March existing home sales, as reported by the National Association of Realtors® (NAR) , showed good improvement compared to March 2012, with sales on a seasonally-adjusted annualized rate (SAAR) up 10.3 percent to 4.92 million, while median price jumped 11.8 percent to $184,300. These are… Read more

Existing home sales statistics for February 2013 were just released by the National Association of Realtors® (NAR), and the housing recovery is now close enough to reach a normal level of sales activity within the next 12 months. Existing home sales, on a seasonally adjusted… Read more

If there was a list of places you would not want to live, Forbes just ranked the 10 most miserable (actually 20, but this is after all, a top 10 list). Criteria ranged from economic (unemployment, taxes) to quality of life issues (weather and commute… Read more

Still looking for a great bargain in a foreclosed home? Then look no further than the latest report from RealtyTrac, the leading online market place for foreclosed properties. RealtyTrac has more than 1.5 million default, auction and bank owned listings on their site. In compiling… Read more

The National Association of Realtors® release on December 2012 housing sales and related data again illuminates the path of recovery of U.S. housing markets. While many would focus on the improving home prices, the story once again is how few homes are currently available for… Read more

The story behind the November 2012 existing home sales data is that the number of months of inventory was less than five months – the lowest since the market peaked in September 2005. Real estate economists generally contend that six months of inventory of existing… Read more

November 2012 foreclosure filings (default notices) were off sequentially 3 percent from October and down a resounding 19 percent from November 2011 as reported by RealtryTrac, one of the premier providers for default and foreclosure data. During November 2012, one out of every 780 houses… Read more

Housing continues to make a comeback following the real estate depression of 2007 through 2011. Job growth (albeit tepid), rising rents and population growth are the trifecta to increased sales and prices. October 2012 saw a Seasonally-Adjusted Annualized Sales Rate (SAAR) of 4.79 million existing… Read more

RealtyTrac, a premier source of distressed real estate information, noted significant declines in foreclosures in many states—but particularly those in which foreclosures are non-judicial (no court intervention in the foreclosure process which follow state statutes). The full report is available here.        … Read more

Earlier today I wrote about how economic demand for real estate in some small towns was increasing. I stated “Economics 101 teaches us that price changes in assets, goods and services are a function of supply and demand. The economic demand (versus demographic demand) for… Read more