Housing Analysis
Pending Home Sales Unexpectedly Spike In May
According to data from the National Association of REALTORS, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May.
Home Values Climb 0.8 Percent In April
Maybe homes are holding value better than we thought.
New Home Supplies Drop, And So Does Homebuilder Confidence
Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average.
Existing Homes Sales Slip In May
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
Homebuilder Confidence Slips To 9-Month Low
If you’re a home buyer and have considered “buying new”, the time may be right for making an offer. Financing is cheap, home values are low, and builders are pessimistic — a terrific combination for today’s home buyer.
Housing Starts Climb Unexpectedly In May
The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
Monthly Foreclosure Count Drops For 16th Straight Month
According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.
“Homes Under Contract” Plunge 12 Percent In April
Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.
Case-Shiller Shows Home Values Rolling Back 9 Years
The March Case-Shiller Index was released this week and it corroborates the findings of the government’s most recent Home Price Index — home values are slipping nationwide.
Home Affordability Still Soaring; New Records Reached
The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.
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