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 …
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, …
Continue reading ‘Foreclosure Activity in California and the Nation Slow’ »
The Pending Home Sales Index (PHSI) increased for the third straight month in November, improving 1.7 percent to 106.4, the National Association of Realtors reported Friday. Economists had expected a slightly fast, 1.8 percent increase to 106.7. The index, the NAR said, is at its highest level since April 2010. The index for October was …
Continue reading ‘November Pending Home Sales Index at 31-Month High’ »
Read this informative article from RealtyTrac’s Daren Blomquist on DSNews.com’s website: “Some level of certainty and stability returned to the U.S. housing market in 2012, providing a solid foundation for the market to build on in 2013. But there are still significant risks that threaten this hard-won stability and could trip up some local markets …
Continue reading ‘A Tricky Transition from Housing Stability to Strength in 2013’ »