All the Real Estate News That’s Fit to RE-Print™

Welcome to our weekly edition of Real Estate Investing News This Week. We have lots of very good real estate news this week. Highlights include:

• The Case-Shiller Indices Post Record Monthly Gains

• Over One-Third of Markets Are More Than Halfway Recovered

• The Housing Recovery Passes 60% for First Time Since Crash

• Delinquency, Foreclosure Rates Decrease to Post-Crisis Lows

• The Pending Home Sales Index Jumps in May

We hope these real estate news items help you stay up-to-date with your real estate investing strategies and inspire some profitable real estate deals for you.

Case-Shiller Indices Post Record Monthly Gains

According to the Case-Shiller Home Price Indices released Tuesday, average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013. From March to April, the 10- and 20-City Composites rose 2.6% and 2.5%.
All 20 cities and both Composites showed positive year-over-year returns for at least the fourth consecutive month.

See Also:

• Case-Shiller Indices Post Record Monthly Gains

• S&P/Case-Shiller: All 20 cities post annual gains

Over One-Third of U.S. Markets More Than Halfway Recovered

By Nicole Selvaggi:
“According to the latest Homes.com Rebound Report, 35 of the top U.S. markets showed more than a 50% rebound in the price decline attributable to the Great Recession – up from the 28 markets in last month’s report. That is now over a third of the top U.S. markets that are more than halfway recovered….”

Trulia: Housing Recovery Passes 60% for First Time Since Crash

By Jed Kolko, Chief Economist
“Trulia’s Housing Barometer shows that the market was 61% back to normal in May, up from 54% in April. The recovery is now in its teenage years: awkward growth spurts and on the verge of having to support itself.”

Delinquency, Foreclosure Rates Decrease to Post-Crisis Lows in May

By Esther Cho:
“The national delinquency rate and foreclosure inventory rate each fell to post-crisis lows in May, Lender Processing Services (LPS) reported Tuesday.
At 6.08 percent, the national delinquency rate in May stood at the lowest level since May 2008, when the rate was 5.96 percent.
Month-over-month, the delinquency rate decreased 2.1 percent from April and plunged 12 percent from May 2012….”

Pending Home Sales Index Jumps in May

By Mark Lieberman, Five Star Institute Economist:
“The Pending Home Sales Index (PHSI) rose 6.7 percent in May to 112.3, its highest level since December 2006, the National Association of Realtors, which compiles the index, reported Thursday. Economists expected the index to improve 1.0 percent to 107.1 from April’s 106.0. In December 2006, the index was 112.8.
The May increase was larger than forecast in part because April’s index was revised downward to 105.2.
The improvement in the PHSI followed a series of favorable housing reports in the past two weeks: the National Association of Home Builders reported its Housing Market Index was positive (over 50) in June, the NAR reported May existing-home sales rose 4.2 percent in May, and new home sales rose 2.1 percent in May.”