Home Builder Confidence Hits All-Time Record
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes. As […]
The Cost of a Home Is Far More Important than the Price
Housing inventory is at an all-time low. Nationwide there are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. In the Twin Cities the number is similar, with 31.5% fewer homes for sale now vs. the same time last year. Zillow recently reported: “Newly pending sales are up 25.5% […]
Is the Economic Recovery Beating All Projections?
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the […]
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