Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
Nationally, Home Prices Off 18.3 Percent From April 2007 Peak
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
New Home Sales Approach Bull Market Territory
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.
Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume
In another good sign for the housing market, today’s home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high.
More Housing Strength : Pending Home Sales Surged In October
After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
Case-Shiller Index: 17 Of 20 U.S. Housing Markets Slipped In September
Standard & Poor’s released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.
New Home Supplies Fall To An 18-Month Low
If you plan to buy of new construction in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be improving.
More Sales, Less Inventory : Home Prices Headed Higher?
The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide.
Housing Starts Rising; New Construction Turns The Corner?
Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October — a 4 percent increase from September and the highest reading in 3 months.