Home Prices

Why Some Housing Prices Are Still Falling and Subprime Loans Are Still Sliding

Posted on Monday, July 04, 2011

In October 2007, CNBC's Diana Olick called me about Countrywide's so-called plan to modify mortgage loans scheduled to reset to higher rates. Subprime borrowers with a strong payment history would be able to refinance and possibly get prime FHA loans. Current paying borrowers with credit issues woul...

An Anomaly Within the Housing Numbers: Washington D.C.

Posted on Thursday, June 30, 2011

The nation’s Capitol stands out as the “shining star” in nearly every market report that crosses the wire. Washington, D.C. has consistently defied the recent declines in home prices. The latest S&P Case-Shiller index upheld D.C. as the only city where home prices are increasing on both a monthly ...

Analysts Don't Foresee Rise in Home Prices Until 2014

Posted on Thursday, June 30, 2011

Markets across the country are in full-fledged correction mode. That combined with the prevalence of foreclosures has analysts at the research firm Capital Economics convinced that the double dip in home prices will continue throughout this year. In fact, they say the structural factors that are co...

Return of Optimism for US Housing

Posted on Thursday, June 30, 2011

The housing market in many US cities is performing better than recently released national data would suggest, leading some analysts and real estate brokers to express cautious optimism about the prospects for a recovery. List prices rose in 24 of 26 cities tracked by Altos Research in May, with San...

Clear Capital: Stability Ahead as Distressed Property Prices Rise

Posted on Thursday, June 30, 2011

The real estate valuation firm Clear Capital sees signs of market stability as we move into the summer months. New data released Thursday by the company shows that U.S. home prices continue to fall, but the 2.3 percent drop recorded for the three months ending in May was half the decline seen in t...

Real Estate Remains in Distress as U.S. Home Prices Fall Again

Posted on Thursday, May 05, 2011

Housing prices slid back in February to their lowest level of the downturn, fresh proof — as if any were needed — that real estate remains one of the most troubled sectors of the economy. The Standard & Poor’s Case-Shiller Home Price Index for 20 metropolitan areas dropped 1.1 percent from January...

For real estate, a giant spring clearance sale

Posted on Monday, April 04, 2011

In suburban Chicago, it's paradise to be a homebuyer. At the Millbrook Pointe development in quaint and pristine Wheeling, a $269,000, brick-and-stone townhouse comes with $25,000 in free upgrades, including wood-burning fireplaces, all-stainless steel kitchens and marbled bathrooms tricked out ...

Research Firm Says U.S. Housing Has Never Been This Undervalued

Posted on Friday, March 18, 2011

The continuing depreciation of residential property values at the end of last year has made housing look more undervalued relative to income than ever before, according to analysts at the research firm Capital Economics. Based on the latest Case-Shiller home price index, Capital Economics’ study sh...

Housing Loves Inflation

Posted on Thursday, March 17, 2011

Inflation is not the only reason to risk diving back into the housing market, but it may be the best reason. John Paulson agrees with this logic. Paulson is the hedge fund manager who placed various negative bets on various mortgage-backed securities during 2007 and early 2008. As these securities ...

S&P Case-Shiller Index Posts Another Drop as Home Prices Near Trough

Posted on Wednesday, March 16, 2011

Data through December 2010, released Tuesday by Standard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010. The closely watched gauge is down 4.1 percent versus the fourth quarter of 2009, which is the...

6 Real Estate Markets Poised for Recovery

Posted on Tuesday, March 15, 2011

While home prices continue to fall in many markets across the country, CNNMoney.com has compiled a list of cities that are expected to defy that trend. Here are six metro areas expected to record some of the largest price gains in real estate by 2012: 1. Tacoma, Wash. Median home price: $2...

Cash Buyers Lift Housing

Posted on Tuesday, February 08, 2011

Bargain Hunting Boosts Prices in Depressed Cities; Broader Asset Rebound Spreads Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation's most battered housing markets. Cash buyers represent...

