With expectations high heading into spring, it’s been a decidedly underwhelming season. May marks the fifth consecutive month national yearly home price growth has softened. By year’s end, home prices are expected to normalize in the sub 5% annual growth range according to Clear Capital’s latest forecast in July’s HDI Market Report. Despite a lethargic spring buying season, the range … Read More »

Despite weak demand and an infusion of new listings over the past two months, listings are selling nearly as fast as a year ago and prices are still rising. Realtor.com reported this week that in April the total U.S. for-sale inventory of single family homes, condos, townhomes and co-ops rose by 8.56% over March, from 1,841,844 units in March to … Read More »

Housing markets overall are largely flat compared to a month ago and especially since last year at this time. Of those markets that are improving or experiencing a stable range of housing activity, most are benefiting from the energy boom taking place along the country’s mid-section. Freddie Mac’s Multi-Indicator Market Index (MiMi) reports that: The national MiMi value stands at … Read More »

Prices have sagged in South Carolina for several years, making markets like Myrtle Beach and Charleston popular sites for dozens of best bargain lists. The latest quarterly report from the government’s FHFA House Price Index (HPI) reports the Charleston market led the nation in price increases during the first quarter. As measured with purchase-only indexes for the 100 most populated … Read More »

April sales were 10.9% better than they were in a rather dismal March, but they were still slower than they were a year ago by 7.8%, according to RE/MAX’s monthly  market report. In March, all 52 surveyed metro areas reported monthly sales increases, a trend continued in April with 50 of the 52 metros experiencing sales increases from the previous … Read More »

More than 100 housing economists and experts participating in a quarterly survey expect nationwide home values to appreciate 4.4 percent through the end of this year.  The most optimistic group of panelists predicted a 5.8 percent annual increase in home values this year, on average, while the most pessimistic predicted an average increase of 3.2 percent. .Panelists said they expect … Read More »

After more than two years of recovery, homes in mid-tier price ranges now offer the now offer home buyers the best deals, relative to peak values, according to a new analysis by Clear Capital. After 32.3% growth from the trough in 2011, low-tier deals appear to be played out compared to mid-tier deals (homes selling between $95,000 and $310,000 nationally), … Read More »

The year over year price increases that the real estate industry has grown accustomed to may be in for some dicey days if sales in April aren’t better than March.  March prices registered an 11.1 increase over 2013, 1.3 percent higher than February, but CoreLogic is forecasting a rise of only 0.8 percent in April. The CoreLogic HPI Forecast indicates … Read More »

  April is supposed to be the month that real estate agents’ phones ring off the hooks, yard signs sprout like dandelions, buyers line up for showings and offers fall from the sky like cherry blossom petals. Above all, this was to be the spring season when at last all the stars were properly aligned in the real estate galaxy … Read More »

  Market forces are changing the shape of luxury locations, expanding borders to enlarge the supply of million dollar plus homes just outside of historically affluent neighborhoods.  Unlike homes at the other end of the price scale where inventory shortages fueled double digit price increases, the new growth is a result of the reviving economy Coldwell Banker Previews International® released … Read More »