Case-Shiller Home Price Indices Post Highest Growth Rates Since 2006

May 01

Case-Shiller Home Price Indices Post Highest Growth Rates Since 2006

May 1, 2013 By Jessica Wilkie Leave a Comment

Case-Shiller Posts Highest Gains Since 2006

Housing markets continue to improve according to the S&P Case Shiller Home Price Indices released April 30 for February's data. The Indices consist of a 10-City Composite Index and a 20-City Composite Index with housing markets for each city reported based on a three-month rolling average of home prices. Case Shiller Posts Highest Growth Rates Since 2006 The data released yesterday comprised the Indices' highest growth rates since May 2006. For the 12 months between February 2012 … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Case-Shiller, Home Appreciation, Housing Prices, January, Real estate pricing, S&P/Case-Shiller Home Price Indices

Nov 30

Pending Home Sales Index Leaps To Multi-Year High

November 30, 2012 By Claire Welsh Leave a Comment

Homes were sold at a furious pace last month. According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's revised figure and the highest reading April 2010 -- the last month of that year's federal home buyer tax credit. October also marks the 18th consecutive month during which the index showed year-to-year gains. As a housing … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: NAR, National Association of Realtors, October 2011, Pending Home Sales Index, PHSI, Real estate economics, Real estate pricing

Nov 09

Questions First-Time Home Buyers Should Ask

November 9, 2012 By Claire Welsh Leave a Comment

Nationwide, mortgage rates are low in District of Columbia and home prices remain relatively low, too. This combination, plus rising rents, is pushing renters in some cities -- including DC -- toward first-time homeownership. Buying your first home can be exciting, but you should also do your research to make sure that you ask the proper questions of the process, and make the best choices for yourself and your household. For example, recommended questions for first-time buyers to ask home … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Ask price, Distressed Properties, First-time buyer, First-Time Home Buyer, Home Values, Mortgage loan, Property, real estate, Real estate broker, Real estate pricing, School district

Oct 31

19 of 20 Case-Shiller Index Markets Improve In August

October 31, 2012 By Claire Welsh Leave a Comment

Home value rose to close out the summer, according to the S&P/Case-Shiller Index, a national home-valuation tracker. Nationwide, values rose 0.9% between July and August 2012 with 19 of 20 tracked markets showing improvement. Only one tracked city -- Seattle, Washington -- showed a decrease, falling just 0.1 percent. On an annual basis, 17 of the 20 Case-Shiller Index markets improved, led by Phoenix. Home values in the Arizona city are up 18.8 percent from August 2011. The next … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Case-Shiller Index, Home Values, Phoenix, real estate, Real estate pricing, United States, washington dc

Oct 26

New Home Supply Remains Firmly In “Seller’s Market” Territory

October 26, 2012 By Justin Paulhamus Leave a Comment

The U.S. housing market appears headed for a strong close to 2012. According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis. Not since the expiration of the $8,000 federal home buyer tax credit in April 2010 have new homes sold at such volumes. September's tally marks a 5.7 percent increase from the month prior, and a 27 percent increase from September 2011. There are now just 145,000 new homes … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Buyer, homes for sale, Mortgage loan, mortgage rates, New Home Sales, New Home Supply, Real estate pricing, Supply and demand, U.S. Housing Market, United States Census Bureau

Oct 24

Home Supplies Drop To Multi-Year Low

October 24, 2012 By Joshua Oliver Leave a Comment

As the third quarter closed, home resales showed considerable momentum nationwide. The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago. An "existing home" is a home that's been previously occupied; a resale. The reading marks the second-highest tally of the year -- second only to August 2012 when 4.83 million homes were sold on a … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, foreclosure, NAR, National Association of Realtors, real estate, Real estate pricing, Sales, September, U.S. Housing Market, washington dc

Oct 17

Home Builder Confidence Moves To 6-Year High

October 17, 2012 By Jessica Wilkie Leave a Comment

As home prices rise, so does home builder confidence. Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 -- a span of 77 months. The Housing Market Index is a homebuilder confidence indicator. When it reads 50 or better, the HMI suggests favorable conditions for home builders nationwide. Readings below 50 suggest unfavorable conditions for builders. The … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Buyer, HMI, Home Builders, Home construction, Housing Market Index, NAHB, National Association of Home Builders, Real estate pricing, September, U.S. Housing Market

Sep 25

Existing Home Sales Leap To 2-Year High

September 25, 2012 By Jessica Wilkie 1 Comment

The home resale market put forth another strong data set last week. Home sales prices are higher nationwide and sales volume has moved to a 2-year high. According to the National Association of REALTORS®, 4.82 million "existing homes" sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011. An existing home is a home which has been previously occupied. Home sales were unevenly … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: August, dc, District of Columbia, Existing Home Sales, Existing Housing Supply, First-time buyer, Mortgage loan, NAR, National Association of Realtors, Percentage, real estate, Real estate pricing, Sales, washington dc

Sep 06

Case-Shiller Index Shows Huge Home Price Gain

September 6, 2012 By Jessica Wilkie Leave a Comment

Home prices continue to rise nationwide. According to the Standard & Poor's Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker's 1987 inception and another signal that the housing market is in recovery. The private-sector metric's results are similar to what the government's Home Price Index showed for June, too -- values rising quickly. In addition, for the second straight month, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Case-Shiller Index, dc, District of Columbia, Home Price Index, Home Values, National Association of Realtors, real estate, Real estate economics, Real estate pricing, Standard & Poor, washington dc

Aug 29

New Home Sales Reach Multi-Year High

August 29, 2012 By Jessica Wilkie Leave a Comment

The market for newly-built homes remains strong. As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis. A "new home" is a home that can be considered new construction. July's New Home Sales report highlights what today's buyers of new construction and the nation's home builders have witnessed for themselves already -- that the market for newly-built homes is improving in DC and nationwide. The number of new homes … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Builder Confidence, July, National Association of Home Builders, National Association of Realtors, New Home Sales, New Home Supply, Real estate economics, Real estate pricing, United States, United States Department of Commerce