Home Prices in 20 U.S. Cities Increase by Most Since 2006

The article, Home Prices in 20 U.S. Cities Increase by Most Since 2006, from www.bloomberg.com, reports that home prices in 20 U.S. cities rose in the 12 months to December by the most in more than six years, a sign the housing-market recovery is strengthening. The S&P/Case-Shiller index of property values increased 6.8 percent from December 2011, the biggest year-to-year gain since July 2006. “The key here is it’s not as if we’re getting all the juice from one area, it’s broadly based across the country,” said Brian Jones, a senior U.S. economist at Societe Generale in New York, who correctly projected the year-over-year increase. “Rates are low, prices are attractive, so affordability is high, and the labor market is gradually healing as well. If you were in the market to buy a home, right now it’s a good time." Home prices adjusted for seasonal variations in the 20-city index climbed 0.9 percent in December from the prior month, compared with a 0.7 gain in November. The month-over-month gain was led by Las Vegas and Los Angeles. All 20 cities showed increases. Phoenix led the group of 19 cities that showed year-over- year increases, with a 23 percent jump in the 12 months to December. San Francisco was second with a 14.4 percent gain.

Here is the link to the entire article: http://www.bloomberg.com/news/2013-02-26/home-prices-in-20-u-s-cities-increase-by-most-since-2006.html

Confidence Index for February 2013

Subscriber Confidence Index for February 2013 Every month ARMLS® surveys a representative sample of Subscribers who have closed a minimum of one transaction in the previous 12 months. They are questioned about their feelings on current and future real estate, business and employment conditions in the Valley and their expectation of their family income in six months. Subscriber responses are tabulated and converted into the ARMLS Subscriber Confidence Index (SCI), plus the Present and the Expectation Indices. February’s SCI is 87.5%, the Present Confidence is 87.1% and the Expectation Confidence is 87.7%. Learn more about how the February SCI compares with January. Watch for the SCI every month on the Home page of armls.com.

WATCH A HOME BUILT IN 7 MINUTES

https://plus.google.com/communities/105615437397385946426#+armls/posts

The 10 American Housing Markets That Made Tremendous Turnarounds In 2012

http://www.businessinsider.com/top-10-turnaround-housing-markets-of-12-2013-1?op=1#

LATEST PHOENIX REAL ESTATE STATISTICS

STAT is the ARMLS^® newsletter that gives Subscribers the most current market statistics.

In this issue read about an increase in the median sales price, further decline in foreclosures pending, a rise in total inventory, plus a new graph which looks at the UCB (formerly AWC) makeup within Active inventory.

Click to access the December issue of STAT and the ARMLS PPI™.

Back issues of STAT and ARMLS PPI™ are always available on the ARMLS website at: http://www.armls.com/statistics/stat-library

WHAT OBAMA ELECTION MEANS FOR HOUSING

From Trulia on 11/14/2012

http://trends.truliablog.com/2012/11/what-obamas-re-election-means-for-housing/

Phoenix Latest Market Statistics

STAT is the ARMLS® newsletter that gives Subscribers the most current market statistics. In this issue read about the continuing pricing upswing, reduced foreclosures pending, AWCs in the Active pool, inventory uptick, lower percentage of distressed properties in the total sales makeup, as well as economic factors affecting the Valley's recovery. Click to access the November issue of STAT and the ARMLS PPI™. Back issues of STAT and ARMLS PPI™ are always available on the ARMLS website at: http://www.armls.com/statistics/stat-library   Can also be seen at www.denismarque.com under Market Stats