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 Local home prices rise again, according to GLVAR report GLVAR said the total number of existing local homes, condominiums and townhomes...
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The Case-Shiller house price indexes for January will be released Tuesday, March 26th. Zillow has started forecasting the Case-Shiller almost a month early – and I like to check the Zillow forecasts since they have been pretty close. Zillow Forecast: January Case-Shiller Composite-20 Will Be Up 8% Year-Over-Year e predict that next month’s Case-Shiller...
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Note: I’ve been following the Sacramento market to look for changes in the mix of house sales in a distressed area over time (conventional, REOs, and short sales). The Sacramento Association of REALTORS® started breaking out REOs in May 2008, and short sales in June 2009. Over the last two years there was a dramatic shift...
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In addition to Case-Shiller, CoreLogic, FHFA and LPS, I’m also watching the FNC, Zillow and several other house price indexes. FNC released their October index data last night. FNC reported that their Residential Price Index™ (RPI) indicates that U.S. residential property values increased 0.4% from September to October. From FNC: Home Prices Up 0.4%...
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From Zillow: October Marks 12th Consecutive Month of National Home Value Increases Zillow’s October Real Estate Market Reports, released today, show that national home values rose 1.1% from September to October to 5,400. This is the largest monthly increase since August 2005 when home values rose 1.2% month-over-month. October 2012 marks the 12th consecutive...
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From the BLS: Job Openings and Labor Turnover Summary The number of job openings in September was 3.6 million, essentially unchanged from August. … The level of total nonfarm job openings in September was up from 2.4 million at the end of the recession in June 2009. … In September, the quits rate was...
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Note: The Case-Shiller report to be released next Tuesday is for July (really an average of prices in May, June and July). Zillow Forecast: July Case-Shiller Composite-20 Expected to Show 1.6% Increase from One Year Ago On Tuesday, Sept. 25, the Case-Shiller Composite Home Price Indices for July will be released. Zillow predicts that...
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Here is another update using inventory numbers from HousingTracker / DeptofNumbers to track changes in listed inventory. Tom Lawler mentioned this last year. According to the deptofnumbers.com for (54 metro areas), inventory is off 22.8% compared to the same week last year. Unfortunately the deptofnumbers only started tracking inventory in April 2006. This graph...
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The CoreLogic index turned positive year-over-year in March: CoreLogic® Home Price Index Shows Year-Over-Year Increase of Just Over One Percent Home prices nationwide, including distressed sales, increased on a year-over-year basis by 1.1 percent in April 2012 compared to April 2011. This was the second consecutive year-over-year increase this year … And the FHFA...
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From Realtor.com: May 2012 Real Estate Data On the national level, inventory of for-sale single family homes, condominiums, townhouses and co-ops declined by -20.07% in May 2012 compared to a year ago, and declined in all but two of the 146 markets covered by REALTOR.com. The median age of the inventory fell -9.78% on...
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