US home prices could increase up to 4.9% in 2013

US home prices could increase by up to 4.9% in 2013 by RAY CLANCY on JANUARY 1, 2013 A nationwide panel of more than 100 professional forecasters in the United States expects home prices to rise 3.1% in 2013 after finishing 2012 up more than 4.6%. The findings from the December 2012 Zillow Home Price Expectations Survey reflect growing optimism in the housing market. The survey of 105...

USA House Prices increased 4.3% year-over-year

Bill McBride from Calculated Risk blog provides excellent commentary and data on the US economy, labor markets, and housing.  The following is excerpted from his post with the full link below. Summary for Week ending Dec 28th by Bill McBride on 12/29/2012 08:03:00 AM New home sales increased to 377,000 in November and are on pace to increase 18%+ in 2012. This was a solid annual increase, and...

Wall Street Journal: How Rising Prices Could Boost Housing Demand in 2013

2013: How Rising Prices Could Boost Housing The Wall Street Journal December 18, 2012, 8:00 AM Home prices finally hit a bottom in 2012. So will 2013 be the year of recovery or relapse? This is the second in a series of blog posts about where housing is headed next year. Potential buyers now have something they haven’t had in a long time: urgency (save for a few months when the government was...

USA Housing: Inventory down 24% in mid-December

Housing: Inventory down 24% year-over-year in mid-December by Bill McBride on 12/18/2012 08:56:00 AM Inventory declines every year in December and January as potential sellers take their homes off the market for the holidays. That is why it helps to look at the year-over-year change in inventory. According to the deptofnumbers.com for (54 metro areas), overall inventory is down 23.9%...

USA Housing Inventory declines 17% in November

October 2012 Real Estate Data Released – 11/14/2012 The total U.S. for-sale inventory of single family homes, condos, townhomes and co-ops (SFH/CTHCOPS) dropped to its lowest point since 2007, with 1.674 million units for sale in November, down 16.87 percent compared to a year ago and more than 45 percent below its peak of 3.1 million units in September 2007, when Realtor.com began...

Redfin: House prices +5% Year-over-Year in September

Redfin today released its Real-Time Home Price Tracker for September 2012, showing an annual price gain of 5 percent across 19 major U.S. markets…. The reported 29.3% year-over-year decrease in inventory is similar to other sources and is a key driver for the year-over-year price increase.

U.S. Home Prices Climb for Fourth Month

U.S. home prices rose in July for the fourth straight month to reach their highest level in nearly two years, according to an index released Tuesday. The S&P/Case-Shiller 20-city composite posted a 1.6% increase in July, following 2.3% advance in June. For the third month in a row, all 20 cities in the index recorded prices gains.

US home sales jump to highest since May 2010

A jump in sales of previously occupied homes and further gains in home construction suggest the U.S. housing recovery is gaining momentum… “The U.S. housing recovery is for real,” said Sal Guatieri, an economist at BMO Capital Markets, in a note to clients. “Great affordability, pent-up demand and strong investor interest in rental units are driving the market.”… New-home sales are up, builder confidence is at its highest level in more than six years and increases in home prices appear to be sustainable… “Housing is clearly in recovery mode,” Sullivan said.

U.S. Housing market outpaces plodding economy

To be sure, the real-estate market hasn’t come close to recovering from its worst slump in modern times. Sales of new and pre-owned homes and construction on new units are still far below the historical norm. Yet like the turtle in the tale of The Tortoise and the Hare, the market continues to inch forward.

Southern California home sales reach 6-year high

Southern California home sales reach six-year high

Posted by kpanchuk on 9/13/12 at 1:48pm
Investors, cash buyers and low mortgage rates are turning Southern California into a turnaround market, research firm DataQuick said Thursday…. “August was the strongest month for home sales so far this year, and the strongest for an August in six years. That’s really saying something given the drop in low-end sales, especially foreclosure resales,” DataQuick said. “Much of the pickup in activity reflects a continuation of trends we’ve seen for months, like the unleashing of pent-up demand in move-up markets and high levels of cash and investor buying.”