Tag Archives: Home Prices

Based on fundamentals, including prices-to-income, prices-to-rents, and historical data, Trulia Chief Economist Jed Kolko estimated in a post on Wednesday that home prices at the national level were still 2 percent undervalued in the fourth quarter of 2014.

The New York Federal Reserve's year-end Survey of Consumer Expectations showed little change between November and December, though there was a small pullback in Americans' financial expectations, according to results released Monday. The results mirror the latest National Housing Survey results released last week by Fannie Mae.

Taking data from its monthly home price tracker, Black Knight Financial Services found in its latest report that while high-value properties in the country's hardest-hit states have made solid strides in recovering to their pre-crisis peaks, low-value homes are still struggling to make progress.

In a report released Thursday, Trluia's Jed Kolko warned that falling oil prices—which have since July dropped by half from $100 a barrel—threaten worldwide oil-producing economies. At home, this drop could foretell a drop in home sale prices in the country's most oil-producing states, chiefly Texas, Oklahoma, and Louisiana.

Out of a group of 1,000 Americans polled in Fannie Mae's December National Housing Survey, 41 percent said they now believe the economy is "on the right track," up from 36 percent in November, the company reported. In contrast to December's slightly more positive economic attitudes, consumer sentiment toward the housing market remained subdued for another month.

In its November Home Price Index (HPI) report, property data firm CoreLogic recorded a 0.1 percent month-over-month increase in U.S. home prices for November. The minor gain, which includes data from distressed home sales, follows a 0.5 percent increase originally reported for October.

Home prices in the U.S. increased at a slower pace in October than in September, although eight cities experienced growth at a faster rate, according to the latest S&P/Case-Shiller Home Price Index released by S&P/Dow Jones Indices on Tuesday.

It's been a rollercoaster year for the U.S. housing market, but analysts at Realtor.com say the patterns seen in 2014 could be the foundation for more stable growth in the coming year. In its year-end review, Realtor.com outlined some of the major trends seen in 2014 that signal a strengthening housing recovery.

Amid reports of subdued home sales in the year's closing months, the Federal Housing Finance Agency (FHFA) delivered a piece of good news in the form of continued house price gains. The agency's latest House Price Index (HPI) showed a month-to-month gain of 0.6 percent in October, picking up steam after posting no change in September.

The National Association of Realtors (NAR) reported Monday that existing-home sales fell 6.1 percent from October to November, landing at a seasonally adjusted annual rate of 4.93 million. Despite the stumble, home resales in November were still up 2.1 percent from year-ago levels, making it just the second month in 2014 to see sales rise year-over-year.