home prices - Articles

Expect Home Prices to Keep Rising, but Not So Fast

ShutterstockHouses may be getting more expensive, but interest rates remain historically low. By Christine DiGangi Home prices increased 12.2 percent from February 2013 to February 2014, marking the 24th consecutive month of year-over-year growth, according to the most recent CoreLogic Home Price Index Report. That... Continue Reading »

Home Prices Rise More Than Forecast in January

Justin Sullivan/Getty Images By Rodrigo Campos NEW YORK -- U.S. single-family home prices rose in January and slightly beat expectations, a closely watched survey said Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.8 percent in January on a seasonally adjusted basis. A Reuters poll of... Continue Reading »

Early Spring Thaw in Homes for Sale? Listings Up 10%

AP Brutal winter storms in much of the country didn't stop home sellers from being optimistic about the housing market, with 10 percent more properties for sale nationwide in February compared to a year ago, according to data released today by realtor.com. The median list price increased 7.6 percent to $199,000 during... Continue Reading »

Home Prices Rise at Solid Pace in January

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather. Real estate data provider CoreLogic (CLGX) says prices rose 0.9 percent in January after slipping 0.1... Continue Reading »

U.S. Home Prices Fall Amid Brutal Winter Cold

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales. The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the... Continue Reading »

Home Prices Cool in December as Sales Slip

Daniel Acker/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices slipped from November to December, and the year-over-year increase slowed, likely a result of weaker sales at the end of last year. Real estate data provider CoreLogic said Tuesday that prices slipped 0.1 percent in December.... Continue Reading »

Chilly Weather Pulls Home Prices Down in November

Gene J. Puskar/AP By JOSH BOAK WASHINGTON -- U.S. home prices fell slightly in November as colder weather slowed buying, ending nine straight months of price gains. The Standard & Poor's/Case-Shiller 20-city home price index slipped 0.1 percent from October to November, partly reversing the previous monthly increase... Continue Reading »

October's Home Prices Show Fastest Rise Since 2006

Matt York/The Associated Press By Josh Boak WASHINGTON -- U.S. home prices rose in October from the previous year at the fastest pace in almost eight years. But price gains slowed in most U.S. cities from September to October, suggesting the increases are leveling off. The Standard & Poor's/Case-Shiller 20-city home... Continue Reading »

Home Prices Surge in September as Pace of Gains Slows

LM Otero/AP By Rodrigo Campos NEW YORK -- U.S. single-family home prices rose in September and posted their strongest annualized gain in 7½ years, a closely watched survey said Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.7 percent in September on a non-seasonally adjusted... Continue Reading »

Home Prices Rise at Slower Pace in September

Justin Sullivan/Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- A measure of U.S. home prices rose only slightly in September from August, a sign that prices are leveling off after big gains earlier this year. Real estate provider CoreLogic said Tuesday that home prices increased 0.2 percent in September from the... Continue Reading »

Homebuyer Contracts Plunge as Interest Rates and House Prices Rise

AFP, Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly. The National Association of Realtors said... Continue Reading »

Fewer U.S. Homes Entered Foreclosure Track in 3Q

John Moore/Getty Images By ALEX VEIGA LOS ANGELES -- The number of U.S. homes set on the path to foreclosure slid to a seven-year low in the third quarter, reflecting a gradually improving housing market and fewer homeowners falling behind on mortgage payments. Lenders initiated foreclosure action on 174,366 homes in the... Continue Reading »

Home Prices Climbed 12.4 Percent in July

Alamy By ALEX VEIGA U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that's increasingly favoring sellers amid a tight supply of available homes for sale. Real estate data provider CoreLogic said Tuesday that home prices in every state but Delaware climbed on annual basis in... Continue Reading »

Home Prices Rise in June at Slightly Slower Pace

Nick Ut/AP By Steven C. Johnson NEW YORK -- U.S. single-family home prices rose in June though the pace of gains slowed slightly, a closely watched survey showed Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas rose 0.9 percent on a seasonally adjusted basis, just shy of economists' forecast for... Continue Reading »

Tech Rebound Lifts Silicon Valley Home Prices to New Heights

By Cadie Thompson Home prices in Silicon Valley continue to skyrocket, with little sign of returning to earth anytime soon, according to real estate experts. For the past four months, the average price of a single-family home in Santa Clara County -- the heart of Silicon Valley -- has been more than $1 million,... Continue Reading »

