Wordless Wednesday... Barrington RI Gazebo. Here come the ducks and geese... The fish are here, now it's a party... Turtles too? Now things are getting out of hand... SaveSave
Here are some pretty pictures taken during a calm evening at Barrington Beach. This home right on the beach is for sale. The giveaway that I am not a real estate agent is that a real estate agent wouldn't have taken a shot that had a bush blocking off a whole section of the home...
Keeping you updated on the market! For the week of October 8, 2012 MARKET RECAP At the beginning of the year, we were in the minority: we thought 2012 would see improving home prices in more metropolitan markets across the country. We've been surprised on the price front, and delightfully so, because we didn't expect the price recovery to be as pervasive and as strong as it has been. What's more, the data on pricing continue to point to higher home prices in even more markets. Indeed, CoreLogic's Pending Home Price Index for August shows that home prices rose 4.6% year over year, posting the biggest annual increase since 2006. Looking at monthly data, August posted a 0.3% increase over July, which marks the six-consecutive monthly increase. Additional price data from Trulia show tha...
Keeping you updated on the market! For the week of May 28, 2012 MARKET RECAP As each week passes, the data on housing becomes more encouraging. This past week's data added to the good feelings. Existing homes sales continue to post monthly gains, rising 3.4 percent in April to an annualized rate of 4.62 million units. If you go back to July 2011, you'll see a trend that is very noticeably up, with monthly sales trending 15-percent higher over the time period. Perusing the existing home sales data a little deeper, we find many encouraging details. When local market prices are aggregated into the national number, we find the national median price has increased to $177,400 – a 10.1 percent improvement over the national median price in April 2011. Strengthening home prices are surel...
Keeping you updated on the market! For the week of February 27, 2012 MARKET RECAP So are things getting better or worse? We ask because the latest data on existing-home sales fail to provide a definitive answer. Sale were up once again, increasing 4.3 percent to a 4.57 million annualized rate in January, which, in turn, dropped supply to 6.1 months, the lowest inventory level in three years. The fact that existing-home sales are rising is good news. The not-so-good news is that sales appear to be driven by discounting. The national median price fell 4.6 percent to $154,700, while the national average price dropped 4.0 percent to $201,200. In short, existing-home sales are trending higher, but the trend is being fueled in part by price discounting – at least at the national level...
Keeping you updated on the market! For the week of February 6 , 2012 MARKET RECAP Some weeks we feel like Sisyphus: We push the boulder up the hill only to have it roll back down again. This is one of those weeks. Home prices, which were pushed higher through the first nine months of 2011, began rolling back in the fourth quarter of 2011. Unfortunately, it appears they are not finished rolling. The latest price data from CoreLogic certainly isn't encouraging on that front. CoreLogic's home price index shows that home prices fell 4.7 percent in 2011, thus marking the fifth-consecutive yearly drop. The positive takeaway is that when distressed properties are excluded, home prices only dropped 0.9 percent. The unfortunate takeaway is that CoreLogic sees distressed properties exerti...
Keeping you updated on the market! For the week of January 30 , 2012 MARKET RECAP The data on housing were mixed this past week, but we would say that, for the most part, they listed more positively than negatively. Last Friday, the NAR reported sales of existing homes rose 5 percent to an annual rate of 4.61 units in December. This marked the third-consecutive month of sales growth. This latest increase helped reduce inventory to 2.38 million units, the equivalent of a 6.2-month supply at December's sales pace. Pricing was the one bugaboo in the NAR's data. The median price for an existing home was $166,100 for 2011, a 2.5 percent drop from 2010 and the lowest median price since 2002. This is a disappointment, but hardly a disaster. We’ve said many times that national numbers u...
