This is an interesting overview from Real Trends...
The Week in Review
By Steve Murray
Housing Sales Jump in February
In advance of the REAL Trends Housing Market Report coming out later this week there is abundant evidence that housing sales both written and closed jumped substantially in most markets around the country. A meeting last week with the CEO’s of the Trendsetters, 12 major regional firms, indicates that sales jumped in double digits in 10 of the twelve markets with some markets showing twenty percent increases.
In just one market, Denver, nearly 40 percent of all listings on the MLS were placed under contract in February. Sales were up in double digits over both last February and from January 2012. Essentially homes priced under $300,000 (approximate) are nearly gone as soon as they are listed.
CoreLogic and Case Shiller Report Continued Challenges in Housing
Core Logic said that home price declines had increased the number of homes with negative equity to nearly 11.1 million homes. Case Shiller said that continued downward pressure on home prices (from fourth quarter of 2011) have brought home prices down to levels not seen since 1998-1999.