Asking Prices Flat in May While Rent Increases

Asking Prices Flat in May While Rent Increases: Trulia “Asking prices fell flat in May after three consecutive monthly increases while also decreasing from the year before, according to reports from Trulia. Asking prices on homes for sale were unchanged in May on a seasonally adjusted basis and fell by 0.2 percent year-over-year. However, when …

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NAR: 2012 home sales will be strongest in past 5 years

The NATIONAL ASSOCIATION OF REALTORS® is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year. Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from …

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February modifications and foreclosures down

HOPE NOW, a private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors, estimated 45,000 homeowners received permanent, non-HAMP loan modifications from mortgage servicers during February 2012, down from 56,000, or 20 percent, compared to the month before in January. While modifications were down, foreclosure sales and foreclosure starts also declined on a …

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Newport Beach home sales surge 11%

Down by the beach, Newport area real estate for sale looks up recently. For the 22 business days ending Sept. 14 — latest DataQuick stats — 109 residences sold in Newport area vs. 98 deals closed in the matching period a year ago — a 11.2% increase over the past 12 months. At the community …

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