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Analysts believe that declines in the percentage of real estate-owned (REO) properties in major markets are early indications of stabilization in the real estate market. At the same time, national home prices continued to improve year-over-year.
National home prices increased 3.7% in Q309 compared to Q209 while the year-over-year price decline improved, according to real estate data provider Clear Capital. The yearly price decline was 8.4% in Q309, 1.5 percentage points narrower than the yearly decline seen in Q209.
A decline in the percentage of real estate-owned (REO) sales in major markets fueled the improved prices, Clear Capital said.
“Nationally, both the top and bottom performing markets are converging to modest quarterly changes, indicating a return to stable markets,” said Alex Villacorta Sr., a Clear Capital statistician. “As we’ve seen since the spring season, many markets have returned to traditional seasonal fluctuations and the strong summer gains are showing signs of slowing.” Source: http://www.nuwireinvestor.com/articles/national-home-prices-increase-in-third-quarter-54014.aspx
View Naples Golf Course Homes for Sale. REO property inventory continues to decline, cash buyers are increasing, and overall investor optimism are a positive sign for the recovery of the real estate market in the US. As more and more buyers sense that home prices have reached the “bottom of the market”, we could see stronger activity in real estate sales in the next few years.
High Demand along with falling listing prices has produced a rise in 3rd quarter transactions for the commercial real estate market in the US. This is the 2nd consecutive quarter that posted gains. Prices of transactions increased as well as the demand for commercial properties. Both of these indicate market confidence is on the rise could this be a sign that the market is on a rebound? View Naples Golf Course Homes for Sale
Transaction prices rose 4.4% on commercial real estate properties sold in Q309 by major institutional investors, according to the MIT Center for Real Estate (MIT/CRE).
The gain marked the first positive price change in more than a year for the Center’s transactions-based index (TBI). It is also the largest increase since before the market downturn began in mid-2007, according to MIT/CRE.
The findings indicate the US commercial property market may have reached bottom in terms of pricing, the Center said, with the price index narrowing the deficit from its ‘07 peak to -36.5% in Q309 from -39% in Q209. Source: http://www.nuwireinvestor.com/articles/us-commercial-real-estate-shows-signs-of-improvement-53994.aspx
