Existing-Home Sales Grow 1.8 Percent in May; Highest Pace in Over Nine Years

WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month. Total … Read More

New development at the King

As Snow King continues to evolve, more large-scale developments are being planned. The latest proposal, called Town Hill Lofts, is designed as a new mixed-use building at the base of Snow King, on 680 S. Cache St. The Jackson Planning Commission will review the project and take public comment July 6. The current design consists of 38 housing units and … Read More

Pending Home Sales Lift Off in April to Over 10-Year High

WASHINGTON (May 26, 2016) — Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline. The Pending Home Sales Index,* a forward-looking indicator based … Read More

Feds flush out South Fork of the Snake River

The annual spring bump in flows coming out of Palisades Reservoir is underway, and water managers are slowly boosting water releases for at least the next few days. Aimed at imitating the natural cycle, restoring riparian habitat and helping Snake River cutthroat trout, the “flushing flows” are increasing at a rate of about 1,000 cubic feet per second each day … Read More

Pending Home Sales Lift Off in April to Over 10-Year High

WASHINGTON (May 26, 2016) — Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline. The Pending Home Sales Index,* a forward-looking indicator based … Read More

Existing-Home Sales Rise in April for Second Straight Month

WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West. Total existing-home sales1, which … Read More

Pending Home Sales Maintain Momentum in March

WASHINGTON (April 27, 2016) — Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors®. Only the West region saw a decline in contract activity last month. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.4 percent … Read More

Mortgage Rates Reach a New Low for 2016

Daily Real Estate News | Friday, April 15, 2016 The 30-year fixed mortgage rate dipped to its lowest average of the year this week, averaging 3.58 percent, Freddie Mac reports in its latest mortgage market survey. “Demand for Treasuries remained high this week, driving yields to their lowest point since February,” says Sean Becketti, Freddie Mac’s chief economist. “In response, … Read More

First-Time Buyers Use Guest House for Savings

Daily Real Estate News | Monday, April 11, 2016 Some first-time buyers are finding ways to cover the costs of home ownership by purchasing a multi-unit home that can accommodate a mother-in-law apartment or another rental unit. The added money can then help them cover their mortgage. “Renters like the privacy and homey feel of an accessory dwelling over renting … Read More

5 things to consider before you buy or build

There’s nothing like stepping into the fresh, clean simplicity of a newly constructed home. Then again, it’s tough to replicate the ambiance of a well-loved, classic home on the corner of an old tree-lined neighborhood. Knowing whether to build or buy a home can be a tough call, and it could end up being a simple matter of personal preference.  … Read More