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Theresa Springer’s Blog

Time On Market Falls As Inventory Tightens

The amount of time it takes to sell a home has fallen dramatically over the past year, according to new estimates. In July, the median amount of time a home was on the market was 69 days, which is 29.6 percent below last year when it was 98 days. The data, released by the National ... MORE

Real Estate Pros Express Confidence In Market Recovery

The National Association of Realtors’ Confidence Index is based on a monthly survey sent out to 50,000 real-estate professionals assessing expectations for home sales, prices, and the overall market. February’s report finds confidence and expectations on the rise amid continued evidence of a slow and steady market recovery. Though responses didn’t indicate rapid market growth, ... MORE

Number Of Homes For Sale Falls In July

The number of homes listed for sale at the end of July was down 18 percent from a year ago and 1.2 percent from the month before. There were 2.31 million homes listed for sale at the end of the month, according to data from Realtor.com. It was only the fifth time since 2007 inventory ... MORE

Government Scorecard Details Housing Recovery Data

The U.S. Department of Housing and Urban Development and the U.S. Department of Treasury released their May Housing Scorecard, which highlights key market indicators and the Administration’s housing recovery efforts. According to the report, the housing market remains fragile, despite growing evidence of progress in the broader economy. After several months of decline, home prices ... MORE

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