Posted on March 10, 2011 by Corey Hart
Mar

10

2011

RBI Pending Home Sales Index™ Reports a 33 Percent Jump Year-Over-Year; Home Prices Slip

Rockville, MD – (March 10, 2011) – According to data released today by RealEstate Business Intelligence (RBI), an MRIS company, the Washington, DC metro area housing market showed the largest year-over-year increase in pending home sales although housing prices remained weak.

 

“There was a 33 percent year-over-year increase in the number of contracts signed in February, the largest increase in more than a decade,” says housing market expert and RBI analyst Jonathan Miller. “The number of signed contracts remains 13.7 percent below the ten year average but activity has begun to expand.  Unusually restrictive mortgage lending conditions continue to keep housing prices in check.” 

 

Posted on March 10, 2011 by Corey Hart
Mar

10

2011

Rockville, MD (March 10, 2011) – According to data released today by RealEstate Business Intelligence (RBI), an MRIS company, the Baltimore metro area housing market showed gains in pending home sales in the first two months of 2011, reaching its highest level since April 2010 when the federal homebuyer’s tax credit expired.  However, housing prices have declined to levels last seen in 2004.

 

“Pending home sales increased 25.1 percent year-over-year in a manner consistent with seasonal expectations year to date in 2011,” says noted housing market expert and RBI analyst Jonathan Miller.  However, median sales price in February fell 9.5 percent from the same month last year.  The economic challenges of tight credit and above average unemployment levels continue to press housing prices lower.”

 

Posted on March 02, 2011 by Corey Hart
Mar

02

2011

RBI Year End Report Indicates Housing Prices Edge 2 Percent Higher as Properties Sell Faster

Rockville, MD (March 2, 2011) – RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Washington, DC metro housing market. The market area includes: Washington, DC; Montgomery County; Prince George’s County; Alexandria City; Arlington County; Fairfax County; Fairfax City; and Falls Church City.

 

“After a roller coaster ride in home sales caused by the federal homebuyers tax credit, the Washington, DC metro area housing market ended the year with about the same number of sales for 2010 as occurred in 2009,” said noted housing market expert and RBI analyst Jonathan Miller.  “Despite improved affordability from record low mortgage rates and housing prices below the peak levels of a few years ago, conservative mortgage underwriting, as evidenced by the 35 percent year-over-year increase in cash purchases, continues to keep the housing market improvement in check.”

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Posted on March 02, 2011 by Corey Hart
Mar

02

2011

New RBI Report Shows Higher Priced Detached Housing Outperforms Attached Housing Market

Rockville, MD (March 2, 2011) –  RBI, the primary source of real estate data, analytics, and business intelligence for real estate professionals in the Mid-Atlantic region, today released its 2010 year end statistical analysis for the Baltimore metro housing market. The market area includes: Baltimore City, Baltimore County, Anne Arundel County, Carroll County, Harford County, and Howard County. 

 

After numbers were tallied for 2010, units sold fell short of the 2009 total but remained relatively consistent with levels of the prior two years,” said noted housing market expert and RBI analyst Jonathan Miller.  “Because unit sales were at about half the peak levels of 2005, overall prices continued to slip.  Lower unit sales resulted from a weak employment picture and conservative mortgage lending.  There was a drop in unit sales and prices in the attached housing market sector as a result of the expiration of the federal homebuyer tax credit. In contrast, detached property prices edged higher as unit sales remained flat.”

Posted on February 10, 2011 by Corey Hart
Feb

10

2011

Rockville, MD (February 22, 2011) – Revised data released by RealEstate Business Intelligence (RBI), an MRIS company, shows an increase of 10.6% in pending sales in the January 2011 Washington, DC metro area housing market. The RBI Pending Home Sales Index™ [Washington, DC Metro Area], is a two-year moving window on the housing market using pending sales and median sales price. The results include pending sales through and including January 2011.  The market area includes: Washington, DC, Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.

 

 

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