The inventory of existing homes for sale fell 4.9 percent to 1.74 million, the lowest level since December 1999. Check the whole story here.
Also, the trustee sales (bank's foreclosure) is roughly half of last in January. The distressed inventory is coming down fast.
Tuesday, February 26, 2013
Wednesday, February 6, 2013
CoreLogic: Prices End 2012 with Biggest Annual Gain in Six Years
Please see the article here.
“We are heading into 2013 with home prices on the rebound,” said Anand Nallathambi, president and CEO of CoreLogic. “The upward trend in home prices in 2012 was broad based with 46 of 50 states registering gains for the year. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery.”
The index also revealed all but four states saw prices improve on a yearly basis. The four states were Delaware (-3.4 percent), Illinois (-2.7 percent), New Jersey (-0.9 percent) and Pennsylvania (-0.5 percent).
Over a one-year period, Arizona experienced the biggest increase in prices—20.2 percent. The remaining states in the top five also saw double-digit gains: Nevada (+15.3 percent), Idaho (+14.6 percent), California (+12.6 percent), and Hawaii (+12.5 percent).
(Note: Bay area in Northern CA has gains more than 20%)
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