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Tag Archives: Housing Supply

Monthly Drop in Home Sales No Cause for Despair

As the National Association of Realtors reported, home sales dropped in December. However, Capital Economics warns this should be no cause for despair. ""[M]onthly changes are volatile,"" the analytics firm stated Tuesday, adding that three-month averages are often more indicative of market trends and the numbers from a single month. Based on the three-month average, existing-home sales are still on the rise.

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Survey Finds Agents, Homebuyers Optimistic About Prices in 2013

As home prices continue to climb, real estate agents and homebuyers are maintaining a positive outlook for home values in 2013, a recent survey found. The survey, which was jointly released by Point2Homes and PropertyShark, reported 71 percent of survey respondents predicted home prices will go up or maintain their current level in 2013. The survey included nearly 1,500 real estate professionals and homebuyers.

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RE/MAX: Prices, Sales Finish Year with Gains, Inventory Declines

The housing market finished 2012 strong with year-over-year gains in home sales and prices, according to RE/MAX's December National Housing Report. The report, which covers 52 metro markets, shows a broad recovery all across the country, with both sales and prices rising almost every month in 2012. The biggest issue leftover from 2012 is inventory, which in December saw its 30th straight monthly decline.

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Hard-Hit Markets Improving; Inventory Shrunk in Most Markets

Consistent with 2012 trends, Realtor.com found Florida, California, and Arizona, ""markets that were once the epicenter of the housing crisis,"" are improving, while markets in the Midwest and Northeast continue to struggle. List prices increased in 66 of the 146 markets Realtor.com observes. Prices remained unchanged in 31 markets and decreased in 49. One trend that remained relatively consistent across most markets was inventory, which declined in 145 of the 146 markets observed.

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RE/MAX Co-Founder Offers Top 10 Predictions for 2013

RE/MAX co-founder and chairman Dave Liniger says he expects the national housing market's rebound in 2012 to not only continue into 2013, but he also thinks the year could be the best the industry has seen in a very long time. Liniger also offered his top 10 predictions for the year in a video presentation. According to the RE/MAX research team, Liniger's predictions for 2012 were 85 percent accurate.

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Redfin: Recovery Swells in Unlikely Neighborhoods

Redfin, a Seattle-based real estate broker driven by technology, is finding some of the nation's top emerging markets in what the broker says are unlikely places. Redfin studied 48 emerging neighborhoods located within 16 major metro areas across the country to determine which neighborhoods showed the most promise in terms of price growth this year. Seven of the top 10 neighborhoods are located in California. The top neighborhood is Highland Park, located in Los Angeles.

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Redfin: Sales, Listings, Prices Slip in December

Redfin's Price Tracker, a monthly report on prices, sales, and inventory across 19 U.S. markets, is based on local multiple listing services. According to the data for December, all three of the indicators tracked took a plunge during the holidays. According to Redfin, listings were down 11.5 percent from November and 33 percent from December 2011. The lack of selection proved to have a hindering effect on sales, which declined 4.1 percent from November to reach the lowest level in 10 months, Redfin reports.

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Number of Improving Markets Spikes in January, Hits 242

The National Association of Home Builders reported the First American Improving Markets Index rose for the fifth consecutive month in January. The index reached 242 and once again, achieved a record high. The index measured 201 in December. According to the NAHB, the list of improving markets now includes entrants from 48 states and the District of Columbia. The only states not represented are Kansas and New Mexico.

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November New Home Sales at 31-Month High

New home sales jumped 4.4 percent in November to 377,000, the highest level since April 2010, the Census Bureau and Department of Housing and Urban Development reported Thursday. Economists surveyed by Bloomberg expected the report to show a sales pace of 375,000.

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NAR: Existing-Home Sales Jump to 3-Year High in November

Existing-home sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04 million, the highest level since November 2009, the National Association of Realtors reported Thursday. Economist had expected the sales pace to improve to 4.9 million. The median price of an existing single-family home rose to $180,600 in November, up 10.1 percent from November 2011. November was the ninth consecutive month to see year-over-year price gains, maintaining the longest streak for yearly improvements since mid-2006.

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