More and more people are starting to believe in a housing recovery. More Americans believe home prices and opportunities for buyers and sellers will increase  1.3% over the next year, according to Fannie’s April 2012 National Housing Survey. http://www.housingwire.com/news/consumer-attitudes-about-home-buying-prices-improve

A townhouse in Brooklyn Heights in New York City. (Photo credit: Wikipedia)

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The other day I was talking with my Realtor pal Mike Work and did the proverbial, “hows the market”?

He gave me his analytical assessment and then I told him I had recently had noticed  that the homes being sold are immediately coming up for rent.

So what does that mean? INVESTORS! are saving the housing market.

Stories from Arizona to Texas are populated with investors coming in to save the day. So I posited to Mike that the rents are probably going to start going up. And perhaps kick this market in the keester. As home ownership becomes more advantageous.

I just saw this story this AM from the TBWS guys. Interesting take on the rental effects on real estate and that indeed this very well may be the time to push your buyers greed button. Especially those who have been waiting for bottom.

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Logo of the National Association of Realtors. (Photo credit: Wikipedia)

Pending home sales of existing homes rose to the highest in two year. This from a recent National Association of Realtors’ latest Pending Home Sales Index.

This is the largest level Pending Index level since April 2010, which got a bump from the deadline for a federal homebuyer tax credit program was around the corner. The index was 111.3 then.The Pending index, which represents contracts signed but not yet closed, jumped a seasonally adjusted 4.1 percent from February to March, to 101.4.

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Download PDF
Key findings include:

• Price rebound: 68% say prices will be higher by the end of 2012.
• Today’s prices: 29% below the peak reached during the housing bubble.
• Demand for lower-priced properties: 80% of agents say it’s good or very good.
• Demand for homes in the middle-price ranges: 71% rate it as fair to good.
• Demand for high-priced homes: 58% call it poor to fair.

Long Awaited Housing Recovery Underway
DENVER, April 24, 2012 /PRNewswire via COMTEX/ — The housing industry is staging a recovery with increasing sales and stabilizing prices, according to a national survey of RE/MAX agents. Four out of five agents believe US home prices won’t decline …
www.marketwatch.com

Long Awaited Housing Recovery Underway
DENVER, April 24, 2012 /PRNewswire via COMTEX/ — The housing industry is staging a recovery with increasing sales and stabilizing prices, according to a national survey of RE/MAX agents. Four out of five agents believe US home prices won’t decline …
www.marketwatch.com

• here home prices are headed in 2012 (freedommortgage.com)

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From John Burns   :Over the last 3 months, prices are up in 90 of the 97 markets we analyzed. The average price increase over the last 3 months is 1.1%, or a 4.5% annual rate.

• Prices have been trending up nationally since January .
• In the last 3 months, 90 of 97 markets we analyzed appreciated.
• More markets have turned positive recently, with 93 of the 97 markets we analyzed showing appreciation over the last month.
• No other major price index has picked up on this trend yet. The National Association of Realtors did report last week that median price was up in February, but their short-term trends have been historically volatile and unreliable because of sensitivity to mix shift and seasonality (e.g., false uptick in November 2011).

NAR is reporting year over year increase of sales in February of 9.2%.

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Home sales? All signs positive
– Sales of existing homes fell 0.9 percent in February after an upward revision to the prior month, as improving job prospects, cheaper homes and warm weather led to the best start to the year since the bursting of the …
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Pending home sales for the month of January rose 2.0%. Pending home sales were up 10.3% year over year.

Homebuilders are starting to crawl out of the duldrums.

Investors Bid Up Homebuilders, Energy Stocks — Monday’s IP Market Recap
The National Association of Realtors reported that its pending home sales index rose 2% to 97 in January, a high not seen since April 2010, when it hit 111.3. Pending sales are considered an early (though not wholly accurate) indicator of home sales, …
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While homeowners are starting to spend on home upgrades.

Cramer’s ‘Mad Money’ Recap: Signs of Housing Turnaround (Final)
But most importantly, consumers are spending on their homes. Cramer said that the home improvement is on fire,

propelling Lowes (LOW) to blow away the estimates. Pending home sales for January were also on the rise, as for the first time in five years, …
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Housing sales of previously occupied homes rose in January to the highest rate in nearly 2 years. Causing many experts to speculate that the worst is behind us. Many of these experts believe housing will finally might

add to GDP for the first time in 7 years.

Beazer Homes USA Inc. (BZH) reported that orders jumped 36 percent in the final three months of 2011 from a year earlier, and closings on new houses surged more than 60 percent. The Atlanta-based builder said it expects to sell more properties this year than last.

“While our visibility into the economic conditions for the remainder of the year is limited, I believe that we will benefit from a gradually improving housing market,” Allan Merrill, chief executive officer, said on anearnings call on Feb. 2.

Luxury-home builder Toll Brothers has increased sales impressively since the start of October .

At its peak in April 2006, Toll “controlled” 92,000 building lots—a figure that has dropped to 37,500. But most of its units in 2006 represented only options. Nowadays, it owns 30,200 outright, equal to about three-quarters of the owned lots at the boom’s height, generally at more attractive values as a result of bargains or write-downs. Those write-downs have continued to depress margins and earnings, making Toll look more expensive than it may be.

Purchases rose in all four U.S. regions, led by an 8.8 percent gain in the West and a 3.5 percent increase in the South.

Inventories are the lowest in years as the number of previously owned homes on the market dropped to 2.31 million, the fewest since March 2005. At this  sales rate, it would take 6.1 months to sell those houses, the lowest since April 2006.

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Homes in foreclosure decline by 130,000 homes in 2011 and it is thought to go lower this year.

Declining US Home Values Forecasted to Slow in 2012, Says Zillow
In the fourth quarter, the rate of homes foreclosed edged upward from eight out of every 10000 homes in November to 8.2 out of every 10000 in December. However, the rate was lower than at the end of the third quarter, when 8.6 out of every 10000 homes …

It is thought the new foreclosure deals can help the current marketplace.

Mortgage deal could bring billions in relief
The settlement settles potential state charges about allegations of improper foreclosures based on “robosigning,” seizures made without proper paperwork. Most of the relief will go to those who owe far more than their homes are worth, known as being …
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