Clear Capital Sees Signs of Upturn in U.S. Home Prices

Posted on Monday, February 07, 2011

Clear Capital has released new home price data, with an encouraging, albeit cautious, analysis to boot. The California-based real estate valuation company reports that through the end of January, national home prices are down 1.6 percent on a rolling quarter-over-quarter basis. But despite the neg...

10 Cities Where Home Prices Will Rise in 2011

Posted on Monday, February 07, 2011

While home prices are expected to continue to fall in most metro areas, Clear Capital’s Home Data Index report says a few cities are already on the rebound and showing some gains in home values. “There really is this segmentation of these markets occurring where the one-size-fits-all national ...

Ten Housing Markets Where Prices Rose During The Recession

Posted on Monday, February 07, 2011

The average value of a home declined by 25% to 30% from the period from the third quarter of 2005 to the third quarter of last year. The end of 2005 and beginning of 2006 were the peak of the housing boom. S&P argued that home prices could fall another 7% to 10% this year. Many markets have already ...

Despite price rebound, many Washington area homeowners still face steep losses

Posted on Friday, February 04, 2011

The Washington area is one of the few regions in the country where home values have been consistently climbing in recent months, with typical prices increasing 8 percent since hitting bottom two years ago. The rebound has given a lift to the local economy and begun to ease the pressure on many str...

Housing Double-Dip Looms After Round Of Weak Data

Posted on Friday, February 04, 2011

New housing market data suggest the housing market may be once again headed for trouble, making the recovery in the larger American economy even more tenous. The one bright spot for the housing market from this week -- sales of newly built homes were up 17.5% in December according to the Commerc...

Best, Worst Real Estate Markets

Posted on Monday, January 31, 2011

More than 15 states are projected to experience housing inflation or appreciation during the year, according to Housing Predictor, which releases an annual report of its choices for best and worst housing markets. The top five housing markets are: 1. Portland, Maine 2. Kansas City, Kan. 3....

Case-Shiller: Home Prices Continued Their Descent In November

Posted on Thursday, January 27, 2011

A second wave of falling home prices is battering some cities that had escaped the worst of the housing market bust. Prices in Seattle, Charlotte, N.C., and Portland, Ore., have hit their lowest points since peaking in 2006 and 2007. Denver and Minneapolis are nearing new lows. High unemployment an...

Case-Shiller: S. Fla. home prices slide to new low

Posted on Thursday, January 27, 2011

The average price of a South Florida home slid to a new post-peak low in November. According to the closely watched Standard & Poor’s/Case-Shiller index, the average price of single-family homes in South Florida in November tumbled even lower than lows set in spring of 2009. South Florida joins se...

Home prices fall in major US cities

Posted on Thursday, January 27, 2011

Home prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust. The Standard & Poor's/Case-Shiller 20-city home price index released Tuesday fell 1 percent in November from October. All but one city, S...

Outside D.C., a grim housing market

Posted on Thursday, January 27, 2011

HOME PRICES - While home prices continue to tumble in many major metropolitan areas, the Washington region is one of the few bright spots where prices are rising, according to two reports released Tuesday. Only four of the 20 areas tracked by the S&P/Case-Shiller Home Price Index posted year-ove...

Case-Shiller: S. Fla. home prices slide to new low

Posted on Thursday, January 27, 2011

The average price of a South Florida home slid to a new post-peak low in November. According to the closely watched Standard & Poor’s/Case-Shiller index, the average price of single-family homes in South Florida in November tumbled even lower than lows set in spring of 2009. South Florida joins...

Outside D.C., a grim housing market

Posted on Wednesday, January 26, 2011

While home prices continue to tumble in many major metropolitan areas, the Washington region is one of the few bright spots where prices are rising, according to two reports released Tuesday. Only four of the 20 areas tracked by the S&P/Case-Shiller Home Price Index posted year-over-year price gai...

