Wednesday, December 10, 2014

October Trends: Higher Appreciation, More Homes Sold

broadview homeww*Synced from Seattle and Real Estate Blog
After months of single-family home prices in the U.S. growing by smaller and smaller percentages on a yearly basis, the market finally looks to be back on the rise. Prices in October grew by 6.1 percent compared to the previous October, whereas year-over-year gains for September were 5.6 percent, according to new data released by CoreLogic. They report that all states in the U.S. saw some percentage of yearly appreciation in October.
But despite this recent uptick, Sam Khater, deputy chief economist at CoreLogic, said in a statement that prices are only growing by half the pace they were in the spring of 2014, when the market was seeing double-digit growth. However, some markets such as Seattle and Denver are seeing higher appreciation than the rest of the country.
Nationally, the number of homes sold in October increased by 2.2 percent from October 2013. Redfin attributes the jump to low mortgage rates that are hovering below 4 percent, a drop in unemployment, slowing home-price growth, and higher median wages. They point out that median incomes increased in all but one (Orlando) of the markets that saw the biggest year-over-year jump in sales. Though Seattle was toward the bottom of the list, with only a 2.6 percent jump in number of homes sold (as a comparison, Tampa, Fla. saw a 19.7 percent increase) and only 1.9 percent more homes newly listed for sale, any increase is welcome in our market, which has seen extremely low inventory over the past year.
If you are interested in buying or selling a home in the Seattle area, contact your local real estate agent today.


Adelin said...

I read this interesting article. I admire your efforts in writing this essay. I just wanted to express my gratitude for taking the time to offer your ideas and knowledge on this subject.
sex crime attorney
criminal law dc

Alex said...

A verified complaint in a New York divorce is a formal legal document submitted to the court, Verified Complaint Divorce New York outlining the grounds for divorce and verified by the plaintiff under oath. Verified Complaint Divorce New York

Nathan n said...

Put your faith in the knowledge and effectiveness of our seasoned legal team to help you navigate the challenging legal terrain of traffic cases in Fairfax. We are experts at offering quick and efficient solutions for a variety of traffic-related problems since we have a thorough awareness of local rules and regulations.Abogado Tráfico Fairfax

ambrosed081 said...

The real estate market is showing positive signs of growth, particularly in home appreciation and sales. Seattle and Denver are experiencing higher appreciation rates, which is good news for homeowners. The increase in home sales nationally is driven by favorable economic conditions such as low mortgage rates, decreasing unemployment rates, and rising median wages. Seattle's increase in home sales is significant given the low inventory levels experienced over the past year. The recent 6.1% increase in home prices in October reflects a positive shift in the real estate market after months of slower growth. Seattle saw a 2.6% increase in homes sold, demonstrating steady market activity despite challenges like low inventory. Engaging with a local real estate agent is advisable to navigate these dynamic market conditions. accidente de motocicleta

Post a Comment