New Home Sales Begin to Flourish as Distressed Inventory Declines

The available supply of foreclosures and short sales previously stunted the recovery for new home sales, according to CoreLogic’s May MarketPulse report. Though, now that the supply of distressed homes and existing-homes for sale has fallen, there’s more room for the new home sales market to expand. Citing data from the Census Bureau, CoreLogic reported new home sales have increased 19 percent from a year ago in March. Most new home sales are also concentrated in hard-hit suburban metro areas, which bring an economic stimulus to areas devastated by the housing recession. >» Read More

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Tom Scaglione, ePRO, SFR, REALTOR
Future Home Realty, Inc.
Tom@RealEstateTom.com

Home prices near new highs in some markets

Forget the housing bubble: Home prices have hit all-time highs in 10% of U.S. cities, though most are outside Fla. where prices rose only modestly during boom. Read more.

Via: USA Today

Survey: More Consumers Say Now Is a Good Time to Sell

In Fannie Mae’s most recent housing survey, consumers maintained their optimism toward home prices, while the share of consumers who said now is a good time to sell reached a record high. However, consumers in the survey were less optimistic about the economy and their own financial situation. Nearly half, or 48 percent, of respondents in the February survey said they expect home prices to rise in the next 12 months. At the same time, 25 percent also believe now is a good time to sell, the highest level since the survey’s June 2010 inception. » Read More <<< Click Here…

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Tom Scaglione, ePRO, SFR, REALTOR
Future Home Realty
Tom@RealEstateTom.com
Cell: 813-310-8200

Report: Why High-Priced Homes Are Leaders in the Recovery

Historically, higher-priced homes are a leading indicator of the real estate market and tend to lead the market during times of recovery, according to the Home Value Forecast (HVF) report jointly released by Pro Teck Valuation Services and Collateral Analytics. The companies assessed price changes in the Bay Area and around Los Angeles and found the high-end markets showed stronger price growth compared to lower-priced areas. The HVF report also included a list of the 10 best and worst performing metros for February based on factors such as sales/listing activity and prices, months of remaining inventory (MRI), days on market (DOM), sold-to-list price ratio, and foreclosure and REO activity. » Read More

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Tom Scaglione, ePRO, SFR, REALTOR
Future Home Realty
Tom@RealEstateTom.com
813-310-8200

Home Values See Largest Annual Gain Since 2006

U.S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow’s latest Home Value Index (HVI). The 5.9 percent appreciation rate is the largest annual gain since August 2006, near the peak of the housing bubble. As home values rose throughout 2012′s fourth quarter, foreclosure activity declined, with 5.22 out of every 10,000 homes nationwide facing foreclosure in December. » Read More

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Tom Scaglione, ePRO, SFR, REALTOR Future Home Realty Tom@RealEstateTom.com 813-310-8200

Consumer Website

CoreLogic: 100K Homeowners Rose Above Negative Equity in Q3

As home prices increase, more borrowers are rising out of negative equity. Recent data from CoreLogic revealed about 100,000 borrowers moved out of negative equity during the third quarter of 2012, bringing the total number of homeowners who transitioned from negative to positive territory in 2012 to 1.4 million so far. » Read More

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Tom Scaglione, ePRO, SFR, REALTOR
Future Home Realty
Tom@RealEstateTom.com
813-310-8200

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