Tag Archives: Trulia

National asking home prices have risen 7.0 percent year-over-year since bottoming out last February, Trulia revealed in its February Price Monitor Report. Seasonally adjusted, asking prices increased about 1.4 percent from January and 3.0 percent quarter-over-quarter, marking two post-recession highs. Nationally, inventory fell 23 percent year-over-year in February. Jed Kolko, Trulia's chief economist, explained that while falling inventory boosts prices, the relationship works both ways.

Asking prices rose dramatically in January as renting prices cooled off somewhat, according to the latest data in Trulia's Price and Rent monitors. The company's Price Monitor showed a 0.3 percent quarter-over-quarter rise in January (without seasonal adjustment). On a seasonally adjusted basis, prices increased 2.2 percent quarterly. While January's numbers signal a strong price recovery, Trulia's chief economist warned the month's gains could disappear in some areas.

After measuring improvements over the two years, Trulia ranked Las Vegas as the top turnaround market in 2012 based on its recovery in asking prices. Trulia also found nine out of the top 10 turnaround markets were located West and Southwest, and the top six saw double digit increases. In 2011, only 12 out of 100 metros saw price increases compared to 82 in 2012. In addition, none of the 100 largest metros saw price declines greater than 10 percent in 2012 compared to 6 in 2011.

The desire for homeownership is still strong in young renters, according to a survey released by Trulia.

Trulia, a leading online real estate marketplace operating out of San Francisco, announced the appointment of industry veteran Alon Chaver as VP of industry services. Chaver most recently served as the co-founder and CEO of iHomeFinder, serving brokers and multiple listing services (MLSs) across the country for more than 15 years.

Asking prices on for-sale homes rose in November at a breakneck pace, but the gap between certain markets is growing more pronounced, according to Trulia's latest Price Monitor. However, even as the recovery in national prices accelerated in November, the number of metros reporting quarter-over-quarter price increases fell, dropping to 70 from 79 in August. Trulia chief economist Jed Kolko said the disparity points to an uneven recovery from metro to metro.

Trulia is teaming with mortgage technology provider Mortech, Inc., to provide mortgage products and rate information to Trulia visitors.

If current trends persist, this year may be the first year since 2006 the housing market records an annual price increase, according to a report released Thursday by Trulia. At the current rate of change, the year could close with a 4 percent price annual price increase. Asking prices rose 2.5 percent year-over-year in September. When foreclosure sales are excluded, prices were up 3.5 percent. Month-over-month, asking prices were up 0.5 percent in September.