2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real ...
Posted by Missy Ashcraft on October 5, 2018 in Market Statistics
What Impact Will the New Tax Code Have on Home Values?
Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.
Below is a map, broken down by state, reflecting how ...
Posted by Missy Ashcraft on January 18, 2018 in Market Statistics
There's More to a Bubble Than Rising Home Prices
What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.
“A bubble requires both overvaluation based ...
Posted by Missy Ashcraft on January 3, 2018 in Market Statistics
November 2017 Market Statistics
Click here to download the November 2017 Local Market Snapshot reports, presented by zip code and MLS area.
the median detached home price rose 9.1 percent to $199,650
the average detached price increased 8.4 percent ...
Posted by Missy Ashcraft on December 12, 2017 in Market Statistics
Home Prices Up 7% Over Last Year
According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.
A lack of ...
Posted by Missy Ashcraft on December 6, 2017 in Market Statistics
National Median Days on Market Drops to 34...How did NM do?
The National Association of REALTORS® surveyed their members for their Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent ...
Posted by Missy Ashcraft on December 1, 2017 in Market Statistics
Existing Home Sales Slowed by a Lack of Listings
The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
Existing home sales are currently at an annual pace of 5.48 million, the highest pace since ...
Posted by Missy Ashcraft on November 24, 2017 in Market Statistics
Bubble Alert! Is it Getting Too Easy to Get a Mortgage?
There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more ...
Posted by Missy Ashcraft on November 22, 2017 in Market Statistics
Shrinking supply, Escalating Prices in the Albuquerque Market
Albuquerque Journal by Steve Sinovic, Journal Staff Writer
ALBUQUERQUE, N.M. — As the year winds down, Albuquerque-area residents still looking to buy a home, townhouse or condo are facing low inventories, which has created a ...
Posted by Missy Ashcraft on November 20, 2017 in Market Statistics