According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit.
Homebuilder confidence is soaring, reaching levels not seen in more than 4 years.
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac.
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.