New home purchase apps rebounded in August
September new home sales rebounded sharply from August, increasing 18.9 percent to 667,000 units (SAAR) according to the Census Bureau, the most sales in a single month since October 2007. The South accounted for more than three-quarters of the increase, suggesting the rebound was driven by recovery from Hurricanes Harvey and Irma.
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· ”New home sales in September dropped to its lowest sales pace since December 2016," said Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting. "Additionally, the year-over-year drop of 18 percent was the first since August 2017 and the steepest drop since April 2011.
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The median sales price of a new home sold in August 2014 was $275,600; the average sales price was $347,900. As of August, there were about 203,000 new homes for sale, about a 4.8-month supply.
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Construction is under way at a new residential project in Shijiazhuang, Hebei Province. Home prices in both new and existing markets rebounded in August with first and selected second-tier cities.
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The most downloaded real estate app for both Apple and Android phones, Zillow’s app includes an interactive map and home value estimate that are signature features offered by the brand. With more than 100 million homes in its database, Zillow’s app is the most popular method by far.
Sales of newly built homes rebounded in August, showing that Americans continue to buy homes despite higher borrowing costs. New-home sales rose 7.9 per cent in August.
New-home purchase apps slower than expected in April. HomeNews. by Francis Monfort 14 May 2018. Most Read. The Many Ways to Be Relieved of Your Timeshare Obligations.
August New Home Purchase Mortgage Applications increased 6.8 percent year over Year. The average loan size of new homes increased from $329,483 in July to $334,940 in August. MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 655,000 units in August 2017, based on data from the BAS.
Pricing and availability When it debuted in August. of new Cloud Silver and Midnight Black versions of the Note 9. Cloud.