McKinney, Allen, Frisco, Plano TX real estate
Home builder confidence rises again. For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 -- an increase of more than 100% from one year ago and the highest HMI value since February 2007. The Housing Market Index is an indicator of homebuilder confidence and when it reads 50 or better, the HMI … [Read more...]
Foreclosure pipelines are re-filling nationwide. And Texas is one of them! We account for 5.2% of the total filings nationally. But it's not all bad news. There was actually a decrease from prior months. The number of foreclosure filings dipped below 192,000 in July 2012, a 3 percent decrease from the month prior, according to data … [Read more...]
Home sales appear headed for a mid-summer breather. One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June -- a strong reading in its own right. A "pending home sale" is a home that is under contract to sell, but not yet sold. June's value of 99.3 marks the 14th consecutive month during which the … [Read more...]
The number of newly-built homes sold slipped 8 percent in June from the month prior, says the U.S. Census Bureau in its latest New Home Sales report. The June data shows 350,000 homes sold nationwide on a seasonally-adjusted, annualized basis. The home sale tally fell short of Wall Street expectations but the Census Bureau revised higher its … [Read more...]
The housing market's bottom is 9 months behind us. Home values continue to climb nationwide. Home values rose 0.8% in May on a monthly, seasonally-adjusted basis, according to the Federal Home Finance Agency's Home Price Index. May's reading marks the sixth time in seven months that home values rose. Values are now higher by 4 percent since … [Read more...]
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORS®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted, annualized basis. This is 250,000 fewer home sales per year as compared May's figures which NAR has … [Read more...]
North Texas Homebuilder confidence is soaring. New subdivisions have opened in Collin County, where there is still more land set for development. Homebuyers are swarming the model homes, and week-end traffic is brisk. Sizable gains have been realized for the second time in three months, according to the Housing Market Index reports by the … [Read more...]
Homes are going under contract at a quickening pace. In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier, stretching to 101.1. A "pending home sale" is a home under contract to sell, but not yet sold. Statistically, the Pending Home Sales Index reading is significant for two reasons. First, the … [Read more...]
Home builders anticipate growth in the market for newly-built, single-family homes. For June 2012, the National Association of Homebuilders reports its monthly Housing Market Index at 29 -- an increase of more than 100% from one year ago and the highest HMI value since May 2007. When the Housing Market Index reads 50 or better, it's meant to … [Read more...]
WARNING: This is a rant. Recently I had a bad experience with a large title company and I can't get past it. I don't understand it. And I certainly do not plan to repeat it. This was an easy deal. Cash, no survey, no title issues. But the closing was sad -- mishandled with careless disregard. My client was suspicious and unhappy. I was angry … [Read more...]
Foreclosure filings nationwide rose 9 percent in May as compared to April 2012. Filing topped 200,000 units for the first time in 3 months, according to foreclosure data firm RealtyTrac. The term "foreclosure filing" is a catch-all term comprising default notices, scheduled auctions, and bank repossessions. On average, 1 in every 639 U.S. … [Read more...]
The number of U.S. housing markets showing "measurable and sustained growth" slipped by 20 in June, according to the National Association of Homebuilders. The Improving Market Index is meant to identify housing markets in which economic growth is occurring as a whole -- not just in the real estate space. By using three separate, … [Read more...]
Information is deemed reliable but not guaranteed.
