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Posts Tagged ‘ down ’

Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in June were up 6.5% year-over-year. 2) Active inventory is now down 10.2% year-over-year.  More inventory (a theme in most of 2014)...
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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. This data...
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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada Home Prices Rise to Start 2017, GLVAR Housing Statistics for January 2017 The Greater Las Vegas Association of REALTORS®...
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Fannie and Freddie: REO inventory declined in Q4, Down 34% Year-over-year

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Fannie and Freddie: REO inventory declined in Q4, Down 34% Year-over-year

Fannie and Freddie reported results this week. Here is some information on Real Estate Owned (REOs). From Fannie Mae: Fannie Mae Reports Net Income of .0 Billion and Comprehensive Income of .6 Billion for 2015 Fannie Mae reported annual net income of .0 billion and annual comprehensive income of .6 billion in 2015. For...
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“Mortgage Rates Down to New 8-Month Lows”

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“Mortgage Rates Down to New 8-Month Lows”

Wednesday:• 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • 8:15 AM, the ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 190,000 payroll jobs added in January, down from 257,000 in December. • 10:00...
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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts. • At 2:00 PM, The Monthly Treasury Budget Statement for...
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Sacramento Housing in August: Sales up 16%, Inventory down 15% YoY

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Sacramento Housing in August: Sales up 16%, Inventory down 15% YoY

During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For a few years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. This...
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Update: Framing Lumber Prices down Year-over-year

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Update: Framing Lumber Prices down Year-over-year

Here is another graph on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs. The price increases in early 2013 were due to a surge in demand (more housing starts) and supply constraints (framing lumber suppliers were working to bring more capacity online). Prices didn’t increase as much...
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DataQuick: Southern California January Home Sales down 6% Year-over-year

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DataQuick: Southern California January Home Sales down 6% Year-over-year

From DataQuick: Southern California Home Sales Decline; Median Sale Price Still Up Year Over Year Home sales in January fell sharply from December, as they normally do, and dipped modestly from a year earlier, marking the 14th month in the last 16 to post a year-over-year sales decline. … A total of 13,560 new...
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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.  These key markets hopefully show us changes in trends for sales and inventory. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in October were up 2.5% year-over-year.  Note:...
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