Why You Need To Check Out Surrounding Properties Before You Buy
| Imagine shopping for your dream home in the hot Seattle area market. You go to an open house, it’s crowded, you know there are multiple offers. But you feel like this is it, your dream home. It even has a great swath of vacant land behind the home for added privacy. [...]
Home prices post biggest gain in more than 7 years
The median existing single-family home price posted its biggest annual gain in more than seven years in the first quarter of 2013, as market conditions for home sellers continued to improve and home sales increased, the National Association of Realtors (NAR) reported today. The median home price leaped 11.3 percent on an annual basis in [...]
Big money betting big on housing
By Maureen Farrell @CNNMoneyInvest February 4, 2013: 6:52 AM ET The latest sign of a housing boom: investors are clamoring to buy up homebuilding stocks, homes, and undeveloped land. NEW YORK (CNNMoney) Investors are betting big on the housing recovery. Hedge funds and private equity firms have been rushing in to buy up companies and [...]
Housing Affordability Index to Set Annual Record for 2012
Media Contact: Walter Molony / 202-383-1177 / Email WASHINGTON (January 9, 2013) – With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors®. NAR’s national Housing Affordability [...]
Best Housing Markets for 2013
In the past 12 months, home prices have skyrocketed in some major U.S. cities. In Phoenix, according to real estate information site Trulia, asking home prices increased by 26.9 percent between November 2011 and November 2012. Of course, that’s after home prices in the area plummeted by more than 50 percent peak-to-trough. A new report [...]
Homes under contract hit 2.5-year high in November
NAR’s pending home sales index up 19 months in a row By Inman News, Friday, December 28, 2012. Inman News® Demand in the Northeast and West drove an increase in pending home sales in November to the highest level in 2 1/2 years. Pending home sales grew by 1.7 percent from October to November and [...]
Home prices post biggest annual jump in two years
By Chris Isidore @CNNMoney December 26, 2012: 9:14 AM ET NEW YORK (CNNMoney) The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index. The index showed prices up 4.3% in [...]
Fannie Mae: Housing market ‘has turned the corner’
Home prices, sales and mortgage rates point to continued growth By Inman News, Tuesday, December 18, 2012. Inman News® Housing trends image via Shutterstock. Despite lower expectations for the economy’s progress as a whole this quarter, home sale and price trends suggest housing finally represents “a tailwind to growth,” according to a monthly economic outlook released today by [...]
Asking prices stay strong into autumn
Trulia: 76 of 100 largest US metros post annual gains in November By Inman News, Tuesday, December 4, 2012. Inman News® Asking prices for homes on real estate portal Trulia’s website were up 3.8 percent in November from a year ago, the largest year-over-year increase since the housing recession began, according to a monthly report [...]
Pending Home Sales Rise, Beat Expectations
Contracts to buy previously owned U.S. homes rose more than expected in October, a sign the housing market recovery advanced into the fourth quarter despite a mammoth storm and concerns over looming tax hikes. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed in October, gained 5.2 [...]
5 Things to Know About a Neighborhood Before You Buy a Home
5 Things to Know About a Neighborhood Before You Buy a Home Mary Boone, Zillow You just bought the cutest house in the quietest neighborhood — or so you thought. Unfortunately, you did your house hunting in the winter, and now that the weather has warmed up you’re realizing the street is populated with [...]
Housing starts fell unexpectedly in July
By Reuters Groundbreaking on new U.S. homes unexpectedly fell in July and gains from the prior month were revised lower, a reminder of the housing market’s weakness despite some recent signs of recovery. The Commerce Department said on Thursday that housing starts dropped 1.1 percent last month to a seasonally adjusted annual rate of 746,000 [...]
Buying beats renting in most U.S. Cities
By Les Christie @CNNMoney August 2, 2012: 11:10 AM ET NEW YORK (CNNMoney) — For people who are willing to stay put for a few years, buying a home has become a much better deal than renting in almost every major housing market in the nation. In more than 75% of the 200 metro areas [...]
Home values rise for first time in 5 years
By Les Christie @CNNMoney July 24, 2012: 5:16 AM ET NEW YORK (CNNMoney) — Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday. Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site [...]
10 Lessons to Learn as the Housing Market Recovers
by Ron Phipps, 2012 Immediate Past President, NAR Headlines abound: The Housing Bust is over… In June, a survey of economists concluded that housing has hit bottom. Realtors®, homeowners and renters, Americans, and citizens of the world all are sighing with collective relief. The economy and housing values both have cycles. It has been more [...]
Zillow reports that U.S. housing market has turned a corner
U.S. housing market has hit bottom and is turning the corner while Portland home values continue to rise, according to a new report by Seattle-based online real estate company Zillow Inc. The Puget Sound Business Journal reports that Zillow’s (NASDAQ: Z), its Home Value Index rose on an annual basis for the first time in [...]
Homeownership rate expected to drop in next five years
By Inman News, Monday, June 25, 2012. Inman News® House arrow image via Shutterstock. After experiencing a slight dip this year, home prices will see modest increases starting in 2013 and through 2016, according to a quarterly survey of more than 100 economists, real estate experts and investment strategists. The survey, conducted by research and [...]
The Do’s and Dont’s of Home Appraisal
Editor’s note: The following item is republished with permission of houzz.com. See the original article: The Do’s and Don’ts of Home Appraisal. By Vanessa Brunner Selling a home was difficult even before the market started to slide. Now, every penny counts more than ever, which means that every leaky window, every dangling gutter and every [...]
Low Inventory Boosting Prices, Says HousingPulse
Home price purchases were mixed month-over-month in May, with non-distressed prices up and short sales down, according to the Campbell/Inside Mortgage Finance HousingPulse tracking survey. From April to May, transactions reported by HousingPulse survey respondents revealed the average price for non-distressed properties rose 1.7 percent, while the average price for short sales fell 0.7 percent. [...]
Economists: 2012 marks the end of a long bottom
Real estate industry experts offer midyear forecasts By Paul Hagey, Friday, June 22, 2012. Inman News® Swooping arrows image via Shutterstock. DENVER — U.S. housing markets are likely to continue on a path of slow recovery after seeing a multiyear bottom, according to three real estate industry economists participating in a forum hosted by the [...]
Low and zero carbon technologies increasingly used in new homes
House builders are increasingly incorporating low and zero carbon (LZC) technologies into new homes, as part of their approach to achieving the on-site performance requirements expected from the Government’s target for all new homes to be zero carbon from 2016. The recently published Today’s attitudes to low and zero carbon homes: views of occupiers, house [...]
Home prices lowest since 2002
NEW YORK (CNNMoney) — Home prices hit new post-bubble lows in March, according to a report out Tuesday. Average home prices were down 2.6% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have not been this low since mid-2002. “While there has been improvement in some [...]
Home Prices Show Strongest Gain in 6 Years: NAR
Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million. The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in [...]
Affordability Reaches All-Time High
With low rates and low prices, homeowner affordability continues to hit record levels, reaching another high during the first quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). During the previous record-breaking 2011 fourth quarter, 75.9 percent of homes sold were affordable to median-income earners. For this most [...]
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