RealEstateEconomyWatch.com Insight and Intelligence on Residential Real Estate
| Home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006 and the 14th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 3.2 percent in April 2013 compared to March 2013*, according to the April CoreLogic HPITM report. |
Home » Tag Archives: Housing recovery (page 5)
Tag Archives: Housing recovery
“A Bit of a Surprise”: Foreclosure Sales Fell 18 Percent in Q1
Foreclosure sales dropped dramatically first quarter. A total of 190,121 properties that were in some stage of foreclosure or were bank-owned (REO) were sold during the second quarter, a decrease of 18 percent from the previous quarter and down 22 percent from the first quarter of 2012. Read More »
One-third of Buyers on Market More than a Year
You’ve heard of days on market for a listing? How about a year on market for buyers? A new survey found that one out of three buyers has been looking for a home for more than a year and now they are ready to grovel. Read More »
Foreclosures Disappear Even Faster
Foreclosure inventories fell 24 percent from last year at this time and completed foreclosures fell 16 percent year over year, according to the CoreLogic April National Foreclosure Report. Read More »
Banks Seen Holding REOs for Higher Prices
Real estate agents report banks are keeping foreclosures off the market in hopes of higher prices, a practice that is temporarily reducing the percentage of distress sales but lengthening the foreclosure timeline. Read More »
Luxury Prices Lag Lower Price Tiers
For nearly two months, through the heart of the spring buying season, the Institute for Luxury Home Marketing’s Market Action Index has stayed stuck at 29, one point below the official level designating a seller’s market. Read More »
RE/MAX: Monthly Inventory Rises for First Time in 33 Months
The number of homes for sale in April inched 1.6 percent higher than in March, the first month-over-month inventory increase since June 2010, according to the April RE/MAX National Housing Report. Read More »
New Listings Cool California Hot Spots
In the several California markets that have seen soaring prices and historically low inventory levels during this spring buying season, a flood of new listings drove inventories up. The increasing inventories are helping to moderate price increases in the hot markets. In Sacramento, for example, list prices actually declined on a monthly basis. Read More »
Mortgage Originations Fell 6.2 Percent in Q1
Despite the housing recovery and home sales running 10.3 percent above the level of a year ago, mortgage originations are falling, signaling weakening refinancings. Read More »
Despite Sellers’ Markets, Seventy-one Percent Still Say it’s a Good Time to Buy
Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it’s a good time to buy a home. Read More »