Home prices in January posted their best annual gains since
summer 2006, a closely watched housing barometer shows.
3-26-2013 Sellers Who Delay May Miss Out
Some would-be move-up home sellers are eyeing home prices carefully.
They're waiting to see how much prices appreciate more before they
consider selling their home. But they may be missing their perfect
opportunity, some housing experts say.
"Things have turned around faster than anyone anticipated, " said Mr. Pintare
who first began buying properties here four years ago and now owns or
manages 1,700 homes. wsj.com
Despite "horror stories" about the diffculities of getting a mortgage, banks are
willing to lend to qualified homebuyers, Barry Habib, chief market strategist
at Residential Finance, told CNBC om Monday. But he stressed that the
defintion of "qualified has reverted back to standards of 10-15 years ago.
Rising home values have lited more borrowers out of the hole of owing
more than their properties are worth, an encouraging sign for an
ecomony still closely tied to the health of the housing market. wsj.com
Groundbreak to build U.S. homes rose in February and permits for
construction climbed to their highest level since 2008, signs the housing
market recovery is gathering steam. cnbc.com
Several ecomomists have recently revised their predictions on housing
values to reflect a stronger-than-expected real estate rebound, and some
have even doubled their original forecasts over the rise in in home prices.
3-14-2013 Home Foreclosures Drop Sharply
While the nation's foreclsure woes persist, new data show they are easing
amid a resurgent housing market, rising home prices and efforts by some
states to buy homeowners more time to avoid losing their home.
The inventory of homes for sale has reached its lowest level since 1999,
which is helping home prices to rise in may markets, says Larence Yun,
the National Association of Realtors chief economist.
On March 8th, the Bureau of Labor Statistics released its February
Employment Report and the numbers are promising. "We're seeing the
very early fruits of recover," explains Dr. Peter Muoio, head of the rearch
divison of online real estate marketplace Auction. com.
3-07-2013 Immigrants Buoy the Housing Market
Immigrant homebuyers have bolstered the housing market across the
country in the past decade and will continue to fual demand at least
2020, according to a new study. wsj.com
Home prices are expected to continue their trajectory upward, projected
to rise 3.7% between the third Quarters of 2013 and 2014, according to
Fiserv, which used data from the Federal Housing Finance Agency for
Interest-oly mortgages accounted for about 14% of private mortgage
originations from Jan. 2912 through Oct., according to the lastest data
from real estate analytics frim CoreLogic.
Six years after the city rolled out plans to improve the Park Hill Neighborhood,
a 17 acre plot in the middle of it is still dotted by trees, piles of litter and
graffiti-mared buildings. courier-journal.com