The Bloomberg Consumer Comfort Index measures Americans’ perceptions on three important variables: the state of the economy, personal finances and whether it’s a good time to buy. The gauge of household finances was positive for the first time since April
Archive for June, 2012
The number of home buyers signing contracts to buy existing homes jumped nearly six percent in May to the highest level since April of 2010, according to a Realtor group. With more inventory of houses the numbers would have been even bigger.
according to the S&P/Case-Shiller 20-city composite index. The report dovetails with other indicators showing a housing market crawling off it’s low.
New U.S. single-family home sales surged in May and prices rose from a year ago amid tightening supply. The Commerce Department said on Monday sales jumped 7.6 percent to a seasonally adjusted 369,000-unit annual rate, the highest since April 2010 and a 5.6-percent rise in the median price of a new home to $234,500 from May last year.
Knowing the number of views of your advertised property is important. At FSBO.com you will know the number of unique visitors and views, plus managing the information on the Internet. Here is a randomly picked property, FSBO.com/155973, with activity the past 30 days:
Number of views: 651
Number of visitors: 188
Housing inventory for sale nationwide is now 2.49 million, a drop of 20 percent from a year ago. In some areas less then a two month supply. Many currently on the market need fix up and ‘move in’ ready properties are getting hard to find.
Excluding distressed sales, home prices rose 2.6 percent in April. As home prices grew, so too did rents. Nationally, rents rose 6 percent in May from a year ago, according to Trulia, and the increases are accelerating each month. Paying more for rent, while mortgage rates are dropping, the smart renters will soon become buyers.