X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Trulia, Inc., a leading online marketplace for home buyers, sellers, renters, and real estate professionals, has released the latest findings from the Trulia Price Monitor and the Trulia Rent Monitor. These indices are the earliest leading indicators available of trends in home prices and rents. Based on for-sale homes and rentals listed on Trulia, the monitors take into account changes in the mix of listed homes and reflect trends in prices and rents for similar homes in similar neighborhoods through October 31.

In October, asking home prices increased 0.6% month-over-month (M-o-M), the second-slowest monthly gain in seven months. This continued slowdown in asking prices is largely due to expanding inventory, rising mortgage rates, and declining investor activity. Asking prices could potentially slow further if consumer confidence suffers from the ongoing budget uncertainty and future shutdown and debt-default worries. Nevertheless, the monthly, quarterly, and yearly gains are all still high compared with historical norms. In fact, asking prices rose 11.7 % year-over-year (Y-o-Y) – the highest increase since the housing bubble burst.

 

October 2013 Trulia Price Monitor Summary

   

% change in asking prices

 

# of 100 largest metros with asking-price increases

 

% change in asking prices, excluding foreclosures

Month-over-month,seasonally adjusted

 

0.6%

 

Not reported

 

0.1%

Quarter-over-quarter,seasonally adjusted

 

3.1%

 

91

 

2.6%

Year-over-year

 

11.7%

 

99

 

11.8%

*Month-over-month change is October versus September. Quarter-over-quarter and year-over-year changes are three-month averages. Data from previous months are revised each month, so data being reported now for previous months might differ from previously reported data.

 

Election Day Special: Contrasting Housing Recoveries in Red vs. Blue America

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.