The 30 day moving average of US house sales showed prices and volume continuing to rise in the week ended June 14 in data reported by Dataquick. There were 198,090 sales recorded for the period, versus 194,965 for the period ended June 7, which was 8.2% higher than the year ago period. Median sale prices…
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Housing, Lee's Free Thinking, Must Read
Housing Prices and Sales Volume Continue Surge in Early June – Dataquick
by Lee Adler • • 1 Comment
Dataquick is now reporting a 7.4% increase in closed sale values for the 30 days ended June 7 versus a year ago. This would represent mostly contracts entered in March. The data released today shows a clear breakout in prices with the median sale price for sales data collected in the 30 days ended June 7…
Housing, Must Read
Housing Prices and Sales Volume Gained Sharply in May- Dataquick
by Lee Adler • • 0 Comments
Dataquick is reporting a 6.3% increase in sale prices and a 10.1% increase in sales volume for May versus May 2011. Versus 3 years ago, the median sale price is up 3.3% and volume is up 10.1%. Prices have now exceeded the 2011 peak reached in July and August and sales volume is virtually at…
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Southland housing market strengthens in April – Los Angeles Times
by Newswires • • 0 Comments
Southland housing market strengthens in AprilLos Angeles TimesBy Alejandro Lazo With sales increasing from the same month a year prior, Southern California's median home price rose 3.6% in April, the first year-over-year pop since late 2010. The me…
Bears Chat, Best of the Forums
California Housing Market is Sinking into the Sunset
by Bears Chat at The Wall Street Examiner • • 0 Comments
The spring bounce never arrived to the national housing market and certainly did not pay a visit to Southern California. Home values across the nation are experiencing a strong double-dip courtesy of a continually weak economy.
As the layers of …
Bears Chat, Best of the Forums
The Higher Education Cost Bubble
by Bears Chat at The Wall Street Examiner • • 0 Comments
For a few years I have discussed the potential of a higher education bubble and the fallout it will have on the housing market. Logically you would assume that young adults with back breaking amounts of student loan debt would have a harder time ta…