S&P Case-Shiller Index Points to Double-Dip in Home Prices

Posted on Tuesday, January 25, 2011

The latest Case-Shiller figures released by Standard & Poor’s (S&P) Tuesday signal home prices across the United States continue to weaken. Based on data through November 2010, the 10-city composite of the closely watched gauge was down 0.4 percent and the 20-city composite fell 1.6 percent from t...

Sellers Drop Asking Prices on Fewer Homes in December: Report

Posted on Wednesday, January 19, 2011

The number of price-reduced homes on the market in December 2010 fell by 7.7 percent from the previous month, according to a survey of 26 major U.S. markets conducted by the national real estate brokerage ZipRealty. Despite the month-to-month decline, the company says the number of homes with a red...

Price Corrections Leave Some Hard-Hit Markets 'Undervalued'

Posted on Wednesday, January 19, 2011

Home price declines have been sharp and widespread across the country as foreclosure numbers mount, the gap between supply and demand widens, and local markets inherently correct the unsustainable price run-ups that characterized the housing boom of a few years ago. But according to Local Market Mo...

Tables Turn in 2011 on Rent vs. Own

Posted on Saturday, January 15, 2011

Rents have surged as home prices have dropped, which have prompted some to ponder whether homeownership is really worth it. Moody’s Analytics data has suggested that it makes more financial sense to rent than buy in many U.S. cities, but Moody’s chief economist Mark Zandi now says that is about to c...

Best Cities to Buy a Home

Posted on Saturday, January 15, 2011

WalletPop, a consumer finance Web site, offers its unscientific list of the best places to purchase a home in 2011. (The following cities are listed in no special order.) Pocono Mountains, Pa.: An attractive vacation-home spot that comes with affordable prices; median home price: $78,000 for Poco...

Overpriced, Underpriced Housing Markets

Posted on Saturday, January 15, 2011

What are the most overvalued and undervalued housing markets in the country? The Local Market Monitor recently released a list for investors analyzing buying conditions for real estate markets in the United States. Overall, Las Vegas was a city they flagged as the worst -- or “frankly dangerous,”...

Vacation Homes Emerge as Hot Market

Posted on Saturday, January 15, 2011

Vacation communities across the United States are showing big signs of a rebounding real estate market, reporting soaring sales at levels that have not been been seen since the days of the housing boom, The Wall Street Journal reports. The increase has been driven by deep discounts and cash purc...

Beige Book Points to Moderate Growth but Weak Housing Conditions

Posted on Saturday, January 15, 2011

The Federal Reserve published its latest edition of the popular Beige Book Wednesday. Based on information received from contacts in the field, the central bank says economic activity across the country “continued to expand moderately” during the last part of 2010 with steady improvements seen in la...

Zillow: S. Fla. home prices beginning to stabilize

Posted on Thursday, January 13, 2011

South Florida home values fell 1.1 percent from October to November, according to data from Zillow. Year-over-year, home values fell by 15.4 percent. The real estate website reported that 50 percent of homes in the tri-county area sold for a loss, while prices on 22.2 percent of homes on the market...

Housing's anemic rebound gives little boost to U.S. economy

Posted on Thursday, January 13, 2011

This may be the year the U.S. housing market starts crawling up from rock bottom. Held back by foreclosures, the pace will be so weak it won’t do much for economic growth. Home prices probably will start to gain in 2011’s third quarter and rise 0.6 percent for the year, the first annual advance sin...

A Housing Double Dip in New York?

Posted on Wednesday, January 12, 2011

Recent data from the Case-Shiller Index showed U.S. home prices slowing down and raised the specter of a double dip in the housing market. While critics say Case-Shiller isn't a very good gauge of the New York City market (it measures repeat sales of single-family homes and so doesn’t include condo...

