|
|
May 14, 2012
The National Association of Realtors (NAR) reported that in the first quarter of 2012, the median existing single-family home price, or final sales price, rose in 74 of the 146 metro areas (51 percent) that the association monitors.
Housing inventory levels have been shrinking across the U.S., leading to bidding wars and modest upward pressure on prices in some areas. The data reinforces a notion already asserted by many economists, real estate agents, and investors that 2012 is More...
Average U.S. Home Prices, down by a third since 2006, will rise almost four percent a year for the next five years, according to market watcher Fiserv, which sees prices stabilizing by summer’s end and then climbing…quickly in some places before tapering off.
The forecast is based on an analysis of leading home price indexes. Investors will drive much of the momentum, as they are now in cities such as Las Vegas and Phoenix. First-time and trade-up buyers will eventually More...
May 3, 2012
Mirroring the uneven economic recovery, the housing market is expected to move in a slow, gradual upward path in 2012, while encountering its share of speed bumps along the way, according to economists participating in a recent National Association of Home Builders (NAHB) construction forecast webinar on the housing and economic outlook.
While the latest monthly housing data have shown signs of a slight softening, NAHB Chief Economist David Crowe said this is more reflective of More...
International buyers now account for more than 20 percent of the United States real estate market, with a significant proportion from China, according to a recent survey by the Asian Real Estate Association of America (AREAA).
Among all deals closed during the past 12 months, 30 percent were for premium homes valued at more than $1 million, the survey showed. Strong demand from China and other international buyers has boosted an otherwise challenging market.
Figures from More...
April 22, 2012
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2012.
The Market Composite Index, a measure of mortgage loan application volume, increased 6.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 6.5 percent compared with the previous week. The refinance index increased 13.5 percent More...
April 9, 2012
Sales of investment and vacation homes rose in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors (NAR).
NAR’s 2012 Investment and Vacation Home Buyers Survey, which covers existing and new-home transactions in 2011, shows investment home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. More...
March 26, 2012
Bank of America and Merrill Lynch has changed its forecast from November when it expected home prices to fall 3.5 percent in 2012. Now, it expects a modest gain of 0.5 percent, which is a good sign for the real estate business.
The firm is still forecasting a slow recovery, projecting home prices to gain 2.8 percent in 2014, which is below its prior estimate of 8.1 percent. The prediction for 2020 remains much the same, with prices recovering by 42 percent.
Inventory More...
February 29, 2012
Pending home sales are on an upward trend, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.0 percent higher than January last year when it was 89.8. The data reflects contracts but not closings.
The January index is the highest since April 2010 when it reached 111.3 as buyers were rushing to take advantage of the home buyer tax credit. NAR’s chief economist said this is a hopeful More...
January 27, 2012
The New Year is often accompanied by important resolutions made by many Americans, and what better way to start new resolutions than with the purchase of a brand new home.
Lennar Homes at Blackstone County Club, Southeast Aurora’s premier country club community, offers homes for growing families and empty nesters alike. What’s more, purchasing a new Lennar home means buying an “Everything’s Included” residence filled with luxury features and upgrades included in the More...
January 23, 2012
The number of homes on the market in metro Denver in December 2011 slipped to the lowest level in more than a decade.
There were 12,531 homes on the market in December, down 33.6 percent from the same month in 2010. In 2000, the inventory hit a low of about 9,000.
Most experts say that if inventory continues to drop, it could have a dramatic impact on the market, perhaps reducing the number of transactions.
In August, the number of metro Denver homes on the market More...
|
