Author Archives: trevorspear

Housing: Year over Year change in Asking Prices

Posted on September 19, 2012 by trevorspear

According to housingtracker, median asking prices are up 2.1% year-over-year in early September. We can’t read too much into this increase because these are just asking prices, and median prices can be distorted by the mix. As an example, the median asking price … Continue reading →

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Starts, resales due to show growth this week

Posted on September 18, 2012 by trevorspear

New home construction and sales of previously owned houses probably climbed in August, a sign residential real estate is one of the economy’s few bright spots, economists said before reports this week. Housing starts increased to a 765,000 annual rate, … Continue reading →

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Has urgency kicked in?

Posted on September 17, 2012 by trevorspear

The rent-or-buy dilemma gets interesting now that data indicate homeownership is dipping below the Maginot Line vs. rental costs in more and more metros. The Atlantic Cities’ Richard Florida looks at last week’s Trulia data which expressly indicates that in … Continue reading →

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Triangle Housing Market Improves

Posted on September 5, 2012 by trevorspear

Home sales across the Triangle rose 26 percent in July compared with a year ago, continuing a streak of double-digit increases in 2012. The latest numbers were better than expected for Stacey Anfindsen, a Cary appraiser who analyzes Multiple Listing … Continue reading →

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Gents, Our Hope is Restored?

Posted on September 4, 2012 by trevorspear

… It wasn’t that long ago when some pundits were saying hope was all we had in the housing market. But now our hope is being justified by some solid facts. Last Tuesday, the Case-Shiller S&P 500 index of home prices … Continue reading →

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Homebuilding Warranties

Posted on August 17, 2012 by trevorspear

The data has yet to take an upturn, but at least it’s not getting worse. Still, during the depths of the recession some of the homebuilders made some curious decisions about how much warranty expense they expected per new home … Continue reading →

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Triangle home sales up 19 percent in second quarter

Posted on July 12, 2012 by trevorspear

BY DAVID BRACKEN – DBRACKEN@NEWSOBSERVER.COM The Triangle housing market continued its upward swing in the second quarter, with sales increasing 19 percent over the same period a year ago. The results continue a trend that has been in place for months now: … Continue reading →

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5 Perks and Pitfalls of Old and New homes

Posted on June 22, 2012 by trevorspear

If you’re not a buyer who is completely clear on whether you want to buy an older home or a new-ish one, here are some of the factors to consider, pro and con, as you compare and contrast homes built … Continue reading →

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June 2012 U.S. Economic And Housing Market Outlook

Posted on June 21, 2012 by trevorspear

MCLEAN, Va., June 19, 2012 /PRNewswire/ — Freddie Mac (OTC:FMCC) released today its U.S. Economic and Housing Market Outlook for June showing that rental market activity has been a bright spot for the housing market, and due to rental demand by those … Continue reading →

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Housing Prices Rise, but Not for Everyone

Posted on June 20, 2012 by trevorspear

As more U.S. housing markets improve, an adage about what matters in real estate is proving true: location, location, location. While property markets across the country rose together during the housing boom and fell together during the crash, new data … Continue reading →

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