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GOBankingRates found the 50 cheapest places to retire by analyzing the 100 biggest U.S. cities based on annual. $44,588 Percent of seniors: 13.4% Livability score: 69 Median home value: $121,300.
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New home sales in the U.S. were down for the fifth consecutive month in March, falling by 8.5% to 526k, much lower than the 580k level expected by economists, and setting a new low since October 1991.
Yet Investment Sales Climb 4.5 Percent According to a new U.S. second-home survey by the National Association of Realtors, last year’s strongest pace of existing home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors.
Sales of new U.S. homes plummeted in March, as the spring buying season opened with sharp declines in the Northeast and South. Sales of new U.S. homes plummeted in March, as the spring buying.
The U.S. negative equity rate at the end of 2016 – the nationwide share of underwater homeowners, those with a mortgage owing more than their home is worth – fell to 10.5 percent, down from 13.1 percent at the end of 2015 (figure 1), according to the Zillow 2016 Q4 Negative Equity Report.
Falling home prices and sales could be a feast for potential buyers but are definitely a worry for homeowners and those in the real estate industry. Existing home sales declined 3.9% in November compared to October, and plummeted 13.4% from a year ago, according to the California Association of Realtors. Statewide home sales have dropped for seven consecutive months compared to a year ago.
"With home prices and rents rising as fast as they are, it’s a common assumption that young adults in many cases cannot afford to live alone," said Zillow Chief Economist Dr. Svenja Gudell. "Though that may be true in some markets, there’s still a large number of amazing places across the U.S. that are prime for millennials to thrive independently.
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