home price Archive

Price Differences–Small and Large Commercial Buildings

The average property transaction in commercial real estate markets served by REALTORS® has been in the neighborhood of $1.6 million, significantly below the $2.5 million threshold typically used by major databases in compiling sales information.  The markets for small...

Latest Employment Report (April 2015)

Job gains were solid in April.  But the wage growth remains stuck and not matching up with the rises in rents and home prices.  Nonetheless, more jobs even with slow wage growth means continuing support for housing demand and...

Case Shiller Price Index (February 2015)

Today, Case Shiller released their housing price index data for February 2015 which showed that house prices rose 4.8 percent from February one year ago for the 10-city composite vs. 4.3 percent in January and 5.0 percent for the...

Disappearing Shadow Inventory

One broad trend across the country has been a consistent and steady decline in shadow inventory.  There is already a shortage of visible inventory.  So a shorter shadow – those properties with serious mortgage delinquency or in some stage...

Latest New Home Sales (March 2015)

Contract signings to buy a newly constructed home fell in March from the prior month.  The likely reason is the lack of construction rather than the lack of demand.  The single-family housing starts had been lower in February and...