Home prices keep moving upwards

From HousingWire:

CoreLogic: Home prices maintain pace, increase 6.3%

Home prices nationwide, including distressed sales, posted similar results to last month, increasing year-over-year by 6.3% in December 2015 compared with December 2014, according to the most recent report from housing data and analytics provider, CoreLogic.

On a monthly basis, home prices are up 0.8% in December 2015 compared to November 2015.

“Nationally, home prices have been rising at a 5% to 6% annual rate for more than a year,” said Frank Nothaft, chief economist for CoreLogic.

“However, local-market growth can vary substantially from that. Some metropolitan areas have had double-digit appreciation, such as Denver and Naples, Florida, while others have had price declines, like New Orleans and Rochester, New York,” said Nothaft.

Looking ahead, CoreLogic’s HPI Forecast predicts that home prices will increase by 5.4% on a year-over-year basis from December 2015 to December 2016, and on a month-over-month basis home prices are expected to increase 0.2% from December 2015 to January 2016.

This entry was posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate. Bookmark the permalink.

71 Responses to Home prices keep moving upwards

  1. Raymond Reddington says:

    First..

  2. Raymond Reddington says:

    Damn. Beat by a second… Second..

  3. plume, it’s always a good time to bash Arsenal. At least we signed Shelvey, Townsend and Doumbia, got rid of Thauvin and are making some sort of effort to avoid the drop.

    OTOH, Wanker and his crew have played the same game for the past 19 years. Tactics never change, no clue defensively, no change in anything. Worst of all, a stiff like Walcott (on 140K pounds a week) still gets referred to as a ‘promising young player’.

  4. 1987 Condo says:

    Downside of Regionalization of school district?

    Terry Deakyne loves living on Long Beach Island, a summer haven at the Jersey Shore where the number of families staying year-round has dwindled over time.

    Two of his children cross the bridge to the mainland for public school in Stafford Township, like about 100 other teenagers on the island. The price that Long Beach Township shells out annually for their education: more than $200,000 per student.

    To Mr. Deakyne, who owns a surf shop, that is money well spent, and he says his property taxes aren’t that high. “It takes a village to raise a child,” he says.

    But many island residents balk at what they see as an unfair burden, especially since Stafford Township pays only $3,621 per student for the same regional district.

    “You can educate a kid at Harvard cheaper than you can across the bridge,” says Deborah Whitcraft, a former mayor of Beach Haven, another town on Long Beach Island. “It’s a huge issue and it’s only going to get worse.”

    http://www.wsj.com/articles/regional-schools-uneven-per-pupil-costs-get-scrutiny-1454361889

  5. Grim says:

    Declare the island a retirement community, problem solved.

  6. chicagofinance says:

    When was the last time the word “promising” was used to describe you?

    Splat What Was He Thinking says:
    February 3, 2016 at 7:10 am
    Worst of all, a stiff like Walcott (on 140K pounds a week) still gets referred to as a ‘promising young player’.

  7. chicagofinance says:

    Public Servants (clot Edition):
    A high-school boy jumped to his death in front of a Metro-North train in The Bronx Monday — but a cruel MTA worker seemed to care only about the troubled teen making his train late.

    “Some guy got killed! I hope the motherf–ker suffered!” the employee declared over a hot mike in a pronouncement clearly audible to passengers on a train stuck at Grand Central Terminal due to the suicide.

    Some commuters were so shocked at hearing the callous comments they sent out tweets and texts ­expressing their dismay.

    “You know how sometimes conductors talk to each other but it’s transmitted to the entire train?” one man wrote to his daughter in a text.

    “I hear the mic key up followed by a train wide broadcast in the most Bronx accent ‘yeah I think some guy got killed, I hope he suffered like a motha­f–ker.”

    Twitter user Miriam Ward recalled hearing “I hope the motherf–ker suffered” and responded by putting up “#speechless.”

    The unidentified worker’s ire was raised when the teen — who was a student at Fordham Prep — leaped in front of the train at 3 p.m. near the Botanical Gardens Station, just north of the intersection of Doctor Theodore Kazimiroff Boulevard and Bedford Park Boulevard. He was killed instantly.

