Thursday, February 25, 2016

Has your housing market peaked?

 
 
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U.S. Home Sellers in 2015 Realized Biggest Price Gains Since 2007
 
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The U.S. median home price at the end of 2015 was $206,500, up 10 percent from a year ago. December was the 46th consecutive month with a year-over-year increase in the U.S. median home price.

Among 87 major metropolitan statistical areas analyzed for the report, 79 (91 percent) posted a year-over-year increase in median home price at the end of 2015.

Among the nation's 46 markets with a population of at least 1 million, those with the biggest year-over-year increase in home prices were St. Louis (19 percent increase), Raleigh, North Carolina (17 percent increase), Detroit (17 percent increase) and Tampa (15 percent increase), with Denver, Seattle, San Jose and Providence, Rhode Island, all posting increases of 13 percent. Read More »

 
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U.S. Residential Property Vacancy Rate Drops 9.3 Percent Between Q3 2015 and Q1 2016

The analysis used RealtyTrac's publicly recorded real estate data - including foreclosure status (zombie foreclosures), owner-occupancy status, and equity - matched against monthly updated vacancy data from the U.S. Postal Service.

Among 147 metropolitan statistical areas with at least 100,000 residential properties, those with the highest share of vacant properties were Flint, Michigan (7.5 percent), Detroit (5.3 percent), Youngstown, Ohio (4.4 percent), Beaumont-Port Arthur, Texas (3.8 percent), and Atlantic City, New Jersey (3.7 percent).

Other major metro areas with vacancy rates above the national average included Indianapolis (3.0 percent), Tampa (2.9 percent), Miami (2.8 percent), Cleveland (2.8 percent), and St. Louis (2.6 percent).

Metro areas with the lowest share of vacant properties were San Jose, California (0.2 percent), Fort Collins, Colorado (0.2 percent), Manchester, New Hampshire (0.3 percent), Provo, Utah (0.3 percent), Lancaster, Pennsylvania (0.3 percent), and San Francisco (0.3 percent).

Other major metro areas with vacancy rates below the national average included San Francisco (0.3 percent), Los Angeles (0.4 percent), Boston (0.5 percent), Denver (0.5 percent), and Washington, D.C. (0.5 percent). Read More »

 
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