While we don’t typically delve into the housing market as a whole, we will be rounding up housing news and publishing it periodically. Land and homeownership are important and large investments, understanding the local and national housing market is crucial to making the right decisions.
Here are 5 of the latest and most informative articles:
1. The cities with the largest homes- American families tend to spend about a third of their annual income on housing. Yet, depending on their location and the level of the family’s income, home sizes can vary widely. Based on data from property listings website Realtor.com, the largest homes in the U.S. are located in the Provo-Orem, Utah metropolitan statistical area, with a median home containing nearly 2,000 square feet. Keep Reading.
2. Utah housing sector expected to improve over the next two years- Home prices are expected to build during the next two years, increasing slowly in the first half of the year and accelerating during the second half of 2013 and into 2014, according to an analysis of indexes from Fiserv Case-Shiller, which measures the average change in home prices in particular geographic markets. Keep Reading.
3. Best Buy Cities: Where To Invest In Housing In 2015- With the housing market stabilizing and last year’s dramatic price increases behind us (on a national basis, at least), it’s not as easy to quickly flip homes for a profit. Instead, now might be a good time to think about buying housing to hold for the long-term. Keep Reading.
4. Existing Sales Momentum- Completing an improved second half of 2014, existing home sales increased 2.4% in December, although the share of sales for first-time buyers continued to disappoint. Existing home sales exceeded a 5 million sales pace for the sixth time in the past seven months, and were 3.5% above the same period a year ago. The National Association of Realtors (NAR) reported December 2014 total existing home sales at a seasonally adjusted rate of 5.04 million units combined for single-family homes, townhomes, condominiums and co-ops, up from 4.92 million units in November. Keep Reading.
5. Eight Cities Where U.S. Home Prices Are Setting New Records- Prices are near their previous peaks in four other markets. Prices were just 0.9% below their June 2006 peak in Columbus, Ohio, and 2.8% below their August 2005 high in Boston. In Kansas City, Mo., prices stood 4.4% below their June 2007 peak, while they were 4.6% below the July 2007 high in Salt Lake City, Utah. Keep Reading.