4 December 2017
Here’s a recap from the National Association of Realtors’ new Housing Minute monthly video series >>
Every month, economists release a number of indices, reports and analyses of the housing market, and it can be difficult to keep up with them all.
Thankfully, the National Association of Realtors (NAR) recapped the month in its new Housing Minute monthly video series.
October existing-home sales increased 0.7 percent to a seasonally adjusted annual rate (SAAR) of 5.48 million — up from a downwardly revised 5.37 million in September, and home sales prices rose 5.5 percentage points to $247,000.
Pending home sales experienced an uptick as well. The PHSI increased 3.5 percentage points to 109.3 from a downwardly revised 105.6 in September.
The average new home price topped $400K for the first time ever.
Zillow and realtor.com released their 2018 housing market predictions, which hold a lot of welcome news for buyers in the form of increased inventory and lower home prices.
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