housing market: Home Prices: It’s About Supply & Demand
- 05/29/12 10:16 PM
The KCM Team - Wednesday May 30th, 2012. The real estate market continues to heat up as we head into the summer. Will this increase in demand equate to an increase in home prices? That depends. Remember, the price of any item is determined by the supply of and demand for that item at any point in time. Let’s look at the facts as reported by the National Association of Realtors (NAR) in this month’s isting Home Sales Report: - Demand has strengthened, showing a 10% increase over the same month last year. - The supply of homes for sale is … (2 comments)
housing market: New-home inventories shrinking
- 05/27/12 10:01 PM
Sales still slow, but up nearly 10 percent from a year ago By Inman News Inman News® Sales of new homes remain anemic by historic measures, but homebuilders have cut back so drastically on construction that new-home inventories are no longer bloated. New single-family homes were selling at a seasonally adjusted annual rate of 343,000 homes per year during April, up 3.3 percent from March and 9.9 percent from a year ago, the Census Bureau reported. That represents a supply of 5.1 months at the current rate of sales, down from 5.2 months in March and an all-time high of 12.1 … (2 comments)
WASHINGTON (May 22, 2012) – Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of Realtors®. The improvements in sales and prices were broad based across all regions. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April from a downwardly revised 4.47 million in March, and are 10.0 percent higher than the 4.20 million-unit level in April 2011. Lawrence Yun, NAR chief economist, said the housing recovery is … (1 comments)
housing market: NOW is the Best Time to Buy a Home!
- 05/24/12 10:50 PM
by: Metroplex Real Estate,National Real Estate News The following was sent to all members of the Ebby Halliday Companies today by President & CEO Mary Frances Burleson: This could be the best time in a generation to buy a home. Here’s why: Housing affordability is the best it has been in decades. Nationwide, average home prices are approximately one-third lower today than at their peak in 2006. The cost to buy is very often less than the cost to rent a comparable property. In fact, buying is cheaper than renting in 98 out of America’s 100 major markets. Interest rates … (1 comments)
housing market: Things to know when Buying a Home.
- 05/16/12 10:21 PM
Use mortgage preapproval to your advantage By Dian HymerInman News®The home-sale market is showing signs of life. More buyers are confident now than they were a year ago that now might be a good time to buy. Interest rates are near all-time lows and home prices in some areas are back to 2002-2003 levels. Some analysts are finally suggesting that we may be headed for recovery. If you have a secure job, plan to stay put and feel this is the right time for you to buy a home, consider the following. In most places in the country, home prices are … (0 comments)
housing market: Metro Area Home Prices Stabilizing, Sales Up & Inventory Down
- 05/14/12 10:12 PM
First Quarter Metro Area Prices Stabilizing, Sales Up and Inventory Down. WASHINGTON (May 9, 2012) – Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®.The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas1 (MSAs) based on closings in the first quarter from the same quarter in 2011, while 72 areas had price declines. In the fourth quarter of 2011 only 29 areas were showing gains from a year earlier. A … (1 comments)
housing market: Housing Market Moves Upwards for CLOSED SALES in the Last 5 Years
- 05/05/12 01:35 AM
Amazingly enough 'GOOD' Inventory is in High Demand. Noemi Cardoso RE/MAX Welcome Home Serving Westport, Dartmouth, Fall River, MA Little Compton, Tiverton, RI and surrounding towns. www.DistinctiveHomes-NE.com … (2 comments)
housing market: 5 mortgage and housing trends - Spring 2012
- 04/27/12 11:27 PM
By Polyana da Costa | Bankrate.com – Sat, 21 Apr, 2012 6:00 AM EDT If you're waiting for mortgage rates or house prices to hit bottom, you may have delayed too long. Among the housing trends you can expect to see this spring: Potential homebuyers will find increased competition when shopping for a home this spring, as more bargain hunters get off the fence. Investors also will continue to take advantage of the opportunity to buy low. Rising mortgage rates will serve as a warning to borrowers who thought the low rates would last forever. More bad news: Some mortgages will … (1 comments)
housing market: How Will the Mortgage Settlement Impact the Real Estate Market?
- 03/24/12 12:03 AM
Last month, the state and federal governments finalized an agreement with the five major banks regarding their paperwork challenges throughout the robo-signing mess. The National Mortgage Settlement will have a major impact on the housing market over the next three years. The long term effect will be to prevent a certain percentage of homes from entering the foreclosure process through refinances and principle reductions. However, the settlement will negatively affect home prices in the short term. You can find a quick synopsis here: National Mortgage Settlement: What You Need to Know In the short term the market will affect … (3 comments)
WALTHAM, Mass. -December 22, 2009 - The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales were up a record 63.1 percent compared to November 2008, as buyers expected the first-time homebuyer tax credit to expire at the end of the month (instead it was extended to April 2010). KEY MESSAGES • October was the fourth straight month of year-over-year increases. Buyers took advantage of the … (2 comments)
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The KCM Team - Wednesday May 30th, 2012. The real estate market continues to heat up as we head into the summer. Will this increase in demand equate to an increase in home prices? That depends. Remember, the price of any item is determined by the supply of and demand for that item at any point in time. Let’s look at the facts as reported by the National Association of Realtors (NAR) in this month’s isting Home Sales Report: - Demand has strengthened, showing a 10% increase over the same month last year. - The supply of homes for sale is … (2 comments)
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