February 18, 2013
Real estate sales in Colorado’s high country reached their highest levels since 2008 in six resort counties. Sales in the last six months of 2012 ranked as one of the strongest since 2007.
Sales in Pitkin County, home to the high-priced Aspen resort, totaled $270 million in December, up 116 percent over December 2011. Most deals were done in cash, with some high country brokers believing the surge was fueled by uncertainty over tax changes planned for 2013.
February 6, 2013
Baby Boomers, the generation that defined so much of American culture, are beginning to discover that college towns offer some very good, and low cost, places to retire. Who needs Florida and Arizona?
College towns have become a viable retirement alternative for many boomers who don’t really need the warm weather in traditional retirement states. Even ski villages are attracting active retirees who love to ski.
While most people will retire in the homes they have More...
January 30, 2013
Home builders in the U.S. broke ground on more homes than forecast in December, capping the best year for the industry since 2008, which is another good sign that the economy is rebounding.
Housing starts climbed 12.1 percent in December to a 954,000 annual rate, exceeding forecasts in a Bloomberg survey of economists and the most since June 2008, according to the Commerce Department. For the whole of 2012, construction started on a total of 780,000 new homes, up from 608,800 in More...
December 17, 2012
The National Association of Home Builders (NAHB) recently reported that housing markets showing signs of improvement have surged by 76 to a total of 201 metros in December. The NAHB/First American Improving Markets Index (IMI) shows that the number on the list by at least one metro increased from 38 in November to 44 in December.
The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at More...
December 14, 2012
The housing market continues to recover with home prices rising and pending sales and construction on the upswing. The number of inventory homes is dropping as well, but will it last?
If the upswing continues, it will most likely be investors rather than consumers who will sustain the momentum, according to a recent web post by CBS News.
According to the recent Fiserv Case-Shiller data, the real estate market during the spring and summer this year was the strongest since the More...
October 19, 2012
The number of homes listed for sale in the United States fell 18 percent in September from a year earlier, and the time that homes stayed on the market dropped 11 percent as the housing market continues to recover.
According to Realtor.com data, there were 1.8 million homes for sale in September, down from 2.2 million a year earlier and more than 40 percent below the September 2007 peak of 3.1 million, according to the NAR website. Properties on the market last month had been listed More...
October 16, 2012
CoreLogic’s October MarketPulse report, a monthly publication that provides insight into the health of the U.S. Economy with emphasis on housing and mortgage rates, states that the 2012 housing recover is expected to be more durable than in prior years because of an improved balance between supply and demand.
The report says that even a stronger-than-projected decline in the fourth quarter of this year is unlikely to diminish the gains made so far in 2012.
According to the More...
October 1, 2012
Applications for U.S. home mortgages rose recently as interest rates dropped to record lows in the wake of the Federal Reserve’s latest stimulus efforts, according to data provided by the Mortgage Bankers Association (MBA).
The association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 2.8 percent in the week ending September 21st.
The MBA’s seasonally adjusted index of More...
September 25, 2012
Average home prices increased by 1.5 percent for a 10-city composite and by 1.6 percent for a 20-city composite in July versus June 2012, according to S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.
For the third consecutive month, all 20 cities and both composites recorded positive monthly changes. It would have been a fourth had prices not fallen by 0.6 percent in Detroit back in April.
A total of 16 of the 20 cities and both composites rose over More...
July 10, 2012
Homes prices appear to be rising again after falling for more than five years, according to Bloomberg.com/news. All the major sales price indexes show that there have been modest national increases in recent months, even after adjusting for seasonal patterns.
When foreclosures and distressed sales are excluded from the data, prices are up even more. The asking-price index, a leading indicator of sales prices published by Trulia Inc., climbed at More...