DSNews BY: Colin Robins April 24, 2014 According to the Fastest Markets Report issued by Redfin, homes are “flying off the market” in many places, such as San Francisco, California; Austin, Texas; and Washington, D.C. The report notes that although homes are selling faster, fewer total homes are selling. Inventory has risen in these metros, but […]
Category: Housing Market
Florida’s Housing Market Is On the Rise
DSNews BY: Paul Salfen April 23, 2014 More good news has surfaced in the housing market, this time in Florida. According to Florida Realtors, the housing market reported higher median prices, more new listings, and a stable level of inventory in March. Closed sales of single-family homes statewide totaled 20,081 last month, up 2.8 […]
Total Home Sales and Prices Tick Slightly Upward in March
DSNews BY: Colin Robins April 24, 2014 According to RealtyTrac’s latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2 million homes in March, a .4 percent increase from February, and up 8 percent from the previous year. The median sales price for […]
Yearly Asking Price Gains Slow Despite Solid Monthly, Quarterly Gains
DSNews BY: Colin Robins May 9, 2014 Nationally, asking prices rose 0.8 percent month-over-month in March and 2.8 percent quarter-over-quarter in April. Yet asking prices rose a mere 9.0 percent year-over-year, the smallest gain in 11 months according to an analysis of data from Trulia’s Price Monitor and Rent Monitor. With monthly and quarterly increases holding steady, […]
HUD: Housing Improves; Still Needs Further Recovery
DSNews BY: Colin Robins May 9, 2014 The U.S. Department of Housing and Urban Development (HUD) released its April 2014 Housing Scorecard, noting that home prices remained stable, foreclosure completions continued to their lowest levels since mid-2007, existing home sales stabilized, new home sales slowed, and the administration’s foreclosure mitigation efforts continued to provide […]
Economic Index Finds Markets Continue to Improve
DSNews BY: Colin Robins May 6, 2014 In a nationwide analysis of 351 metros, the National Association of Home Builders (NAHB) found 300 have seen year-over-year economic gains. According to the group’s Leading Markets Index (LMI), 59 metros have fully returned or even exceeded their last normal levels of […]
Zillow: Buying a Home Beats Renting After 2 Years
DSNews BY: Colin Robins May 1, 2014 Zillow’s break-even horizon analysis came to an interesting conclusion: in half of U.S. metros, buying a home is a better financial decision than renting for buyers intending to stay in their home at least two years. The company’s analysis includes all costs associated with buying versus renting, including […]
Mortgage Performance Improves in Q4 2013
DSNews – BY: Colin Robins, March 27, 2014 The Office of the Comptroller of the Currency (OCC) released a new report Thursday, highlighting the performance of first-lien mortgages serviced by large national and federal banks continued to improve in the fourth quarter of 2013. The OCC Mortgage Metrics Report for the Fourth Quarter of 2013 found 91.8 percent […]
4 million homeowners climb out of negative equity
LA Times, BY KENNETH R. HARNEY, March 6, 2014 WASHINGTON — The economy may be growing at a frustratingly slow pace, but one piece of it is booming: American homeowners’ equity holdings — the market value of their houses minus their mortgage debts — soared by nearly $2.1 trillion last year to $10 trillion. Big numbers, […]
New Housing Data Reveals Positive 2013 for Florida
BY: Colin Robins, February 11, 2014 New housing data released by Florida Realtors shows a positive 2013 for closed and pending sales. The closed sales for existing single-family homes totaled 227,411, up 11.8 percent from 2012. Pending sales figures were also positive, up 17.6 percent compared to 2012. Data was compiled from the Florida Realtors Industry Data and Analysis […]
