Daily Archives: August 25, 2014

2014’s new home market is ‘running in place’ | Chappaqua Real Estate

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Sales of new single-family homes clung to their same bumpy path again last month, unexpectedly slipping to their weakest annual pace since March, the Census Bureau said Monday.

Neither markedly stronger nor dramatically weaker, sales over the past 10 months haven’t moved much.

“The new home sales figures by now have that lived-in feeling, with few signs of a significant change, in either direction, over the near term,” said Richard Moody, chief economist of Regions Financial.

The new home market is “basically running in place,” he said in emailed comments Monday.

July’s seasonally adjusted annual rate was 412,000, down 2.4% from June’s higher revised rate of 422,000, the Census Bureau said. Previously-reported sales rates for April and May also were revised up.

 

 

 

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http://www.usatoday.com/story/money/business/2014/08/25/july-new-home-sales/14558325/

London housing market put into reverse gear by surge in supply | Mt Kisco Real Estate

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The number of new houses being put up for sale in London is increasing at a rate more than three times the national average as homeowners look to cash in on the surge in property values in the capital.

Meanwhile, demand for housing is rising much faster outside of London than in the capital, where the market has cooled significantly, according to new research.

The figures, published by the estate agents network Sequence, suggests that London has shifted from a seller’s market to one that is increasingly favouring buyers in recent months, while the opposite is true in the regions.

In the UK overall, buyer registrations rose 21pc in the year to July, three times faster than the 7pc increase in properties put on the market. In comparison, there was a 7pc increase in potential buyers and 25pc more houses put up for sale in London.

 

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11053878/London-housing-market-put-into-reverse-gear-by-surge-in-supply.html