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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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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CoreLogic: Shadow Inventory Shrinks 12% from Year Ago in October

“As of October 2012, 2.3 million housing units still remain in shadow inventory, CoreLogic reported Wednesday. The total translates into a supply of 7 months and sits 12.3 percent lower than the 2.6 million units in October 2011, according to the data provider. From September 2012, shadow inventory shrunk by about 1 percent. In dollar …

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