Bear with me, I’m really not an ego-maniac, it’s just so infrequently that anyone of any real authority, or with “PhD” behind their name, agrees with me, that when it does happen I have to sound the horns and bask in the glory for the second or two it lasts!
|
|||||
 |
Dennis Norman Today the Federal Housing Finance Agency (FHFA) reported that U.S. home prices rose 0.3 percent on a seasonally-adjusted basis from June to July and are down 4.2 percent for the past year. Many of the reports I’ve seen in the press on this are saying this is a sign of the housing market recovering: The Wall [...] Today the S&P/Case-Shiller Home Price Indices report was released which showed the S&P/Case-Shiller U.S. National Home Price Index recorded a 14.9 percent deline in the second quarter of 2009 versus the 2nd quarter of 2008. While still a significant negative annual rate of return, this quarter is an improvement over the record decline of 19.1 percent [...] Today the S&P/Case-Shiller Home Price Indices report was released which showed that, although still negative, the annual rate of decline of the 10-City and 20-City Composites improved for the fourth consecutive month in 2009. The 10-City and 20-City Composites declined 16.8% and 17.1%, respectively, in May compared to the same month last year. These values are improvements [...] By: Dennis Norman Today the S&P/Case-Shiller Home Price Indices report was released which indicated that home prices in the 20 metro areas they report were down 19% in January from a year ago. This drop in price is not surprising and only slightly higher than the 18.2% drop reported in December over the price year by Case-Shiller. Unfortunately, [...] By: Dennis Norman Yesterday Standard & Poor’s released its S&P/Case-Shiller report for 2008 which shows record price declines for the year. The S&P/Case-Shiller report shows that nationally home prices dropped 18.2% in the 4th quarter of 2008 versus the 4th quarter of 2007 which represents the largest drop in the 21 year history of the report. The report [...] By: Dennis Norman I am not an economist and don’t have a PhD…in fact I think the closest I ever came to an academic course in economics was a business management class in high school. However, having said that, I think it is pretty clear that what is going on in the housing market now is a [...] By: Dennis Norman If you live in Los Angeles California or Orlando Florida, then the answer unfortunately is yes. However if you live in St. Louis Missouri, Louisville Kentucky, Boston Massachusetts, Houston Texas, Greenville South Carolina or any of dozens of metropolitan areas around the country the answer is no. So why then, for the past 2 days has the media been [...] |
|
|||
|
Connecting St. Louis Information St. Louis The author and owner of this site are providing the information on this web site for general information only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose Powered by WordPress & the Atahualpa WP Theme by BytesForAll. Now with Tutorials & Support |
|||||
Most Commented on Posts