The Agency - Home Sales

Silver Lake Home Sales Return To Peak Levels

Nov. 21, 2013
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The following Neighborhood Spotlight was originally published in The Agency Report – Third Quarter. The neighborhood spotlight this quarter is on prime single-family home sales in Silver Lake-Echo Park. The neighborhood has returned to peak pre-recession levels, with 31 sales in 2013 over $1 million. While average pricing has remained consistent since 2005, average price per… Read more

Home Prices To Rise In 2014 While Sales Remain Flat, Predicts NAR

Nov. 14, 2013
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Home prices will continue to rise next year while sales hold steady, predicts the National Association of Realtors. Speaking at NAR’s annual conference, the association’s chief economist, Lawrence Yun, said that he believes existing home sales will remain relatively flat, while prices rise by 6%; considerably less than the 11% gain we’ve seen this year…. Read more

Housing Recovery Continues To Boost Economy

Apr. 23, 2013
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Sales of new homes increased 1.5% in March over February and more than 18% from a year ago. The new numbers, reported by the Commerce Department today (report-pdf), show that housing is likely to remain a driver of economic growth this year. Most analysts see greater gains ahead, as the spring buying season continues. The only… Read more

More Homes Hit The Market With Sales Highest In 3 Years

Mar. 25, 2013
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  More people put their homes on the market in February and homes sales jumped to their fastest pace in more than three years, reported the National Association of Realtors on Thursday. The number of available homes for sale rose 10% last month, said the NAR, marking the first monthly gain since April 2012. Analysts believe… Read more

Home Prices See Biggest Monthly Gain Since 2006

Sep. 5, 2012
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Industry analytics company CoreLogic released its July Home Price Index today, and the data supports what we’ve been saying here on The Agency Blog: home prices are on the rise. CoreLogic reports that nationwide home prices increased by 3.8 percent in July 2012 compared to July 2011. This marks the biggest year-over-year increase since August 2006. CoreLogic also found that home… Read more

New Report: U.S. Home Prices Rise Sharply This Spring

Aug. 28, 2012
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A new industry report from Standard and Poor’s finds that the housing market has made a significant turn for the better, and will continue to do so. The S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the U.S., jumped 6.9% this spring compared to the first three months of 2012. National… Read more

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