentum. Source: 1

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McMansions prove to be poor investment

In a shocking turn of events, it turns out Americans don’t want to buy ugly homes after all, according to Bloomberg. The McMansion craze that started in the late 1990s hit its end when home prices with these homes failed…

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Home sales decrease for first time in months

Home sales are down for the first time since November while home prices continue to increase even higher. NAR explains two major factors to the sudden drop in home sales, and what it will mean for the remainder of 2016.…

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FHFA: Homes are becoming slightly more affordable

Home prices aren’t rising as fast as economists predicted. In fact, a close look at the month-over-month price changes during the quarter reveals a potentially significant market shift, according to the FHFA. Source: 1

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July New Home Sales Soar to Eight-Year High

A recent new home sales report for July showed that sales of newly built homes increased 12.4 percent since June, and rose 31.3 percent year-over-year. This surge marks the highest point in almost eight years. “New homes are being purchased…

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Stay Safe and Earn Big with MVP

NAR PULSE—Register now for the free REALTOR® Safety Program Webinar on Sept. 14 titled, “Get Smart about Smart Homes and Your Safety” to earn a free The Little Red Book: Safety Rules to Live By for REALTORS®-Download, and be automatically…

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