Home prices due appear to be on a pretty abrubt increase. Constrained supply, combined with continued demand from investors and owner occupants is leading to higher bids.
We are beginning to see these same trends manifest in the Case-Shiller indices in the levels, first and second derivatives, as seen below.
So we know that in general, prices are on the increase. What we don't know is how sustainable they are if more supply is placed on the market. Recently, new listings have been nearly equivelent to c... read more
Posted by John McClelland on July 02, 2012 in
The supply situation continues to go unresolved. New listings are nearly matched by closings and inventory continues to decline. As a result, buyers and their agents are working extremely hard to match properties. For sellers, this could be a good time to list their home, since competition in many neighborhoods is sparce. Further, we are observing firming prices in many areas, but we do not know how long this will be sustained since we need to move past the peak selling season in order to observe if prices are bein... read more