Statewide, the median sales price for single-family existing homes in August was $181,000, Florida Realtors reported, up 3.4 percent year-over-year. The median price for townhouse-condo properties was $135,000, up 3.8 percent from a year ago.
Read More »Home Prices Continue to Gain, But at Miniscule Rate
For the 12 months ending in July, FHFA reported house prices were up 4.4 percent. As of the latest index, the national HPI is now 6.4 percent below its peak in April 2007 and is roughly in line with its July 2005 level.
Read More »Report: Home Sales Down, Prices Up For August
Despite the currently slower environment, RE/MAX CEO Margaret Kelly is keeping a positive view on recent figures, noting that August sales were still more than 10 percent higher than in 2012 and 17.8 percent higher than in 2008, when the company began reporting on monthly activity.
Read More »Analyst Predicts Home Price Decline In Report to White House
If Pollard is correct, the impact on the U.S. economy would be seismic. Overvalued homes, according to his report to President Obama, make up $23 trillion of consumer asset value and "serve as the psychological linchpin" for $17 trillion of invested capital.
Read More »Adjusted Case-Shiller Index Paints Different Picture of Housing Market
Beginning with the release of the June report last month, the monthly Case-Shiller reports now include an expanded national series going beyond the previously covered 20 markets. Previously, the national series was only released every quarter.
Read More »Connecticut Housing Activity Slow, But Still Creeping Upward
A slight increase in single-family home sales in Connecticut for the month of July marked the fifth time in 2014 that single-family home sales increased year-over-year, according to a report released on Wednesday by the Warren Group, publisher of the Commercial Record. The 3,152 homes sold in Connecticut in July represented the highest total for any month since June 2010, when 3,400 homes were sold in the state, according to the Warren Group. July's total of 3,152 was an increase of less than 1 percent from June's home sales of 3,129 in Connecticut. Year-to-date, through the end of July, home sales in the state have fallen by 1.2 percent (from 14,230 down to 14,059).
Read More »Home Price Appreciation Decelerates Annually
Compared to a year prior, July's index was up 7.4 percent, barely down from 7.5 percent in June. As of the July report, the national HPI has risen year-over-year for 29 straight months.
Read More »Power Shift Could Result in Home Sales Spike
For July, Redfin recorded a 0.3 percent monthly decline in the median sales price of homes sold in the major metros the company tracks, marking the first time in five months that price growth was essentially flat.
Read More »High Rents Prevent Potential Buyers From Owning Homes
What this means for the future of the housing market could be trouble. The effects of rents high enough to keep prospective buyers away from houses is particularly hitting millennials, who are already saddled with uncertain job prospects and enormous student debt, according to Zillow Chief Economist Stan Humphries.
Read More »Housing Market Maintains Spring Momentum
For the first time since the start of the housing recovery in 2012, Realtor.com says the end of the annual peak buying season passed this year without any outside economic influences creeping in.
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