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Housing Data

Apartment Rents Rose 3.6 Percent in First Half, Occupancy Tops 95 Percent

The Apartment (1960)

  The national apartment market maintained its strong 2014 performance in June, as year-to-date effective rent growth continued to exceed that of any other post-Great Recession year, according to Axiometrics, the leading provider of apartment market research and data. June’s concession rate of 0.78% was the lowest in at least five years, annualized effective rent growth of 3.6% was the highest ... Read More »

Sales Surge, Still Trail Last Year

Cross_de_Italica_2012

Existing-home sales rose strongly in May as did new home sales, which rose in May by greatest monthly increase in 22 years.  Yet sales still trailed the torrid sales pace of a year ago. Total existing-home sales rose 4.9 percent to a seasonally adjusted annual rate of 4.89 million in May from an upwardly-revised 4.66 million in April, but remain ... Read More »

April Sales Disappoint

disappoint

Sales rose in April by 1.3 percent over March, a weak tick upward at the height of the traditional sales season.  Sales reached an annual rate of 4.65 million units, marking only the second increase in sales in nine months, short by 6.8 percent from a year ago. The April sales disappointed economists who had expected  4.68 million sales.  Sales ... Read More »

March Sales Lay an Egg

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  It’s supposed to be spring.  March is the first month of the home buying season, when listings are fresh.  March is when sellers feel young again and buyers are ready to fall in love with the first cute Cape Cod they see. SPLAT! That’s the sound today’s March existing home sales report made when it hit the floor.  Sales ... Read More »

February Prices: CoreLogic ups the Ante

poker-hand

Despite slow sales and paralyzing storms in much of the nation, February year over year prices rose to 12.2 percent, an increase of two points over January and monthly prices rose 0.8 percent, CoreLogic reported today. Home prices nationwide, including distressed sales, rose 12.2 percent in February 2014 compared to February 2013, the 24th month of consecutive year-over-year increases in ... Read More »

Foreclosure Inventory Fell 31 Percent in 2013

foreclose homes

  There were 620,111 completed foreclosures across the country in 2013 compared to 820,498 in 2012, a decrease of 24 percent. For the month of December, there were 45,000 completed foreclosures, down from 52,000 in December 2012, a year-over-year decrease of 14 percent, according to CoreLogic.  Completed foreclosures are an indication of the total number of homes actually lost to ... Read More »

Case-Shiller: Dallas, Chicago Broke Records in November

chicago

Data through November 2013 showed that the 10-City and 20-City Case-Shiller Composites increased 13.8% and 13.7% year-over-year. Dallas posted its highest annual return of 9.9% since its inception in 2000. Chicago also stood out with an annual rate of 11.0%, its highest since December 1988. For the month of November, the two Composites declined 0.1%. After nine consecutive months of ... Read More »

Thirty Somethings Flip-Flopped on Homeownership

homeowner

An analysis by Chris Porter, a senior manager at the John Burns Real Estate Consulting practice, has some frightening findings for the housing industry.  Americans aged 30 to 34 years old in 2012 had the lowest homeownership rate of any similarly aged group before them… yet just five years earlier, in 2007, the same people had the highest homeownership rate ... Read More »

Prices Rose 12 Percent in April

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.
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