The March 2013 S&P Case Shiller home price index shows a 10.9% price increase from a year ago for over 20 metropolitan housing markets and a 10.3% change for the top 10 housing markets from March 2012. This is the highest yearly gain since April 2006.
April New Residential Single Family Home Sales increased 2.3% to 454,000 in annualized sales. New Single Family Housing inventory is at a 4.1 month supply. New single family home sales are now 29.0% above April 2012 levels, but this figure has a ±20.7% margin of error. A year ago new home annualized sales were 352,000.
The February 2013 S&P Case Shiller home price index shows a 9.3% price increase from a year ago for over 20 metropolitan housing markets and a 8.6% change for the top 10 housing markets from February 2012. This is the highest yearly gain since May 2006. Let the housing bubble return!
March New Residential Single Family Home Sales increased 1.5%, or 417,000 annualized sales. New Single Family Housing inventory is at a 4.4 month supply. New single family home sales are now 18.5% above March 2012 levels, but this figure has a ±17.2% margin of error. A year ago new home sales were 352,000.
NAR reported their March 2013 Existing Home Sales. Existing home sales decreased -0.6% from last month and inventories increased to a still very tight 4.7 months of supply. Existing homes sales have increased 10.3% from a year ago. Volume was 4.92 million against February's 4.95 million, annualized existing home sales.
Is the Federal Reserve's quantitative easing over inflating housing prices? According to one Fed Official they aren't Yet the Federal Reserve is buying 50% of mortgage backed securities, keeping mortgage interest rates at record lows and affecting pricing on mortgage backed securities themselves.
NAR reported their February 2013 Existing Home Sales. Existing home sales increased 0.8% from last month and inventories increased to a still very tight 4.7 months of supply. Existing homes sales have increased 10.2% from a year ago. Volume was 4.98 million against January's 4.94 million, annualized existing home sales.
January New Residential Single Family Home Sales soared 15.6%, or 437,000 annualized sales. Single family new home sales have not been this high since July 2008. Housing inventory is at a 4.1 month supply. Inventories haven't been this low since March 2005.
The December 2012 S&P Case Shiller home price index shows a 6.8% price increase from a year ago for over 20 metropolitan housing markets and a 5.9% change for the top 10 housing markets from December 2011. This is the highest yearly gain since July, 2006.
The November 2012 S&P Case Shiller home price index shows a 5.5% price increase from a year ago for over 20 metropolitan housing markets and a 4.5% change for the top 10 housing markets from November 2011.
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