Buy a House... Then Buy Another

Posted on Wednesday, January 12, 2011

Investment ideas are cyclical. They go dormant for a while, then revive, like fashions or cicadas - obeying their own curious rhythms. During the past few years, rare was the investment thinker who said you should buy a house. Housing was in a bubble that was deflating. But the investment seasons t...

Home Prices and Inventory Start Year Down: Altos Research

Posted on Wednesday, January 12, 2011

The first week of January typically marks the seasonal low point for home sales, new listings, and closings, as weather and holiday celebrations keep buyers and sellers from the market, and this year is no different, according to Altos Research. The company says both home prices and inventory are do...

CoreLogic Home Price Index Shows Decline for Fourth Straight Month

Posted on Wednesday, January 12, 2011

CoreLogic released its November home price index Tuesday, which shows that home prices in the United States declined for the fourth month in a row. The California-based analytics and property information provider reported that national home prices, including distressed sales, fell by 5.07 percent ...

U.S. Home Prices Hit New Lows

Posted on Tuesday, January 11, 2011

There is a white elephant in the room that no one seems to be talking about. The push for short sales on the part of the lender and in some cases the government is at epic proportions. I agree that in some cases short sale may be the only option, but in most cases, it is not the only option. How on ...

Clear Capital Reports 4.1% Drop in Home Prices in 2010

Posted on Monday, January 10, 2011

Clear Capital has released its home price report for the 2010 calendar year. The company’s analysis shows that compared to where prices were at the end of 2009, nationally, residential properties lost 4.1 percent of their value over the last 12 months, with 70 percent of major markets reporting pric...

Washington region posts gains as home prices still falling in most U.S. cities

Posted on Tuesday, January 04, 2011

The Washington region posted the highest year-over-year home price gains in the nation this fall, as real estate values slumped in nearly every other metropolitan area, a key housing report said Tuesday. A healthy job market, particularly for high-salaried workers, buoyed demand and prices for hou...

Washington region posts gains as home prices still falling in most U.S. cities

Posted on Tuesday, January 04, 2011

The Washington region posted the highest year-over-year home price gains in the nation this fall, as real estate values slumped in nearly every other metropolitan area, a key housing report said Tuesday. A healthy job market, particularly for high-salaried workers, buoyed demand and prices for hou...

October Miami home prices continue decline

Posted on Tuesday, January 04, 2011

Miami was one of six markets to hit their lowest levels since home prices began dropping in 2006 and 2007, according to the S&P Case-Shiller home-price indexes. Between September and October, Miami home prices fell 1.1 percent and were down 3.4 percent for the year. "The double-dip is almost he...

Home prices drop more than forecast in October

Posted on Tuesday, January 04, 2011

Home prices dropped more than forecast in October — including a decline of 3.4 percent in the Miami area — a sign housing will remain a weak link as the U.S. recovery accelerates into the new year. The S&P/Case-Shiller index of property values fell 0.8 percent from October 2009, the biggest year-ov...

High-end real estate sales picking up in South Florida

Posted on Tuesday, January 04, 2011

After months of waiting and watching, wealthy buyers are returning to South Florida’s luxury housing market. A stronger stock market, cheap interest rates and signs that prices for luxury properties have bottomed out are boosting the confidence of those who can afford to pay millions for a residenc...

Economists Predict Flat Home Prices

Posted on Monday, December 27, 2010

Twenty-three economists surveyed this month by CNNMoney.com expect home prices to be flat in 2011. Five of the economists expect prices to fall in 2011 and then climb only 2.2 percent in 2012. The problem is unemployment. John Ryding, chief economist of RDQ Economics, says the working-age popul...

Falling...

Posted on Monday, December 27, 2010

By THE ASSOCIATED PRESS The decline in home prices is accelerating across the nation, according to a new report, and a record number of foreclosures is expected to push prices down further through next year. But a second report released on Tuesday indicated that consumer confidence in the ec...

America's house prices are falling again

Posted on Monday, December 27, 2010

THERE was further gloomy news for America's homeowners as national house prices dipped in the three months to September. The S&P/Case-Shiller index, released on November 30th, fell by 1.5% from the same period in 2009 and by 2% from the previous quarter. The end of the government's t...

Home Prices Falling Fast, Eroding American Wealth And Threatening Recovery

Posted on Monday, December 13, 2010

Plunging home prices hammered household finances in the third quarter, eroding homeowners' wealth and making them more vulnerable to foreclosure. As prices are expected to continue falling, the economic recovery could face a major stall. Millions of homeowners saw their most valuable asset decay be...

National Home Prices Down 5.8%, Major Metros See Double Dip: Report

Posted on Monday, December 13, 2010

The November home market report from Clear Capital shows that prices nationally fell another 5.8 percent over the previous three months. The company says although the pace of decline has slowed, home prices show no signs of bottoming out yet. Compared to a year ago, Clear Capital’s national home...

Discounts on Distressed Homes Deepen

Posted on Monday, December 13, 2010

Homes in foreclosure sold at a 32 percent discount compared to non-distressed properties in the third quarter, up from 29 percent a year ago, says RealtyTrac. Foreclosure sales fell 31 percent due to expiration of the home buyer tax credits, but RealtyTrac CEO James Saccacio says the foreclosure...

Americans: Housing recovery two years away

Posted on Friday, December 10, 2010

More than half of Americans think the housing market will remain depressed for at least two more years, and 22 percent think it will be 2015 or later before home prices and sales rebound. “I would love to say we have taken a few steps forward, but the reality is we are stuck in the mud,” said Pe...

This year’s drop in home values is $1.7 trillion

Posted on Thursday, December 09, 2010

This year’s drop in home values is $1.7 trillion. 63%, bigger than the $1 trillion 2009 drop. Total lost value since the 2006 peak is $9 trillion. Perhaps worse news is that almost $700 billion in value was lost in the first half of the year but even more, $1 trillion, was lost in the second h...

Dr. Doom Predicts Another $1 Trillion in Housing Losses

Posted on Wednesday, December 08, 2010

As Nouriel Roubini heads to Athens to meet with investors and policymakers potentially about the debt crisis in Europe, the economist says he’s increasingly worried about a problem closer to home: America’s real estate mess. The country’s real estate problems are “underappreciated,” and banks coul...

Analysts See 7% Drop in Home Prices over Next Year

Posted on Wednesday, November 17, 2010

Despite a bounce in home prices during the first half of 2010, Fiserv Inc. says it expects property values nationally to fall another 7.1 percent over the next 12 months before beginning to stabilize. The Wisconsin-based financial services technology company sees double-dip territory ahead for ma...

The Eleven Reasons People Can’t Sell Their Home

Posted on Tuesday, October 19, 2010

The environment for home sales becomes more difficult with each passing month. Some estimates put 11 million mortgages, about 20% of the US total, underwater, meaning that homeowners owe their banks more than the underlying properties are worth. Home repossessions reached more than 100,000 for the f...

Predictions About Recovery Timeline/What it Means in $ Terms

Posted on Tuesday, May 25, 2010

The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the closely-watched Case-Shiller Home Price Index, polled the group of housing market experts and strategists from the likes of Alliance Bernstein, Columbia Business School, Deuts...

"Saw Tooth" effect?

Posted on Monday, May 24, 2010

Some housing experts are predicting what one calls a “saw-tooth bottom” to the housing market driven by a shadow inventory that may include up to 4.5 million properties. This issue isn’t just bank-owned homes that aren’t yet on the market, but sellers who would like to sell but fear they can’t. "...

Price Declines Expected in 2010 Thanks for Distressed Sales

Posted on Thursday, May 20, 2010

We expect that house prices will continue to decline because the pipeline of distressed mortgages is substantial and because the price discounts for distress sales weaken all house prices,” the forecasting and credit risk unit of Moody’s Analytics wrote. While the overall housing market has larg...

