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Current Indicators

Are Inventories nearing the Danger Zone?

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Prompted by two years of steadily rising prices, inventories are reaching levels higher than they have been in two and a half years according Zillow. Inventory shortages have plagued real estate markets for much of that time, but the latest data suggests that the pendulum may have swung too far in the other direction.  Zillow reported that national for-sale inventory ... Read More »

Were July Sales Up or Down?

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  Two major market reports left real estate professionals shaking their heads this week over the latest sales data.  RealtyTrac and NAR reported July sales headed in opposite directions as the buying season closed up shop for the duration. Sales of residential properties were down 3 percent from June and down 12 percent from a year ago — the third ... Read More »

Case-Shiller Still Stuck

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  The June Case-Shiller consensus reports an 8.4% year-over-year increase in the Composite 20 index but the Zillow forecast is for the Composite 20 to slow the increase 8.1% year-over-year, and for prices to be unchanged month-to-month. Zillow’s forecast for Case-Shiller’s July 2014 data cuts the non-seasonally adjusted 20-City Composite Home Price Index increase to 7.0 percent and the 10-City ... Read More »

Price Increases Cool Down in the Summertime

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Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared to June 2013 and rose 1 percent over May, setting new highs for 12 states.  Despite low rates, investor purchases and tight supplies, prices are expected to slow down to a .07 percent monthly increase in July. A total of 12 states, plus the District of Columbia, ... Read More »

Case-Shiller: Dallas, Chicago Broke Records in November

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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 »

Existing Home Sales (NAR)- Dec 22, 2010 Release

Existing Home Sales (12-22-10 Release) Nov Oct Sep Aug Jul Jun May Apr Total EHS 4.68 4.43 4.53 4.12 3.84 5.26 5.66 5.79 Months’ Supply 9.5 10.5 10.6 12.0 12.5 8.9 8.3 8.4 Source: National Association of Realtors; 2010; annualized, seasonally adjusted. Highlights Existing home sales rose 5.6 percent to 4.68 annualized units in November from a month earlier. November ... Read More »