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First-time Buyers Fuel Rise in Existing-Home Sales

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First-time buyer activity rose to a four-year high in June, furthering the rise in existing-home sales for the fourth consecutive month, according to the National Association of REALTORS®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June from ...

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Cities where single parenting costs most

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It’s not easy raising one child, let alone two, without a dual income. Now imagine single parenting in a pricey housing market, where most high-paying jobs are concentrated. Unfortunately, the dollar amount required for a secure household in some of the biggest cities reaches far beyond mid-range wages, according to a new report. CareerTrends, Graphiq’s employment research site, used the Economic Policy Institute’s 2015 Family Budget Calculator for location-specific overhead on childcare, food, healthcare, housing, taxes and transportation across 618 communities. With these ...

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Need to boost your real estate skills — fast? Meet your new favorite resource

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Real estate agents have long turned to Inman for the latest marketing and business building strategies and tactics they need to get and stay ahead of the competition.

Now, Inman is launching a completely new way to get the growth strategies that top producers use to win: Select Plus.

Select Plus, in partnership with West (a Williston Financial Group Company), is an online learning library full of insights and advice from the top producers and leading industry thinkers. Designed specifically ...

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Housing Starts Bloom in June

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Homebuilding rates accelerated in June, surpassing expert forecasts for the month and further fortifying the idea that housing is indeed on the mend. According to the Commerce Department, housing starts rose 4.8 percent from a month earlier to a seasonally adjusted annual rate of 1.189 million in June.

However, while both permits and starts improved on a month-to-month basis, the total permits represented a decline of 15 percent compared to last June, and the total number of starts represented a decline ...

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