Tag Archive | “Housing recovery”
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.
Continue reading…Cooler Asking Prices Chill Hot Markets
Wednesday, August 7, 2013
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.
Continue reading…Are July Prices Signaling the New Normal?
Wednesday, August 7, 2013
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?
Continue reading…Home Sales Cool Down as Summer Heats Up
Tuesday, August 6, 2013
Sales in the nation’s fastest markets are slowing down as inventories rebound. In June fewer homes went under contract within one or two weeks of being listed, continuing a slowing pattern that began in April.
Continue reading…Nineteen Markets have Fully Recovered from the Housing Crash
Wednesday, July 24, 2013
Nineteen real estate markets have made more than a 100 percent recovery from the housing crash, and their median prices now exceed the very highest prices achieved during the housing boom of 2003 to 2007, according to Homes.com.
Continue reading…FHFA: May Prices up 7.3 Percent
Tuesday, July 23, 2013
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.
Continue reading…Home Values Seen Rising 5 Percent More over 12 Months
Tuesday, July 23, 2013
With values up 5.8 percent year-over-year at mid-year and 2.4 percent from the first quarter, they are expected to rise another 5 percent over the next 12 months, according to the Zillow Home Value Forecast.
Continue reading…Homeowners Surge, Investors Slump
Monday, July 22, 2013
A sea change in the housing recovery is underway. Current homeowners are providing much of the buying power currently driving the housing market, while investors are continuing to lose steam in the face of rapidly escalating home prices.
Continue reading…Realtor.com: Inventories are Returning to Normal
Monday, July 15, 2013
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.
Continue reading…Competition Cools in Overheated Markets
Sunday, July 14, 2013
In one more indication that rising interest rates and replenished inventories are dampening hot markets, the Seattle online brokerage that coined the term “flash sale” reports that the percentage of multibid offers in the largely West Coast markets it tracks has fallen over the past three months.
Continue reading…
Thursday, August 8, 2013
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