Existing home sales expanded 0.8% in November, ending five-month slide

Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of Realtors. Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West. All four regions experienced year-over-year sales decreases. Total existing-home sales– completed transactions that include single-family homes,…

ByMHO Newsroom StaffDecember 28, 20230Comments

News Real Estate

New NAR survey finds Americans prefer walkable communities

The National Association of Realtors released a new survey revealing that Americans living in walkable communities report a higher quality of life. The 2023 Community & Transportation Preferences Survey is a national poll taken every three years to gauge people’s partialities regarding their home's location or potential location as well as community attributes they find desirable. “With COVID in…

ByMHO Newsroom StaffJune 30, 20230Comments

Column

Dave Says: Just pile up money, and go do it

Dear Dave, I plan to buy another investment property with cash in the next year or two. Currently, I have $83,000 sitting in a high-yield savings account at 4% interest. My goal is to save another $50,000 to $70,000 in the upcoming months. Right now, 4% is good, but I want to make sure I’m…

ByMHO Newsroom StaffApril 25, 20230Comments

Real Estate

Baby Boomers overtake Millennials as largest generation of home buyers

Generation Z’s share of buyers rises to 4% The share of baby boomers has surpassed millennials and now makes up the largest generation of home buyers, according to the latest study from the National Association of Realtors. The 2023 Home Buyers and Sellers Generational Trends report, which examines the similarities and differences of recent home buyers and…

ByMHO Newsroom StaffApril 7, 20230Comments

News Real Estate

Pending home sales grew for third straight month, up 0.8% in February

Pending home sales grew in February for the third consecutive month, according to the National Association of Realtors. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – improved 0.8% to 83.2 in February. Year-over-year,…

ByMHO Newsroom StaffApril 6, 20230Comments

Business News Real Estate

Gilbert Realty in Mountain Home acquired by ERA Doty Real Estate

Some may have noticed while driving up Highway 62, where Gilbert Realty Group's sign normally sits, has been replaced by a new one. This week, ERA Doty Real Estate has announced its acquisition of the 54-year-old real estate firm. According to Steve Doty, broker and owner of ERA Doty Real Estate, the combined company is…

ByMHO Newsroom StaffApril 5, 20230Comments

Column Real Estate

Dave Says: Tips for a first-time homebuyer

Dear Dave, I’m 20 years old, and I’m planning to buy a home in the next year. Besides having a 20% down payment, what other tips do you have for a first-time home buyer? Also, is there anything I need to guard against when it comes to buying a house? Jacob Dear Jacob, I’m glad…

ByMHO Newsroom StaffMarch 24, 20230Comments

News Real Estate

Existing-home sales surged 14.5% in February, ending 12-month streak of declines

Largest monthly percentage increase since July 2020 Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors (NAR). Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales completed transactions that include single-family homes, townhomes,…

ByMHO Newsroom StaffMarch 23, 20230Comments