    The incident caused massive delays throughout the afternoon and evening.
    MTA officials said they are investigating.

    “Such language and sentiment has no place on Metro-North Railroad,” said spokeswoman Mere­dith Daniels. “We are aware of these allegations and are looking into them.”

    The student was the second from Fordham to be hit and killed by a train in a month. The other was hit by a Hudson Line train at the Philipse Manor station in Sleepy Hollow on Jan. 18.

  8. chi (7)-

    Pretty sure it was when I was 8 or 9.

  9. chi (8)-

    Sorta sounds like ‘bitch had it coming’…

  10. Ragnar says:

    I only played soccer in PE 35 years ago, and never really watched it. I’m gradually figuring out what you guys are talking about by playing FIFA 16 on my PS4.

  11. Rags, Walcott is the one with glass legs.

  12. Comrade Nom Deplume, Assistant Deputy Copyrewriter, Ministry of Love says:

    [8]

    It’s easy to be callous toward the unknown, faceless whose demise is often for reasons unknown. And when you think about it, if it was a suicide, offing yourself by jumping in front of a train is an incredibly selfish, thoughtless act. Sorry, it just is. It’s a last primal scream of “You wouldn’t pay attention to me so I am going to fcuk up your day with my death.” Callous as the comment was, I can understand why he’d be at least a bit annoyed.

    I was on one of those trains once (an Amtrak regional that some guy in PA decided to use instead of a discreet and private gun), and while I didn’t have the motorman’s reaction, I was, on some level, briefly annoyed that he chose my train. Sympathy and annoyance are not mutually exclusive emotions.

  13. Comrade Nom Deplume, Assistant Deputy Copyrewriter, Ministry of Love says:

    [4] splat,

    Don’t get me wrong, I love bashing the gooners here (really, the only reason I am down on the gooners has to do with one person. Otherwise, I probably wouldn’t care about them; it’d be like bashing ManC) but it just isn’t that much fun when your side is facing the abyss again and UK folks you meet offer you sympathy.

    To paraphrase H.L. Mencken, the only way one should look at Fabian is down. Unfortunately, that’s hard to do when the conversation is about the prem.

  14. I don’t think we’re going down this year, plume. We can come out of the drop zone today.

    Like the new signings a lot. Townsend is pure theft.

  15. The best thing about this season is the distinct probability that Spurs will finish above the Gooners.

  16. Comrade Nom Deplume, Assistant Deputy Copyrewriter, Ministry of Love says:

    So much for a market bounce. It bounced right out the window.

  17. I just saw an article(didn’t read it) on Yahoo titled, How much longer can this bull market last?

    Uhhh…until May 2015?

  18. yome says:

    Donald Trump nominated for a Nobel Peace Prize. Now this is far out.

  19. The Great Pumpkin says:

    And it will bounce right back. Like I said a few weeks ago, expect a volatile year so the big boys can make their money. What do I mean, they are killing it on these swings. Shorting it down, buying it back at a cheaper price, and doing this over and over again until we see growth in the last qt.

    The Original NJ ExPat says:
    February 3, 2016 at 10:44 am
    I just saw an article(didn’t read it) on Yahoo titled, How much longer can this bull market last?

    Uhhh…until May 2015?

  20. FKA 2010 Buyer says:

    I knew a few people who got into flipping around 2000. They were part of the perfect storm that was happening. Easy money (or could have used hard money), raising home prices and plenty of eager buyers to bail them out. It’s (flipping) all fun and games until someone get’s a eye put out (the RE market collapses).

    The good times are over: Luxury apartment flippers are getting left flat on their backs

    ‘Everybody’s retirement plan’

    A flip isn’t defined by an exact time period, but most brokers would consider it buying and selling for a profit within a year or two (the legal definition technically refers to a much rarer occurrence of reselling a signed contract before the deal has closed). Friends and family members of developers, along with real estate brokers and savvy investors, have been flipping for decades.

