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Inventories are Turning the Corner in Runaway California Markets
The hottest housing prices in the nation at last are encourage more sellers to list their homes, promising more sales and cooler price hikes in the weeks come.
Continue reading...Foreclosure Inventory Ballooned in First Quarter
Thursday, March 28, 2013
The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact.
Continue reading...Lower Rates Benefit Richer Homeowners Most
Thursday, March 21, 2013
The Federal Reserve's policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.
Continue reading...Home Prices Expected to Rise at least 3.3 Percent Annually though 2017
Monday, March 4, 2013
The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA).
Continue reading...Single Family Renters More Likely to Stay in Place
Monday, February 25, 2013
Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group.
Continue reading...Hottest Market Sales Going for a Premium Over List Price
Saturday, February 23, 2013
How long has it been since you heard the words "sold at a premium over asking price?" For the past six years, sales prices ended up somewhere south od list prices by at least five percent. Now, in the markets where the recovery is hottest, sellers are increasingly experiencing multiple bid scenarios and buyers are pre-empting the competition with offers over list price that stir up memories of the boom years.
Continue reading...January Inventories Fell 25 Percent Below 2012
Thursday, February 21, 2013
How far can inventories fall? The latest existing home data suggests we have yet to find out because they are still in freefall just two months before the spring buying season nears. Will sellers warm up in time to populate the MLSs with enough listings to get buyers excited? Or will the inventory drought drive buyers away at the most important time of the year for housing markets?
Continue reading...Student Loan Debt Won’t Hamper Homebuyers
Monday, February 11, 2013
The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment.
Continue reading...Real Estate News Turns Positive
Monday, February 11, 2013
For the first time in years, the American public is hearing more good news than bad news about real estate values first time, as many say they are hearing mostly good news (25%) as bad news (24%) about real estate values.
Continue reading...Sellers Awaken and Buyers Accelerate
Thursday, February 7, 2013
The percentage of customers signing offers in January increased by 12 percentage points according to a leading brokerage and 23 percent of Americans think it is a good time to sell compared to 11 percent the same time last year, according to Fannie Mae's January 2013 National Housing Survey results.
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Get this widget See local rates - Rising Values Push Nearly One Million Homeowners Above Water
- Buyer Satisfaction with Real Estate Brokerages Hits All-Time Low
- Frozen Foreclosures Frustrate Buyers
- One Homeowner Out of Eight Undervalues Their Home
- Alex Martin: Back in February prices were growing crazy. But no...
- Rachael Fernandes: Obviously specially online industry have boomed en...
- Daniel T: These issues are sensitive enough without unqualif...
- Jan: Bet that makes you happy. I'm looking for the "rig...
- Inventory Increases Threaten Price Appreciation
- Mortgage Originations Fell 6.2 Percent in Q1
- Built-for-Rent now Five Percent of New Home Construction
- List Prices Flatten Despite Sinking Inventory
Friday, March 29, 2013
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