Here are a few national real estate-related stories that came across my desk this week…
- from the REDFIN Bog: Homebuyers Undeterred by Seller’s Market; Willing to Pay More
- from AOL Real Estate: New Home Sales Up 2.3% in April as Median Price Hits Record High
- from FreddieMac: Mortgage Rates Continue Upward Trend
- from MarketWatch: Home prices post largest annual growth since 2006
- from The Wall Street Journal: Investors Spread Their Housing Bets
- from The Wall Street Journal: Flippers Ride Housing Wave – In California, Homes Bought and Resold Quickly Reach Highest Levels Since 2005
- from Inman News: Rising home prices denting short sales – RealtyTrac: Q1 foreclosure-related sales down 22 percent from a year ago
- from Freddie Mac: Fixed Mortgage Rates Highest in a Year
- from NBC News: Rising mortgage rates could dissuade new home buyers
- from Business Insider: Did You Blow Your Once-In-A-Generation Chance To Buy A Home?
- from CNN Money: Home prices post strongest gains in 7 years
MikeZ
The CA flipping data – wow! back to 2005 levels?! – strikes me as a big red flag that we are (or perhaps just CA) probably in another real estate bubble. The second red flag is national: median home prices are rising without a corresponding rise in median houshold income.