Home Price Index

December home prices continued to rise per December readings for Case-Shiller's National and 20-City Home Price Indices. On average, national home prices increased by 5,80 percent year-over-year and exceeded November's year-over-year reading of 5.60 percent. The 20 City Index, which analysts follow more closely than the National Home Price Index, posted a year-over-year gain of 5.60 percent in December, which exceeded an expected reading of 5.40 percent and November's year-over-year reading of 5.20 percent growth.

Last week's economic news was plentiful with releases on Case-Shiller Home Price Indices and pending home sales. Readings on government and private sector jobs created, the national unemployment rate and weekly readings on new jobless claims and Freddie Mac's mortgage rates survey were also released.

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER...

Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive maximum value for your house? Here are two keys to insuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER...

I talk with 10-20 homeowners a day with regards to either their home expiring, being withdraw, or they have been released from the listing agreement with their previous agent.  Ultimately, the number one reason these homes did not sell is the list price is not what the current market preceives as value, period.  What happens with this group is the homeowner ends up becoming the highest bidder with...

Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index.

This winter will see a softening of prices in most parts of the country. If you are considering selling your home in the near future, you should talk with me today, 804-980-7906. That being said, I want to explain the magnitude of the challenge. The FHFA just released their third quarter House Price Index. In the titled they claimed:  U.S. House Prices Fall 1.6 Percent in the Third Quarter; Declines...

Price must be compelling in Chesterfield VAI was once told a good decision is only as good as the facts.  I open this BLOG post with a question for every homeowner who is thinking about selling their home this upcoming spring...if you were to be honest...do you think property values will be higher this spring?  This is a question anyone thinking about selling must ask. Should they sell now or should...

The news is not as bad as it might appear at face value.  I knew this would happen because when the numbers come out they are compared with the same month of last year.  Last year, August through October, we had an anomaly with the tax incentive program in play.  Something which we do not have this year.  The numbers for our area (CVRMLS) for September 2010. Pending Sales & Sales Success In this...

Strategic default:  when a borrower defaults on their mortgage even though they have the financial ability to repay it.  Strategic defaults lead to foreclosures. It is important to realize that an increase in the number of foreclosures will dramatically impact any possible housing recovery. A loss of income or an increase in negative equity (where the house is worth less than the mortgage on the...