Tag Archives: Home Prices

Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to RealtyTrac's Q3 2014 Residential and Foreclosure Sales Report released Tuesday.

The number of homeowners optimistic about selling their homes dropped in the third quarter, interrupting a streak of rising confidence as the housing market shifted out of their favor.

ProTeck noted a census report that revealed a $5,000 increase in median household income in 2013 in Seattle as well as a Forbes Magazine article that listed Seattle as one of the best places for business. Amazon, Costco, Boeing, Microsoft, and Nordstrom all have a presence in Seattle, making for a strong job market.

According to RealtyTrac's 2014 Election Housing Market Scorecard released on Tuesday, 33 out of 35 counties in Colorado with sufficient housing data to score ranked in the "better off" category, meaning that the housing market in those counties is better off than it was two years ago.

PAR's latest quarterly housing report shows closed sales statewide totaled 41,371 in Q3, up 5.1 percent from the previous quarter. Year-over-year, third-quarter sales fell short 1.1 percent.

Single-family home sales fell annually in Rhode Island for the fifth month this year in August, dropping by double digits even as selling prices came down, the Warren Group reported.

According to results from Fannie Mae's September 2014 National Housing Survey, Americans' optimism about the housing market recovered last month.

Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August—the same as one quarter ago and up from 56 percent one year ago. Trulia's chief economist, Jed Kolko, said that with the share of mortgage borrowers with negative or near-negative equity dropping, the default rate should continue to drop.

Annual price appreciation regularly topped 10 percent nationwide in 2012 and 2013, fueled in large part by high levels of investor activity and a shortage of homes on offer to interested buyers. As of July, yearly growth was down to 5.6 percent, according to the S&P/Case-Shiller Price Indices.

More interesting, Redfin said, was the shift in supply and demand dynamics: Even as new listings plunged 9.3 percent—nearly triple the average July-to-August decline—numbers of customers touring homes and making offers rose, demonstrating buyers aren't backing off.