From RealTrends.com: With the Federal Reserve firmly in support the housing market continues to show signs of substantial improvement. The most widely followed measure of home prices, the S&P/Case-Shiller indexes, rose at its fastest rate since the summer of 2006 in January, data released Tuesday, March 26 showed.
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JPMorgan Sees Home Prices Up 14% through 2015
From RealTrends.com: Ben S. Bernanke’s efforts to revive housing are making real estate bulls even more bullish.
JPMorgan Raises Home Price Forecast, Sees Long Road to Recovery
From RealTrends.com: JPMorgan Chase expects home prices to rise 7% in 2013 as investors continue to take interest in nonperforming loans and distressed properties. The forecast for 2013 is more optimistic than initially expected.
Capital Economics Revises Home Price Forecast Upward
From RealTrends.com Strong demand and tight inventory have brought existing home sales back to “normal” levels, and further gains are possible, according to the latest market report from Capital Economics. Additionally, market conditions may prompt lenders to “loosen the purse strings slightly” and lend a little more freely.
LPS: Home Prices Could Skyrocket 35% without Affecting Affordability
From RealTrends.com: Home prices could rise 35% without stretching affordability, said Raj Dosaj, vice president of the behavioral library and home price index at LPS Applied Analytics.
Is Your Housing Market Booming, Rebounding, Humming, or Struggling?
From RealTrends.com: Trulia‘s Chief Economist discuss how price trends, combined with the measures of fundamental market health show which metros are booming, rebounding, humming, or struggling.
Housing to (Finally) Be Driver of Economic Growth in ’13
The bursting of the housing bubble plunged the economy into a recession from which it has yet to fully recover. But economists say this could finally be the year that housing lifts us out of the doldrums.
Mortgage Applications Continue Rising
From RealTrends.com: The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a rise of 7% in the group’s seasonally adjusted composite index, following a rise of 15.2% for the previous week.
Mortgage Rates Stay Flat Amid Contained Inflation
From RealTrends.com: Homebuyer affordability remains high as mortgage rates go largely unchanged this week
Housing a Sweet Spot for U.S. Economy as Recovery Expands
From RealTrends.com: U.S. home sales and prices are poised to rise in 2013, solidifying a recovery that began last year after a half-decade slump that was the deepest since the Great Depression, according to analysts and economists surveyed by Bloomberg. Record-low mortgage rates and attractive prices, supported by declining unemployment, are luring buyers as the inventory of distressed homes shrinks. Homebuilders are responding by adding supply, bolstering economic growth.