Sales of Existing Homes Hit 11 year High
2017 ended up being the best year for existing-home sales in 11 years, according to the National Association of Realtors.
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Tiny Houses May Become Large in New Homes
A recent survey showed that 53% of new home buyers would entertain the idea of a tiny home (600 square feet or less) in the future with Gen Xers and Millennials more open to the idea compared to baby boomers and seniors.
 
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Average Consumer Credit Score Increased in 2017
< style="width:400px" />Experian's State of Credit 2017 Annual Report showed that the average Vantage Score was 675 in 2017, compared to 673 the year before and only four points from the 2007 average of 679.
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Number of Renting Households Decline for the First Time Since 2004
The 2017 Annual Rent Report prepared by ABODO showed that average Rents rose by 2.4% over the course of 2017.  And for the first time since 2004, the number of households that rent instead of own, dropped.
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Pending Home Sales Better than Expected
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.2 percent to 109.5 in November from 109.3 in October. With last month’s increase, the index remains at its highest reading since June (110.0), and is now 0.8 percent above a year ago.
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Home Purchaser's Sentiment Matches All-Time High
The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June.
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The Housing Market Update
The National Association of Realtors released their Pending Home Sales report and there is a glaringly obvious issue: Lack of inventory available for purchase.
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