In weaving through the vast collection of links and articles on the internet about housing prices, real estate trends, mortgages and mortgage refinancing, and the nature of a real estate bubble (phew!) I came across a website that has a very basic and easy to understand grid of housing price trends for the largest U.S. cities. The outlook for the city I live in, Phoenix, is not looking too rosy. If I were a bettin’ man I’d look at Texas for some nice appreciation in the near future. But hey, what do i know? (Regardless, this may be a good thing to look at before you plunk down your hard earned cash on a home in the near future.)
What is HousingTracker: HousingTracker is an attempt to gain a more realtime understanding of the national housing market. For the most part, all we have to rely on the quarterly Realtor reports to get a sense of how the last quarter played out. HousingTracker data is compiled weekly from MLS listings which contains asking prices as opposed to the Realtor reported sale prices. HousingTracker gives you the 25th percentile, 50th percentile, and 75th percentile asking price for the metro areas covered. Additionally, the number of homes for sale (Inventory) for the metro area is reported.
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