Tag Archives: Chief Economist

Deep Freeze: Home Sales to Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Homes sell faster than ever in Bay Area

Tight inventory – a dearth of homes for sale – is driving bidding wars throughout the Bay Area, sending prices up and leaving scores of disappointed would-be buyers. Homes that do hit the market sell within days. So few homes … Continue reading

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Finally: Supply of Homes for Sale Begins to Rise

So the increase in supply is welcome news, as the severe lack of homes for sale has been pushing home prices higher far faster than anyone expected. That swift jump in prices, along with low supply, have been hampering sales, … Continue reading

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Home Buyers Are Back, but Where Are the Houses?

“Some listings are vanishing from a strategic decision of waiting for an even a higher price later. Some are due to few newly built homes available to trade-up to, hence some current existing home owners are unwilling to list. Some … Continue reading

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US Homeowners Rise Above Water on Mortgages

The negative equity numbers also don’t say anything about whether or not the loans coming out from underwater are delinquent. While the overall delinquency rate dropped dramatically in the fourth quarter of 2012 to 7.09 percent of all loans, according … Continue reading

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