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Market Trends

Sales Flag Where Prices Climb

Homes sold at an estimated annualized pace of 5.5 million in July 2013, up 4 percent from the previous month and up 11 percent from a year ago — the biggest annual increase in sales volume so far this year. But sales fell last month in states were prices are rising the most. Read More »

Case-Shiller is Still on a Roll

Once again in June, prices increased at a double digit pace in both the 10-City and 20-City Composites Indexes from S&P/Case-Shiller, posting returns of 2.2% for June and 11.9% and 12.1% over 12 months. Read More »

Time on Market Falls to 8.6 Weeks

Houses are selling faster in America than they have in three and a half years, the height of the homebuyer tax credit, as the recovery continues to roar through the summer months despite predictions the torrid pace of sales will slow. Read More »

More Consumers Expect Rates to Rise

The share of consumers who believe interest rates will go up over the next year increased another 5 percentage points to 62 percent, the highest level in the three-year history of Fannie Mae’s July 2013 National Housing Survey. Read More »

Experts Raise Forecast for Home Values in 2013

More than 100 forecasters said they expect home values to end 2013 up an average of 6.7 percent year-over-year, according to the latest Zillow Home Price Expectations Survey, a significant jump from the 5.4 percent annual increase predicted the last time the survey was conducted. Read More »

Cooler Asking Prices Chill Hot Markets

Asking home prices are losing steam as mortgage rates rise, inventories expand, and investor demand declines. Nationally, asking prices dropped 0.3 percent in July – the first month-over-month (M-o-M) decline since November 2012. Seasonally adjusted, prices rose 3.3 percent quarter-over-quarter (Q-o-Q), down from a peak of 4.2 percent in April. Year-over-year (Y-o-Y), prices are up 11 percent nationally, according to Trulia’s July market report. Read More »

CoreLogic: July Prices to Increase 12.5 Percent

July 2013 home prices, including distressed sales, are expected to rise by 12.5 percent on a year-over-year basis from July 2012 and rise by 1.8 percent on a month-over-month basis from June 2013m, the fastest pace since 1977, according to CoreLogic’s Pending HPI released this morning. Read More »

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