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Market Trends

What’s Wrong With This Picture?

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  April is supposed to be the month that real estate agents’ phones ring off the hooks, yard signs sprout like dandelions, buyers line up for showings and offers fall from the sky like cherry blossom petals. Above all, this was to be the spring season when at last all the stars were properly aligned in the real estate galaxy ... Read More »

Luxury Digs Stake out New Turf

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  Market forces are changing the shape of luxury locations, expanding borders to enlarge the supply of million dollar plus homes just outside of historically affluent neighborhoods.  Unlike homes at the other end of the price scale where inventory shortages fueled double digit price increases, the new growth is a result of the reviving economy Coldwell Banker Previews International® released ... Read More »

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 »

Sagging Sales: It’s Not Just the Weather

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It’s hard to build, buy or sell a home in when ice coats the drive and below freezing winds discourage roof inspections.  There’s no doubt this year’s endless winter have curbed construction and sales.  However, sagging sales are not just a function of the nasty weather that will melt away with the first warm days. If that were the case, ... Read More »

What do San Jose and Washington DC have in Common?

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  There are few surprises in Gallup’s new survey results ranking the markets with the greatest economic confidence levels.  Did you guess the home towns of Silicon Valley and the federal government would lead the list? You’re right.  Among the 50 largest U.S. metropolitan areas, Washington, D.C., remained the most confident in the U.S. economy in 2012-2013, but it now ... Read More »

Will this be a Spring for Happy Dancing?

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Six months ago all the stars were aligned for a spring market that would take America’s housing recovery to new levels and perhaps the rest of the national economy with it. Since then too many things have gone wrong take for granted another good year.  First, inventories dragged, failing to replenish at a healthy rate through most of the winter ... Read More »

Sales Freefall Continued in February

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  Home sales took another deep dive in February, falling 7.1 percent below the 4.95 million-unit level in February 2013 to the lowest level of sales in any month since July 2012, when annualized sales stood at 4.59 million.  The size of the sudden decline suggests that there might be more than bad weather behind the bad news. NAR chief ... Read More »

Sellers are Listing Despite February Freezes

Home For Sale Real Estate Sign in Front of Beautiful New House in the Snow.

    The outlook for a more abundant, more affordable selection of homes for sale this spring improved considerably in February.  Sellers in most markets are responding to the price increases of the past year, suggesting they are increasingly optimistic about the housing recovery and the underlying strength of market demand through 2014, according to the latest February data from ... 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 »