Housing Recovery | RealEstateEconomyWatch.com

Inventories Hit Ten Month High

Friday, June 14, 2013

As the spring home buying season transitions into summer, month-over-month inventories are rising faster than they were as sellers respond to price increases at a faster pace than earlier in the buying season. On a national basis, both list prices and Inventories rose in last month, according to Realtor.com's May data.

Zillow: Luxury Homes Lead Inventory Declines

Thursday, June 13, 2013

3 Comments

Zillow reported today that the greatest year-over-year decreases in inventory have been among more expensive homes, with the availability of top-tier and middle-tier properties each falling 15.7 percent year-over-year. The number of bottom-tier properties for sale on Zillow nationwide fell only 2.5 percent in early June compared to June 2012.

Recovery Speeds Homeowners to Positive Equity

Wednesday, June 12, 2013

2 Comments

Four times more homeowners returned to positive equity in the first quarter of year as the recovery drove home values higher across the nation.

Competitive Offers Ease on West Coast

Tuesday, June 11, 2013

1 Comment

Multi-bid offers have declined from 73.3 percent of offers written in April to 69.5 percent of offers written in May by Redfin agents, basically the same as May 2012, when 69.3 percent of Redfin offers went into bidding war. Most Redfin agents are located in West Coast markets.

Prices Rose 12 Percent in April

Tuesday, June 4, 2013

1 Comment

Home prices nationwide, including distressed sales, increased 12.1 percent on a year-over-year basis in April 2013 compared to April 2012. This change represents the biggest year-over-year increase since February 2006 and the 14th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 3.2 percent in April 2013 compared to March 2013*, according to the April CoreLogic HPITM report.

“A Bit of a Surprise”: Foreclosure Sales Fell 18 Percent in Q1

Thursday, May 30, 2013

1 Comment

Foreclosure sales dropped dramatically first quarter. A total of 190,121 properties that were in some stage of foreclosure or were bank-owned (REO) were sold during the second quarter, a decrease of 18 percent from the previous quarter and down 22 percent from the first quarter of 2012.

One-third of Buyers on Market More than a Year

Thursday, May 30, 2013

3 Comments

You've heard of days on market for a listing? How about a year on market for buyers? A new survey found that one out of three buyers has been looking for a home for more than a year and now they are ready to grovel.

Foreclosures Disappear Even Faster

Wednesday, May 29, 2013

1 Comment

Foreclosure inventories fell 24 percent from last year at this time and completed foreclosures fell 16 percent year over year, according to the CoreLogic April National Foreclosure Report.

Banks Seen Holding REOs for Higher Prices

Friday, May 24, 2013

2 Comments

Real estate agents report banks are keeping foreclosures off the market in hopes of higher prices, a practice that is temporarily reducing the percentage of distress sales but lengthening the foreclosure timeline.

Luxury Prices Lag Lower Price Tiers

Thursday, May 23, 2013

1 Comment

For nearly two months, through the heart of the spring buying season, the Institute for Luxury Home Marketing's Market Action Index has stayed stuck at 29, one point below the official level designating a seller's market.

RealEstateEconomyWatch.com

Tag Archive | "Housing recovery"

Inventories Hit Ten Month High

Zillow: Luxury Homes Lead Inventory Declines

Recovery Speeds Homeowners to Positive Equity

Competitive Offers Ease on West Coast

Prices Rose 12 Percent in April

“A Bit of a Surprise”: Foreclosure Sales Fell 18 Percent in Q1

One-third of Buyers on Market More than a Year

Foreclosures Disappear Even Faster

Banks Seen Holding REOs for Higher Prices

Luxury Prices Lag Lower Price Tiers

Recent Indicators

Highlights