Tag Archives: Demand

Zillow saw a 16.6 percent decline in its overall number of listed homes in February, indicating an inventory crunch as buyers start to feel more comfortable getting into the market.

While more than 90 percent of homes purchased in 2011 were existing homes, more than half of homebuyers declared a preference for new homes, according to the National Association of Home Builders' (NAHB) Characteristics of Home Buyers, an analysis of the 2011 American Housing Survey conducted by the Census Bureau. Along with their preference for new homes, survey respondents expressed a desire for energy-efficient homes. According to NAHB, these two qualities go hand-in-hand.

Buyer demand continues to climb as 2013 marches on, according to results in Redfin's most recent Real-Time Demand Pulse.

Redfin's latest survey shows inventory shortage and rising prices are creating frustration for buyers trying to get in on the ground floor of the housing recovery.

Redfin's Real-Time Price Tracker, which tracks prices, sales, and inventory, shows home sales were up in January 12 percent year-over-year.

Conditions are ripe for home values in 2013, according to January national housing data collected by Realtor.com.

The gap between the listing price and closing price of an average home sold continued to narrow last year as market conditions gave the advantage to sellers.

The number of homes purchased with cash in California reached an all-time high in 2012 as the mortgage environment kept other interested buyers out, according to DataQuick, a real estate information service. The company's data shows a total of 145,797 condos and houses were bought without mortgage financing in 2012, up from 125,812 in 2011 (the previous high) and 39,731 in 2007. According to DataQuick's John Walsh, the increase comes from high investor interest and a currently difficult mortgage environment.

Homebuyer interest got off to a strong start in 2013, according to Redfin's Real-Time Demand Pulse for February.

Consumers are showing increased confidence in home sales and a greater sense of job security, according to the results of Fannie Mae's most recent National Housing Survey. January's findings show 41 percent of respondents believe home prices will go up in the next year, a decline of 2 percentage points from December's high. However, the share who believe prices will fall also dropped, returning to a survey low of 10 percent. The average 12-month home price change expectation in January was 2.4 percent.