Distressed homes, foreclosures and short sales, which are sold at a discount and depress home values, have fallen to the lowest levels since 2009 and are still dropping, according to the latest November market reports. Fewer discounted distressed sales contribute to forecasts of improving prices in the new year. Read More »
Tag Archives: home values
Home Sellers Awake
A year of record low inventories of homes for sale and improving prices may finally be catching the attention of millions of prospective home sellers. Is a seller’s market in the offing? Read More »
Southeastern and Northeastern Metros Rank Lowest on Home Value Forecast List
While California and Texas markets dominate the top tier of the latest Home Value Forecast ranking, the bottom of the list includes metros that could miss the housing recovery in the months to come. Read More »
Homeowners’ Equity Reaches Highest Level in Four Years
In the third quarter, homeowners’ equity rose nearly 18 percent over the level of a year ago to reach the highest level recorded since the second quarter of 2008. Read More »
Luxury Prices Fall Despite Tight Inventories
Though inventory shortages began at the lower price tiers, tight inventories have worked their way up to the luxury levels in the past two quarters. Expensive homes are selling faster than they were a year ago but third quarter prices are down in many markets compared to a year ago Read More »
CoreLogic: Prices on Track for 7.1 Percent Increase
October prices nationwide, including distressed sales, increased on a year-over-year basis by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, according to the latest data from CoreLogic. Read More »
Recovery Softens as More Markets End Year with Annual Price Decline
Over the past few months, the number of markets experiencing year-over-year price declines has steadily increased, while the number experiencing list price increases has steadily declined. Compared to one year ago, a higher number of markets are ending the year with a year-over-year price decline (44 in 2012 vs. 36 in 2011) and a lower number of markets have a year-over-year price increase (71 in 2012 vs.84 in 2011). Read More »
California Condo Listed for a Dollar
Condo values in pricey Mountain View, CA could take a dip Thursday when Realtor Ken DeLeon lists a property for one dollar to initiate a bidding war for the property, with a deadline of Thursday, November 8th. Read More »
Lost Home Equity Leaves Thirty-somethings Vulnerable
Contrary to popular belief, loss of equity in their homes since 2007 has hurt adults in their late thirties more than their Baby Boomer parents, contributing to fears that they will not have enough income and assets for their retirement, according to a new Pew Research survey released today. Read More »
One of Five Say it’s a Good Time to Sell
Last month the largest percentage of Americans since the housing bust said they believe it’s a good time to sell house, according to the latest Fannie Mae National Housing Survey. Read More »