From RealTrends.com: A sharply positive turn in U.S. household formation has caused a rising demand for all types of housing over the last two years, including multifamily and single-family rental and ownership, according to data from a number of analysts.
Marion Skubi
June 2013
June 2013 Sales YTD Avg List Price Avg Sale Price 2012 Sales Value of the Month Las Campanas 12 915,083 892,150 26 Northwest County 42 718,397 693,043 46 Northeast City 82 674,250 631,059 75 Tesuque 11 841,663 767,672 20 Santa Fe City 488 394,198 376,361 455 Santa Fe County (includes city) 708 424,478 406,041 707 … Read more
Forty-Three Million U.S. Households Burdened by Excessive Housing Costs
From RealTrends.com: More than 43 million U.S. households pay excessive shares of income for housing according to The State of the Nation’s Housing 2013, released last week by Harvard University’s Center for Housing Studies. Thirty-seven percent of all U.S. households are overburdened by housing costs, paying out monthly more than 30 percent of income, the housing affordability benchmark, just to keep a roof over their heads.
Pending Home Sales Reach Highest Level Since 2006
From RealTrends.com: Pending home sales soared in May, reaching their highest level in seven years, the National Association of Realtors® reports.
Census Bureau: New Home Sales Ascend
From RealTrends.com: New home sales ascended in April, rising to 454,000 homes sold. New single-family home sales inched up 2.3% in April, above the revised March rate of 444,000. April sales are up a dramatic 20% from the year-ago estimate of 352,000, according to data from the Census Bureau and the Department of Housing and Urban DevelopmentAnalysts … Read more
March Home Prices Show Biggest Gain in 7 Years, CoreLogic Says
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006. CoreLogic, a real estate data provider, said that annual home prices have now increased for 13 straight months. Prices are rising in part because more buyers are bidding on a limited supply of homes for sale
Moody’s: Home Prices to Increase, Loss Severities to Remain High
From RealTrends.com: Home prices will increase over the next three years as the economy expands and servicers work through their distressed inventories, according to a report from Moody’s Analytics.
Homebuyers Make Made Dash Before Prices Rise More
From RealTrends.com: It’s a race against the clock for homebuyers. In its latest home price tracker, Redfin reported a 15% increase in home prices year-over-year in March across 19 major U.S. markets.
Consumers’ Positive Housing Attitudes Withstand Fiscal Concerns
From RealTrends.com: WASHINGTON, DC – Consumer confidence in the housing recovery remains firm in the face of budget sequestration and other fiscal policy concerns, according to Fannie Mae’s March 2013 National Housing Survey results. Although more Americans indicate greater pessimism regarding their personal finances and the economy, they continue to demonstrate optimism across key housing market measures. The share of consumers who believe home prices will go up in the next year held steady at 48 percent, the all-time survey high. Also reaching a survey high, 26 percent of respondents believe now is a good time to sell a home – nearly twice the share compared to the same time last year.
March 2013
March 2013 Sales YTD Avg List Price Avg Sale Price 2012 Sales Value of the Month Las Campanas 7 937,429 915,651 9 Northwest County 14 656,143 630,429 14 Northeast City 33 687,788 645,313 34 Tesuque 7 818,614, 763,914 12 Santa Fe City 211 352,935 336,703 201 Santa Fe County (includes city) 337 390,482 374,133 332 Go … Read more