The National Association of REALTORS® estimates that home prices will increase in the U.S. around 2 percent on average in 2018, but some individual states are predicted to see more growth or in sames cases decreases. Here is an infographic highlighting some of the states where housing prices are expected to rise and fall the
Builder confidence in markets for new homes fell three points in February to a reading of 58. January's reading was revised upward to 61. Builders have repeatedly expressed concerns shortages of labor and lots for development, but continue to express confidence in future sales conditions.
In comparison to 2013, the 2014 Arizona real estate market experienced a fairly balanced market, meaning the number of homes that were available for sale and the number of buyers for those homes was approximately equal. The 2013 market favored sellers because there was a shortage of homes available for sale in comparison to buyer’s demand. Due to high
Both seasoned homeowners and first-time buyers know making the decision to purchase a new home is not one that is taken lightly.
Two major indicators of home price trends showed a slowing momentum for home prices in December.
According to the S&P/Case-Shiller 10 and 20-City Home Price Indices released Tuesday, the U.S. Housing Market is on a roll based on year-over-year increases in average home values, but month-to-month results were mixed.
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a 7 year high.
The Case-Shiller 10 and 20-City Home Price Indices for October were released on December 31. Although home prices in most cities continued to show year-over-year gains,, the pace of home price appreciation is expected to slow in 2014.
The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.
According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month's reading of 54.