Zillow's Home Value Index registered a national value of $158,100 last month, which represents a slight 0.1 percent increase from January.
Read More »Trulia: Gap Closing Between Cost of Buying vs. Renting
Data from Trulia shows that once all costs are factored, buying a home is 44 percent cheaper than renting at this point.
Read More »Panelists Forecast 22% Home Value Growth by End of 2017
If projections hold out, home values will rise 22 percent cumulatively by the end of 2017, according to Zillow's first-quarter Home Price Expectations Survey. On average, the panel forecasts price growth of 4.6 percent in 2013 and 4.2 percent in 2014. More moderate growth is expected after that, with annual appreciation rates between 3.6 percent and 3.8 percent for 2015, 2016, and 2017, leading to an average 4.1 percent growth annually for the next five years.
Read More »ZipRealty Ranks Most, Least Affordable Metros of 2013
ZipRealty analyzed two years' worth of multiple listing service data and Census Bureau information to come up with a list of the top 10 most affordable housing markets of 2013. The coveted title of "Most Affordable Market of 2013" goes to the Dallas-Fort Worth area, where the median sales price is 5.27 times the median household income. Meanwhile, metros located on or close to the coasts make up the list of least affordable areas. Washington, D.C., takes the top spot, with the average median price costing 16.78 times the average household income.
Read More »CoreLogic: Home Prices Post Greatest Yearly Gain in Almost 7 Years
CoreLogic's Home Price Index (HPI) saw its greatest yearly increase in nearly seven years in January, the analytics provider revealed Tuesday. Home prices nationwide--including distressed sales--rose on a year-over-year basis by 9.7 percent in January. The spike represents the biggest increase since April 2006, CoreLogic said. CoreLogic's Pending HPI, a metric measuring current trends in home prices, indicates that prices (including distressed sales) in February will likely match January's year-over-year improvement.
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 »Fitch: Private Market Stymied by GSEs’ Role in Recovery
Fannie Mae and Freddie Mac will continue to maintain their dominant role in the housing market, according to a report from Fitch Ratings.
Read More »FHFA Reports Continued Price Gains in Q4
Home prices rose 5.5 percent year-over-year in 2012's final quarter, the Federal Housing Finance Agency (FHFA) reported Tuesday. FHFA's seasonally adjusted purchase-only Home Price Index(HPI) increased 1.4 percent on a quarter-to-quarter basis in Q4. Month-over-month, December's index was 0.6 percent up from November, marking the 11th straight month of increases. The index rose in Q4 in 38 states and the District of Columbia, FHFA said.
Read More »NAHB: Appraisal Reform Necessary for Sound Market
As regulatory institutions provide some clarity to the mortgage market, the National Association of Home Builders insists the market is in need of a sound and functional appraisal system.
Read More »LPS: Prices Flat in December, Up 5.8% in 2012
Home prices in December were mostly flat from the month before, according to the latest Home Price Index (HPI) released by Lender Processing Services (LPS). LPS' index shows prices climbed 0.1 percent in December, staying at a rounded-off $207,000. November's HPI was also reported at $207,000. While December's index was little changed from the prior month, it was up 5.8 percent from $196,000 in December 2011. January 2012's index was also an estimated $196,000, meaning the year-to-date change throughout 2012 was also 5.8 percent.
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