housing market: How 'Normal' Is the Housing Market?
- 12/28/12 12:28 AM
The housing market is poised for a “gradual but steady” recovery in 2013, with housing starts, permits, prices, home sales, and builder confidence all on the rise, the National Association of Home Builders reports. But how close to “normal” is the housing market? Remodeling has returned to normal levels, says David Crowe, the NAHB’s chief economist, using the 2000-2002 period as a benchmark for normal levels. Mutlifamily production is 69 percent of normal. "It's the single-family market that has the farthest to go, standing at only 40 percent of what is considered a typical market," Crowe says. The housing market is … (2 comments)
housing market: Housing Market Reaches Turning Point, Economists Say
- 03/23/12 01:27 AM
Economists say the housing market is starting to heal, but too many people aren't aware of it because they're judging a housing recovery on the wrong sign: What’s happening with home prices. Paul Dales at Capital Economics says higher prices won’t be the sign that the housing market is on the mend — that can be a lagging indicator — but rather an increase in overall home sales. And that's showing signs of improvement: Existing home sales in 2011 rose to 4.26 million compared to 4.19 million in 2010. In the last six months alone, home sales have increased 13 percent. … (2 comments)
housing market: 23 Housing Markets Show Big Improvement
- 10/14/11 05:53 AM
Double the number of housing markets moved into the “improving” category this month compared to last month, according to the National Association of Home Builders/First American Improving Markets Index, which debuted last month. Twenty-three housing markets qualified as “improving” compared to 12 last month. Metro areas are considered “improving” if they show an improvement in housing permits, employment, and housing prices for at least six months. Texas cities appear the most frequently on the list. "Both the number and geographic diversity of improving housing markets expanded this month, with Iowa, Illinois, and South Carolina all newly represented by one entry or … (0 comments)
housing market: Evansville Realtors Not Worried About Housing Market
- 10/11/11 08:36 AM
Another housing market slump may be on the way but Evansville realtors are not worrying about it. The President of the Evansville Association of Realtors Chris Dickson says home sales are up from last year. Dickson tells NEWS 25 July sales were up 19 percent and up 33 percent in August. He also say the average price is also up 20 percent because people are buying more expensive homes. Dickson tells us less foreclosures are coming onto the market but there are still several foreclosure properties sitting vacant in Evansville. Source: http://www.news25.us/story/15617516/evansville-realtors-not-worried-about-housing-market … (0 comments)
housing market: 10 Reasons to Buy a Home
- 09/23/10 07:13 AM
By Robert Freedman, senior editor, REALTOR® Magazine A piece in the Wall Street Journal yesterday took issue with a recent Time cover story calling into question some of our most cherished beliefs about homeownership. Much of what the Journal talks about isn't new. In fact, it recites benefits of homeownership that you already know better than anyone. But in pulling them together in the way it does, it makes you realize just how compelling homeownership is from just about every standpoint. If you haven't seen the piece, by Brett Arends, here's a thumbnail sketch of its 10 points: Why is now … (0 comments)
housing market: Latest Home Price Figures are Positive
- 08/12/10 07:04 AM
From a price perspective, the latest news is good for the housing market. Home prices for the second quarter are up on a year-over-year basis in almost two-thirds of the big metro areas that the National Association of REALTORS® tracks, and in almost 10 percent of markets, the gains were in the double digits. The national median home price at the end of June was $176,900, about 1.5 percent higher than the same time last year. Although the clear firming up of prices is positive, the question you're no doubt asking is: What happens going forward? The second-quarter data reflects the … (0 comments)
housing market: Housing Recovery Dependent on Inventory Reduction According to Fannie Mae's Economics & Mortgage Market Analysis Group
- 04/21/10 08:59 AM
WASHINGTON, DC - Housing is stabilizing but excess inventory and shadow supply are hindering recovery according to the April 2010 Economic Outlook released today by Fannie Mae's (FNM/NYSE) Economics & Mortgage Market Analysis Group. The outlook projects economic growth of 3.1 percent for all of 2010, notwithstanding the recent dip in growth for the first quarter. "Financial conditions are improving as seen by the unwinding of various programs, most notably the MBS purchase program which ended in March. This is strong evidence that the Fed believes the financial sector can stand on its own," said Fannie Mae Chief Economist Doug … (1 comments)
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The housing market is poised for a “gradual but steady” recovery in 2013, with housing starts, permits, prices, home sales, and builder confidence all on the rise, the National Association of Home Builders reports. But how close to “normal” is the housing market?
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