Tag Archives: Home Prices

The National Association of Home Builders (NAHB) reported that 61.8 percent of new and existing homes sold from July through September were affordable to American households earning the median U.S. income of $63,900. That was down from the 62.6 percent of homes sold that were affordable to median-income earners in the second quarter.

According to data released Thursday by CoreLogic DataQuick, sales statewide—including all sales of single-family houses and condos—totaled 36,830 last month, up 1.4 percent from 36,316 in September. A year ago, sales in the Golden State came to 36,468, down 1.0 percent from the most recent data.

Single-family home sales saw a modest uptick in Connecticut in September as prices trended downward for another month, according to a report from the New England-based Warren Group. Trends were also mixed for condominium properties.

Florida's housing market continued on a steady growth track throughout the third quarter, though improvements were slightly subdued compared to spring and early summer. Florida Realtors' chief economist, Dr. John Tuccillo, said the quarterly numbers reinforce trends the group has seen on a month-to-month basis.

While home sales prices posted moderate gains in September, the housing market recovery as a whole is moving slowly, according to the Wells Fargo Economics Group Housing Wrap Up for October 2014.

Forty percent of American consumers polled in Fannie's latest National Housing Survey said they believe the economy is on the right track at the moment, flat from September's survey but up 13 percentage points over the past year. Housing attitudes were decidedly more mixed, however.

According to a report released Thursday by the National Association of Realtors (NAR), the median price for an existing single-family home rose annually last quarter in 73 percent of the 172 major metros surveyed. That share was up slightly from the second quarter, when 71 percent of metros posted year-over-year gains.

Home price growth continued in September on an annual basis, while monthly returns have stagnated, CoreLogic reported Tuesday. Including distressed sales, the company's Home Price Index (HPI) increased 5.6 percent in September compared to the year prior, bringing the index's yearly growth streak to 31 straight months.

Based on data from August real estate transactions, Black Knight Financial Services' Home Price Index (HPI) edged up just 0.1 percent from July, remaining nearly flat at $242,000. August's rate of appreciation was half of July's already slow 0.2 percent gain in prices. Annually, the index was up 4.9 percent from last year compared to a gain of 5.1 percent in July.

Out of hundreds of home sellers surveyed nationwide earlier this month, only 35.1 percent said now is a good time to sell a home in their neighborhood, according to the latest Real-Time Seller Survey from Redfin. The response reflects a decline of more than 17 percentage points from the second-quarter survey, which found more than half of sellers felt they had an advantage in the market.