April Existing-Home Sales Show Modest Improvement Behind Gaining Inventory

WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged.

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http://www.realtor.org/news-releases/2014/05/april-existing-home-sales-show-modest-improvement-behind-gaining-inventory#sf3033029

Home Prices Rising at Fastest Pace in 36 Years

Housing prices increased by what the Chief Economist for CoreLogic called “a remarkable 10 percent” in the first six months of 2013, the company announced this morning. Mark Fleming noted that the 10 percent year-to-date increase was the fastest pace for home price gains since 1977.

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http://www.mortgagenewsdaily.com/08062013_corelogic_hpi.asp

Home Prices, Sales Spike in 19 Major Metros in May

Gains in home prices and sales surged in May, while inventory increased for the second straight month, according to Redfin’s most recent housing market report based on 19 markets across the country.

Home Prices, Sales Spike in 19 Major Metros in May.

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Fannie, Freddie Talk Valuations and Expedited Short Sales

With short sales continuing to represent a substantial portion of the real estate market, Fannie Mae and Freddie Mac have implemented policies to expedite short sales and reviewed how appraisals factor into its process, the National Association of Realtors reported May 15.

NAR reported that 9 percent of real estate transactions in the first quarter of 2013 were short sales.

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Appraiser News Online Headlines.

CoreLogic: Completed Foreclosures at Lowest Level Since 2007

Data from CoreLogic shows 54,000 homes were lost to foreclosure in February of this year, a 7 percent decline from January’s downwardly revised 58,000.

CoreLogic: Completed Foreclosures at Lowest Level Since 2007.

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Study Shows Home Preferences of Millennials | Realtor Magazine

The Millennial generation is showing a preference for fixer-upper houses over the “cookie cutter” luxury homes their parents’ generation tended to desire, according to a national survey by Better Homes and Gardens Real Estate.

Study Shows Home Preferences of Millennials | Realtor Magazine.

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42 MacArthur Blvd. Danvers List Price $334,900

Great new listing in Danvers, 7 rooms, 4 bedrooms and 3 baths. Contact Adeline Matton- amatton@accurety.com or 978-884-5609 for more information.

http://www.realtor.com/realestateandhomes-detail/42-Macarthur-Blvd_Danvers_MA_01923_M40998-58534?source=web

Virtual tour #4215269.

 

DBRS Warns of Threats to the Home Price Recovery

Home prices may appear to be in recovery mode, but they haven’t reached bottom yet and probably won’t until sometime in 2014, according to a report from DBRS.

DBRS Warns of Threats to the Home Price Recovery.

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Massachusetts Sees Decrease in Bankruptcy Filings

According to data from the Warren Group, Chapter 7, Chapter 13, and Chapter 11 bankruptcy filings in Massachusetts saw double-digit decreases year-over-year in 2012.

via Massachusetts Sees Decrease in Bankruptcy Filings.

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Home Values See Largest Annual Gain Since 2006

U.S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow’s latest Home Value Index (HVI). The 5.9 percent appreciation rate is the largest annual gain since August 2006, near the peak of the housing bubble.

Home Values See Largest Annual Gain Since 2006.

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