    “In the ’80s, this was everybody’s retirement plan,” said Jonathan Miller, head of appraisal firm Miller Samuel.

    What makes for a good flip varies. The most common explanation for big deals is the simplest: Developers discount some units by as much 30% to entice early buyers. In exchange, builders get something even more valuable.

    http://www.crainsnewyork.com/article/20160131/REAL_ESTATE/160129830/the-good-times-are-over-luxury-apartment-flippers-are-getting-left

  21. Fast Eddie says:

    Donald Trump nominated for a Nobel Peace Prize. Now this is far out.

    They gave the d1ck in the White House one and not only is he a rac1sts but has made overt statements supporting the fact.

  22. Ragnar says:

    Affirmative action at the Nobel committee. O got his for being black, Trump could get one for having ADHD.

  23. Juice Box says:

    I may not make it to election day if this keeps up.

  24. FKA 2010 Buyer says:

    Move along, nothing to see here…..

    Fannie Mae Rolls Out Easy Mortgage, Catering To High-Risk Immigrants

    Subprime 2.0: The White House is rolling out a new low-income mortgage program that for the first time lets lenders qualify borrowers by counting income from nonborrowers living in the household. What could go wrong?

    The HomeReady program is offered through Fannie Mae, which is now controlled by Obama’s old Congressional Black Caucus pal Mel Watt. It replaces the bankrupted mortgage giant’s notorious old subprime program, MyCommunityMortgage.

    In case renaming the subprime product fails to fool anybody, the affordable-housing geniuses in the administration have re-termed “subprime,” a dirty word since the mortgage bust, “alternative.”

    So HomeReady isn’t a subprime mortgage program, you see, it’s an “alternative” mortgage program.

    http://www.investors.com/politics/editorials/government-wants-to-lend-more-to-high-risk-immigrants/

  25. FKA 2010 Buyer says:

    Mandatory sentencing has messed up plenty of people’s life’s. Hopefully she will be able to transition back into society.

    The hardest choice Demaryius Thomas’ mom will make

    http://espn.go.com/nfl/story/_/id/14687893/demaryius-thomas-mother-makes-hard-choice-super-bowl

  26. yome says:

    Cruz told Iowa Carson is quitting and vote for Cruz. Is this legal? Did Cruz win Iowa by getting Carson’s vote?

  27. D-FENS says:

    @realDonaldTrump

    During primetime of the Iowa Caucus, Cruz put out a release that @RealBenCarson was quitting the race, and to caucus (or vote) for Cruz.

  28. The Great Pumpkin says:

    Nice share, essex. This post hits the nail on the head with how the game is rigged. Who else could get away with paying workers wages so low that they can’t even survive on them?

    Essex says:
    February 3, 2016 at 12:54 am
    “The major welfare abuser in America is the wealthiest family in America, the Walton family,” Sen. Bernie Sanders says, referring to founders of Wal-Mart Stores.

    Walton family demonstrates nation’s “rigged” economy in that Wal-Mart doesn’t pay its employees a “living wage,” forcing many workers to turn to food stamps, Medicaid and subsidized housing funded by taxpayers, the Democratic presidential candidate says at campaign event in Keene, N.H.
    “I say to the Walton family, get off of welfare. Pay your workers a living wage”

  29. Juice Box says:

    Re: #26- Dirty tricks already? Smells of despiration.

  30. Libturd supporting the Canklephate says:

    I’ve been on two euthanizing trains. They really suck for the commuter. I have little sympathy for the jumper much like the conductor, engineer or dispatcher did in this case. If you are the engineer and you witness the jumper, you are subjected to endless amounts of psychological testing before you can drive again. If you are a commuter, you will be getting home no less than 90 minutes later than usual as they won’t move that train until the investigation is completely. As you are switched to another train, you are able to see the whole grim scene.

    Let the pussification of America continue.

  31. D-FENS says:

    I am reminded of the incredibly ironic case where they former NYPD police officer jumped in front of a NJ Transit train, after fatally stabbing his girlfriend, then sued NJ transit…I guess because like…trains that you can jump in front of are dangerous….or whatever.

