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Market Activity

Will this be a Spring for Happy Dancing?

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 »

Sales Freefall Continued in February


  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 »

Sellers are Listing Despite February Freezes

    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 »

Fed Reports Winter Cools Inventories

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 »

CoreLogic Projects January Prices up 10.2 Percent

  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 »

Case-Shiller: Dallas, Chicago Broke Records in November


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 »

Sweet Spots

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

Florida Prices Rise for 25 Months

  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 »

Low December Inventories Echo Last Year


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 »

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