INFO THAT HITS US WHERE WE LIVE... Home prices have certainly been marked down from their highs of a few years ago, and buyers seem to be finally realizing there are some very nice homes out there at some very nice prices. The latest evidence came when Existing Home Sales shot UP 2.3% in July to a 4.47 million unit annual rate. Sales of these homes are now UP 10.4% from a year ago. But those contemplating a purchase should not dally. The median price of an existing home is UP 9.4% over a year ago, the largest gain since the peak in early 2006!
July New Home Sales are UP 3.6% for the month, to a 372,000 annual rate, and are UP 25.3% over a year ago. The months' supply is now down to 4.6. The median price is also down slightly (2.5%) from a year ago, but some…
Home prices rose 6.9 percent in the second quarter nationwide, according to the Case-Shiller Index compiled by Standard & Poor’s, the strongest quarter-over-quarter gain since the quarterly index began in 1987. WOW, the best ever!!!?? That is really good news for just about everyone!!! In June, the monthly 10 and 20 city indices rose 2.2 percent and 2.3 percent, respectively, S&P reported. Prices also improved month-over-month in all 20 cities tracked by Case-Shiller.
This is the type of data that everyone from the Federal Reserve to the “big banks” watch as they create policy and make decisions that affect you and me. Maybe this information will allow some banks to start releasing more of their “shadow inventory” we hear so much about….. This
INFO THAT HITS US WHERE WE LIVE... Home builders last week showed plenty of evidence they are both hopeful and confident. July new Building Permits came in UP 6.8%, to an 812,000 annual rate. In fact, July saw the most single-family building permits filed since August 2008, the month before the Lehman collapse and the financial market meltdown. Versus a year ago, permits for single-family homes are now UP 23.0%.
Housing starts did slip a scant 1.1% from June to July, but they're still UP 14.2% year-over-year. Housing starts have been rising on an annual basis since September 2011 and are now 56% above their April 2009 low point. No wonder builder confidence in the market for new single-family homes rose in August to its highest level in more than five…
By Hudson Sangree email@example.comThe Sacramento Bee
By Hudson Sangree The Sacramento Bee
Last modified: 2012-08-15T18:26:47Z
Published: Wednesday, Aug. 15, 2012 - 11:25 am
Copyright 2012 The Sacramento Bee. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Figures released today by real estate information service Dataquick show signs of a strengthening home market across the Sacramento region, driven by investors snapping up rental properties and competition for the ultra-low inventory of resale homes.
The median price of resale single-family homes in Sacramento County rose 5.6 percent from the same month a year ago, from
INFO THAT HITS US WHERE WE LIVE... Some of the actions we're seeing in the housing market should lead us to a better destiny. The National Association of Realtors (NAR) reported median sale prices for single-family homes posted year-over-year gains in Q2 in 110 of 147 markets. This is up from 74 markets showing annual price appreciation in Q1. The national median sale price of existing single-family homes in Q2 was up 7.3% over a year ago, the biggest annual increase in six years!
Total existing home sales in Q2 came in at a seasonally adjusted annual rate of 4.54 million. Many indicators point to a bottom forming -- new home inventories are at historic lows, home builder sentiment has turned around and home prices have gone up, seasonally adjusted, 4…
Home prices nationwide have hit a bottom, and home values are finally on the rise.
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 Zillow reported. Prices were up 2.1% from the first quarter.
Even though June marked the fourth consecutive month of home value increases, overall home prices are still down almost 24% since April 2007, when Zillow began to track home values.
"[I]t seems clear that the country has hit a bottom in home