Weekly market statistics;
Use them to learn more about your market, talk to your friends and neighbors about home prices, and educate each other about the market trends in the areas. No one knows the market is recovering unless you tell someone.
- Your Market Report for Single Family homes in the Las Vegas area is just a click away. Get the PDF here.
- Your Market Report for Condos in the Las Vegas area is just a click away. Get the PDF here.
- Your Market Report for Single Family homes in Henderson is just a click away. Get the PDF here.
- Your Market Report for Condos in Henderson is just a click away. Get the PDF here.
- Your Market Report for Single Family homes in North Las Vegas is just a click away. Get the PDF here.
- Your Market Report for Condos in the North Las Vegas area is just a click away Get the PDF here.
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market. (Less Christie, CNN Money 2012, May 3)
Renters More Optimistic About Buying
Renters More Optimistic About Buying
The home builder’s survey results showed that 60% of renters who say they want to buy a home in the future have increased their intent to buy compared to a year ago. And 61% of that group says they plan to purchase a home within the next two years. (Teresa Burney, 2012, May 1)
'Innately good' housing markets are turning
In widely scattered patches of exuberance, innately good housing markets are turning -- not bottoming, turning. Markets are turning in attractive places with scarce land, in-migration, and good economies (global, IT, government, health care). Looking back at their distress curves, the dead-drop in listings last year has resulted now in competing offers and modest increases in price. However, do not confuse these places with the rest. (By Lou Barnes Inman News®, 2012)
Top 10 markets for rising list prices
The spring homebuying season continues its brush with optimism with median list prices of homes for sale nationwide up 5.56 percent over the last year, according to Realtor.com data updated through March 2012. The jump to $189,900 brings the national median list price close to what it was two years ago. (By Inman News Inman News®, 2012), Data from Realtor.com's first-quarter real estate trend data report. The report analyzes data for 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops.
Mortgage rates a hair above record lows
Freddie Mac's weekly Primary Mortgage Market Survey showed 30-year fixed-rate mortgages averaging 3.88 percent with an average 0.7 point for the week ending April 26, down from 3.9 percent last week and 4.78 percent a year ago. Rates on 30-year fixed-rate mortgages hit an all-time low in records dating to 1971 of 3.87 percent during the first three weeks of February. (By Inman News Inman News®, 2012)
Pending home sales near 2-year high
Pending sales were up 10.8 percent from the same time a year ago on a non-seasonally adjusted basis.The index, which represents contracts signed but not yet closed, jumped a seasonally adjusted 4.1 percent from February to March, to 101.4. That's the highest index level since April 2010, when the deadline for a federal homebuyer tax credit program loomed. The index was 111.3 then.
(By Inman NewsInman News®, May 2012)
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