Home >> Tag Archives: Home Prices (page 148)

Tag Archives: Home Prices

Connecticut Home Sales Rising, Prices Still Falling

Home sales in Connecticut rose on an annual basis in March for the third month in a row, according to data released Wednesday by The Warren Group. The same report revealed that single-family home sales in Connecticut rose on a quarterly basis for the first time since the second quarter of 2010. Single-family home sales rose more than 5 percent in the first quarter of this year to 4,157 from 3,950 in the same quarter last year. Conversely, median prices declined 6.5 percent over the first quarter of the year in Connecticut, slipping from $230,000 in the first quarter of last year to $215,000.

Read More »

Home Prices Rise for First Time Since March 2010: LPS

Home prices rose by a seasonally adjusted 0.2 percent in February, the first increase since March last year, according to Lender Processing Services. The analytics and data provider said that several other indicators posted solid gains in February. Home prices averaged $195,000, the same as seen in June 2003. LPS also projected a 0.3 percent increase in national home prices on the whole come March. Of 26 metro areas surveyed by LPS and the Labor Department, only cities in California ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô Los Angeles, San Diego, and San Francisco ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô observed price declines.

Read More »

Capital Economics Sees Improvement Ahead for Housing

Noting some recent strengthening in demand in the housing market, Capital Economics suggests housing prices "are close to, or already through, their trough," and recovery will continue through the coming months. While acknowledging the decline in home sales in March, Capital Economics├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó analysts remain optimistic due to the recent increases in pending home sales. The National Association of Realtors' latest Pending Home Sales Index in March reached 101.4, its highest level since April 2010. Recent data on mortgage applications also point toward a strengthening market.

Read More »

Donovan: Servicer Competition Prevents More Refinancing

Solvency issues re-emerged for the Federal Housing Administration in a hearing convened Tuesday by the Senate Banking Committee, with HUD Secretary Shaun Donovan calling for lower loan-to-value thresholds and more servicer competition to expand refinance opportunities. The hearing follows a bill by Sens. Barbara Boxer and Robert Menendez to roll back refinancing barriers for homeowners with GSE-held mortgages and featured the legislation as lawmakers discussed solutions to the housing crisis. The hearing quickly turned to servicer competition.

Read More »

CoreLogic on Spring Buying Season: This Year Is Different

Home prices declined by 0.6 percent on an annual basis in March, according to CoreLogic's latest Home Price Index, released Tuesday. However, when distressed sales ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô foreclosure sales and short sales ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô are taken out of the equation, the nation actually experienced a rise in home sales from March 2011 to March 2012 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô an increase of 0.9 percent. Also notable: Overall home prices ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô including distressed sales ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô rose on a monthly basis in March for the first time since July 2011. Accounting for all transactions, prices are now 33.7 percent below their April 2006 peak.

Read More »

Affordability, Inventory Improve, Still Shy of Full Recovery

The U.S. housing market continues to trudge down the slow, bumpy road to recovery with a few positive indicators lighting the way. However, a full recovery continues to linger listlessly on the horizon. Obama's Housing Scorecard for April, released jointly by HUD and the Treasury Department, reveals some positive movement in home sales, though prices continue to languish in many markets. Another piece of good news for the market: Housing inventory is now at a sustainable level. The market currently holds a 5.3-month supply of new homes.

Read More »

Asking Prices for For-Sale Homes Up in April

Homes for sale saw their asking prices tick up 0.5 percent in April, more than in March, according to Trulia. Asking prices climbed quarter-over-quarter by 1.9 percent, while price increases unadjusted for seasonality went up 4.8 percent. Prices for for-sale homes also went up 0.2 percent nationally. Miami and Phoenix saw the biggest increases among asking prices, with figures up by more than 15 percent year-over-year. Forty-four of the 100 largest metro areas observed year-over-year price increases, while pickups took place in 92.

Read More »

New Home Sales See Steepest Decline in 13 Months

New homes sales fell 7.1 percent in March to a seasonally adjusted annual rate of 328,000, the steepest percentage decline since February 2011, according to the Commerce Department. Sales for January were revised upward from 313,000 to 353,000. Economists had expected the report to show a seasonally adjusted annualized rate of 318,000 new home sales in March. New-home sales in March were up 7.5 percent from March 2011. The median price of a new home fell 1.0 percent in March to $234,500, but was up 6.3 percent from March 2011.

Read More »

Home Prices Fall to Lowest Level Since 2002

The Case-Shiller Home Price Indexes fell for the sixth straight month in February, with the 10- and 20-city indices each dropping 0.8 percent from January, according to Standard & Poor's. The 10-city index slid to its lowest level since May 2003 and the 20-city index dropped to its lowest level since October 2002. Prices fell in 16 of the 20 cities surveyed, improving month-over-month in only Miami, Phoenix, and San Diego. Prices were down year-over-year in 15 of the 20 cities, improving only in cities like Denver, Detroit, and Minneapolis.

Read More »

Home Prices Fell in March Despite Low Sales Inventory: Survey

A surge in homebuyer traffic and waxing inventory failed to prevent home prices from declining in March, according to one survey. Polling 2,500 agents for their monthly HousingPulse Tracking Survey, Campbell Surveys and Inside Mortgage Finance found Monday that home prices for non-distressed properties slid 5.7 percent year-over-year, alongside 2.5 percent for move-in ready REOs over the same time frame. Prices for short sales plummeted 14.3 percent.

Read More »