Standard & Poors released its December 2011 Case-Shiller Index this week.
Pending Home Sales Rise To 22-Month High
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
New Home Supply Falls To 5.6 Months
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
Existing Home Sales Climb To A 20-Month Record
January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway.
Foreclosure Filings Down 19 Percent In One Year
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.
Housing Starts Stay Strong; Building Permits Rise.
The 2012 housing market started like 2011 ended — strong.
Homebuilder Confidence Returns To Pre-Recession Levels
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.
With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.
Case-Shiller Index Says Detroit And Washington DC Lead The Market
According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.
Supply Of New Homes At 6.1 Months Nationwide
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.