Six months ago all the stars were aligned for a spring market that would take America’s housing recovery to new levels and perhaps the rest of the national economy with it. Since then too many things have gone wrong take for granted another good year.  First, inventories dragged, failing to replenish at a healthy rate through most of the winter … Read More »

  Home sales took another deep dive in February, falling 7.1 percent below the 4.95 million-unit level in February 2013 to the lowest level of sales in any month since July 2012, when annualized sales stood at 4.59 million.  The size of the sudden decline suggests that there might be more than bad weather behind the bad news. NAR chief … Read More »

    The outlook for a more abundant, more affordable selection of homes for sale this spring improved considerably in February.  Sellers in most markets are responding to the price increases of the past year, suggesting they are increasingly optimistic about the housing recovery and the underlying strength of market demand through 2014, according to the latest February data from … Read More »

In its latest report on the economy, Federal Reserve economists report that winter weather has contributed to a slowing of real estate markets and inventories are low in most districts. The Fed’s latest Beige Book reports that residential real estate markets continued to improve in several areas, albeit modestly. Boston and New York gave mixed reports on sales, and Philadelphia, … Read More »

  Prices in the new year will pick up almost where last year left off, registering a 10.2 percent increase in January over a year ago according to CoreLogic.   However, the double digit increase is a slight decline from December’s 11 percent.  Is it a sign of softer prices to come? Rising foreclosure and short sale prices helped December record … Read More »

Data through November 2013 showed that the 10-City and 20-City Case-Shiller Composites increased 13.8% and 13.7% year-over-year. Dallas posted its highest annual return of 9.9% since its inception in 2000. Chicago also stood out with an annual rate of 11.0%, its highest since December 1988. For the month of November, the two Composites declined 0.1%. After nine consecutive months of … Read More »

By Charlie Young, President and CEO of ERA Real Estate                                                                                                     … Read More »

  Florida’s housing market reported higher median prices, more new listings, fewer days on the market and the continued stabilization of inventory in December, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 19,497 last month, up 8.6 percent over the December 2012 figure. “Florida’s housing market continues to demonstrate its recovery,” … Read More »

As the year ended, inventories retreated to virtually the same levels as last year, erasing the year-over-year inventory growth and raising questions about the possibility of a return to the market dynamics of last year, which saw inventory shortfalls drive price increases and curb demand. Inventories fell 6.24% in November as the home sales season ended and owners pulled their homes off the market until spring. Read More »

Prices on both S&P/Case-Shiller Home Price Indices reached their highest year-over-year gain in nearly eight years in October as they rose 0.2 percent over September. It was the seventeenth consecutive month that both the 10 and 20-city indexes increased on an annual basis. Read More »