Great news to report! The numbers are in and according to S&P Case-Shiller Index, home prices at the end of January were at their highest since the housing bubble burst.
Category Archives: Finance
Home Prices See Biggest Increase in 7 Years
As the housing market continues to come back around, more and more statistics are surfacing that give us hope for the future. According to our friends at Inman News, things are definitely looking up. CoreLogic’s home price index is dishing out some encouraging news – home prices are up significantly!
According to CoreLogic, home prices were up 0.7 percent in January from December. While that may not seem like a huge month-to-month increase, consider this: January’s year-over-year home prices made the biggest jump in seven years – national home prices were up in January by 9.7 percent from a year ago. This is the biggest increase since 2006.
CoreLogic’s home price index got these impressive findings by following the repeat sales of single-family homes.
Higher home prices means more confidence in the real estate market. For you, this means more people may be searching the internet to find a good, reliable real estate professional to help them find their dream home. Is your online reputation up to par? Will homebuyers find the best version of you there is to offer when they hit the search engines?
If you haven’t already, click here to download our FREE eBook, Maximizing Your Online Reputation: A Playbook for Engaging with Consumers and Winning Their Business. As the real estate market improves, be sure your online reputation doesn’t hold you back.
The Housing Market and the Fiscal Cliff
The last few months of 2012 were all abuzz about the looming so-called “fiscal cliff” and whether or not the country would topple over the figurative landmark. This week, the cliff-hanging came to an end when Congress, the House of Representatives, and the President were all able to come to an agreement on how to remedy this situation.
Home Prices See Biggest Jump in Two Years, Home Sales Rise Too
We have more good news to report on the housing front. According to the S&P/Case-Shiller Index, home prices have seen the biggest jump in two years! In Q3, prices were up 3.6 percent higher than they were the same time last year!
Mortgage Rates Still Falling to Record Lows
We continue to keep our eye on mortgage rates to gauge the state of the housing market and the latest rates are at an all time low!
According to lending giant Freddie Mac, as of a week ago, 30-year fixed rate mortgages fell .06% to 3.34% while 15-year rates fell .04% to 2.65%.