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Are We Entering A New Housing Bubble?

Home prices are rising too fast in much of the country. In Dallas and Denver, prices have surpassed their prior peak and have risen over the past two years by 18% and 20%, respectively. Similar gains were recorded in many Western cities, including Seattle and San Francisco, regaining most of the price declines during the bust years to reach very close to their prior peak. Nationwide , home prices have risen by 10% over the past two years, according to the Case-Shiller repeat price index, and by 13% in the median … [Read more...]

Selling your home? The cards are in your favor

Selling your home? In most parts of the country, you have finally regained the upper hand. So says Beth Braverman, CNN Money on April 8, 2013: 4:33 PM ET. To get your best price, though, you need to finesse your timing, list competitively and match your marketing strategy to local conditions. Lower your sights to make more money. Rising prices breed rising hopes: In a recent poll, brokers complained that 75% of homeowners think their agent's recommended listing price is too low. Pricing your property above … [Read more...]

Phoenix Rising Like…Well, a Phoenix

WE’RE HEARING...If you want to see what a housing recovery looks like on the ground, it’s time to visit Phoenix, as I did recently for the first time in a couple of years. Gone are the rows of “for sale” signs that cluttered many streets two years ago. Instead, observers of the Phoenix market today say the metropolitan area faces a different problem: too few homes for sale. Mark Stapp, director of the real estate development program for the W.P. Carey School of Business at Arizona State University, told me … [Read more...]

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