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Tag Archives: Home Values

Six New Markets Rebound Fully in February

The number of markets around the nation that have seen home values recover fully rose by six in February, according to data from Homes.com. “February’s rebound progress illustrates how home prices in most markets across the country are appreciating, even in the depths of winter,” said Brock MacLean, EVP for Homes.com. “This is unusual given harsh weather conditions in most markets, but a positive sign as we enter peak season.”

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Home Values Up 5.7% in Q1

Zillow’s Q1 Real Estate Market Report, released Tuesday, shows that home values across the United States are up 5.7 percent (to a national median of $169,800) compared to Q1 2013. This marks the 21st consecutive month that prices, compared year-over-year, have gone up. Even more encouraging is that home values in 527 U.S. cities that saw declines of 10 percent or more during the recession are either at their peak or soon will be.

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Report: Nevada Housing Poised for Steady Improvement

It would appear that the Silver State is slowly making a comeback, according to a new report from Wells Fargo’s Economics Group. Overall, the group believes that Nevada's housing market is on the right track, fueled by rising employment, higher incomes, and a rapidly increasing population. However, inventories "will have to come down further before residential construction can really take off."

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As Markets Come to Boil, Analysts Dispel Bubble Fears

Pro Teck released its March Home Value Forecast, which ranks the hottest metro markets in the country. California claimed nine of the top 10 slots, while Florida claimed seven of the bottom 10 areas for home value appreciation. Though California has shown impressive gains in valuation recently—a trait that often makes California the subject of “new bubble” talk—Pro Teck CEO Tom O’Grady said he does not foresee trouble over the next five years.

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Interest Rates Set Back Consumers’ Buying Plans

According to a report released by Thomson Reuters and the University of Michigan, consumer sentiment retreated last month to an index reading of 80.0, down 2 percent from February’s 81.6. The most immediate concern, according to the survey, is the ongoing slowdown in home value gains. Given the stall in price improvements and the increase in interest rates over the last year, plans to purchase homes are reportedly on the decline.

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Housing Barometer: Recovery ‘Staggering’ Forward; Headwinds Persist

Recovery in the housing market is stumbling back to solid ground, thanks to a rise in home prices and existing home sales, as well as a drop in foreclosures, according to the latest Housing Barometer report released Wednesday by Trulia. However, growth in these sectors is dragging disproportionally weaker growth in young adult employment and stagnation in the new home construction sector in its wake.

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Underwater Rate Falls Below 20%; Declines Expected to Slow

For the first time in years, the national negative equity rate dipped below 20 percent to close out 2013, Zillow revealed Friday in its quarterly Negative Equity Report. According to the company’s stats, negative equity declined to 19.4 percent nationally as of the end of last quarter, bringing the underwater rate down more than 8 percentage points over the course of 2013.

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Experts Predict Diminished Investor Activity, 4.5% Appreciation in 2014

A majority of experts surveyed by Zillow and Pulsenomics expect large-scale investors will pull out of the housing market in the next few years--and that hopefully means a smoother field for consumer buyers. While their withdrawal will most certainly affect today's still-fragile market--79 percent of those surveyed said the impact would be ""significant or somewhat significant""--Zillow chief economist Dr. Stan Humphries says it wouldn't be the worst thing to happen to housing.

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Consumer Sentiment Index Dips in January

The Surveys of Consumers' Index of Consumer Sentiment, released jointly by Thomson Reuters and the University of Michigan's Survey Research Center, dropped to 81.2 this month from December's 82.5. The monthly decline stands in contrast to the Conference Board's Consumer Confidence Index, which rose for the second straight month in the group's most recent report. The measure of sentiment about current conditions fell slightly to 96.8, while the expectations index was down to 71.2.

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Nearly Three-Quarters of Homeowners Thinking of Selling in 2014

LendingTree released recently the results of an online survey conducted near the end of the last year. According to the findings, more than two-thirds--69 percent--of respondents have a positive outlook on housing this year, and 63 percent hold a similar view for the economy at large. With hopes this high, 71 percent of respondents said they are considering selling their home in 2014. Out of that group, the majority said they would have to see their home's value increase before acting.

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