Archive of posts tagged housing market

Just Listed in Newport Beach – Offered at $11,375,000!

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JUST LISTED! – 1310 West Bay, Newport Beach — $11,375,000 More details on Renee’s site here and at the property website, www.1310WestBay.com. This extraordinary Tuscan-style custom home is located on the Newport Beach bay front, with unobstructed water views. The three-story home includes: three bedrooms, six bathrooms, a wine room, office, five fireplaces, a theatre, …

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Tips for buying in a tight market

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It’s always hard to predict how long it will take to find a home to buy. Given the current low-inventory environment, it may take you longer than it would in a balanced market that has enough homes for sale to satisfy the current buyer demand. Patience needs to be a key component of your home …

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Home sales up 10.3% this past year

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Despite slight monthly decline, existing-home sales up 10.3% from a year ago Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than …

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Fannie Mae sees housing upturn as “intact”

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Despite some bumps in the road, the housing upturn is “intact” and rising home prices are expected to boost household net worth and offset fiscal tightening, according to a monthly economic outlook released by economists at Fannie Mae. Tight inventories continue to restrain sales of existing homes. Although the number of homes on the market …

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