Most market reports are tracking declining sales as the hottest real estate year in nearly decade cools down with the onset of the fall and winter months. But none sank as quickly or as far as NAR's October Pending Home Sales report.
S&P Dow Jones Indices released for its S&P/Case-Shiller1 Home Price Indices showing that the 10-City and 20-City Composites increased 12.8% year-over-year. Compared to July 2013, the annual growth rates accelerated for both Composites and 14 cities.
More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.
While California and Texas markets dominate the top tier of the latest Home Value Forecast ranking, the bottom of the list includes metros that could miss the housing recovery in the months to come.
Price growth was strong in every region in October, including the Northeast where prices rose more than any other region. However, Midwest prices continued to trail the nation as the recovery is still fragile in the nation's heartland.
More new residential units were started in September than any month since July 2008, blowing away expectations and making national headlines for the resurgence in home construction.
Not all is going smoothly with the housing recovery as the summer ends. August data from Realtor.com shows that, though inventories are still falling, more and more markets are seeing prices go in the wrong direction, dropping below levels of a year ago.
In April lenders loosened up slightly on the loan-to-value ratio used to make approval decisions on mortgage refinance applications. However, but the lid is still screwed down tightly on purchase mortgages used to buy homes, according to the Ellie Mae Origination Insight Report.
Will Chicago be the next big city to witness its housing market implode, virtually without warning?
Foreclosure sales spiked in the first month of 2012. Sales in non-judicial states outpaced judicial by over three to one, exacerbating the backlog of foreclosures soon to reach local real estate markets in states where court orders are required to foreclose on homes.
Ten of the nation's local real estate markets that suffered from high foreclosure rates in recent years, eight of which are in Florida, are leading America's housing sector towards a general recovery, according to Realtor.com's Top 10 Turnaround Town Report, fourth quarter 2011.
The unimaginable is now a possibility. According to the latest forecast by one of the nation's leading housing data providers, by the end of the first quarter next year, the nation's average home prices could sink below the lowest levels reached earlier this last year, when prices set a new record low.
Driven by a wave of FHA loans, applications for mortgages to purchase a home reached their highest level since May last week, but they still trail the 2010 application rate by more than 34 percent.
There are significantly fewer foreclosure sales today than there were before foreclosure moratoria were put into place during the Robogate scandal last fall and foreclosure sales are declining.
Half of all agents and brokers and forty-two percent of homeowners think that home values will decrease over the next six months, a huge increase in price pessimism over the first quarter.
For renters, the national recovery could be very bad news. That warning came from the Harvard Joint Center for Housing Studies' latest report on America's rental housing.
Price declines will end and average U. S. home prices will stabilize by Labor Day. Prices in even the hardest-hit markets will level out by the end of 2012.
Some markets are stabilizing now and on the macro level, the housing recovery is not far away, according to Sam Khater, senior economist at CoreLogic. But the long awaited recovery won't be much to get excited about, at least initially.
With prices hitting or approaching bottom in markets nationwide and record number of foreclosures available, professional investors armed with cash-rich investors are emerging as factor in the lower end of the residential market.
Perhaps you've heard of the pending demand for real estate-prospective buyers who have postponed taking action until they perceive conditions have optimized. There's also a pending supply of real estate and it's large enough to have a serious impact on the housing markets if a recent study is correct.
It's clear the "echoes" will spawn a record number of households and boost housing demand but it's not such a given that they will become homeowners, at least right away. In fact, in the near term, demographic forces favor the rental over the for-sale market.
It's called the "shadow inventory" and it's scarier than a ghost because it is very real. It's hanging over your local real estate market ready to ambush property values at the first sign of a rebound.
Recent data suggest the worst may be over for the housing markets. But only when home values stabilize will there be a true recovery in housing.
There are more than subtle signs that the housing markets may be recovering and the worst may be over. Recent data releases support this notion.
Today's real estate economy watchers are focused on inventory as they look for a break in the...
According to a recent national survey of Coldwell Banker® real estate professionals, over half-53 percent--of those who work in popular retirement areas are seeing younger retirees (ages 60 and under) looking to purchase homes in their markets...
The Web is littered with predictions, forecasts, hunches and wild guesses about the long anticipated housing bottom, but only two things are certain. The first is that almost all of today’s bottom diviners will be wrong. The second is that no one will know for sure whether we have reached bottom of the real estate depression until it is past and we are into a period of recovery.
Like a tired heavyweight boxer receiving blows to the head, some crushing economic reports released this past week kept the economy and housing markets in retreat and further away from recovery. The first blow was the December new home sales release which saw new home sales plummet 14.7 percent to an unimaginable 333,000 annualized units.