Realtors in December expected prices to rise by about 3.5 percent over the next year, while consumer estimates were more modest at 2.5 percent for the same time period, Capital Economics noted in its monthly housing report. The estimates show a growing optimism among those groups. But, with the low supply of inventory, Capital Economics anticipates much bigger gains.
Read More »Survey: Homeownership Important to 96% of Americans
Younger generations continue to hold a more favorable view of homeownership than their elders, according to Prudential Real Estate's end-of-year Outlook Survey. The report shows homeownership remains important to 96 percent of Americans, with 77 percent of respondents ages 25-34 and 78 percent ages 35-44 agreeing it is "very important." Those percentages fall off somewhat for older generations: 73 percent for the 45-54 crowd and 72 percent for those ages 55-64.
Read More »Analysts Draw Uneven Price Picture for East, West Coasts
While home prices are expected to increase by 5 percent on the national level, analysts at Capital Economics say some regions are more likely to see little to no growth at all.
Read More »LPS: 2012 Strongest Year for Originations Since 2007
On an annual basis, 2012 was the strongest year for originations since 2007, according to Lender Processing Services' December Mortgage Monitor.
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 »Case-Shiller Price Indices See Big Yearly Gains in November
Despite seeing a month-over-month drop, the 10- and 20-city Case-Shiller Home Price Indices registered their strongest year-over-year improvement in two and a half years, Standard & Poor's reported Tuesday. On an annual basis, the 10-city index was up 4.5 percent, and the 20-city index rose 5.5 percent. It was the strongest yearly gain in the 10-city index since June 2010 and in the 20-city index since May 2010. Year-over-year, prices were up in 19 of the 20 cities surveyed.
Read More »LPS Price Index Grows 0.5% in November, Florida Gains Most Ground
Home prices continued to inch up in November, according to Lender Processing Services' (LPS) Home Price Index (HPI) for the month.
Read More »FHFA: Prices Continue Upward Trend in November
Consistent with most industry indices, the Federal Housing Finance Agency (FHFA) reported continued gains in its most recent House Price Index. On a seasonally adjusted basis, prices increased 0.6 percent from October to November. This rate matches the previous month's revised index, which was revised from a 0.5 percent increase to a 0.6 percent increase. National home prices have increased 5.6 percent over the 12-month period ending in November, according to FHFA. The current index is 15.2 percent lower than the national peak.
Read More »Zillow: Home Values Up 5.9% in 2012, Growth to Slow in 2013
U.S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow's latest Home Value Index (HVI).
Read More »Commentary: Let Them Eat… Nothing
The debt ceiling controversy and its impact on the nation's financial credibility demands a solution that will last for more than just a few months.
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