Archive for the ‘Economic Indicators’ Category

Home Prices Zoom up 10.5% Over Last Year

Wednesday, May 8th, 2013

HomePriceIndex

 

 

Nationally home prices in March were 10.5 percent higher than a year ago – and a bit more if distressed sales weren’t counted, says market researcher CoreLogic.

The overall change was the biggest year-over-year jump in seven years and the 13th straight month for home price gains.

Real Estate is Back

Friday, March 15th, 2013

RealEstateIsBack_bright _mm.eps

Source: http://www.realestate.com/advice/real-estate-market-is-back/

Ames home prices up 4%

Monday, March 11th, 2013

HomePriceIndexYoYIn the most recent 12 month period, average home prices in Ames have increased exactly 4.0%. The average number of days on the market shows homes are selling 19% faster.

Nationwide home prices, including distressed sales, climbed 9.7 percent year-over-year (YoY) in January, according to CoreLogic’s latest home price report. This is the eleventh straight monthly rise, and it’s the biggest gain since April 2006.

http://www.bullfax.com/?q=node-corelogic-home-prices-are-climbing-fastest-pace-april-2

 

Mortgage delinquency rate at a 4 year low

Tuesday, February 26th, 2013

The housing market continues to become more stable and solid across the U.S. Homeowners who have fallen behind on their mortgage payments is now at a 4 year low.

Read the Des Moines Register article.

5 Reasons You Should List Your House Today

Monday, January 28th, 2013

From our friends at the KCM Blog…

“Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. …These are five good reasons why you should consider listing your house today instead of waiting.

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project ………. read the full post.

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point…………read the full post.

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012……………read the full post.”

 

Friday, January 11th, 2013

 

Trulia: Asking Prices Up 5.1% in 2012

Wednesday, January 9th, 2013

From Trulia….

“The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop on where prices and rents are headed…”

Read the article

New Year, New Career

Wednesday, January 2nd, 2013

Did your New Year’s resolutions include improving your career opportunities? We are looking for quality people interested in building their own business.

Check out our career page and try our simulator to see if a career in real estate might be right for you.

http://www.hunzikerrealty.com/careers

Monday, December 17th, 2012

Source: http://www.desmoinesregister.com/article/20121216/BUSINESS/312160024/?odyssey=nav|head&gcheck=1&nclick_check=1

Mortgage Rates Hit 3.34%

Friday, November 16th, 2012