Tagged : housing inventory

Found 8 blog entries tagged as "housing inventory".

menhouse_sellingpix_450money.cnn.com - The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that's good news. "For a sustainable recovery you want to see more balance between buyers and sellers," says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.

Inventory is already improving. Nationwide, the number of homes for sale in September rose 1.8% vs. a year earlier, according to the National Association of Realtors. That's the first increase since late 2011. In Los Angeles, Atlanta, and Orlando, inventory was 10% or higher than a year earlier. To read more of this article, click the link…
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housegreenkeys__anthonycz_450realtor.com - The U.S. housing market is in a completely different position than this time last year, with solid price increases, steady inventory and strong demand continuing well into the fall season, according to realtor.com’s National Housing Trend Report for October 2013.

Median U.S. home prices in October were relatively unaffected by the usual seasonal patterns, with a 7.57 percent increase year over year. National inventory is stabilizing after the dramatic declines seen earlier this year, although the nation still is experiencing significant supply shortages. Most notably, median age of inventory – a leading indicator of demand – is down 11.32 percent from last year, demonstrating resilience to seasonal changes and stabilized inventory.

To

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goldhouse_buchachon_450money.cnn.com - The number of available houses in the hottest markets has dropped dramatically over the past year, says the National Association of Realtors: In the Boston area, for one, inventory levels are down 29% vs. 2012. And Denver, Seattle, and San Francisco aren't far behind.

"Some homes are flying off the market in a matter of days," says Paul Bishop, VP of research for NAR.

Shopping in a popular spot? You'll have to go beyond the usual sellers' market tactics, such as getting prequalified for a mortgage. These strategies will help you find homes first, stopping a bidding war before it starts.

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Photo:  ©[buchanon]/123RF.COM

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bozeman_city_of_bozeman_468For her contributions to the following transcript of a conversation this week, I need to thank Bonnie Martin, broker/owner of Heart of Montana Realty in downtown Bozeman, for giving us her honest best during this interview—no questions unanswered, full candor, no retractions. 

TBM: We’ve heard a few rumors… but why don’t you paint a clear picture of Bozeman’s real estate market right now?

Bonnie: In the downtown area, it’s still very similar to 2006. A lot of people have discovered Bozeman as an ideal place to live. It’s the feel of that—the beauty, the college, great schools, mountains, and the walking distance, the simple lifestyle.

But what about the real estate market? I’m hearing it’s crazy-silly out there.

Bonnie: Bozeman has always been

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The home buying season shifted into high gear last month as inventory and home list prices on realtor.com® increased by 4.12 percent and 2.63 percent, month over month, respectively. As of April, homes are on the market nationwide approximately 81 days—a decrease of nearly 11 percent since April 2012—highlighting that while new homes are entering the market they are not available for long.

Despite the increase in inventory month over month, nationwide inventory declined year over year in all but 11 of the 146 markets realtor.com® monitors. Approximately 36 markets registered a decrease of listings by 20 percent or more, still highlighting near records lows of available homes.

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inman.com - Existing-home sales and prices posted strong year-over-year gains in February, while inventory remained tight but eased slightly, according to a monthly report released today by the National Association of Realtors (NAR).

Existing homes, which include single-family, townhomes, condominiums and co-ops, sold at a seasonally adjusted annual rate of 4.98 million during February, up 0.8 percent from January and 10.2 percent from a year ago. That's the fastest pace of sales since November 2009 when the first-time homebuyer tax credit boosted purchases.

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usatoday.com - Though housing inventory is down across the country, high-end homes are seeing a resurgence in many markets.

Part of the reason: Owners have decided to accept less than they originally wanted for their properties, Vice President Daren Blomquist of RealtyTrac said earlier this year.

And mortgage rates have been favorable: Last week the average rate on a 30-year loan dipped to the lowest since records were kept starting in 1971; jumbo loan rates also are following the trend.

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Shrinking inventory and shifts in sales composition have provided a foothold for housing prices to start climbing, according to Fiserv, Inc.

Single-family home prices increased in 151 out of 384 metro areas in the first quarter of the year compared to the same time in 2011. While average U.S. home prices fell by 1.9 percent on a year-over-year basis and are expected to fall another 1 percent in the next year, Fiserv Case-Shiller forecasts a 5 percent increase between the first quarters of 2013 and 2014.

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