Tight inventory and multibidding have led to shorter days on the market. Based on information gathered from the December 2012 REALTORS® Confidence Index Survey, about 31 percent of REALTORS® who sold a home reported that the property sold in less … [Read more...]
What the Case Shiller Report is Actually Telling Us
Case Shiller released their latest Home Price Index yesterday. The headlines that followed were true but, in our opinion, a little misleading. Here are some of the highlights of the report that have dominated major media coverage: Home prices rose … [Read more...]
Falling Homeownership Rate
The homeownership rate fell again in the third quarter of 2012. The latest 65.3 percent ownership rate (seasonally adjusted figures) is the lowest since 1996, when Bill Clinton was campaigning for his re-election. But there is good news in the data … [Read more...]
Fun Virginia demographics maps
Where are the sick? Where are the poor? Where have the people been moving? Where are the Whites, African-Americans, Hispanics, and Asians? Find out these and more at a cool site from the Weldon Cooper Center for Public Service at UVa. There’s a … [Read more...]
Gap in Buyer and Seller Traffic Index Persists
Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of … [Read more...]
Inventory: Only Challenge to the Real Estate Recovery
The real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery. However, … [Read more...]
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