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Home Price Increases Decelerate in June

Dennis Norman

According to a report issued today by CoreLogic, home prices in the U.S. increased in June by 1.4 percent over June 2009. This ends the four-month streak of increasing year-over-year home prices which for May was 3.70 percent.

U.S. Home Values Fall In 2nd Quarter; Negative Equity Declines Though

Dennis Norman

A report just issued by Zillow shows that home values in the United States continued to decline in the second quarter of 2010, with the Zillow Home Value Index falling 3.2 percent year-over-year and 0.6 percent from the first quarter to $182,500. The national rate of decline decelerated from the [...]

Case-Shiller; Housing market not in any form of sustained recovery

Dennis Norman

This morning S&P/Case-Shiller Index report for May was released showing that the annual growth rates in 15 of the 20 Metro Area’s their reports cover improved in May compared to April 2010. The 10-city composite is up 5.4 percent from the year before and the 20-city composite is up 4.6 percent from [...]

Best Real Estate Markets in the U.S? Nine of Ten Zips are in California

Dennis Norman

Multiple Offers and Homes Selling for prices ABOVE list price? Is this a reprint of a post from 2005?

Nope. Believe it or not, this is exactly what was in a report released this morning by Zip Realty. The report is based upon home sales activity in the second [...]

Home Prices Are Not Recovering

Dennis Norman

Home sales activity was up in May, but the mix of sales shifted toward less-expensive properties in many cities throughout the U.S. according to the May 2010 Radarlogic Housing Market Report. In addition, the report states that while their home price composite index for the 25 metro areas covered did increase in May [...]

One in Four Sellers Have Reduced Their Prices

Dennis Norman

According to a report released by Trulia.com, 24 percent of the homes for sale as of July 1, 2010 have experienced at least one price cut. This is a 9 percent increase from the prior month. The average discount for price-reduced homes continues to hold at 10 percent off of the [...]

Home Prices in the U.S. Increase In May

Dennis Norman

According to a report issued today by CoreLogic, their home price index shows home prices in the U.S. increased in May, marking the fourth-consecutive month there was a year-over-year increase in home prices. U.S. home prices in May 2010 increased by 2.9 percent over May 2009.

Highlights from the report:

The top five states with [...]

Home Prices In Most Metro Areas Improved in April But Do Not Show Signs of a Sustained Recovery

Dennis Norman

This morning S&P/Case-Shiller Index report for April was released showing that theannual growth rates of all 20 Metro Area’s their reports cover improved in April compared to March 2010.  The 10-city composite is up 4.6 percent from the year before and the 20-city composite is up 3.8 percent from the year before.

However, in [...]

Home Prices Lose Momentum and Fall in First Quarter

Dennis Norman

In contrast to my post yesterday about the NAR existing home sales report showing median home prices increased in March and April, today the S&P/Case-Shiller Index report for the first quarter of 2010 was released showing that the U.S. National Home Price Index fell 3.2 percent in the first quarter of 2010, [...]

First Quarter Home Sales Up From a Year Ago in many Metro Areas

Dennis Norman

According to a report issued by the National Association of REALTORS, a growing number of metropolitan areas are experiencing price gains from a year ago, while most states have seen healthy gains in home sales from the first quarter of 2009.

Highlights from the Metro report for the first quarter of 2010:

91 out of [...]

Case-Shiller Report Has Some Good News On Housing Market; Not Out of The Woods Yet Though

Dennis Norman

This morning the S&P/Case-Shiller Index report for February was released showing that, for the first time since December, 2006, the annual rates of change for their two composite home-price indices were positive.  The 10-City Composite is up 1.4 percent from a year before and the 20-City Composite is up 0.6 percent from the [...]

Home Price Index Shows First Annual Increase in Over Three Years

Dennis Norman

Report Cautions That Shadow Inventory and End of Tax Credit Program May Result in Further Declines
A report released today by First American CoreLogic shows that national home prices increased 0.3 percent in February 2010 compared to February 2009 and was the first annual home price index increase in over three years.

On a month-over-month [...]

Signs of Stabilization in U.S. Real Estate Market — Home Price Reduction Levels Drop 26 Percent

Trulia announced that 20 percent of current home listings have been reduced in price at least once, compared to 27 percent in April 2009, representing a 26 percent decline nationally. Trulia was the first company to issue national price reduction reports and is available to provide historical data on trends taking place as early as [...]

Sellers Continue to Reduce Home Prices

According to a report released by ZipRealty just over 40 percent of available homes for sale in the U.S. had reduced prices in March.  Jacksonville FL,  Phoenix AZ and Orlando FL  lead the country with the highest percentage of homes for sale that have had at least one price reduction, at 50.3 percent, 50.1 and 47.2 percent respectively.

Other highlights from [...]

Home Price Rebound From Last Fall is Fading

Dennis Norman

Annual Rates of Decline In Home Prices Improving

This morning the S&P/Case-Shiller Index report for January was released showing that home prices in their 10 city and 20 city composite indexes decreased from December, the 10-city index was down 0.2 percent and the 20-city index down 0.4 percent. The 10-city January index was exactly even with [...]

Some Housing Markets Getting Hot Again

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 [...]

November home prices flattening out in many major metro areas

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 [...]

U.S. Home prices continue to decline

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 [...]

Home price reductions by sellers drop for second consecutive month

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 [...]

Fewer homes on market with reduced prices in December

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 [...]

What does 2010 hold in store for the Housing Market?

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 [...]

Home prices in US declined 7.8 percent in past year…expected to fall another 4.2 percent

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 [...]

What will be the best real estate markets in 2010? How about the worst?

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 [...]

Home Sellers Slash Prices by $23,953 in November, a 3% Smaller Discount Than Last Month — According to ZipRealty

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 [...]

US home prices increase 3.1 percent in 3rd quarter; down 8.9 percent from a year ago

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 [...]

Home prices in U.S. drop in September; Forecast is for 1.1 percent appreciation in next 12 months

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 [...]

Home Price Forecast Predicts Further Decline Before Upswing; Bottom in March, 2010

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. 
 
Obviously these numbers are being impacted by the number of distressed sales, which in some parts [...]

US Home prices appear to be leveling off

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 [...]

Setting Up the Next Leg Down in Housing

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 [...]

Nearly half of homes for sale have reduced prices

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 [...]