Archive for July, 2013

Making progress, in our uniquely wacky way

Wednesday, July 31st, 2013

Fun week! New data were soft, but not enough by miles to break Fed-fear, so interest rates stayed put. The entertainment lay in the politics of U.S. economic and financial governance, making progress in our uniquely wacky way. June sales of existing homes fell 1.2 percent, dismissed as a quirk by those who believe housing…Read More »

1 in 3 buyers would bid above asking price

Monday, July 29th, 2013

    One in 3 buyers are willing to bid higher than a home’s asking price, according to a survey conducted by Trulia in partnership with Harris Interactive. That was just one of several other findings of the survey that appear to show that homebuyers are feeling the squeeze of market conditions that are significantly…Read More »

‘Missing households’ represent big source of pent-up demand

Wednesday, July 24th, 2013

Household formation, especially among young adults between 18 and 34 years old, lags far behind historical norms but will bounce back slowly in the years ahead, according to a recent analysis by Trulia Chief Economist Jed Kolko. Before the housing bust, an average of 1.1 million households — defined as one or more people who live…Read More »

Existing-home sales slip in June

Monday, July 22nd, 2013

. Existing-home sales slipped in June, but ample pent-up demand and favorable buying conditions should keep the housing market from stumbling in the face of a recent surge in interest rates, the National Association of Realtors (NAR) said today. “Affordability conditions remain favorable in most of the country, and we’re still dealing with a large pent-up…Read More »

Will 2015 be the year ‘normal’ returns?

Friday, July 19th, 2013

  As the housing industry makes a slow climb back to pre-boom character, household formation trends, rising home values and low interest rates make 2015 a candidate for the year “normal” will happen, according to Patrick Stone, president and CEO of the title and real estate services firm Williston Financial Group. In the boom period…Read More »

Inventory shortages ease

Tuesday, July 16th, 2013

Inventory shortages that constrained home sales this spring are beginning to ease, with the number of homes listed for sale trending upwards in June, according to data, The Wall Street Journal reports. The total number of listings rose by 4.3 percent from May to June, to 1.9 million homes. While that’s down by 7.3…Read More »

Selling your home? The cards are in your favor

Saturday, July 13th, 2013

Catch buyers’ attention, and get multiple offers, by pricing your home in line with comparable sales. NEW YORK (Money Magazine) Six years after prices collapsed, housing has begun to climb out of its hole. So what are the best moves to make now? In a three-part series, we offer smart strategies for buyers , sellers,…Read More »

Distressed properties: still bountiful and ripe for the pickin’

Friday, July 12th, 2013

SAN FRANCISCO — A dwindling supply of foreclosures may be prompting some brokers and agents to turn away from distressed properties. But real estate pros shouldn’t pivot too abruptly, according to a panel of experts who discussed the future of the distressed inventory at Real Estate Connect. The supply of distressed loans and foreclosures will remain…Read More »

Rising mortgage rates could push up housing demand

Wednesday, July 10th, 2013

In the wake of a month where consumers’ confidence in home prices remained strong even as mortgage rates leaped, more Americans may rush to buy in order to capitalize on still favorable market conditions, Fannie Mae’s chief economist said about the results of Fannie Mae’s June 2013 National Housing Survey. “The spike in mortgage rate expectations this…Read More »

Nobody knows how healthy housing really is

Saturday, July 6th, 2013

  Today’s sleepy, semiholiday dawn was interrupted by news of a surge in new jobs, up 195,000 in June plus 70,000 in upward revisions of prior months. Every bond big shot is at the beach, heard the news through hangover fog, and then barked or texted “sell,” and went back to sleep. The 10-year T-note…Read More »