Items Tagged with 'Home Price'

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Case-Shiller reaction: What to make of record high home prices

Zillow, Quicken Loans, First American and others weigh in
The latest S&P CoreLogic Case-Shiller Indices showed that home prices hit a 31-month high in January, but will those record prices be a speed bump or a brick wall for home buying moving forward? Opinions appear to be a bit mixed in that regard, with some analysts viewing January’s data as a significant drawback for certain segments of the home-buying market, while others say the rising prices aren’t a concern, yet.
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Value of housing market hits 10-year high

Equity rises above mortgage debt
The value of the housing market reached its highest point in 10 years and surpassed the pre-crisis peak. This increase was fueled by rising home prices as home equity reached an all new high of $14 trillion.
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New home sales surge, beat expectations in February

Median home prices fall
New home sales surged in February, beating out expectations. However, even as home sales rose and inventory tightened, the median home price fell for the second consecutive month. In fact, new homes aren’t the only sales to see a relief in rising homes prices.
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Existing home sales come down off 10-year high

January still shows annual increase
Existing home sales slipped down off last month’s decade-high, but remained above last year’s levels. But considering January’s drop in pending home sales to the lowest level in a year, this decrease comes as no surprise.
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HOA fees rose the most in these top metros

One city saw increase of more than 75%
One of the few things that may be increasing faster than home prices is homeowner association fees, which increased at double the rate of the median home price from 2005 to 2015. In some of the most expensive markets, HOA fees can total over $500 per month, and take up more than 40% of monthly housing costs. Trulia’s new study shows markets that saw the highest increase.
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Are you overestimating your home value?

That might depend on where you live
Many homeowners are overestimating the value of their home, with their estimates coming in above appraised values. And that gap grew even wider in February. However, this is much less true for homeowners on the west coast, where home prices are rising faster than homeowners can keep up with.
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