Tag Archives: increase in home values

Strong Equity Gains are Giving Homeowners More Options

Residential homes in the United States have experienced strong equity gains in the last three years, and a recent survey indicates that they expect the equity gains to continue in 2016.  In a new survey conducted by loanDepot released Monday, 60 percent of respondents said their homes have gained equity in since 2013 as the housing […]

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Pending Home Sales Rise to Highest Level in Nine Years

The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady gains in contract activity […]

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3 reasons right now is the best time to buy a home.

  The advantage is on the buyer side!!! There has never been a better time to buy a home this year.  And yet despite three major advantages for homebuyers, sales so far have been slow. Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending […]

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Consumers Offer Mixed Opinions on Housing Market’s Future

Housing optimism for the year ahead diminished somewhat in March, though signs largely point to a positive spring season. Fannie Mae released Monday its most recent National Housing Survey, revealing a slight softening in the housing recovery as monthly indicators remain volatile. According to results from the March survey, fewer than half of consumers polled expect home […]

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February Gains Point to Seller Optimism

Realtor.com released its February Monthly Housing Trend Report, which showed an increase in listing prices as well as an increase of housing inventory. The increase in both list price as well as inventory points to a “strong early beginning to this spring’s home buying season,” the report said. Nationally, median listing price increased to $199,000, […]

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Still a Seller’s Market? Not for Long!!!!

According to Michael Orr of Arizona State University WP Carey School of Business, at an ARMLS “Engage” Conference held yesterday in Phoenix, we will reach a balanced market in exactly 9 days.  By balanced market he means neither a Buyer’s nor Seller’s market.  As a statistician who tracks daily sails trends, he has noted the […]

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Is the Phoenix Housing Finally Back to Normal?

According to Arizona State University, the Metro Phoenix Housing Market finally has the appearance of being more “normal”, with rising home prices, waning investor involvement & dwindling foreclosures & distressed properties across the Valley. After many months of chronic shortage of available inventory, it is even looking like a more balanced market as well, with […]

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Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

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When looking at price increases, location matters!!!

http://www.dsnews.com/articles/amid-regional-gains-metros-present-wide-range-of-price-shifts-2013-06-04 While a wide range of price increases occurred across the nation, the rate of recovery has been mixed over most metropolitan areas.  When looking at the validity of the recovery, performances at the local levels were mixed when considering strength, sustainability and their relative positions as compared with 2006 prices.  It is noted that […]

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The Future’s So Bright You Gotta Wear Shades

http://www.dsnews.com/articles/nar-speculates-on-future-of-housing-at-expo-2013-05-17 The National Association of Realtors, at their annual Midyear Meeting in Washington DC this week, said they expect existing home sales to increase to nearly 5 million this year and then grow to an annual rate of 5.3 million in 2014 & 5.7 million in 2015.  Dramatic price increases are also expected to continue […]

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