Spring 2014 National Real Estate SummaryUS Market Snapshot
Housing Recovery is moving forward - steady as she goes
According to the most recent Current Market Conditions national grass roots survey conducted by HouseHunt.com, home prices continue to rise in most areas of the country with 91% of the communities surveyed showing year over year price appreciation up from 89% last quarter. However, price appreciation is slowing as only 31% of the areas reported double digit price appreciation compared to 54% in the third quarter.
HouseHunt member agents are reporting a slow down in both buyer and seller activity in the fourth quarter. Seller activity increased in only 44% of the markets compared to 49% of the markets in the third quarter. Buyer activity also slowed with 56% of the markets reporting increased buyer activity compared to 74% of the markets reporting increased buyer activity in the third quarter. The slowdown is most likely seasonal as consumer surveys are reporting high confidence by both buyers and homeowners. Buyers believe it is a good time to buy and sellers believe it is a good time to sell. Repeat buyers once again dominated the most active buyer segment with over 72% of the markets reporting repeat buyers were the primary drivers of business compared to only 22 % first time buyers. Investor activity also declined in the fourth quarter.
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