Salt Lake City and Tucson were among the list of populous cities that have the highest levels of housing market competition.
Read More »The Housing Market Heats Up
Things always warm up in the spring, but experts are detecting record-breaking heat this year—at least in the housing market. Inventories are low, homes are flying off the market, and prices continue to rise, according to Realtor.com’s Monthly Housing Trends ...
Read More »For U.S. Housing, When Will Familiar Trends Shift?
The one thing steady about the U.S. housing market post-Q1 is that it continues to be defined by a dynamic that almost sounds like it's stuck on repeat: historically low inventory is driving fewer sales and rising prices in most ...
Read More »Fannie Mae’s Mark Palim on the State of Housing
As a Deputy Chief Economist at Fannie Mae, Dr. Palim is responsible for overseeing the Economic and Strategic Research Group’s forecasting functions. He also manages multi-disciplinary partnerships across the company to address specific business issues facing Fannie Mae. Dr. Palim ...
Read More »Home Prices Increase 6% in May
In its May 2014 Residential & Foreclosure Sales Report, RealtyTrac reported that U.S. properties sold at an estimated annual pace of 5.1 million in May. The pace of sold homes remained virtually unchanged from April, with a small increase of less than 1 percent from May 2013.
Read More »National Housing Market Improves in April
Inventory and price continued to rise for the month of April suggesting a healthier national housing market, according to the National Housing Trend Report released by Realtor.com. The group cited trends from the previous year which found "dramatic shortages" being replaced in 2014 by moderate home price gains in tandem with increasing inventories.
Read More »Fast Home Sales in Some Markets Indicates Positive Spring
According to the Fastest Markets Report issued by Redfin, homes are "flying off the market" in many places, such as San Francisco, California; Austin, Texas; and Washington, D.C. The report notes that although homes are selling faster, fewer total homes are selling. Inventory has risen in these metros, but prices are holding buyers back.
Read More »Home Values Rise, But Remain Below ’07 Peak
Zillow’s Q1 Real Estate Market Report, released Tuesday, shows that home values across the United States are up 5.7 percent (to a national median of $169,800) compared to Q1 2013. Even more encouraging is that home values in 527 U.S. cities that saw declines of 10 percent or more during the recession are either at their peak or soon will be.
Read More »Increased Inventory and Prices Help Florida Housing Market
Florida's housing market experienced higher median prices, more new listings, and fewer days on the market in February, according to the latest housing data released by Florida Realtors. A stable inventory helped close sales reach a statewide total of 15,826, a 1.5 percent increase of the previous year.
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