DSNews By: Kerri Panchuk December 7, 2015 The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday. Dr. Frank Nothaft, senior vice president and chief economist […]
Category: Home Prices
Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
DSNews BY: Brian Honea December 3, 2015 Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed […]
Nearly All Metro Areas See Home Price Appreciation in Q2
DSNews By: Xhevrije West Home prices rose in almost all metro areas in the U.S. mostly due to the increase in home sales during Q2, according to the latest quarterly report by the National Association of Realtors (NAR). Despite low inventory levels, the median existing single-family home price increased in 93 percent of measured markets, with 163 […]
