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National Home Prices Continue to Increase




Data through May 2014, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show the Composite Indices increased at a slower pace. The 10-City Composite gained 9.4% year-over-year and the 20-City 9.3%, down significantly from the +10.9% and +10.8% returns reported last month. All cities with the exception of Charlotte and Tampa saw their annual rates decelerate.

In the month of May, the 10- and 20-City Composites posted gains of 1.1%. For the second consecutive month, all twenty cities posted increases. Charlotte posted its highest monthly increase of 1.4% in over a year. Tampa gained 1.8%, followed by San Francisco at +1.6% and Chicago at +1.5%. Phoenix and San Diego were the only cities to gain less than one percent with increases of 0.4% and 0.5%, respectively.

The chart above depicts the 10-City Composite and the 20-City Composite Home Price Indices. In May 2014, the 10-City and 20-City Composites posted year-over-year increases of 9.4% and 9.3%, respectively.

Pending Home Sales Down

Pending Home Sales Slow in June




After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based [...] Continue Reading…

New Home Sales Down

New Home Sales Fall in June




Sales of new single-family houses in June 2014 were at a seasonally adjusted annual rate of 406,000, according to estimates released jointly by the U.S. Census Bureau and the [...] Continue Reading…

Existing-home Sales Increase

Existing-Home Sales Up in June




Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply [...] Continue Reading…

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Seattle, WA Spotlight Home




Nestled beautifully amongst a dense forest of coniferous and deciduous greenery, this stunning Seattle home boasts some truly impressive wood, glass and steel work all unified in its relaxed [...] Continue Reading…