|
|||||
 |
Dennis Norman Zip Realty’s “Home Hunter” Report for 4th quarter 2009 shows some housing markets heating up. While some of the “hottest” real estate markets in the country — those where homes are selling most above their list prices — continue to be distressed areas dominated by heavily discounted prices, a report issued by ZipRealty revealed some [...]
Dennis Norman This morning the S&P/Case-Shiller Index report for November was released showing that home prices in their 10 city and 20 city composite indexes decreased 0.2 percent from October. The indexes include the major metropolition areas in the U.S. (details for metros included are in chart that follows). This marks the tenth month of improved [...]
Dennis Norman Forecast is for further declines In a report issued today by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 5.7 percent in November 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) the nation decline in HIP [...]
Dennis Norman Average price cut for homes drops to 11 percent off original price…discount increases to 15 percent off original price for homes priced above $2,000,000. According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second [...] Lower List Prices and Fewer Price Reduced Homes Point to More Realistic Seller Pricing in December 2009 According to a report issued by ZipRealty there were 17,741 fewer homes listed for sale in December with reduced prices which represents a decline of 7.1 percent compared to November. This data is from a monthly survey of Multiple [...] Dennis Norman In a just a few days we will say goodbye to 2009; a year that has been brutal to the housing market. So as the new year comes in, what will 2010 hold in store for the housing market? To answer this question I turned to the housing forecast just released by Fannie Mae to see [...] Dennis Norman In spite of recent “upbeat” reports on the housing market and some people even saying the worst is over, when it comes to declining home values it appears the fat lady hasn’t sung yet According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance [...] Dennis Norman As 2009 quickly draws to a close and the housing market continues to be in dismal condition, it would sure be nice to know what next year holds in store. Will the housing market finally see a recovery? Or, will the number of homeowners that are “underwater” on their mortgages sustain the record number of foreclosures going [...] Fewer Home Sellers Cutting Prices as Average List Price Falls More Than 3% Fewer sellers in 27 major U.S. markets reduced home prices this month, and those who did slashed their prices less than in October. At the same time, the average list price in those markets overall declined slightly, a possible sign sellers are pricing [...] Dennis Norman This morning the S&P/Case-Shiller Index report for September was released showing that home prices in the US increased in 3rd quarter 2009 by 3.1 percent (seasonally adjusted) from 2nd quarter. The 3rd quarter index shows a 8.9 percent decline from a year ago, however this is a marked improvement from the 14.7 decline [...] Dennis Norman According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 9.8 percent in September 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) the nation decline in HIP for the same [...] Dennis Norman According to a report issued by First American CoreLogic the rate of decline in U.S. home prices improved in August with prices 10.1 percent below August 2008, compared with July’s year-over-year price decline of 11.6 percent and June’s decline of 14.1 percent. Dennis Norman This morning the S&P/Case-Shiller Index report for August was released showing that home prices in the 20 cities covered by their report fell 11.3 percent in August from a year ago. This is a smaller year over year decline than July when the index showed a 13.3 percent drop in home prices from a year earlier [...] Loose lending standards in government-backed mortgages is setting up the next wave of defaults and sharp declines in housing prices. Charles Hugh Smith, Of Two Minds Beneath the hype that housing has bottomed is an ugly little scenario: lending standards are still loose and the low-down payment, high-risk loans being guaranteed by government agencies are setting [...] Dennis Norman According to a report issued today by ZipRealty, more than 44 percent of home listings in 28 major markets tracked by ZipRealty in September had at least one price reduction. Of those homes on the market with reduced prices the average have had their price cut an average of twice, according to the report. If you [...] According to the S&P/Case-Shiller Home Price Indices, home prices in July declined 12.8 percent from a year ago in their 10-city composite and 13.3 percent in their 20-city composite. On a positive note, all 20 metro areas showed an improvement in the annual rates of decline when comparing July to June.
[...] 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 [...] Dennis Norman Before the sub-prime mortgage implosion Karen Weaver warned of the coming crisis. Karen Weaver, the Global Head of Securitization Research for Deutsche Bank, said last month that she expected home prices to continue to drop through the 1st quarter of 2011. She also predicted that nearly half of the homeowners with mortgages would end [...] 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 [...] Dennis Norman According to the latest report released today from the National Association of REALTORS(R), existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states. Existing home sales (including single-family homes and condos) by state rose 3.8 percent to a seasonally adjusted annual rate of 4.76 million [...] Dennis Norman By: Dennis Norman The National Association of REALTORS(R) has been reporting and tracking a “Housing Affordability Index” since January 1989. The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. The Housing Affordabiity Index for June was at [...] 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 [...] Dennis Norman Home prices in the U.S. fell 9.2% in May compared to a year ago according to newly released data from First American CoreLogic and its Loan Performance Home Price Index (HPI). This drop represents the smallest year-over-year decline since December 2007. The rate of national price [...] Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for May showing an increase in sales for the 2nd month in a row. This is the first time we’ve seen two consecutive months of sales increases in almost 4 years. Sales for May were at a seasonally-adjusted annual rate of 4,770,000 homes which [...] Dennis Norman By: Dennis Norman Yesterday the National Association of REALTORS(R) released its existing home sales report for April showing a slight increase in sales of 2.9% over March. Sales for April were at a seasonally-adjusted annual rate of 4,680,000 homes which is down 3.5% from last year, which means in year over year numbers things are improving because last months annual rate [...] Today I want to feature a post from Charles Hugh Smith. This is an article that appeared on his site OfTwoMinds.Com a few days ago and I found it to be a very thoughtful and insightful look at the housing market. I asked Charles to allow me to publish him as a guest contributor and he [...] Dennis Norman By: Dennis Norman According to a report issued late last week by First American CoreLogic, Inc. based upon their LoanPerformance HPI1 home price data for February 2009, national housing prices have declined for 24 consecutive months to a level equal to 2004 prices. CoreLogic reported: National housing prices fell 12.2 percent in February from a year ago. By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in March decreased 0.6 percent from February and is 30.6% less than a year ago. A decline of less than 1%, following last February’s increase of 4.7% in sales I think again shows the market is perhaps leveling off. [...] Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for March showing a slight decline of 3% from February. This modest decrease following last months modest increase of 5.1% may show the market is starting to balance out. Sales for March were at a seasonally-adjusted annual rate of 4,570,000 homes which [...] Today the Federal Reserve Board, in it’s monthly Beige Book, said about Real Estate and Construction that “housing markets remained depressed overall, but there were some signs that conditions may be stabilizing.” |
||||
|
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