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Recovery Signals

Is the Recovery Coming to a Screeching Halt?

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  After slowly winding down over the summer months, the third and fourth quarter data now being released shows that price appreciation is no longer slowing.  It is now within inches of a total screeching halt that could presage a shift in the recovery’s momentum as real estate markets don their pajamas for the winter hibernation. The September 2014 index ... Read More »

CoreLogic: Healthy or Wealthy?

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  Through August, CoreLogic figures that national median home prices have risen 17.5 percent during a 20 month run that’s now tapering off.  According to the October 2014 CoreLogic HPI™, in 2013 alone, national home prices rose by more than 11 percent. By August, national home prices had risen another 6.5 percent year-to-date. Wealthy is not necessarily healthy when it ... Read More »

College Towns Get an A for Appreciation

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Colleges and universities are having an effect on housing across the country. Metros with noteworthy university influence are at the top of their class, with home price trends far outperforming national rates of growth since 2004, according to data provider Clear Capital. A sample of ten metros, each having a university presence, shows an average growth of 32 percent since ... Read More »

Tight Credit Chokes Pending Sales

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Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®.  But NAR’s monthly pending sales repot disappointed observers and underscored the problems facing the housing sector The pending home sales index increased 0.3% after dropping 1% in August, the National Association of Realtors ... Read More »

CoreLogic Stays Bullish

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While slack demand is causing others to slice their price forecasts for next six to 12 months, CoreLogic reports August prices are up 6.4 percent year-over-year and it predicts by next August, prices will rise an additional 5.2 percent. The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase 0.2 percent month over month from August ... Read More »

Prices Fall with Consumer Sentiment

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September home price data marks the 11th straight month of moderating gains. Nationally, yearly gains decreased from a high of 11.7percent in October 2013 to just 7.8percent through September 2014, ClearCapital reported in its HDI Market report. Distressed inventory is no longer reinforcing a strong housing market recovery. Discounted distressed deals continue to dry up, down from a national high ... Read More »

Housing Momentum is Grinding to a Halt

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The U.S. housing market is struggling to maintain momentum as housing prices continue to moderate and purchase applications fall. The latest reading of Freddie Mac’s newly updated Multi-Indicator Market Index® (MiMi®) shows a slight decline in the national value through July. The national MiMi value stands at 73.4, indicating a weak housing market overall and showing a slight decline (-0.45%) ... Read More »

Price Increases Stay Strong Through July, Forecasted to Diminish

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Home prices nationwide increased 7.4 percent in July compared to July 2013 but next year at this time, year over year increases will fall to 5.7 percent, CoreLogic forecasted today. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.2 percent in July 2014 compared to June 2014. However the CoreLogic HPI Forecast indicates that home prices, are ... Read More »

Economists in Reuters Poll See Stronger Sales, Weaker Prices in 2015

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The annual pace of existing home sales will likely rise to 5.25 million units in the first three months of 2015 from 5.09 million in the current quarter, according to a Reuters poll of economists But prices next year will be weaker than this year. The S&P/Case-Shiller gauge of property values in 20 metropolitan areas was seen rising just 5.0 ... 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 »