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Tag Archives: Asking Prices

Home Prices See Slower Growth as Jobs Become Driving Factor

Trulia reported Tuesday that asking prices for on-sale homes climbed a seasonally adjusted 0.5 percent month-over-month nationwide in January, marking the smallest monthly gain since August. Trulia Chief Economist Jed Kolko says the slowdown reflects a change in the factors influencing price growth.

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Economist: Falling Oil Prices Could Hit Housing

In a report released Thursday, Trluia's Jed Kolko warned that falling oil prices—which have since July dropped by half from $100 a barrel—threaten worldwide oil-producing economies. At home, this drop could foretell a drop in home sale prices in the country's most oil-producing states, chiefly Texas, Oklahoma, and Louisiana.

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Report: Home Price Gains Slower in Millennial Markets

Asking prices on for-sale homes jumped 1.5 percent month-over-month in November, outpacing a pre-revised increase of 1.0 percent in October, according to property data firm Trulia. Examining local market data, Trulia found increases were largely split along age lines, with asking prices rising faster in metros predominantly populated by Gen X, baby boomers, and senior Americans compared to those occupied by more millennials.

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Asking Prices Up 7.8% as South Takes Lead

Home prices leveled up nationwide in August, boosting long-dawdling markets in the South and accelerating the recovery in other states as foreclosure gluts begin to clear, according to Trulia. According to Trulia, asking home prices only nudged along by 1 percent nationally last month, just a little above the marginal climb in July. Asking prices, meanwhile, leapt ahead by 7.8 percent year over year.

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As Home Prices Grow, Wages Stagnate

According to Trulia, asking prices on listed homes rose 1.2 percent month-to-month in June, the highest monthly increase in more than a year. Unfortunately, consumer incomes have failed to keep pace. Out of the top 10 markets for annual price gains in June—most of which were in the South or Midwest—Trulia found that wages per worker rose less than 1 percent last year in all but one.

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