Home Prices Rose 5.8% in 2014

As 2014 drew to a close, median home prices rose to their highest level since 2007 and home sales picked up. For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS┬« show. …

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Shadow Inventory is Down

The number of homes lurking in the nation’s “shadow inventory” has dropped 18 percent over the past year and 28 percent over three years, reducing the threat to home prices that such distressed properties posed in the past. Irvine-based data firm CoreLogic reported that as of January, 2.2 million U.S. homes were in the shadow …

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Existing-home sales near 5-year high

Existing-home sales, prices and inventory saw dramatic changes in 2012 reminiscent of the housing boom, statistics released by the NATIONAL ASSOCIATION OF REALTORS┬«. At 4.65 million units, 2012 existing-home sales were up 9.2 percent from 2011, according to NAR’s preliminary totals for the year. That would be the highest volume since 2007, when 5.03 million …

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Foreclosure Activity in California and the Nation Slow

DSNews’ article on foreclosure activity pointed out some quality information about distressed properties; here’s a few of the main points: Foreclosure activity in both California and the nation has slowed considerably, according to RealtyTrac in an article by DSNews.com. Foreclosure starts have especially slowed, hitting a 79-month low. Foreclosure filings cover default notices, scheduled auctions, …

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