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Bilifuduo (98.20)

Housing Rebound

Recs

7

December 20, 2012 – Comments (3)

A couple of indicators came out recently that point to a slow but steady housing rebound. First, according to Zillow, housing prices rose 0.6% in November, the 13th monthly increase in housing prices. Moreover, overall prices are up 5.2% Y/Y, the biggest annualized gain since August 2006. According to the National Association of Reuters, existing-home sales in November rose to 5.04M from 4.76M last month, beating projections of a rise to 4.9M. Finally, the October Federal Housing Finance Agency Housing Price Index increased 0.5% M/M versus a consensus of a 0.4% increase.

3 Comments – Post Your Own

#1) On December 21, 2012 at 3:47 AM, ikkyu2 (99.26) wrote:

Going to be hard to capitalize on it when some of the leading homebuilders are up 200% in the last year.  ITB, which has a diversified basket of homebuilders, is up 60%.

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#2) On December 21, 2012 at 2:50 PM, lemoneater (81.74) wrote:

I wonder how much of this in new construction vs. existing construction.

My realtor friend is having no problem moving houses 120K and less here in the upstate of SC but most of those are discounted pre-existing homes.

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#3) On December 22, 2012 at 12:11 PM, Melaschasm (55.92) wrote:

From what I have read both the existing and new home markets are seeing significant year over year improvements.

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