Real Estate Consumer News » Real Estate Market

Report says housing market recovery to be led by demand by investors for rental property

Dennis Norman — Thu, 17 May 2012 03:45:22 +0000

According to a new report, The Shifting Nature of U.S. Housing Demand, by The Demand Institute, average home prices will increase by up to 1 percent in the second half of 2012. By 2014, home prices will increase by as much as 2.5 percent. From 2015 to 2017, the study projects annual increases between 3 and 4 percent. This recovery will not be uniform across the country, and the strongest markets could capture average gains of 5 percent or more in the coming years. [...] Related posts:

Fed Reserve Governor Duke on the "Prescriptions for Housing Recovery"

Dennis Norman — Tue, 15 May 2012 03:43:07 +0000

Before you go getting too excited over my headline, I should point out that, even though Fed Reserve Board Governor Duke's presentation today at the National Association of REALTORS mid-year meeting in Washington D.C. was titled "Prescriptions for Housing Recovery", Governor Duke opened her remarks with "I wish I had such a prescription". She went on to say that it is difficult to think of a single thing that, by itself will generate a sustainable recovery in housing. She did say, however, that she saw some policies that will help reduce the shadow inventory of houses in the foreclosure pipeline as well as improve the availability of financing to potential home buyers. [...] Related posts:

Mortgage loan delinquencies drop to lowest rate since 2009

Dennis Norman — Fri, 11 May 2012 16:36:09 +0000

More good news on the housing market! The national mortgage delinquency rate (borrowers that are 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78 percent according to a report issued by TransUnion. This is after increases in the delinquency rate in the prior 2 quarters and is the lowest rate since the 1st quarter of 2009. [...] Related posts:

What cities have had the best recovery of the real estate market?

Dennis Norman — Thu, 10 May 2012 19:18:14 +0000

Finally, after several years of writing depressing things about the real estate market and housing industry, I'm getting to write some positive things lately! Well, to keep the party going, today I have a list of 10 towns in the U.S. that are leading the U.S. in terms of a housing market recovery according to the "Top Turnaround Town Report" from REALTOR.com. Seven of the top ten markets are in Florida, but the number 1 turnaround town in the U.S. according to the report is Phoenix-Mesa, Arizona where the inventory of homes for sale has fallen almost 50 percent in the past year while prices increased almost 27 percent during the same period. [...] Related posts:

Report shows home prices stabilizing as result of improving balance between supply and demand

Dennis Norman — Tue, 08 May 2012 15:38:32 +0000

A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in March 0.6 percent from the year before and increased by 0.6 percent from the month before. Excluding distressed sales, month-over-month home prices increased for the third month in a row. If we take distressed sales out of the picture then the year-over-year home prices increased 0.9 percent. [...] Related posts:

Report says strong housing demand and lower inventories are sparking increased home prices

Dennis Norman — Mon, 07 May 2012 17:06:44 +0000

In a report released by Trulia, which looks at changes in asking prices on homes that are for sale as a leading indicator of where the market is headed, asking prices on homes for sale were 0.5 percent higher in April than in March. Together with increases in March and February, asking prices for the 3 month period ending in April rose 1.9 percent from the price 3 month period. [...] Related posts:

Home prices fall to lowest levels in almost 10 years; 20-city case shiller lowest since October 2002

Dennis Norman — Tue, 24 Apr 2012 15:22:18 +0000

This morning, the S&P/Case-Shiller Index report for February was released which showed both the 10-city and 20-city composites, after both hitting record low levels in the two prior months, fell further in February. The 10-city and 20-city composites saw annual price decline of 3.6 percent and 3.5 percent respectively and both saw price declines of 0.8 percent in February from January. [...] Related posts:

New home sales and prices slip in March; both still better than a year ago

Dennis Norman — Tue, 24 Apr 2012 14:30:44 +0000

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data forMarch 2012 showing a decrease of 7.1 percent from the month before, and an increase of 7.5 percent from a year ago. The seasonally-adjusted new home sales rate for March was 328,000 homes, down from a revised [...] Related posts:

Home sales fall in March but prices and inventory stabilize

Dennis Norman — Thu, 19 Apr 2012 16:28:29 +0000

Today's existing home sales report from the National Association of REALTORS® shows existing home sales in March were at at a seasonally adjusted-annual rate of 4.48 million units which is a decrease of 2.6 percent from the month before and an increase of 5.2 percent from a year ago. The actual number of homes sold in March was 361,000 which is an increase of 4.0 percent from the month before and an increase of 0.9 percent from a year ago when there were 347,000 homes sold. [...] Related posts:

Home Prices Surge, Signaling Strong Selling Season

News Desk — Tue, 17 Apr 2012 14:47:47 +0000

For the second month in a row, home prices have risen higher than a year ago. Median prices in March were an impressive 5.8% higher than March 2011 in the 53 metro areas surveyed for the RE/MAX National Housing Report. February marked the first time in 18 months that home prices rose higher than the previous year, and year-to-year price increases haven't occurred in two consecutive months since August 2010. Home sales in March were 25.4% higher than February and 1.5% higher than March last year. For the last 9 months, sales have reached a level higher than the same month in the previous year. Following these trends, the spring and summer months should experience increased activity. With falling inventory and many markets witnessing multiple offers with bidding competitions, prices are likely to continue to rise in many areas. [...] Related posts: