News Archive: house prices

15, 2012 May:

What’s happened in Vegas?

At the end of 2011, Las Vegas' housing market looked set to be on the rebound, with investors taking a gamble on the foreclosure-hit state. Sales were up by 18 per cent in February 2012, according to the Las Vegas Association of Realtors, while sales continued to climb in March as prices stayed low. But now mixed signals are coming from different reports.

California property officially the most affordable its ever been

California housing has never been more affordable in the history of US real estate, according to the California Association of Realtors.

14, 2012 May:

Global prime property prices suffer first fall since 2009

The average price of prime property around the globe fell for the first time since 2009, according to Knight Frank.

11, 2012 May:

High demand and limited supply drive Miami prices up

Limited housing supply and heightened demand drove Miami property prices up in the first quarter of 2012, reveals the Miami Association of Realtors. The association's report shows that despite short sales and bank-owned properties continuing to account for a significant percentage of closed home sales, average sales prices are getting higher.

10, 2012 May:

US market is at bottom, says mortgage expert

A mortgage expert has added his voice to the crowd of experts saying that America's housing market is reaching its bottom.

US house prices up for third month in a row

House prices in America are less than 1 per cent below 2011 levels, according to the latest CoreLogic report, as values increased in March for the third month in a row.

30, 2012 April:

Is America's recovery the real deal?

Yale economics professor Robert Shiller stated last week that the US housing recovery could take an entire generation, with low confidence, high living costs and increasing unemployment all deterring buyers. But Shiller may be about to be proven wrong, as a torrent of new reports suggests that US real estate is ready to bounce back from the brink of collapse. Is America's recovery the real deal?

27, 2012 April:

London "super-shed" costs more than house

A London shed has gone on sale this week for a higher price than most houses. It may appear to be your average back garden building but the property, located in London's expensive Highgate, aspires to be as classy as the full-sized homes around it. Dubbed a "super-shed", the tiny brick structure spans 250 square feet and has a kitchenette, a shower, multiple skylights... and an asking price of £260,000.

25, 2012 April:

US house prices hit lowest level since 2002

US house prices have reached the lowest level in 2002, according to a new report. The S&P/Case-Shiller report, released yesterday, revealed that while new-home sales fell by 7.1 per cent in March, the composite of 20 cities' prices fell 3.5 per cent from 2011 - the lowest level since October in 2002.

24, 2012 April:

US sales drop in March as prices stabilise

Existing-home sales were down in March but continue to outpace 2011, while inventory tightened and home prices showed further signs of stabilizing, according to the National Association of Realtors.

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