In March, for the second straight month, home resales slipped nationwide. According to the National Association of REALTORS®, March 2012 Existing Home Sales fell to 4.48 million units on a seasonally-adjusted annualized basis -- a 3 percent drop from February. An "existing home" is a home that's been previously occupied or owned. The … [Read more...]
Nevada Relinquishes “Top Foreclosure State” Title
April 19, 2012 By Leave a Comment
According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years. The generic term "foreclosure filing" is used to group … [Read more...]
Single-Family Housing Starts Slip 0.2% In March
April 18, 2012 By Leave a Comment
Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the "new home" market. The report's first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the three sections, it's Housing Starts that gets … [Read more...]
Homebuilder Confidence Slips 3 Points In April
April 17, 2012 By Leave a Comment
For the first time in 3 months, homebuilder confidence has slipped. As measured by the National Association of Homebuilders, the Housing Market Index dropped three notches in April to a reading of 25. The report measures homebuilder confidence in the newly-built, single-family housing market. When the Housing Market Index reads 50 or … [Read more...]
Case-Shiller Shows Uneven Recovery For U.S. Housing
March 29, 2012 By Leave a Comment
Recent data suggests that the U.S. housing market is in recovery. However, the data also shows this to be an uneven recovery. According to the monthly S&P/Case-Shiller Index, for example, home values rose in three of 20 tracked markets between December 2011 and January 2012. 17 tracked markets showed home prices still in decline. It's easy to … [Read more...]
Pending Home Sales Index Remains Strong Into Spring
March 28, 2012 By Leave a Comment
The housing market took a step back in February, but remains near post-recession highs. According to data from the National Association of REALTORS®, February's Pending Home Sales Index slipped 0.5 percent from the month prior, to 96.5. The Pending Home Sales Index is a monthly report which measures the number of homes under contract to sell, … [Read more...]
