Category: Central Florida Housing Trends
June 10, 2014 - No Comments
WASHINGTON – June 10, 2014 - Of the approximately 350 metro markets nationwide, 56 returned to or exceeded their last normal levels of economic and housing activity in June, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of nine metros year-over-year. The index's nationwide score of .88 held steady from the previous month. This means that based on current permit, price and employment data, the nationwide average is running at 88 percent of normal economic and housing activity. Meanwhile, 30 percent of metro areas saw their score rise this month and 83 percent have shown an improvement over the past year.
June 8, 2014 - No Comments
NEW YORK – June 6, 2014 – Nationally, the number of single-family homes for sale and their prices continues to rise, revealing a healthier real estate marketplace than a year ago and strong seller confidence, according to the April 2014 National Housing Trend Report released by realtor.com. While last April's list price gains were driven largely by dramatic shortages in for-sale inventory, April 2014 data shows sustained moderate home price gains in tandem with increasing inventories. The increase in inventory and asking price suggests sellers are more optimistic than a year ago, likely the result of a strengthening national economy.
June 8, 2014 - No Comments
IRVINE, Calif. – A RealtyTrac analysis of median residential property prices from January 2004 through March 2014 in 1,567 U.S. counties nationwide identified the peak and trough prices of homes. Nationwide, 20 percent of the 1,567 counties studied had current real estate values that surpass their previous level during the peak of the real estate housing price bubble. However, many of those counties fare well because their all-time housing prices did not go as high as those in some states, such as Florida. The RealtyTrac numbers reflect the overall change in home prices – not whether bubble or current prices are accurate.
June 7, 2014 - No Comments
NEW YORK – June 6, 2014 – As the country's housing market continues to recover, more mortgage borrowers have moved into a positive equity position. The average financed U.S. residence had a loan-to-value ratio of 60.8 percent in the first quarter of this year. The nation's collective equity position improved from the final quarter of last year, when the average LTV was 61.9 percent. The details were spelled out in the CoreLogic Equity Report First Quarter 2014.
June 3, 2014 - No Comments
CHICAGO – June 3, 2014 - Big houses are back in vogue, and bigger than ever. The average size of a new home constructed in the U.S. last year was almost 2,600 square feet – 2,598 square feet to be exact – according to the Census Bureau. That's a higher square footage than even during the housing market's healthiest days, and beats the previous high of 2,521 square feet in 2008.
May 29, 2014 - No Comments
WASHINGTON– May 29, 2014 – Pending home sales improved for the second straight month in April, according to the National Association of Realtors® (NAR). Gains in the Midwest and Northeast offset declines in the West and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 0.4 percent to 97.8 in April from 97.4 in March, but is 9.2 percent below April 2013 when it was 107.7. "Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective home buyers' confidence," says Lawrence Yun, NAR chief economist. "An uptrend in closed sales is expected, although some months will encounter a modest setback."
May 28, 2014 - No Comments
WASHINGTON – May 28, 2014 – More buyers are saying that summer is the best time to purchase a home, according to the latest Prudential Real Estate Consumer Outlook Survey. More consumers say that the spring momentum will carry into summer, with the survey showing an eight-point jump over a year ago in those who view summer as the best time to buy a home. Overall, 77 percent of 2,500 consumers surveyed reported a favorable view of housing, a 12-point jump from one year prior. Millennials showed the most optimism, at 85 percent.
May 22, 2014 - No Comments
ORLANDO, Fla. – May 22, 2014 – Florida's housing market reported higher median prices, more new listings and a slight rise in inventory in April, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 21,385 last month, up 4.1 percent over the April 2013 figure. "Florida's strengthening economy and increased jobs outlook are positive signs for continued growth in the state's housing market," said 2014 Florida Realtors®President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. "Statewide, new listings for single-family homes in April rose 9.2 percent year-over-year, while new townhouse-condo listings rose 1.4 percent. This increase in listings shows many Florida homeowners are continuing to regain equity in their homes. Potential sellers who were on the sidelines now believe the time is right to put their residences on the market.
May 13, 2014 - No Comments
CoreLogic released its analysis of home price trends during the fourth quarter of 2013. It covers more than 380 U.S. markets. The CoreLogic Case-Shiller Indexes estimate that home prices increased by 11.3 percent in fourth quarter 2013 compared year-to-year. Overall, that makes U.S. home prices 20 percent above the post-recession trough reached in the fourth quarter of 2011, but they're also about 21 percent below the peak reached in the first quarter of 2006.
May 12, 2014 - No Comments
ORLANDO, Fla. – May 12, 2014 – Florida's housing market reported higher median prices, more new listings, fewer days on the market and a slight uptick in inventory during the first quarter of 2014, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 50,251 in 1Q 2014, up 2.3 percent over the 1Q 2013 figure.
May 9, 2014 - No Comments
The market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity, according to the National Association of Realtors® (NAR). The results spring from an analysis of data collected for the latest Realtors Confidence Index. Lawrence Yun, NAR chief economist, calls the findings counterintuitive. "Distressed home sales, most popular with investors who pay cash, have declined notably in the past two years, yet the share of all-cash purchases has risen," he says. "At the same time, investors have declined as a market share, indicating other changes have been underway in the marketplace."