A new report from Realtor.com shows listing inventories increased by 1.15 percent month-over-month in February, while median list price rose 1.55 percent.
Read More »RE/MAX: Hopeful Trends Continue, Inventory Still a Problem
RE/MAX's latest report shows home sales rose 0.9 percent month-over-month and 2.3 percent year-over-year. The median home price also increased, rising to $160,500--3.5 percent above January and 7.0 percent above February 2012. RE/MAX CEO Margaret Kelly said today's low prices and low interest rates create "an attractive combination that most of us will never see again in our lifetimes." Meanwhile, inventory remains a major concern as the spring selling season dawns.
Read More »Consumers Show Mixed Feelings About Housing, Economy
Nearly half of respondents in Fannie Mae's most recent housing survey said they expect home prices to rise in the next 12 months, up from 45 percent in January.
Read More »Zillow Observes Inventory Crunch as Selling Season Approaches
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.
Read More »Redfin: Buyer Interest Up Amid Inventory Shortage
Buyer demand continues to climb as 2013 marches on, according to results in Redfin's most recent Real-Time Demand Pulse.
Read More »Trulia: Asking Prices Up 7.0% in February as Inventory Spiral Slows
National asking home prices have risen 7.0 percent year-over-year since bottoming out last February, Trulia revealed in its February Price Monitor Report. Seasonally adjusted, asking prices increased about 1.4 percent from January and 3.0 percent quarter-over-quarter, marking two post-recession highs. Nationally, inventory fell 23 percent year-over-year in February. Jed Kolko, Trulia's chief economist, explained that while falling inventory boosts prices, the relationship works both ways.
Read More »Buyers Express Frustration in Latest Redfin Tracker
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.
Read More »Bay State Sales, Median Prices Rise in January
Single-family home sales in Massachusetts rose more than 10 percent year-over-year in January, according to new data from The Warren Group. Single-family sales reached 2,680--the highest January sales level since 2007, when there were 2,953 transactions. January 2012 single-family home sales were 2,436.
Read More »Commentary: Maximizing the Minimum
Economic data for the week ending February 22--particularly for housing--was less than encouraging. A small increase in existing-home sales was the only bright spot, but that was weighed down by another drop in the median price of existing single-family homes to their lowest level in 10 months. The word "another" is critical because it means the drop in inventory in December did not result in higher prices. Indeed, the supply of homes for sale fell again in January, this time to the lowest level in 13 years.
Read More »Florida Housing Market Beats Winter Chill
Florida's housing market continued its upswing into the new year, according to the latest housing data released by Florida Realtors. Statewide closed sales of existing single-family homes totaled 13,679 in January, up 11.7 percent year-over-year, the group reported. Meanwhile, pending sales--contracts signed but not yet completed or closed--for existing single-family homes rose 31 percent.
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