home sales: Home Prices Rise For The 2nd Straight Month
- 07/22/11 06:27 AM
<!-- .entry-meta --> A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May. It’s the HPI’s second straight increase, and puts the monthly index at its highest point since January 2011. As a home seller in Cary , you may appreciate news such as “rising home prices”, but it’s important to remember that the Home Price Index has a several built-in flaws — the biggest of which its age. Today, the calendar nearly reads August, yet, we’re still discussing … (0 comments)
home sales: Existing Home Sales Fall To 8-Month Low
- 07/21/11 02:17 PM
<!-- .entry-meta --> Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. The Existing Home Sales posted a 1 percent drop from May as the number of homes sold fell to a seasonally-adjusted, annualized 4.77 million units. It’s the monthly report’s lowest reading since November 2010. The report also showed the national supply of homes for sales rising to 9.5 months — also its highest reading since November 2010. Home Supply is the amount of time it would take to exhaust the complete home inventory at the current pace of sales. … (1 comments)
home sales: Homebuilder confidence is bouncing back.
- 07/19/11 05:46 AM
One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder's Housing Market Index rebounded two points to 15 in July. The monthly Housing Market Index is scored on a 1-100 scale. Readings above 50 indicate favorable conditions for homebuilders and the "new home" market. Readings below 50 indicate unfavorable conditions. The Housing Market Index has not read higher than 50 in more than 5 years. As a housing metric, the HMI is actually a composite of three separate surveys, self-reported by builders. The surveys ask about current single-family home … (0 comments)
home sales: What To Know Before You Move To A New Neighborhood
- 07/06/11 07:41 AM
http://www.msnbc.msn.com/id/32545640 As home buyers in the Apex area , we tend to research homes a lot. We look at square footage; at upgrades; at landscaping; at community statistics; and, at every other "number" on which we can get our hands. But those are just statistics. What about the home's "feel"? In this 5-minute piece from NBC's The Today Show, you'll learn a dozen complementary home-shopping techniques to help you review and evaluate a home for purchase. Each is focused on findings you won't see listed on a website. For example, instead of scheduling your second showing for the same time of … (0 comments)
home sales: Pending Home Sales Unexpectedly Spike In May
- 07/02/11 03:18 AM
The summer housing market is heating up. According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May. Wall Street calls were for an increase of just 0.5 percent. It was a surprise result that, coupled with the recent stronger-than-expected New Home Sales and Existing Home Sales readings, has sparked housing market optimism in North Carolina and nationwide. The biggest reason for the optimism is because of what the Pending Home Sales Index measures. In contrast to "traditional" housing data which reports on how housing performed … (0 comments)
home sales: New Home Supplies Drop, And So Does Homebuilder Confidence
- 06/24/11 10:03 AM
On paper, the market for newly-built, single-family homes looks healthy. Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average. These are strong numbers in isolation. However, after accounting for the dwindling supply of new homes for sale as well, the figures look even stronger. In May, at the current pace of sales, the complete, national inventory of new homes for sale would have been sold in just 6.2 months. That’s the quickest pace in a year and … (0 comments)
Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month — three ticks lower than last month, and its lowest level since September 2010. June’s 3-point drop from May is the biggest one-month move since May 2010, the month after the expiration of the federal home buyer tax credit. The retreat could signal favorable pricing for new home buyers in Raleigh in the months ahead. When builders get less bullish on housing, … (2 comments)
home sales: Existing Homes Sales Slip In May
- 06/22/11 05:09 AM
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February. April’s resales were revised lower, too. Analysts were surprised by the figures because it runs counter to the National Association of REALTORS® monthly Pending Home Sales reports. The association’s Pending Home Sales Index is purported to be a forward-looking indicator for the housing market because 80% of homes under contract close within 60 days and recent Pending Home Sales readings show an increase in “pending” homes. This month’s Existing Home Sales, however, fell flat. May’s drop in home resales wasn’t … (2 comments)
home sales: What’s Ahead For Mortgage Rates : Week of June 20, 2011
- 06/20/11 08:13 AM
Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation – an event that tends to lead rates higher — but weak domestic jobs data and a soft manufacturing report suppressed the damage. Rates were also held low by ongoing issues in Greece. In Greece, the government is currently struggling to meet its debt obligations — despite a restructuring of existing debt negotiated in 2010. Without a plan for its new debt, though, Greece will likely to default on what it owes. Eurozone and international banking leaders … (1 comments)
Foreclosure rates are falling. According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. A foreclosure filing is defined as any one of the following: a default notice, a scheduled auction, or a bank repossession. On an annual basis, foreclosure counts have dropped over 16 consecutive months, dating back to January 2010. Like all things in real estate, though, foreclosures are local. 6 states accounted for more than half of the country’s foreclosure filings in May. Those six states — California, Michigan, Arizona, Florida, Georgia and Texas — represent just 34% of the U.S. population. … (2 comments)
home sales: Mortgage Rates Surge On May Retail Sales Figures
- 06/15/11 12:40 PM
The jobs market is recovering slower than expected, and so is housing. But neither condition has slowed U.S. consumers. According to the Census Bureau, Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency. Wall Street didn’t expect such results. As a result, mortgage rates worsened Tuesday. By a lot. The connection between Retail Sales and mortgage rates can be fairly tight in a recovering economy. Retail Sales accounts for almost half of all U.S. consumer … (0 comments)
home sales: Moving To A New City? See How Much Your Cost Of Living Will Change.
- 06/09/11 08:36 AM
It’s a fact: It’s more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating from North Carolina and across state lines, the change in “life costs” can be jarring. Depending on where you live, everyday expenses — from groceries to gasoline — make a different-sized dent in a household budget. And now you can see in numbers by how much your expenses might change. Visit Bankrate.com’s Cost of Living Comparison Calculator. The Cost of Living Comparison calculator is as basic as it … (0 comments)
<!-- .entry-meta --> A strong spring season helped home values recover, says the government.
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