  32. D-FENS says:

    Correction…wrong train…he sued MTA.

  33. NJGator says:

    Grim 6 – Can they pull out of the regional district and just pay to send all the kids to private schools? That would have to be significantly cheaper.

  34. Raymond Reddington formerly Phoenix says: says:

    32.
    Maybe seeing the whole grim scene is a good thing…

  35. Raymond Reddington formerly Phoenix says: says:

    35. The ones that are probably complaining the most are the ones that don’t have children to pull out of anywhere….

  36. Raymond Reddington formerly Phoenix says: says:

    34.
    Blame that on the fact that in Amerika you can sue anyone for anything at anytime- with the ability to find a streetwalker willing to take the case…

  37. Raymond Reddington formerly Phoenix says: says:

    13 CMD,
    It was PA, hmmm.
    In NJ, I would have said maybe he could not get a gun to off himself….

  38. 1987 Condo says:

    #35..they probably would want to but since they pay 80% of the school budget the other town is going to have a problem…..

  39. Raymond Reddington formerly Phoenix says: says:

    26.
    Someone needs to come up with an app that can detect liars with 100% accuracy.
    Time for a kickstarter campaign…

  40. D-FENS says:

    Cruz busted the myth that you can’t mess with the ethanol lobby and still win Iowa.

    http://www.washingtonexaminer.com/cruz-kills-the-ethanol-lobby/article/2582213

  41. D-FENS says:

    Vote for Cruz…and your weedwacker’s carburetor will not rot from the inside out…yay

  42. 1987 Condo says:

    #43..can he make that change by EO? Usually this thing called Congress gets in the way of many of these promises the candidates make.

  43. Raymond Reddington formerly Phoenix says: says:

    43. When the price of oil is in the toilet who cares about ethanol? It has more problems and less BTU/gal than gas.
    It is a usable backup fuel in the event of world issues, however. Couple of missiles get lobbed around and it might be something valuable again..

    Iowans will do fine without ethanol anyway. So many uses for corn. They can also switch to soybeans if they want.
    If you look at the demographics and the issues of Iowans, corn is only one issue (money).
    Religion, Obamacare, Welfare, Border Security, Gun Control, Immigration weigh just as much or more than corn does on their minds….

  44. D-FENS says:

    44 – I think the point is, if you don’t kiss their butts…it’s not the kiss of death.

  45. D-FENS says:

    45 – it doesn’t matter what we need or what we want….it’s the law. You are forced to put it into your car.

  46. D-FENS says:

    because….good intentions. That’s why.

  47. Comrade Nom Deplume, the anon-tidote says:

    [23] ragnar,

    “Affirmative action at the Nobel committee. O got his for being black, Trump could get one for having ADHD.”

    LMAO. I’m stealing that joke.

  48. Comrade Nom Deplume, the anon-tidote says:

    [39] raymond

    “In NJ, I would have said maybe he could not get a gun to off himself….”

    Drive over to PA. Can’t get a handgun but pretty sure you can get a rifle private sale. I did.

  49. A bear market usually lasts 9-18 months and will pull back either 25%, 33%, or 50%. A downtrend consists of lower highs and lower lows. Look at a weekly chart for the S&P 500

    Highs, week of
    ——————
    2134, 5/18
    2132, 7/6 (lower high)
    2116, 11/2 (lower high)
    2104, 11/30 (lower high)
    2057, 12/28 (lower high)
    1940, last week

    Lows, week of
    ——————–
    2072, 6/8
    1867, 8/24 (lower low)
    1871, 9/28 (tie?)
    2019, 11/16
    2010, 12/21
    1812, 1/18 (lower low)

  50. D-FENS says:

    how I long for the days when you could buy a chinese surplus sks or post war m1 garand from the local hardware store.

  51. Small engine repair guys love ethanol.

    Vote for Cruz…and your weedwacker’s carburetor will not rot from the inside out…yay

  52. Libturd supporting the Canklephate says:

    “Vote for Cruz…and your weedwacker’s carburetor will not rot from the inside out…yay”

    He’s got my vote. Bernie who?

