Monthly Archives: December 2011

Wake County TMLS stats for November

Closed sales up 15%, re-sale closings up 23%, listings down 32% and pending sales up 19%. This was the fourth consecutive increase in November pending sales. Any reference to TMLS data is based on information from Triangle MLS, which neither … Continue reading

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TMLS Market Update for November

Click here to access the latest market report.

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North Carolina Population Growth

The state’s increase of about 121,000 people was the fifth-largest overall in the country per the most recent analysis of US Census data. North Carolina’s population jumped by around 18 percent, to more than 9.5 million, between 2000 and 2010, … Continue reading

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Ominous foreclosure forecast

The number of real estate-owned homes currently facing foreclosure is ‘staggering,’ according to Fitch Ratings, and disposal of distressed properties will depend largely on strategies taken by the Federal Housing Finance Agency during the next two years, National Mortgage News … Continue reading

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Freddie Mac Housing Forecast for 2012

Economic growth in the U.S. will likely increase about 2.5 percent in 2012, Freddie Mac reported in its December 2011 Economic Outlook released Dec. 14. However, new construction, including additions and alterations to existing housing, will likely only offer modest … Continue reading

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FHFA House Price Index

U.S. house prices fell 0.2 percent on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.9 percent increase in September was revised downward to reflect a … Continue reading

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Cash Closings

Hanley Wood reported that 39% of year to date closings were cash sales. NAR reported that 28% of November closings were cash. In our market, 18.5% of November closings were cash, so we are below national averages.

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National New Home Market-Commerce Department, Hanley Wood, HBA

Building permits in November increased 5.7% from the previous month to a seasonally-adjusted annual rate of 681,000 units. This is the highest building permit activity has been since March 2010. Single-family building permits increased 1.6% from the previous month to … Continue reading

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Latest on House Price Change from FHFA

U.S. house prices rose in the third quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, … Continue reading

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The latest stats from the Bureau of Labor Statistics

Real average hourly earnings fell 0.1 percent from October to November, seasonally adjusted. Average hourly earnings fell 0.1 percent, while the CPI-U was unchanged. Real average weekly earnings fell 0.1 percent over the month. On a seasonally adjusted basis, the … Continue reading

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