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 Sales
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 […]
Pending Home Sales Rise to Highest Level in Nine Years
DSNews by: Xhevrije West The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady […]
REO Share Still Way Above ‘Normal’ Levels in Many Metros
The Daily News by: Brian HoneaThe national percentage of residential single-family properties that were REO was 10 percent as of February 2015, which is five times its pre-crisis share (2 percent), meaning that in many metro areas the REO share is still way above pre-crisis levels, according to CoreLogic Senior Economist Molly Boesel.In CoreLogic’s May […]
Economists Predicting Good News for Job Market, Housing
DSNews Author: Brian Honea February 13, 2015 A survey conducted among economists by theFederal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery. The Philadelphia Fed […]
Housing Barometer Indicates Market is Moving Closer to ‘Back to Normal’ Levels
DSNews Author: Brian Honea January 15, 2015 While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia’s Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, […]
Freddie Mac: Housing Market Weak But Stabilizing
DSNews Author: Scott Morgan December 24, 2014 Freddie Mac’s latest Multi-Indicator Market Index(MiMi) report finds the U.S. housing market weak but stabilizing at year’s end. The index, released Tuesday, shows that 70 markets are inching upwards, including San Jose and Pittsburgh, which have finally joined the forward momentum. The national MiMi value stands at […]
Freddie Mac Predicts Biggest Year for Home Sales Since ’07
DSNews Author: Brian Honea December 16, 2014 Freddie Mac predicted that 2015 will see the highest level of home sales in the U.S. since 2007 in its December 2014 U.S. Economic and Housing Market Outlook released on Tuesday. In the report, Freddie Mac looked back at five key consensus predictions for 2014, […]
Friday Funny – Man refuses to buy house unless he gets seller’s cat
by MPA | Oct 31, 2014 An Australian couple found themselves in an awkward and tough predicament when a man bidding on their home refused to close on the deal unless he could also have their cat. According to Gawker, the potential home buyer’s child “fell in love” with Tiffany the cat while doing a walkthrough […]
