Home Prices Accelerate In 2013 Big Time!

Case Shiller Index February 2013 Shows Home Prices AcceleratingLast week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. Looking closer to home, here in Sacramento, that number is much greater.

The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale.

All 20 Case Shiller Index Markets Show Growth Continue reading “Home Prices Accelerate In 2013 Big Time!”

Report Shows Uneven Recovery For U.S. Housing

Case-Shiller Home Value Changes

Recent data suggests that the U.S. housing market is in recovery. However, the data also shows this to be an uneven recovery.

According to the monthly S&P/Case-Shiller Index, for example, home values rose in three of 20 tracked markets between December 2011 and January 2012. 17 tracked markets showed home prices still in decline. Unfortunately, Sacramento is not one of the 20 markets tracked, but you can gleam a general trend from this report. Continue reading “Report Shows Uneven Recovery For U.S. Housing”

Home Supplies Fall To 7 Months Nationwide; Buyer Demand Strong

Existing Home Supply 2010-2011

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. Home buyers and sellers throughout Sacramento should take note of November’s numbers because — behind the headlines — there’s a series of statistics that foretell higher home prices ahead. Continue reading “Home Supplies Fall To 7 Months Nationwide; Buyer Demand Strong”