RealtyTrac recently reported that national foreclosure filings are down while foreclosure filings are seeing marked increases in some states.
Category Archives: Housing Analysis
Upswing In April 2013 Jobs Report Signals Good News For Real Estate
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report.
165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April.
Case-Shiller Home Price Indices Post Highest Growth Rates Since 2006
Housing markets continue to improve according to the S&P Case Shiller Home Price Indices released April 30 for Februaryâs data.
The Indices consist of a 10-City Composite Index and a 20-City Composite Index with housing markets for each city reported based on a three-month rolling average of home prices.
The data released yesterday comprised the Indicesâ highest growth rates since May 2006.
Understanding And Purchasing Distressed Property For Profit
According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned.
This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity — 2.2 million units — in December 2010.
Existing Home Sales Numbers Show Value Gains Across America
The National Association of REALTORS® released its Existing Home Sales report for March on Monday.
Sales dipped from Februaryâs seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent month-to-month.
Home Builders Hold Great Confidence For New Homes Over Next 6 Months
The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) report for April shows that builder confidence slipped by two points to a rating of 42 from the March reading of 44.
Home Prices Accelerate In 2013 WIth Double Digit Growth
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.
Rising Sales Prices Are Excellent News For Homeowners Across America
Existing home sales have increased by 10.2 percent as compared to 4.52 million existing home sales for February 2012, and have increased for 20 consecutive months. Read more…
NAHB Housing Market Index Shows Builder Confidence Slip In March
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March.
Surprisingly Strong Jobs Report May Affect Mortgage Rates
Last week’s jobs report — a combination of the Department of Labor’s non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news.