Stable Home Prices and Modest Increases by End of 2012
Clear Capital just released its Home Data Index (HDI) Market Report with data through March 2012. Lets look at some of the findings reported by Clear Capital:
- US home values dropped slightly in the rolling quarter-over-quarter analysis
- US home prices are forecast to increase 1.2% by year end
- Home prices in the South increased 0.6% in the rolling quarter-over-quarter analysis
- Home prices in the South decreased 0.4% year over year
But if we look at the February 2012 Market Report for our area we will see that the median home price for February 2012 is up 10.4% compared to February 2012. Of course that is for the entire WUAR MLS and for many different areas & types of homes. If you have questions about a specific home or property, please Contact Me!
101 Housing Markets on Improving List in April 2012
Some great news for the US real estate market and the economy is that the most recent National Association of Home Builders/First American Improving Markets Index shows 101 housing market as improving. NAHB Chairman Barry Rutenberg said:
While housing markets across the country continue to struggle under the weight of overly tight lending conditions and other challenges, the April IMI indicates that at least 101 individual metros are showing measurable and consistent signs that they are headed in the right direction. A total of 35 states are now represented on the list, with 10 states having four or more entries. This positive news is in line with what our builder members have observed regarding firming conditions and improved buyer interest in certain locations.
Sadly, Anderson, Oconee and Pickens Counties are not on the list. But every positive story is another step in the right direction and will help give buyers more confidence to take advantage of the deals available today.
More Real Estate News & Links
Sadly I think that we cannot expect any meaningful progress until after the election on housing finance reform. And even IF there are any changes, will they help or hurt consumers? Please read The Coming Housing Finance Train Wreck
The Federal Reserve weighs in on banks renting foreclosed homes: Federal Reserve Policy Statement on Rental of Residential Other Real Estate Owned Properties Maybe if the problems in housing finance were solved, the banks would not be forced to become landlords?
There are sharks in the water: FTC Action Leads to Court Order Banning Final “U.S. Homeowners Relief” Defendants from Debt and Mortgage Relief Business Special place in hell for scum like this…