Posts Tagged ‘home sales’

For the 4th consecutive month, the Case-Shiller Index showed a softening in year-over-year home price declines. But, even more relevant than the annual Case-Shiller numbers, are the monthly ones. According to the data, 18 of the 20 tracked real estate markets improved between April to May. It’s the Case-Shiller Index’s strongest showing in nearly 3 years.

According to the latest reports from the California Association of Realtors (CAR), home sales increased 20.1 percent in June in California compared with the same period a year ago, while the median price of an existing home declined 26.4 percent. “Many first-time buyers, especially those who were previously priced out of certain areas, are realizing that tax credits from both the state and federal governments, increased affordability, and low interest rates are creating a prime time to purchase a home,” said CAR President James Liptak.Read more