Welcome!

Machine Learning Authors: Liz McMillan, Yeshim Deniz, Pat Romanski, Elizabeth White, Corey Roth

News Feed Item

Home Prices Up 10% Year over Year in November As Inventory Sees its Largest Drop in 2012 in Redfin Real-Time Home Price Tracker

Sales Volumes Followed Path Predicted in Redfin's October Real-Time Demand Pulse

SEATTLE, Dec. 21, 2012 /PRNewswire/ -- Technology-powered real estate broker Redfin (www.redfin.com) today released its Real-Time Home Price Tracker for November 2012, showing home prices increasing 10.1 percent year over year with a 2.2 percent month-over-month increase across 19 major U.S. markets. Inventory continued its long decline, falling 30 percent from November 2011—the largest drop so far this year. The report also showed:

Sales volumes dipped as predicted:

Home-selling velocity reached a plateau:

  • The percentage of listings that sold within 14 days of their debut was flat at 28.2%.

This report is the earliest monthly analysis of home prices, sales and inventory across 19 U.S. markets, published weeks before any other index, based on the local databases used directly by Realtors to list properties and record sales. Click the following link to read the complete Redfin Real-Time Home Price Tracker. http://blog.redfin.com/?p=10329

Market-Specific Highlights and Lowlights:

Sales Volumes

  • Sacramento saw the biggest gains, with home sales up 39 percent from November 2011.
  • Long Island's sales volumes took the hardest hit with a 26 percent drop from a year earlier.

Home Prices

  • Each of the 19 cities measured saw home prices rise year over year; sixteen saw month-over-month home price increases.
  • Phoenix once again led the price gains with a 34 percent year-over-year increase.

Inventory

  • Inventory fell to fewer than 180,000 total listings across the 19 metro areas studied.
  • The top seven markets with the largest year-over-year drop in inventory were all in California: Sacramento (-68.2%), Ventura (65.1%), San Francisco (62.1%), San Jose (-62.0%), Los Angeles (-57.4%), Inland Empire (-56.4%) and San Diego (-54.2%).
  • The market with the smallest year-over-year drop in inventory was Phoenix with 3.2% fewer homes for sale than last year.

Selling Velocity

  • The top five fastest-selling markets (% of homes selling in two weeks or less) are all in California: San Jose (59.0%), San Francisco (49.5%), Ventura (47.6%), Los Angeles (43.1%), San Diego (40.0%) and Inland Empire (37.3%).
  • The slowest-selling market is Boston, with only 4.1% of homes selling in 14 days or less.

About the Real-Time Home Price Tracker
As a broker with access to dozens of Multiple Listing Services (MLSs) used by real estate agents to list properties and record sales, Redfin gets data within minutes of a sale, pending sale or listing activation, well before any government, media or analytics organization. Using MLS fields, Redfin is able to distinguish houses from condominiums and townhouses, which often sell for less money. To validate the accuracy of the data and to account for sales not handled by a real estate agent, Redfin compares MLS data with county records as they become available, using sophisticated algorithms to identify and resolve disparities about square footage or price for each address. Data at the local and neighborhood level are available in a spreadsheet, and the report methodology is available as an Adobe document.

About Redfin
Redfin (www.redfin.com) is a technology-powered real estate broker that represents people buying and selling homes. Founded and run by technologists, Redfin, has a team of experienced, full-service real estate agents who are advocates, not sales-people, earning customer-satisfaction bonuses, not commissions. Redfin's online tools feature all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. The company serves 19 U.S. markets, and has closed more than $5 billion in home sales. Follow us on blog.redfin.com or @redfin.

SOURCE Redfin

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

CloudEXPO Stories
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Digital Transformation is well underway with many applications already on the cloud utilizing agile and devops methodologies. Unfortunately, application security has been an afterthought and data breaches have become a daily occurrence. Security is not one individual or one's team responsibility. Raphael Reich will introduce you to DevSecOps concepts and outline how to seamlessly interweave security principles across your software development lifecycle and application lifecycle management. With these new automated application security methodologies, organizations will be able to minimize their risk with digital transformation & migration to the cloud, comply to new regulations, and prevent data breaches from ever happening.
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will detail these pain points and explain how cloud can address them.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Get started on automating your way to a brighter future!