Existing-home sales are forecast to expand 1.7 percent in 2017, but a new housing affordability model created jointly by the National Association of Realtors and Realtor.com
According to the latest quarterly Rental Report by Daft.ie, residential rents in Ireland rose nationwide by an average of 13.5% in the year to December 2016.
A brisk fourth quarter sales pace pushed available U.S. housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016.
According to CoreLogic's latest Home Price Index for December 2016, U.S. home prices are up both year over year and month over month.
New-home construction during the fourth quarter of 2016 remained tepid in many markets due to regulatory and supply-side constraints.
According to the National Association of Realtors, pending home sales picked up in December 2016 as solid increases in the South and West offset weakening activity in the Northeast and Midwest.
The National Association of Realtors Chief Economist Lawrence Yun issued the following statement in reaction to this past Friday's U.S. Department of Commerce report on Gross Domestic Product (GDP) in the fourth quarter of 2016:
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose 12.2 percent annually in 2016 to 563,000 units, the highest yearly gain since 2007.
According to STR and Tourism Economics' first forecast of 2017, the U.S. hotel industry is projected to see slower but steady growth through 2018.
Hotel consulting firm STR is reporting that their Baird/STR Hotel Stock Index increased 7.1 percent from November to December 2016, and closed the year up 19.6 percent at 3,702.
U.S. foreclosure filings were down 14 percent from 2015 to the lowest level since 2006, when there were 717,522 U.S. properties with foreclosure filings.
Real estate tech startup Global Listings, Inc. has just announced the launch its global online real estate listings search platform, GlobalListings.com.
Home remodelers' average profit margins have increased since 2011, indicating they are running their businesses more efficiently as residential remodeling activity steadily improves.
According to the latest Ireland House Price Report released by Daft.ie this week, home prices in Ireland rose by an average of 8% during 2016. The rate of inflation in Dublin was 5.1%, below the national average.
California pending home sales dropped from both the previous month and last year in November 2015, indicating that the robust sales registered in November will likely not be repeated in the months ahead.
A sharp decline in multifamily starts pushed overall housing production down 18.7 percent in November to a seasonally adjusted annual rate of 1.09 million units.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 9, 2016, mortgage applications in the U.S. decreased 4.0 percent from one week earlier.
Southern Nevada home prices bucked seasonal trends and increased heading into the holidays while home sales continued to exceed last year's pace.
According to the National Association of Realtors, U.S. pending home sales were mostly unchanged in October 2016, but did squeak out a meager gain for the second consecutive month.
According to Ireland property website Daft.ie, the bulk of new properties currently available that qualify for the Governments first-time buyers scheme are located in Dublin and Dublin's commuter counties.