Redfin's Real-Time Price Tracker, which tracks prices, sales, and inventory, shows home sales were up in January 12 percent year-over-year.
Read More »Report: Conditions Indicate Home Value Growth in 2013
Conditions are ripe for home values in 2013, according to January national housing data collected by Realtor.com.
Read More »Homeownership Rate Remains Down in Q4
The number of households owning homes rose to 75,209,000 in the fourth quarter, up from 75,076,000 in the third but down from 75,315,000 a year ago, the Census Bureau reported Tuesday. At the same time, the nation's homeownership rate (seasonally adjusted) dipped to 65.4 percent in the fourth quarter from 65.5 percent in the third quarter. The stagnant homeownership rate combined with a decline in the number of units held off the market suggests opportunities for home sales.
Read More »Pending Home Sales Slide Back in December
The NAR's Pending Home Sales Index (PHSI) fell 4.3 percent to 101.7 in December, the sharpest month-over-month drop since April.
Read More »December Sees Sharp Drop in New Home Sales
New home sales fell 7.3 percent in December to 369,000, the sharpest monthly drop in almost two years, the Census Bureau and Department of Housing and Urban Development reported Friday. The monthly drop in sales was the largest since February 2011. Nonetheless, December 2012 sales were up 8.8 percent over December 2011. Sales for September, October, and November were revised higher, with the November sales pace reported as 398,000, up from the originally reported 377,000.
Read More »DataQuick: SoCal Home Sales, Prices Heat Up in December
The housing market in California's Southland region closed out 2012 with the highest number of December home sales in three years, real estate information company DataQuick reports. According to DataQuick, a total of 20,274 new and resale homes and condos were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino, and Orange counties in December. The month's total was 5.1 percent up from November and 5.3 percent up from December 2011.
Read More »Beige Book Shows Expanding Economy at End of 2012
Economic activity "expanded" in the closing weeks of 2012, the Federal Reserve said in its periodic Beige Book released Wednesday, reflecting a slow but steadily declining unemployment rate and low rates of inflation--conditions the Fed said would have to be met before it raises interest rates. According to the report, "real estate activity has expanded or held steady in 11 Districts for existing home sales and leasing; eight Districts for residential construction; 11 Districts for nonresidential sales and leasing; and nine Districts for nonresidential construction."
Read More »Fitch Warns of Unsustainable Price Growth
According to a report from Fitch, home prices have risen at their greatest pace since 2005, but in certain markets, technical factors--including low mortgage rates, tight supply of existing for-sale homes, and weak levels of new home construction--rather than "fundamentals" acted as the driving force behind the price gains over the past few quarters. In order to determine sustainability, Fitch conducted an analysis using its Sustainable Home Price (SHP) model.
Read More »November Pending Home Sales Index Reaches 31-Month High
The Pending Home Sales Index (PHSI) increased for the third straight month in November, improving 1.7 percent to 106.4, the National Association of Realtors reported Friday. Economists had expected a slightly fast, 1.8 percent increase to 106.7. [IMAGE] The index, the NAR said, is at its highest level since April 2010.
Read More »November New Home Sales At 31-Month High
New home sales jumped 4.4 percent in November to 377,000, the highest level since April 2010, the Census Bureau and HUD.
Read More »