Homes Continue to Sell At Record Pace

U.S. homes are selling at the fastest rate on record, according to new data from real estate brokerage company Redfin, with total sales and prices continuing to climb as well. Sales of U.S. homes rose 25 percent in March from February based on data from the 19 largest metropolitan areas, although on a yearly basis sales made their weakest showing in over a year with just a 0.9 percent increase. Home prices posted a 6 percent increase from February and gained 15 percent since March 2012. In Read more [...]

Homes Prices Accelerate By Most in Seven Years

After several years of falling or stagnating home prices, things have finally starting rolling again in the housing market. Real estate data company CoreLogic reported this week that according to it index, U.S. home prices rose by 10.2 percent in February compared with last year at that time. That is the largest yearly jump in prices since March 2006 – almost seven years ago and during the height of the housing bubble. Prices are also up 0.5 percent compared with January, the twelfth straight gain Read more [...]

U.S. Homes ‘Selling Like Hotcakes’

Good news. The latest reports show that home prices and sales are up. Yet perhaps even more telling about the state of the mortgage market is how quickly homes are selling. And they are selling fast. Selling like hotcakes. New data from housing site Redfin shows that in 19 of the country's major markets more than one-third of all homes were sold within two weeks of being listed  in February. That's up from 30.3 percent in January. And in some states things are moving even faster. California Read more [...]

Home Prices Make Biggest Improvement in Seven Years

In another sign of a strengthening U.S. housing market, home prices in the fourth quarter rose at the fastest rate since 2005, according to the National Association of Realtors. The national median price - the point at which half of homes are sold for more and half are sold for less - grew to $178,900 in the fourth quarter of 2012, up 10.0 percent from the same quarter in 2011. That is the largest increase since the last quarter of 2005, during the heat of the housing boom when prices skyrocketed Read more [...]

Investors Shifting Focus to New Mortgage Markets

A year ago in the U.S. housing market, everyone seemed to be concerned about a looming shadow inventory of foreclosures that would flood the country and pull home prices back into a sinkhole. If that inventory even exists and is still coming, it seems there is a large investment crowd that is ready and willing to gobble it up, leaving little room for falling prices. According to recent research from JPMorgan Chase, the nation's largest investment companies have a combined total of roughly $10 Read more [...]

CoreLogic: After Stellar 2012, Housing Prices Set to Soar Again in 2013

Home prices rose last year by the most in six years, according to housing data company CoreLogic, and are likely to see a significant increase in 2013 as well the company said. In its January newsletter "The Market Pulse," CoreLogic reported that across the U.S. home prices rose an average of 7.5 percent in 2012, even as the rest of the economy has made only marginal progress. The housing market's improvement certainly surprised most analysts. At the beginning of 2012 even CoreLogic's experts Read more [...]

Home Prices Rise in Second Quarter

In more areas around the country, median prices for existing U.S. homes increased during the second quarter of this year, according to the latest report from the National Association of Realtors, partly in response to dwindling inventory. During the second quarter, the national existing-home median price - the price at which half of the sold for more and half sold for less - rose to $181,500 up 7.3 percent from $169,100 during the same quarter last year. The NAR reports that this is the biggest Read more [...]

Existing Home Sales Continue to Fall As Prices Gain

The dynamics of the housing market are shifting, hopefully in a direction toward recovery, according to the latest data from the National Association of Realtors. Sales of existing U.S. homes fell 5.4 percent in June to a seasonally adjusted annual pace of 4.37 million units down from a rate of 4.62 million in May. Compared with the same time last year, however, sales are up 4.5 percent. Housing inventory is also falling, with the total number of homes for sales dropping to 2.39 million, down Read more [...]

Buyers Losing Their Edge in Current Market

Buyers in today's U.S housing market are starting to worry about rising prices and depleted inventories, according to a new survey from real estate broker Redfin, a sign that the scene is evolving from its post-housing bubble buyers' market. The survey, which polled 1,208 prospective home buyers in 18 metro areas who had toured a home since March 1, found that 49 percent of respondents feel that now is a good time to buy a home, down significantly from 56 percent during the previous quarter. Read more [...]

U.S. Home Prices Improve in First Quarter

After six years of declining, home prices showed improvement in more than half of all U.S. metropolitan areas in the first quarter, according to the National Association of Realtors, a shift that many hope is a sign that the housing market is stabilizing. Prices for existing homes rose in 74 of 146 markets in the NAR survey in the first quarter of 2012 compared with the previous year. That is up dramatically from the fourth quarter of 2011 when prices rose in only 29 metro areas. The overall Read more [...]