The thin shadow inventory compared with rising home values has caused the share of distressed home sales to drop to single digits. Since there will be fewer properties sold at deep discounts, this will cause home prices to strengthen, Yun said. "It also means that those practitioners who specialize in foreclosures or short-sales need to start thinking about a change in business models to normal home buyers and normal positive-equity home sellers," Yun wrote on the blog.
Read More »Housing Data Shows Surge in Demand, Median List Prices
An early look at the realtor.com national monthly housing data, which is based on the first three weeks of March, showed that housing demand is surging and median list prices are rising faster.
Read More »Lack of Credit Availability, Low Inventory Challenging Housing Market
Two challenges facing the U.S. housing market is currently facing are a dearth of credit creation and a lack of available inventory, according to a report released Wednesday by the Kroll Bond Ratings Agency (KBRA) that is scheduled to be presented Thursday by KBRA Senior Managing Director and Head of Research Christopher Whalen at the 2nd Annual Real Estate Symposium in Salt Lake City, Utah.
Read More »Strong Finish to 2014 For Texas Housing Market Caps State’s Second-Best Year Ever
Housing in Texas heated up in the final quarter of 2014, capping off the second-best year for the market in the state's history, according to data released by a local Realtor group.
Read More »Income, Inventory Increases Lift October Home Sales
Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report.
Read More »Pennsylvania Housing Market Sees Q3 Gains
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.
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.
Read More »Housing Inventory Continues Fall in January
January marks another decline in home inventory, according to a report issued by Redfin. With the caveat that "it is too soon to tell," the brokerage did offer some optimism regarding inventory in coming months, revealing "Redfin agents report that most of their home selling clients are planning to list between March and May."
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