Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Mortgage application activity was slower last week, according to new data from the Mortgage Bankers Association (MBA)
Mortgage application activity was slower last week, according to new data from the Mortgage Bankers Association (MBA).   The Market Composite Index decreased 2.8 percent on a seasonally adjusted basis in the week ending July 28 compared to one week earlier. On an unadjusted basis, the Index... more
The nationwide median one-bedroom rent price decreased between July and August, from $1,016 to $1,013, according to new data from ABODO
The nationwide median one-bedroom rent price decreased between July and August, from $1,016 to $1,013, according to new data from ABODO.   The greatest decline in rents occurred for the second consecutive month in Glendale, Ariz., which saw a 10.7 percent drop in August over July’s one-bedroom... more
The best place to flip a house is, to borrow a lyric from a classic Marty Robbins tune, down in the West Texas town of El Paso
The best place to flip a house is, to borrow a lyric from a classic Marty Robbins tune, down in the West Texas town of El Paso.   In a new study released by WalletHub, El Paso was named the best market for house flipping. Sioux Falls, S.D., placed second on the list, followed by Fort Wayne, Ind.,... more
Home prices during June were up 1.1 percent from May and up 6.7 percent from June 2016, according to new data from CoreLogic
Home prices during June were up 1.1 percent from May and up 6.7 percent from June 2016, according to new data from CoreLogic.   Washington and Utah saw double-digit year-over-year home price appreciation in June at 12.7 percent and 10.7 percent, respectively. Alaska was the only state to see... more