Articles Tagged with ''Real estate pricing''

House Prices Gain 3% in June: Radar Logic

House prices spread over 25 metropolitan statistical areas (MSAs) rose 3% in June, according to the monthly index compiled by Radar Logic. Prices rose in 23 of the 25 metropolitan areas tracked for the index. The Boston MSA experienced the largest monthly gain of 6.5%, followed by Denver at 5.1%. Only the Seattle and Milwaukee MSAs experienced a decline since May, slipping 1.6% and 0.2% respectively.
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San Fran House Prices Gain 28.6% Since January

The median sale price of a single-family home in San Francisco rose 3.3% from May to June, marking the third consecutive month of median price gains and bringing the six-month appreciation from January to June to 28.6%. Despite the gain in prices, the area remains depressed in terms of overall sales, according to a report conducted by the San Francisco Association of Realtors and the Rosen Consulting Group. The report found that stringent lending requirements and increasing unemployment have dampened sales activity.
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Radar Logic: Don't Call It a Housing Comeback ... Yet

By June, Radar Logic's RPX Monthly Housing Market Report showed three months of stability in the composite home prices and CEO Michael Feder was ready to call a recovery. Other market observers chimed in, pointing toward a narrowing of declines in home sales and median sales prices across the US. Phrases forming on everyone's tongue became "housing bottom" and "recovery in sight," with several financial institutions going so far as to tell shareholders the recession itself is at an end.
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Home Prices Fall 19% Toward a 2010 Bottom

Single-family home prices dropped 19% over the 12-month period ending in March 2009, but the bottom is in sight, according to an analysis of home price trends by Fiserv [stock FISV][/stock]. Researchers studied more than 375 US markets based on the Fiserv Case-Shiller Home Price Index and data from the Federal Housing Finance Agency (FHFA).
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Higher-End Housing Moves Buyers in SoCal, Bay Area

Improvements in mortgage availability and the belief that prices have hit rock bottom has buyers moving in the Southern California and the San Diego Bay area, according to La Jolla-based data analyzer MDA DataQuick. In So Cal, buyers are responding to price cuts on mid- to high-end homes and the availability of credit for pricier homes. There were a 23,262 total new and existing homes and condo sales completed in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties in June, up 12% from May.
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Low Prices, Rates Spur California Home Sales

After a two-year downturn, California home sales have increased 27% through the end of 2008 and beginning of 2009, spurred by low home prices, mortgage rates and a belief that rates will increase in the near future, according to a survey by the California Association of Realtors (CAR). Lower home prices encouraged 68% of the survey’s respondents, while 39% said low interest rates put them in the market for a new home. An additional 23% named the belief that mortgage rates will increase in the near future as a motivating factor in their decision to buy a home.
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Phoenix Housing Market Finally Feels Uptick

Home purchases in Phoenix neighborhoods lifted in May, raising the month-to-month median sales price for the first time since 2007. According to a report from MDA DataQuick, a San Diego-based firm that tracks real estate data across the nation, 9,562 homes sold in the two counties incorporating the Phoenix metropolitan area, Maricopa and Pinal. It’s a 6.1% increase from April and a 26% growth from last year. May was the fifth consecutive month for year-to-year growth, an increase in sales for the same month a year ago.
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Rate of Homes Sold Rises 2.4% in May

Sales of existing homes, including single-family, town homes, condos and co-ops, rose 2.4% in May to a seasonally adjusted annual rate of 4.77m units as the revised Home Valuation Code of Conduct took effect, altering the way homes are valuated. The sales rate is still 3.6% below the year-ago pace of 4.95m seen in May 2008, according to a monthly report released today by the National Association of Realtors (NAR).
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In SoCal, a Pulse for Higher-End Homes

Thump, thump. Thump, thump. Listen closely, and you just might hear a faint heartbeat in the jumbo mortgage market in Southern California, almost two years after the market for higher-end homes lost its pulse amid the implosion of the non-conforming mortgage market.
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IAS Sees 'Normalization' in House Prices

US home prices remain down 13% year-over-year as of April, but the pace of decline in prices seems to have leveled off, according to IAS360 data released Tuesday morning. “It’s too soon to call this a turn in the housing market, particularly given all the political and regulatory uncertainties,” said Dave McCarthy, president and CEO of Integrated Asset Services. “I think that we’re still in for some difficult spells ahead, but we are seeing a certain kind of pricing equilibrium in several important markets. That’s encouraging for the long term.”
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