The previous couple years’ doom and gloom outlook is looking like it is turning more upbeat and robust for the rest of 2013.
Metro Area Home Values Continue To Shine
19 of 20 metro areas showed higher home prices in Q 4 2012 with the New York metro area showing a decrease in home prices; this could be due in part to the impact of Hurricane Sandy.
Existing Home Sales Rise As Home Inventory Shrinks
Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January.
Builder Confidence In New Home Sales Stay Near All Time High
February’s Housing Market Index reading remains near the HMI’s highest level since April 2006, when the HMI reading reached 51.
Over 70% Of US Metro Market Housing Markets Improve In February
The National Association of Homebuilders recently released its Improving Markets Index for the month of February.
Case-Shiller Index Shows Near 6% Home Price Gain
Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010.
Pending Home Sales Post 20th Consecutive Month Of Annual Gains
The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.
Existing Homes For Sale At Lowest Point In 11 Years
Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.
Homebuilder Confidence Nearly Triples In 2 Years
The National Association of Homebuilders (NAHB) Housing Market Index ended its 8-month winning streak this month.
Housing Starts, Building Permits Rising Into 2013
Rising permits and housing starts suggests a more healthy U.S. economy.