26 01, 2016

National Home prices rose in November

2016-01-26T19:34:14-05:00Categories: Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, Outer Banks, Outer Banks Investment Properties, Outer Banks Real Estate Sales, Uncategorized|Tags: , , , , , , |Comments Off on National Home prices rose in November

Home prices rose in November, as the S&P/Case-Shiller U.S. National Home Price Index (HPI) increased
0.9 percent on the month. Nationally, home prices have risen 5.3 percent over the past year.

Western Cities Lead the Way

  • U.S. home prices, as measured by the S&P/Case-Shiller
    National HPI, picked up 0.9 percent in November. The 10-City
    and 20-City HPIs both rose solidly, each posting increases of
    0.9 percent over the month. Western cities led the way, as
    Portland, San Francisco and Denver saw the greatest gains.
  • In a separate report released today, the FHFA HPI, which
    reflects homes securitized by Fannie Mae or Freddie Mac, rose
    5.9 percent over the year.

Supply & Demand Driving Prices

  • Historically low levels of inventory for new and existing homes
    should continue to support home prices into 2016. Meanwhile,
    housing demand is likely to remain solid as underlying
    fundamentals, including improving labor market conditions and
    household formations, continue to strengthen.
  • We are looking for home price appreciation to decelerate
    modestly in 2016, to 4 to 4.5 percent, as supply gradually comes
    back online and demand from foreign buyers cools off.

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21 10, 2015

Housing Starts End Q3 on a High Note

2015-10-21T12:03:40-04:00Categories: Homes for sale Corolla, New Homes for Sales Corolla, Uncategorized|Tags: |Comments Off on Housing Starts End Q3 on a High Note

Housing starts jumped 6.5 percent in September amid continued strength in the multifamily sector. Housing is one area of the economy that can continue to improve even if the rest of the economy slows slightly.
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Leap in Multifamily Starts, but Steady Gains for Single-Family Housing starts jumped 6.5 percent in September to a 1.21 million-unit pace, well above expectations. Moreover, starts for August were revised slightly higher. After housing starts had fallen in July and August, today’s report should help to allay concerns that the domestic expansion is faltering amid headwinds from overseas. Through the monthly volatility, the trend in housing remains upward. Over the third quarter, starts averaged 1.16 million units and are up 13.1 percent since Q3 2014. New Homes for Sales Corolla

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