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 | Dennis Norman This morning,the S&P/Case-Shiller Index report for June was released showing US home prices increased for the third consecutive month however,average home prices in the U.S. are still about the same as they were over 8 years ago in early 2003. The report shows their 20-city composite home price index increased [...] Clear Capital just released their housing market report which,based upon data available through and including July 2011,has ranked the 15 best and worst performing housing markets in the U.S. based upon their quarter-over-quarter change in home prices. Milwaukee,WI topped the list of highest performing markets with a 19.6 percent quarter-over-quarter increase in [...] A report released by CoreLogic shows U.S. home prices increased in June 2011 by 0.7 percent from the month before,marking the third consecutive month-over-month increase. However,U.S. home prices in June 2011 decreased 6.8 percent from the year before. If we take the distressed sales (foreclosures,REO’s and short-sales) then year-over-year home prices [...] Dennis Norman This morning,the S&P/Case-Shiller Index report for May was released showing US home prices increased for the second consecutive month with average home prices in the U.S. being about the same as they were in the summer of 2003. The report shows their 20-city composite home price index increased by 1.0 percent [...] A report just released by Zillow.com shows that current home sellers who purchased their homes “after the bubble”(2007 or after) are overpricing their homes by more than sellers that bought during the bubble (2002-2006) or before the bubble (pre-2002). According to the report,current sellers that bought post-bubble are overpricing their homes by an [...] In Britain… I am not a “misery loves company”guy,nor a “grass on the other side is always greener”guy,but in this case,it’s good to know the grass is greener in the U.S.,at least as it relates to the housing market. Granted,I may be getting a little desperate for [...] Dennis Norman This morning,the S&P/Case-Shiller Index report for April was released showing US home prices showed a monthly increase for the first time in eight months bringing average home prices in the U.S. back to their summer 2003 levels. The report shows their 20-city composite home price index increased by 0.7 percent from [...]
Robert Shiller I’m doing this article as I attend a presentation by Robert Shiller,Yale Economics Professor and Co-Founder of the S&P/Case Shiller Home Price Indices at the S&P Housing Summit 2011,as he discussed “Unusual Factors Influencing the Outlook for the U.S. Housing Market. So it may be a little choppy,but [...] A report released this morning by CoreLogic shows U.S. home prices increased in April 2011 by 0.7 percent from the month before,marking the first month-over-month increase since Mid-2010. However,U.S. home prices in April 2011 decreased 7.5 percent from the year before. If we take the distressed sales (foreclosures,REO’s and short-sales) then [...] Dennis Norman Today the S&P/Case-Shiller Index report for the first quarter of 2011 was released showing home prices continue to fall and that the national home price index hit a new recession low. Nationally,home prices are back to their mid-2002 levels according to the report. [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in March by 7.5 percent from the year before,marking the eighth-consecutive month year-over-year home prices have dropped,according to their index. The prior months report showed home prices had decreased by 5.8 percent from a year ago so unfortunately [...] Two reports were released today showing that home prices in the U.S. continue to fall. Fiserv Case-Shiller Home price Insights - This report shows that for the 4th quarter of 2010,U.S. home prices had fallen 4.1 percent from the 4th quarter of 2009 and have fallen 23.6 percent from the 4th quarter of 2007 [...] Dennis Norman Today the S&P/Case-Shiller Index report for February was released showing home prices continue to fall and that the housing housing market continues to head toward a double dip in home prices. The report shows their 20-city composite home price index declined by 1.1 percent from the month before and declined by 3.3 [...] RPX Composite Home Price Fell to Lowest Level since March 2003 Radar Logic published it’s Housing Market Report for February showing that it’s “RPX Composite Price”fell 0.7 percent from January and 4.3 percent from the year before. [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in February by 6.7 percent from the year before,marking the seventh-consecutive month year-over-year home prices have dropped,according to their index. The prior months report showed home prices had decreased by 5.5 percent from a year ago so unfortunately [...]
Dennis Norman When I take my kids out for an ice cream cone it’s pointless to ask if they want one or two dips,they always go for the double dip! What’s good for ice cream sales is not good for home prices though…..and,unfortunately,it appears that home prices are choosing to [...] RPX Composite Home Price Fell to Lowest Level since April 2003 Radar Logic published it’s Housing Market Report for January showing that it’s “RPX Composite Price”fell 3.8 percent from December and 3.4 percent from the year before. [...] A report released this morning by CoreLogic shows home prices in the U.S. declined in January by 5.7 percent from the year before,marking the sixth-consecutive month year-over-year home prices have dropped,according to their index. The January data shows home prices continuing to slide. Mark Fleming,chief economist with CoreLogic,said,“A number [...] The Fannie Mae Fourth Quarter National Housing Survey polled homeowners and renters alike to assess their confidence in homeownership as an investment as well as their views on housing finance and the overall economy. The survey revealed that Americans are more confident about the stability of home prices than they were at the beginning of [...] Dennis Norman Today the S&P/Case-Shiller Index report for December was released and supports last months report saying a double-dip in home prices was headed our way. The report shows home prices declined by 3.9 percent during the fourth quarter of 2010. [...] Much has been written (including by me) about the negative impact foreclosures and other distress sales have on home prices so this is no new issue. In fact,most readers have probably seen (or felt) the impact of this in their own neighborhood. The charts below which show the percentage of mortgages that were 90 [...] Today,CoreLogic released its December Home Price Index (HPI) showing that home prices in the U.S. declined for the fifth-straight month. The report shows home prices declined by 5.46 percent in December 2010 compared with December 2009. [...] Dennis Norman Today the S&P/Case-Shiller Index report for November was released and confirms concerns that I have discussed previously that the housing market is headed for a double dip in home prices. The report revealed that home prices decreased in 19 or the 20 metro areas covered by the report from their October [...] Today,CoreLogic released its November Home Price Index (HPI) showing that home prices in the U.S. declined for the fourth-straight month. The report shows home prices declined by 5.07 percent in November 2010 compared with November 2009. [...] The real estate market has not been very nice to us over the past 3 years or so and we are all anxious to see the light at the end of the tunnel. With that in mind,and 2011 in front of us,where is the real estate market headed in 2011? Before I take [...] Dennis Norman Yesterday the S&P/Case-Shiller Index report for October was released and was filled with bad news on the housing market. The report revealed that home prices decreased in all 20 metro areas covered by the report from their September levels and only four of the metro’s showed a year-over-year price gain in October.Furthermore,[...] Dennis Norman This morning S&P/Case-Shiller Index report for the third quarter or this year was released showing home prices declined 2.0 percent in the third quarter after having risen 4.7 percent in the second quarter. Nationally,home prices are 1.5 percent below where they were a year ago. In September,18 of the [...] Price Reductions Surpass Highest Historical Levels in 15 U.S. Cities,Remain Flat Nationwide According to a report released this morning by Trulia.com,27 percent of the homes for sale in November have experienced at least one price cut. Following four-consecutive months of increases,this rate has now flattened out nationwide. However,locally the story [...] Dennis Norman This morning S&P/Case-Shiller Index report for August was released showing a deceleration in the annual growth rates of home prices from the month before in 17 of the 20 Metro areas covered by the report. The Case-Shiller Home Prices Indices for the 20 metros showed a decrease of 0.2 percent in home [...] Dennis Norman According to a report issued yesterday by CoreLogic,home prices in the U.S. decreased in August 2010 by 1.5 percent from the year before and increased by 0.6 percent from the month before. If distressed sales are excluded then there was a 0.4 percent decrease in home prices from August 2009 to [...] | ||||
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