Tuesday , 29 July 2014
REEW Launches New Site! - Latest Articles:
Home » Housing Markets » Market Activity

Market Activity

Buyers are Tossing in the Towel

Molly Hayden, U.S. Army Garrison Grafenwoehr Public Affairs

  Prospective buyers aren’t even going through the motions of applying for financing as applications for purchase mortgages weakened in May.  Most housing markets remain stalled largely markets moved into their stable range of housing activity according to Freddie Mac’s Multi-Indicator Market Index (MiMi). The national MiMi value stands at -2.64 points indicating a weak housing market overall with only ... Read More »

Stubborn Negative Equity Delays National Price Rebound

underwater

Too many homeowners are still underwater on their mortgages for home values in half of the nation’s 100 largest metro areas to reach their pre-recession peak levels  within the next  three-plus years, according to the second quarter Zillow Real Estate Market Reports Nationally, home values remain 11.3 percent below their 2007 peak. Looking ahead, U.S. home values are expected to ... Read More »

CoreLogic: As Summer Heats Up, Prices Cool Off

Dog_Days_Of_Summer edited-1

Now that the spring buying season is ending, price increases will chill for the balance of the year.  Yet they will continue to rise next year, but at a slower rate, about  6 percent year over year rather than the 8.1 percent increase reached in May. That’s what CoreLogic’s forecast looks like.  The CoreLogic HPI Forecast indicates that home prices, ... Read More »

Clear Capital: Prices Start to Stumble in June

stumble

  Price growth will plummet to an annual rate of only 0.9 percent for the balance of the year after the tumble began with a stumble when price increases fell to just a 0.9 percent quarter over quarter growth rate at the end of second quarter in June. That’s the latest prognosis from Dr. Alex Villacorta, Clear Capital’s  vice president ... Read More »

Mixed Signals: Improving Economy is Not Helping Housing

mixed-signals

  Most housing markets remain weak despite declining mortgage delinquencies, improving local employment, house price gains and attractive mortgage rates due to weak home purchase mortgage applications. The latest data from Freddie Mac’s Multi-Indicator Market Index(SM) (MiMi(SM)) showing mixed signals for the U.S. housing market: The national MiMi value stands at -3.01 points indicating a weak housing market overall with ... Read More »

Homeownership is Movin’ on Up

Real-Life-Disney-Up-House-is-lifted-into-the-air-thumb

Rising prices, shortages of entry level homes and a lackluster economy are combining forces to change the face of homeownership.  The result is a sea change in the median prices of home purchases and a growing gap in the financial profiles of those who can afford to own a home and those who will live their lives as renters.  These ... 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 »

CoreLogic: Prices to Rise Deep into 2015

ballons

Home prices are projected to increase 1.0 percent every month from until May 2014, reaching an 6.3 percent year-over-year increase (+/- 1.5 percent) from April 2014 to April 2015, according to the latest forecast by the CoreLogic Home Price Index. excluding distressed sales like foreclosures and short sales,  prices are expected to rise between 0.8 percent month over month and ... Read More »

Clear Capital: Spring Never Quite Sprung

dead-flowers-1106612990840566Bt

With expectations high heading into spring, it’s been a decidedly underwhelming season. May marks the fifth consecutive month national yearly home price growth has softened. By year’s end, home prices are expected to normalize in the sub 5% annual growth range according to Clear Capital’s latest forecast in July’s HDI Market Report. Despite a lethargic spring buying season, the range ... Read More »

Good News for Sellers: Listings Sell Faster Despite Weak Sales

family

Despite weak demand and an infusion of new listings over the past two months, listings are selling nearly as fast as a year ago and prices are still rising. Realtor.com reported this week that in April the total U.S. for-sale inventory of single family homes, condos, townhomes and co-ops rose by 8.56% over March, from 1,841,844 units in March to ... Read More »