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 »
Tag Archives: home prices
Recovery Lags in Baltimore, Philadelphia, Rockford, Fresno, Stockton
Markets in northern Maryland, southeast Pennsylvania and downstate Illinois are lagging the furthest behind in the recovery while metro area markets in upstate New York, southwest Florida and the Bay Area of Northern California are leading the housing recovery, according to RealtyTrac’s Housing Market Recovery Index. 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 »
Are July Prices Signaling the New Normal?
While extremes continue in some markets, the national trend in Clear Capital’s July data is moderation as markets at both ends of the spectrum stabilize and return to historic patterns. Has the New Normal arrived? 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 »
FHFA: May Prices up 7.3 Percent
U.S. house price appreciation continued in May 2013, rising 0.7 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The May HPI change marks the sixteenth consecutive monthly price increase in the purchase-only, seasonally adjusted index. The previously reported 0.7 percent increase in April was revised downward to a 0.5 percent increase. Read More »
Realtor.com: Inventories are Returning to Normal
While June inventories continue to be down on year-over-year basis, they rose for the sixth consecutive month and are steadily returning to more normal levels. The number of homes listed for sale increased by 4.3 percent in June to 1.9 million homes, the highest level in the last year, according to monthly data released Monday by realtor.com. Read More »
June Price Reports Raise 2013 Forecasts
With the year half over, the first two June national price reports suggest that America could be headed for the biggest annual price increases since the boom years-or not. On a national basis, moderate increases in inventories have had no impact yet on prices. Read More »
Fourteen Major Markets Top Peak Prices
Another measure of the strength of the housing recovery has found that April prices have pushed 14 major markets, including Omaha, Denver and Pittsburgh, over the peak prices they reached during the housing boom. Four, all in Texas, have reached new price levels twice as high as their previous peaks. Read More »