Home Prices Heat Up in May as Pace of Gains Cools

Nick Ut/AP By Leah Schnurr NEW YORK -- U.S. single-family home prices rose in May, suggesting the housing market recovery continued during the spring buying season though the pace of gains cooled compared to the month before, a closely watched survey showed on Tuesday. The S&P/Case Shiller composite index of 20... Continue Reading »

Sales of New Homes Rise to 5-Year High as Prices Soar

Mike Groll/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates. The Commerce Department said Wednesday sales increased 8.3 percent to a seasonally adjusted annual rate of 497,000 units, the... Continue Reading »

Home Foreclosures Fall to Lowest Level in Nearly 8 Years

Ariel Skelley/Getty Images By ALEX VEIGA LOS ANGELES -- Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover. Lenders initiated the foreclosure process on 57,286 homes last month, the lowest level for any month in... Continue Reading »

Home Prices See Biggest Monthly Gain Since 2000

By Christopher S. Rugaber WASHINGTON -- U.S. home prices jumped 12.1 percent in April from a year ago, buoyed by strong demand and a limited supply of available homes. Strong gains in most cities measured point to a broad-based housing recovery. The Standard & Poor's/Case-Shiller 20-city home price index released... Continue Reading »

Home Re-Sales Pass 5 Million Mark for 1st Time Since 2009

By Martin Crutsinger WASHINGTON -- U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3½ years. The gain shows the housing recovery is strengthening. The National Association of Realtors said Thursday that home re-sales rose 4.2 percent in May to a... Continue Reading »

Rising Home Prices Keep Lifting Underwater Mortgages, Report Says

More homeowners got out from underwater on their mortgages in the first quarter as a recovery in housing lifted prices, a report from CoreLogic showed on Wednesday. There were 9.7 million properties underwater -- whose owners owed more on the mortgage than the homes were worth -- during the quarter, down from 10.5 million... Continue Reading »

Investors Backing Out of 'REO-to-Rent' Market

By Diana Olick For the past three years they have been swarming over the hardest-hit housing markets, buying distressed properties in bulk and pushing prices higher by double digits. The idea for these investors was not to buy and flip, but to hold and rent. Now some investors say that they have priced themselves out of... Continue Reading »

5 Most Overvalued Housing Markets in America

By Jerry Kronenberg Home prices are rebounding so much in some U.S. cities that property values have actually risen beyond what local economic fundamentals justify, market watcher Trulia.com says. "These are [generally] markets that have seen big price increases in the past year," Trulia Senior Economist Jed Kolko says.... Continue Reading »

Rising Interest Rates Won't Stop Housing Recovery, Group Says

By Paul Toscano The housing recovery is on a normal trajectory and gradual increases in interest rates won't slow it down, Lennar CEO Stuart Miller told CNBC on Wednesday. Miller, whose company is one of the nation's largest homebuilders, said the notion that the most recent Case-Shiller report signals a growing bubble in... Continue Reading »

U.S. Home Prices In April Jumped Most in 7 Years

By Christopher S. Rugaber WASHINGTON -- U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in April... Continue Reading »

Case-Shiller: Home Prices See Biggest Jump in 7 Years

By Christopher S. Rugaber WASHINGTON -- U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor's/Case-Shiller home price index... Continue Reading »

5 Reasons Housing Will Continue to Improve

By Brian O'Connell Wall Street was abuzz over Home Depot on Monday as the stock climbed to a 52-week high on a strong earnings report stemming from a burgeoning housing market. "In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that... Continue Reading »

Homes Selling as Fast as They Did During Housing Boom

By Diana Olick Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March and down from the normal pace of 90-120 days, according to the National Association of... Continue Reading »

New Home Sales Up 2.3% in April as Median Price Hits Record High

WASHINGTON -- Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. That... Continue Reading »

Trulia: It's Still a Housing Rebound, Not a Bubble

Home prices today are rising nearly as fast as they did during the peak bubble years of 2005 and 2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble. To track whether home prices are in or nearing bubble territory, today we introduce Trulia's Bubble... Continue Reading »

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