by Anthony | Dec 18, 2020 | 2020 Trends, Construction, Inventory Shrinkage
The surge in residential real estate, especially in suburban and rural markets, has given home flippers a big boost to their bottom lines. Inventory shortages are not only benefiting sellers in this market but those individuals who were able to purchase distressed...
by Anthony | Nov 9, 2020 | Construction, Counsellors Title Agency, Existing Home Sales, Housing, Inventory, Real Estate News
According to the National Association of Realtors, home sales on existing homes increased in the Northeast by 2% at 27.7% annually. The Northeast’s sustained month-to-month increase was due primarily to the exodus from densely populated areas into more suburban...
by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News
Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...
by Anthony | Oct 15, 2020 | 2020 Trends, Construction, Housing, Real Estate News
The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...
by Anthony | Sep 22, 2020 | 2020 Trends, Construction, Counsellors Title Agency, Housing, Real Estate News
In the middle of a pandemic, in the middle of a massive recession with job losses being registered in the millions, there is a boom happening in the real estate industry. This time can only be described as a convergence of trends that have been in the making for...
by Anthony | Aug 19, 2020 | Construction, Real Estate News
Not to anyone’s surprise, but the Commerce Department reported that housing starts surged by 22.6%. This represents the largest increase in nearly four years dating back to October 2016. Housing starts came in at 1.496 million units in July, which was revised...
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