Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes.
May 2013 RealtyTrac Foreclosure Report Shows Strength For The US Housing Market
RealtyTrac recently reported that national foreclosure filings are down while foreclosure filings are seeing marked increases in some states.
Upswing In April 2013 Jobs Report Signals Good News For Real Estate
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report.
165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April.
Case-Shiller Home Price Indices Post Highest Growth Rates Since 2006
Housing markets continue to improve according to the S&P Case Shiller Home Price Indices released April 30 for Februaryâs data.
The Indices consist of a 10-City Composite Index and a 20-City Composite Index with housing markets for each city reported based on a three-month rolling average of home prices.
The data released yesterday comprised the Indicesâ highest growth rates since May 2006.
Understanding And Purchasing Distressed Property For Profit
According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned.
This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity -- 2.2 million units -- in December 2010.
Existing Home Sales Numbers Show Value Gains Across America
The National Association of REALTORS® released its Existing Home Sales report for March on Monday.
Sales dipped from Februaryâs seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent month-to-month.
Home Builders Hold Great Confidence For New Homes Over Next 6 Months
The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) report for April shows that builder confidence slipped by two points to a rating of 42 from the March reading of 44.
Home Prices Accelerate In 2013 WIth Double Digit Growth
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.
Rising Sales Prices Are Excellent News For Homeowners Across America
Existing home sales have increased by 10.2 percent as compared to 4.52 million existing home sales for February 2012, and have increased for 20 consecutive months. Read more...
NAHB Housing Market Index Shows Builder Confidence Slip In March
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March.
Surprisingly Strong Jobs Report May Affect Mortgage Rates
Last week's jobs report -- a combination of the Department of Labor's non-farm Payrolls Report and Unemployment Rate -- provided investors and job seekers with unexpected good news.
Look For Improvements In The Real Estate Market In 2013
The previous couple years' doom and gloom outlook is looking like it is turning more upbeat and robust for the rest of 2013.
Metro Area Home Values Continue To Shine
19 of 20 metro areas showed higher home prices in Q 4 2012 with the New York metro area showing a decrease in home prices; this could be due in part to the impact of Hurricane Sandy.
Existing Home Sales Rise As Home Inventory Shrinks
Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January.
Builder Confidence In New Home Sales Stay Near All Time High
February's Housing Market Index reading remains near the HMI's highest level since April 2006, when the HMI reading reached 51.
Over 70% Of US Metro Market Housing Markets Improve In February
The National Association of Homebuilders recently released its Improving Markets Index for the month of February.
Case-Shiller Index Shows Near 6% Home Price Gain
Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010.
Pending Home Sales Post 20th Consecutive Month Of Annual Gains
The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.
Existing Homes For Sale At Lowest Point In 11 Years
Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.
Homebuilder Confidence Nearly Triples In 2 Years
The National Association of Homebuilders (NAHB) Housing Market Index ended its 8-month winning streak this month.
