The new home sales numbers look like the profile of a double black diamond ski run, with moguls at the bottom of the hill.  Good news is that we have finally run out hill, so to speak, and are just now starting to head up… Read more

Realtor.com, which has more than 4.2 million active residential listings, each month tallies the top 10 metros for the largest increase in median listing price.  Changes in asking prices are typically correlated with changing market conditions, and once again these indicate a recovering housing market…. Read more

As I had written earlier this year, the U.S. housing market is finally turning the corner—and that is amplified in the release of April existing housing sales and prices from the National Association of Realtors®.  [As always, I invoke the “There Is No Such Thing… Read more

There are positive signs spanning the spectrum indicating a turning real estate market despite some weak spots across the country.  Just a few days ago,  USA Today reported that the number of existing homes for sales had dropped 22 percent from a year ago and… Read more

The big story for March 2012 existing homes sales was the significant decline in the inventory of homes available for sale (where the months inventory contrasts the current supply, on a seasonally-adjusted basis, to the sales rate).  Months inventory in March 2012 was 6.7 months… Read more

MarketWatch reports on the list of best opportunities for real estate investors in housing focusing on those areas with renewed job growth, shrinking inventories and those in which demand has yet to pickup to a level significantly driving up prices. Many of these more desirable… Read more

The National Association of Realtors® reported February 2012 homes sales of 4.59 million on a seasonally-adjusted annualized rate—a gain of 8.8 percent when compared to February 2011.  That’s really good news for the housing market since home prices typically follow the trajectory of sales numbers,… Read more

Yesterday the Case-Shiller Index (owned by Standard and Poors), reported that U.S. home prices declined once again, now down from the peak on a national average 33.9 percent based on  the 20-city composite index. Once again I invoke the TINSTAANREM clause—There Is No Such Thing… Read more

The National Association of Home Builders surveyed their membership on what features will likely not be included in 2012 construction as much as in the past.  Builders were asked to rate these amenities from 1 to 5 with 5 being more likely to be included. … Read more

There are very few globally-recognized locations as small as Aspen, Colorado (the entire County in which Aspen is located, Pitkin County, had a population of 17,148 in 2010 according to the U.S. Census Bureau).  In the 1970s and early 1980s I did numerous appraisal assignments… Read more