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February Prices: CoreLogic ups the Ante

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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 »

Rising Prices Seen Driving Investors Out

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The salad days of low price tier home sales (homes selling for $95,000 and less) that fueled the recovery over the last two years are ending and with them, the legions of investors that have led the nation’s housing recovery. “The Investors Did Their Job,” headlines Clear Capital’s latest market report.  “Can traditional home buyers take it from here?” Deeply ... Read More »

Plunging Sales Prop up Inventories

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Lower than normal sales for this time of the year due in part to the winter’s storms are raising concerns about the recovery and lowering lenders’ expectations for 2014 originations.  But they may also be having a beneficial side effect.  Fewer sales are taking some of the pressure off of low inventories that are in the process of rebuilding for ... Read More »

CoreLogic: Prices Warmed up in January and Will Rise More in February

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Prices in January reached an increase of 12 percent year over year up 0.9 percent over December, despite the record winter weather. Prices will rise again in February, according to Corelogic’s Pending HPI.At the state level, including distressed sales, Louisiana, Nebraska and Texas surpassed their previous home price peaks in January 2014. In all, 22 states and the District of ... Read More »

Experts Raise Price Forecast for 2014

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A panel of 110 housing economists  has raised its forecast slightly for home price increases in 2014.  The experts expect price increases to slow in 2015 and return to normal levels of appreciation by 2018. The latest quarterly Zillow Home Price Expectations Survey of economists and housing experts raised its forecast for price increases this year from 4.3 to 4.5 ... Read More »

CoreLogic Projects January Prices up 10.2 Percent

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  Prices in the new year will pick up almost where last year left off, registering a 10.2 percent increase in January over a year ago according to CoreLogic.   However, the double digit increase is a slight decline from December’s 11 percent.  Is it a sign of softer prices to come? Rising foreclosure and short sale prices helped December record ... Read More »

Fannie Bets on Builders

Fannie Mae's latest economic outlook for the year is counting on housing to double its contribution to GDP in 2014, largely due to new homebuilding activity. Read More »

Low Inventories Threaten a Repeat of 2013

Even though the new year began with list prices 11.1 percent higher than they were a year ago and at least 4.9 million homeowners have been freed from negative equity since 2012, inventories of listings are only 2.7 percent higher on December 30 than they were a year ago. Read More »

Prices to Plateau for Months?

The price increases that drove the recovery in 2013, wiping out $232 billion in negative equity and prompting millions of owners to sell, may go out with a whimper when the new year arrives, leaving real estate markets with anemic price gains, if any, for months to come. Read More »