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The National Association of Home Builders (NAHB)/First American list of improving markets jumped by a net of 22 metropolitan areas (MSAs) this month, the third consecutive monthly increase in the Improving Markets Index (IMI) which now stands at a total of 125. The index now includes at least one MSA in each of 38 states and the District of Columbia. Last month the index represented 33 states plus the District.
The IMI identifies markets in which there has been improvement…Continue
Added by Marenews on November 7, 2012 at 12:32am — No Comments
CoreLogic has announced the release of its September Home Price Index (HPI) report, which found that home prices nationwide, including distressed sales, increased on a year-over-year basis by five percent in September 2012 compared to September 2011. This change represents the biggest increase since July 2006 and the seventh consecutive increase in home prices nationally on a year-over-year basis. On a month-over-month basis, including distressed sales, home prices decreased by 0.3 percent…Continue
Added by Realty Associated on November 7, 2012 at 12:14am — No Comments
CoreLogic reports that the rate of completed foreclosures in the U.S. continues to drop, with fewer homes entering into the process in September 2012 than in the same month of the previous year. An improving economy may be helping, but experts point toward government programs and banks making it possible for more people to refinance loans, make a short sale or get loan modifications. The states with the most foreclosures include California, Florida and Texas, while those with the fewest…Continue
Added by Realty Associated on November 7, 2012 at 12:00am — No Comments
The 10- and 20-city S&P/Case-Shiller home price indices posted monthly increases for the fifth month in a row in August, according to a reportreleased today.
Seventeen of the 20 metros…Continue
Added by Realty Associated on November 6, 2012 at 9:00pm — No Comments
After raising the question of how the election might impact the housing market’s shadow inventory, it was obvious to see we had touched on a key issue near and dear to many voters’ hearts, minds, and wallets. Responses to the initial installment of our special election series poured in, and while we can only share some of the reactions here, we’d like to thank all of you who took the time to put your perspectives into words and join in the…
Added by Realty Associated on November 4, 2012 at 11:30am — No Comments