In October, the five healthiest markets were San Jose (Market Health Index of 9), San Francisco (8.9), Los Angeles (8.6), San Diego (8.4) and Denver (8.1). among the country’s top 30 largest metro markets covered by Zillow’s new healthy homes report while in September Homes .com reported a majority of the nation’s largest markets, 52 percent, have recovered more than half of the equity lost during the housing depression. Read More »
Market Activity
November Sales Sink Below 2012
Home sales in November saw a surprisingly steep drop, down 16.8 percent from October and falling 10.9 percent year over year. This is the first time in 2013 home sales have dipped below 2012 levels. Read More »
Fed Economists Sound the Alarm on Investors
Real estate investors large and small have helped clear foreclosure inventories, supported prices in ailing markets and renovated sizable portions of the nation’s housing stock. However, if their share of the housing stock or debt financing grows, they could pose significant risk to the nation’s financial stability, a new study by two Federal Reserve economists concludes in what is believed be the first study exist on the effect of single-family-real-estate business investor activity on housing markets or other outcomes. Read More »
Prices Turn Frosty in First November Data
National and regional rates of growth showed clear signs of winter chills in November, as summer buying activity gave way to the typical winter slow down. Nationally, home prices cooled off to a 10.8% year-over-year growth, a slight tapering over the previous quarter’s 11.0% yearly growth Read More »
Did the IRS Shutdown Torpedo Pending Sales?
Most market reports are tracking declining sales as the hottest real estate year in nearly decade cools down with the onset of the fall and winter months. But none sank as quickly or as far as NAR’s October Pending Home Sales report. Read More »
Hedge Fund Purchases Plummeted in October
Institutional investor purchases in October were lower than a year ago and represented only 6.8 percent of all home sales in October, a sharp drop from a revised 12.1 percent in September and down from 9.7 percent in October 2012. Read More »
Investors’ Market Share Rises as Foreclosures Fade
Despite a seasonal slowdown in activity, the housing market continued to post some interesting metrics in October, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Relocating Buyers Light up Sales in Four “Under the Radar’ Markets
The Villages in Sumter County, Fla.; Sugar Land, Texas; Statesboro, Ga.; and Hays County and Austin, Texas have a number of things in common-especially their position atop the latest list of places homebuyers would love to live. Read More »
Fifty-two Percent of Largest Markets Have Recovered Half of Lost Equity
A majority of the nation’s largest markets, 53 percent,have now recovered more than half of the equity that they lost during the Great Recession, according to the latest Rebound Report from Homes.inc. Read More »
CoreLogic: September Prices Up 12 Percent
The CoreLogic Pending Home Price Index indicates that October home prices are expected to rise by 12.5 percent on a year-over-year basis and rise by 0.1 percent on a month-over-month basis from September. Read More »