According to Black Knight Financial Services Home Price Index (HPI), home price gains set another new record in June 2017, rising 0.9% from Many and 6.2% year-over-year. Moving into July, CoreLogic recently reported that home prices measured by HPI were up 6.7% on an annual basis and increased 0.9% from June.
According to the recently released National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index, builder confidence is back on the rise after some concern over construction labor problems in the last report. The index rose 4 points from its July reading to 68, beating analysts’ consensus predictions of 65. “The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with our forecast for a gradual strengthening in the housing market,” said NAHB Chief Economist Robert Dietz.
According to the recently released National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index, builder confidence is back on the rise after some concern over construction labor problems in the last report. The index rose 4 points from its July reading to 68, beating analysts’ consensus predictions of 65.
Home prices continue to rise in the second quarter of 2017 against a diminished housing inventory that is hitting all-time lows. According to the National Association of Home Builders and First American Title Insurance Leading Markets Index (LMI), nearly 300 markets across the U.S. posted an increase in economic and housing activity from the first to the second quarter.
In the dynamic world of real estate, the month of June brought forth a mixed bag of trends and statistics that shed light on the ever-fluctuating housing market.
The local real estate market has been rocking the past couple of years, and 2017 was no exception. Manhattan Beach continues to lead the charge and closed the year with a new record average sales price of $3,080,193.
According to CoreLogic’s recently released Home Price Index (HPI), home prices are up both year-over-year and month-over-month. Nationwide, home prices increased year-over-year by 7% in February 2017 compared with February 2016 and increase month-over-month by 1% in February 2017 compared to January 2017.
According to CoreLogic’s recently released Housing Credit Index (HCI), the loans originated in the fourth quarter of 2016 are among the highest quality mortgages originated since 2001, (in terms of overall credit risk.)
In December 2016, Southern California home prices reached their highest levels in more than nine years. Corelogic confirms December’s median home price of $470,000, up 1.1% from previous months.
ON THE COVER is a modern farmhouse with exquisite detailing in Manhattan Beach offered by Randi and Stewart Fournier of Fournier & Fournier/MRG, Inc. In this edition of South Bay DIGS Magazine discover Los Angeles luxury homes and celebrity homes for sale and top agents that represent them.
50% price appreciation in 4.5 years…not bad. If you live in Hermosa Beach, that’s exactly how much median sale prices have increased since 20111. Of particular note is the Sand Section, which includes the oceanfront Strand homes, up over 80% since 2011. The record sales price during this time frame is $15 million, which sold in December of last year.
