While home prices have grown steadily this spring, they remain low relative to the market’s peak in 2006. Through March, the Case-Shiller price index for the 20 major metro areas was up 10.9% as compared to the same period in 2012 and each of the 20 … [Read more...]
Foot Traffic: Del Rio Board of REALTORS® (Del Rio, TX)
Foot traffic can give a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Del Rio Board of REALTORS® (Del Rio, TX) has been consistently … [Read more...]
April Buyer Traffic—Up; Seller Traffic–Constant
Strong buyer demand for homes continued to outpace supply in April. The Buyer Traffic Index hit a high of 72, signifying increasing demand. However, the Seller Traffic Index, an indicator of supply conditions, was unchanged at 41. Source: April … [Read more...]
Price Recovery Strongest in Non-Judicial States
The price recovery continued to gain momentum in the 1st quarter of 2013. The strongest gains relative to the same time period in 2012 were concentrated in the sand states as well as the industrial Midwest, both of which were hit hard during the … [Read more...]
Foot Traffic: IRES Regional MLS (Boulder, CO)
Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic fell roughly 18% over the 12-month period ending in April in the area covered by the IRES … [Read more...]
Unless inventories grow, demand for housing will keep the pressure on prices
Did You Know: Inventories are declining at a slower pace, but unless inventories grow, demand for housing will keep the pressure on prices and the balance of the market in favor of sellers. Comparing the total number of homes available for sale in … [Read more...]
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