Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It's yet one more signal that the U.S. housing market may have already climbed off its bottom. According to RealtyTrac, a "foreclosure filing" is any one of the following foreclosure-related events : (1) A default notice … [Read more...]
Homebuilder Confidence Returns To Pre-Recession Levels
February 16, 2012 By Leave a Comment
New construction buyers in Phoenix , look out. The nation's home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches. For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed … [Read more...]
Case-Shiller Index Says Detroit And Washington DC Lead The Market
February 1, 2012 By Leave a Comment
Standard & Poors released its November 2011 Case-Shiller Index this week. The index measures the change in home prices from month-to-month, and year-to-year, in select U.S. cities. According to the data, for the second straight month, home values fell in 19 of the Case-Shiller Index's 20 tracked markets. In addition, also for the second … [Read more...]
Supply Of New Homes At 6.1 Months Nationwide
January 31, 2012 By Leave a Comment
New Home Sales slowed into the New Year but the market for newly-built homes remains strong. For home buyers in AZ and nationwide, December's New Home Sales report is yet one more signal that the housing market recovery may be underway. According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units … [Read more...]
Pending Home Sales Index Posts Second Best Month Since April 2010
January 27, 2012 By Leave a Comment
After 3 consecutive months of growth, the housing market appears to have eased a bit in December. According to the National Association of REALTORS®, December's Pending Home Sales Index slipped 4 percent from the month prior. The index measures the number of homes under contract to sell nationwide, but not yet sold. Despite falling below its … [Read more...]
Existing Home Sales Approach Bull Market Territory
January 24, 2012 By Leave a Comment
The housing market finished 2011 with strength, and is carrying measurable momentum into 2012. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December's Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high. An "existing home" is a … [Read more...]