  53. ccb223 says:

    1987 Condo – interesting article. My beach house is in LBI, no kids yet so put me in the “screwed” camp but whatever, cost of doing business, everybody buying on the Island knows what they are getting into. Caveat Emptor. If you can’t afford the taxes, don’t buy.

  54. joyce says:

    Didnt the law change a few years ago where towns were no longer allowed to pay the per pupil rate of the neighboring town where they bussed the kids?… resulting in situations like this

  55. chicagofinance says:

    CDC (jj Edition):
    Texas Patient Gets Zika Virus Though Sexual Contact
    2/3/2016 7:47AM
    A person in Texas has contracted the Zika virus through sexual contact, according to the Centers for Disease Control and Prevention. The individual was a sexual partner of another individual who had recently traveled to an area where Zika is circulating and tested positive for the virus after returning home. Photo: Reuters

  56. Fabius Maximus says:

    #4 Clot,

    They can join Mitrovic firing blanks on a weekly basis. Townsend is a nice player, but your problems are on the other end of the pitch.

    One nil down at Half Time, normal service has been resumed.

  57. Fabius Maximus says:

    Santorum out, Rand Paul out and Trump wants a do-over.
    http://www.bbc.com/news/world-us-canada-35486983

  58. Libturd on vacation through Tuesday beyatches says:

    Bernie raised 3 million today. Goodbye machine candidates and their loyally stupid followers.

  59. chicagofinance says:

    Too bad your father didn’t shoot blanks…….

    Fabius Maximus says:
    February 3, 2016 at 3:55 pm
    #4 Clot,

    They can join Mitrovic firing blanks on a weekly basis.

  60. The Great Pumpkin says:

    “The discomfort of peering over the wealth gap—as well as insecurities about how money can change people and affect relationships, especially in the wake of the financial crisis—helps explain why affluent people are turning to therapy to discuss their First World problems in private and why banks are incorporating wealth therapy into services for high-net-worth families. ‘Either there are more problems or there’s more recognition for those problems,’ says Madeline Levine, a wealth therapist and author of The Price of Privilege.”

    http://www.bloomberg.com/news/articles/2016-02-03/mo-money-mo-problems-the-rise-of-wealth-therapy

  61. The Great Pumpkin says:

    Wow!! Can he take down the witch?

    Libturd on vacation through Tuesday beyatches says:
    February 3, 2016 at 5:35 pm
    Bernie raised 3 million today. Goodbye machine candidates and their loyally stupid followers.

  62. The Great Pumpkin says:

    “For decades, we have been training our young people to have the goal of “getting a job” once they get out into the real world. But in America today there are not nearly enough good jobs to go around, and this crisis is only going to accelerate as we move into the future.

    I do not believe that it is wise to pin your future on a corporation that could replace you with a foreign worker or a machine the moment that it becomes expedient to do so. We need to start thinking differently, because the paradigms that worked in the past are fundamentally breaking down.

    So what advice would you give to a young adult today that is looking toward the future?”

    http://www.washingtonsblog.com/2015/10/goodbye-middle-class-51-percent-of-all-american-workers-make-less-than-30000-dollars-a-year.html

  63. Pumps – How did you manage to evade that program?

    “For decades, we have been training our young people to have the goal of “getting a job” once they get out into the real world.

  64. The Great Pumpkin says:

    Hope your daughter’s education pays off, being that 70% of the working population makes 40,000 or less. If they don’t find a job in that 30% margin, remember all those great pumpkin posts you would mock.

    The Original NJ ExPat says:
    February 3, 2016 at 7:51 pm
    Pumps – How did you manage to evade that program?

    “For decades, we have been training our young people to have the goal of “getting a job” once they get out into the real world.

  65. Raymond Reddington formerly Phoenix says: says:

    Pumps,
    An analogy.
    Old goats is to young kids as rich is to poor….

  66. gluteus (58)-

    Mitrovic is not on 140K pounds/week wages. He also doesn’t have glass knees.

  67. Ragnar says:

    D-FENS,
    I sense the hillary ad was targeting a specific race.

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