Tag Archive for 12 months

Housing Gradually Recovering Lost Ground

December 16, 2013 Housing Market Comments Off on Housing Gradually Recovering Lost Ground

Housing markets across the country are gradually recovering and even exceeding previous normal levels of economic and housing activity, according to the latest Leading Markets Index from the National Association of Home Builders. The NAHB scores more than 350 metro areas by taking their average permit, price, and employment levels for the past 12 months and dividing it by their annual average during the last period of normal growth. Based on that score, the index ranks markets that have reached or surpassed their previous normal level. The most recent release found 55 housing markets operating at or above their previous norm. Nationwide, the housing market was at 85 percent normal growth. Rick Judson, NAHB’s chairman, said the index shows that most housing markets across the country are continuing a slow, gradual climb back to normal levels. There were more than 125 markets showing activity of at least 90 percent of their previous norm. More here.

Price Gains Cool Down In Hottest Markets

December 6, 2013 Housing Market Comments Off on Price Gains Cool Down In Hottest Markets

Trulia’s Price Monitor gauges home price trends based on asking prices, which means the Monitor is among the earliest indicators of where home values are headed mostly due to the fact that asking prices lead sales prices by approximately two months. In November, asking prices were up 1 percent month-over-month and 3 percent quarter-over-quarter. Prices are now 12.1 percent above last year and have risen in all but two of the largest metros over the past 12 months. Despite the increases, however, home price gains are beginning to slow after spiking earlier this year. The slowdown is most pronounced in metropolitan areas that experienced the largest price increases in the first half of 2013. On the other hand, in the 56 markets where prices rose by less than 10 percent year-over-year, price gains actually accelerated in the most recent quarter. More here.