Fannie Mae sees housing upturn as 'intact'

http://www.inman.com/news/2013/03/28/fannie-mae-sees-housing-upturn-intact

Home prices post sharp increase in January

http://www.latimes.com/business/la-fi-mo-home-prices-20130326,0,3208927.story

By Alejandro Lazo

March 26, 2013, 6:49 a.m.

 

A leading index of home prices in 20 American cities recorded a sharp 8.1% year-over-year increase in January, underscoring the vigor of the recent housing recovery.

It was the biggest increase for the Standard & Poor’s/Case-Shiller index in more than six years. All 20 of the cities posted year-over-year gains, with Phoenix posting the largest increase: 23.2%.
In California, Los Angeles was up 12.1%, San Diego, 9.8%, and San Francisco, 17.5%.
“This marks the highest increase since the housing bubble burst,” said David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices.
The home price gauge was essentially flat, up 0.1%, from the prior month.
The increase in home prices is part of a broader recovery in housing that began last year. Single-family home building permits and housing starts have also shown improvement recently, while foreclosure filings have waned.

April 2013 University Park Trailing 90 Days MLS Activity

Available:
5 homes with average asking price per square foot $335 and average days on market of 26.

In Escrow:
12 homes with average asking price per square foot of $327 and average days on market of 37.

Closed:
3 homes with average sold price per square foot of $299 and average days on market of 66.

See more 90 day trend information at: 90 Day Trailing MLS Statistics.

April 2013 University Town Center 90 Days MLS Activity

Available:
1 homes with average asking price per square foot $433 and average days on market of 11.

In Escrow:
4 homes with average asking price per square foot of $356 and average days on market of 16.

Closed:
5 homes with average sold price per square foot of $361 and average days on market of 54.

See more 90 day trend information at: 90 Day Trailing MLS Statistics.