Home prices in November 2013

When you look at the statistics from November 2013, you can see that home prices increased slightly. According to SFGate (and CoreLogic, whom they cited), prices went up 0.1% during this month. This increase is less than both October’s and August’s gains–but overall from year-to-year, prices have risen 11.8% from 2012. However, we need to …

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Buyer demand continues into October

An analysis of listings data released by realtor.com suggests that homes continued to turn over quickly in October, in defiance of seasonal patterns and in spite of price increases driven by inventory shortages in many markets. The 1.9 million homes listed on realtor.com during October had been on the market for 94 days on average …

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Existing-home sales drop in September

Existing-home sales dropped in September amid reduced home affordability, as prices continued to rise on an annual basis, the National Association of Realtors (NAR) reported. “Affordability has fallen to a five-year low as home price increases easily outpaced income growth,” said Lawrence Yun, chief economist at NAR. “Expected rising mortgage interest rates will further lower …

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Economists temper housing bubble worries

Although home prices are likely to continue to rise in the next few years, the national market is not in danger of a bubble, according to prominent economists. “Four of the next five years are likely to be improving years in the housing market. I don’t say five because there’s always the possibility of little …

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