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Latest Updates

NAR: Sales of existing homes post strong gains Purchases up 4.9 percent from April to May

by paulphangureh June 23, 2014 Latest News

Existing-home sales posted strong gains in May as increasing inventory continued to temper price growth and the market showed signs of bouncing back from a lackluster first quarter, the National Association of Realtors reported today.

Existing-home sales were up 4.9 percent from April to May, to a seasonally …

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Home builders close to saying it’s a good housing market

by paulphangureh June 19, 2014 Latest News

An index measuring home builders’ confidence in the housing market jumped four points in June to 49 — one point shy of what’s considered to be a good market.

The National Association of Home Builders/Wells Fargo Housing Market Indexis based on a monthly survey of NAHB members. …

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Real Estate Trends: Technology is Just a Means of Delivering Better Value and Service for the Consumer

by paulphangureh June 12, 2014 Latest News

Glenn Kelman is the keynote speaker at Inman’s annual conference, Real Estate Connect in San Francisco. Inman News asked Kelman his thoughts on what’s changing in our economy and what he sees as the key real estate trends that are most important to consumers. From the new competitive …

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REO Inventory Rising Once Again

by paulphangureh June 12, 2014 Latest News

Recent Improvement in the Stock of REO Properties Fades in 2014

|    Housing Trends

After reaching a trough in August of 2013 of 375,000 properties, the number of real estate owned (REO) properties increased 15 percent to 430,000 as of March 2014 (Figure 1). The increase in REO …

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Pending home sales up for first time in nine months

by paulphangureh April 29, 2014 Real Estate Articles

Good news on housing — pending sales of existing homes rose in March for the first time in nine months.

The National Association of Realtors’ indexof pending home sales, which is based on contract signings, rose 3.4 points to 97.4 in March. That’s still nearly 8 points …

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NaVorro Bowman Buys $3.1 Million Home in San Jose

by paulphangureh January 31, 2014 Real Estate Articles

The San Francisco 49ers won’t open the gates to their new stadium until the 2014 season, but at least one of their Pro Bowl players is getting a head start on the move.

All-Pro linebacker NaVorro Bowman has picked up a fancy new spread in the …

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REALTORS® Expect Prices to Increase Modestly in Next 12 Months

by paulphangureh January 15, 2014 Latest News

REALTORS® generally expect modest price increases in the next 12 months with demand easing and more inventory coming into the market. The median expected price increase is 3.7 percent [1].

Some REALTORS® saw the forecasted slowdown as a welcome brake to the rapid home price growth …

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Fed: By End of 2014, Stimulus Will Be Over

by paulphangureh December 19, 2013 Real Estate Articles

DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 19, 2013
The Federal Reserve announced on Wednesday that it would begin gradually winding down its bond-buying stimulus program next month.

The Fed has been purchasing $85 billion per month in Treasury and mortgage-backed securities. In January, it will …

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New-Home Construction Hits Fastest Pace in 5 Years

by paulphangureh December 19, 2013 Latest News

DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 19, 2013
Homebuilders are ramping up new-home construction at the fastest pace in more than five years, the Commerce Department reported Wednesday.

Construction of single-family homes and apartments in November rose to a seasonally adjusted annual rate of 1.09 …

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Repeat homebuyers to dominate 2014 market Three out of five housing indicators show signs of improvement

by paulphangureh December 11, 2013 Real Estate Articles

While 2013 was the year of the investor, 2014 is expected to usher in several pivotal shifts in the housing market, including the dominance of the repeat homebuyer, Jed Kolko, chief economist with Trulia (TRLA) said in his latest housing predictions for 2014.

“As prices rise, …

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