Fannie Mae’s latest economic outlook for the year is counting on housing to double its contribution to GDP in 2014, largely due to new homebuilding activity. Read More »
Tag Archives: Housing recovery
Detroit, Santa Barbara and Reno Lead Turnaround
Detroit, Santa Barbara, Calif. and Reno, Nev. markets are currently leading the nation in recovery according to realtor.com’s third quarter ranking of America’s top turnaround markets. Read More »
August Values Rose in Fewer Local Markets
Prices increased on a month-over-month basis in 253 of the top 300 markets, fewer than 293 in July, according to Homes.com’s Local Market Index for August. Read More »
Stabilizing September Prices and Inventories Build Market Equilibrium
In September, inventories have returned to levels of a year ago and the buying season ended with the greatest price gains seen in years, according to realtor.com’s September trend report. Read More »
Peaking Prenups Prove Housing is Hot
Nearly two-thirds of divorce attorneys report an increase in prenuptial agreements over the past three years. Protection of the increased value of property was the leading asset spouses want protected. Read More »
Climate Improves for Luxury Buyers
CoreLogic Sees Even Higher Prices in September
In its forecast for September year over year home prices, CoreLogic is ignoring predictions for a slowing down of the recovery with the end of the 2013 home buying season and predicts a 12.7 percent price hike in September after reporting August prices reached 12.4 percent. Read More »
All Top 100 Markets Gained in Homes.com July Data
Utilizing home pricing data for the period ending July 2013, the Homes.com Price Index showed gains for single-family properties in all 100 markets, up from 87 in the previous reporting period. Read More »
Investors Lead August Retreat
August showed a slowdown in traffic for all three groups of homebuyers – current homeowners, first-time homebuyers and investors but investors were the only group in the HousingPulse Homebuyer Traffic Indexes that scored below 50 in August, which indicates traffic dropped below what is considered a “flat” traffic level. Read More »
RE/MAX Reports Median Price Rises 12.9 Percent
The 2013 summer selling season ends on a strong positive note, with both home sales and prices significantly higher than last year. August becomes the 19th month in a row that both metrics were higher than the same month in the previous year. August home sales were up 6.5% and the Median Price of $188,450 was 12.9% higher than August 2012. Read More »