Coldwell Banker Premier Realty

Looking at October Single Family Metrics

home prices move sideways again
Posted by John McClelland on November 11, 2016 in  home prices  single family homes

With a relatively balanced supply-demand picture, single family home prices traded sideways once again. For most of 2016, prices moved little with just two months accounting for most of the year's increase. Underlying fundamentals continue to improve so we are very comfortable with prices at these levels.

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Reviewing Corelogic's HPI Report

Being Furthest From Peak Might be a Good Thing
Posted by John McClelland on December 14, 2015 in  Corelogic  Home Prices  HPI  Peak Pricing
As the exhibit below illustrates, Nevada is one of five states furthest from peak pricing. There are several reasons why this alleviates many of our concerns about current value. One, current prices can be explained fairly well when we look at the level of supply in the market and demand drivers such as improving employment and population growth. What is hard to explain is why a closet sized condominium in San Francisco can be so expensive. Foreign hot money and a vibrant technology and finance sector may explain s... read more
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Las Vegas Monthly Market Update - October 2015

A Look into Las Vegas' Real Estate Market
Posted by Coldwell Banker Premier Realty on October 31, 2015 in  2015  activities  Buying vs renting  home price and mortgage rate  home prices  housing  inventory  las vegas homes  las vegas real estate  new home sales  single family
October 2015 Following a significant increase in single family home prices over the summer, recent price growth is more tempered and flattening.  In our opinion, this pause in price growth is welcome since we do not want to see prices exceed the basic fundamental measures that drive the market long-term.  We typically see closings subside this time of year and 2015 continues this pattern, however, both escrows opened and the number of closed ho... read more
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September 2015 As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed be... read more
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