Expect Short Sales and Deeds in Lieu Under HAFA to Drive Prices Down

Posted on Friday, April 09, 2010

Short sales made up 8% of all sales in January, up from 7% in December and 5% a year ago. Once banks are geared up to process HAFA short sale requested, the numbers will increase significantly. That means home prices will go down. In January, the average non-distressed sale price was $247,700,...

Home Prices Are Now Reaportedly Down 3.9% compared to the same quarter last year...

Posted on Thursday, April 08, 2010

The continued oversupply of homes on the market still weighs on house prices. Some of this price decline may also be seasonal. But some of it is also due to advance purchases by people for the tax credit. Stronger sales and reduced inventory over the second half of the year should allow price...

Short Sales

Posted on Wednesday, April 07, 2010

Nearly one in four mortgages are underwater, according to First American Core Logic. In February 2010, short sales accounted for 17% of all residential real estate sales....

Exisitng Home Sales and Other Important Indicators

Posted on Tuesday, April 06, 2010

Maybe you’re wondering if other people’s misfortune is an opportunity for you to get ahead? Together American homeowners have lost over $13 trillion dollars in personal wealth. More than 11.3 million, or 24% of all residential properties with mortgages were underwater (meaning the owners of...

Timelines for Recovering From Negative Equity

Posted on Tuesday, March 30, 2010

Experts are predicting that underwater homeowners will not begin to recover 2015-2016 or as long as 2020 or later for some of the harder hit. Home prices are expected to increase at 3% a year for the next decade. Specifically; Washington D.C. 2015 Atlanta, Georgia; Dallas, Texas; and River...

Big Drops and Still Sliding

Posted on Wednesday, March 24, 2010

Home prices in extremely overvalued U.S. metropolitan areas declined nearly 37 percent on average between 2005, the peak of the real estate bubble, and the fourth quarter 2009 when prices stabilized, according to the House Prices in America update released by IHS Global Insight Friday. At the pea...

Signs of a dDuble Dip?

Posted on Thursday, February 11, 2010

While residential values in some markets appear to have found their bottom, Zillow has observed that prices in 29 of the 143 markets is tracks have leveled off or begun to decrease again after showing at least five consecutive monthly increases – early signs of what could become a second prolonged p...

More Thoughts About a Doubel Dip?

Posted on Thursday, February 11, 2010

Finishing the year with five straight down periods, the IAS360 House Price Index was off 5.3 percent for the 12-month stretch. This relatively modest decline follows an 11.7 percent drop in 2008. Now more than 22 percent down from its high-water mark set in July 2007, the index has fallen to a l...

new Report Says Prices May Be Stabalizing in Some Markest But not FL, AZ, NV or CA

Posted on Wednesday, February 10, 2010

PMI’s U.S. Market Risk Index measures the likelihood of lower home prices in two years for each of the nation’s 384 metropolitan statistical areas (MSAs). The index uses economic, housing, and mortgage market factors (including home price appreciation, employment, affordability, excess housing suppl...

Where the Deals Are

Posted on Monday, February 01, 2010

Nationwide, only 87 markets are in the overvalued category, according to a newly released 2010 report compiled by IHS Global Insight and PNC Financial Services. That means 242 of the 299 largest U.S. housing markets are selling for prices that even bankers think are less than fair market value. T...

Home Prices as of November 2009 – Released December 2009

Posted on Monday, January 18, 2010

November 2009 Prices are down 4.3% for the nation compared to November 2008. But this is the smallest decrease in two years leading many to think prices have stabilized in certain areas that avoided the bubble like the Midwest. ...

Growing Number Underwater

Posted on Monday, August 17, 2009

As recently reported by the National Association of Realtors, a new report by Deutsche Bank estimates that by 2011 nearly 50 percent of U.S. home owners with mortgages will owe more than their homes are worth. This estimate of 25 million borrowers is significantly higher than similar calculation...

Best Deals On Condos

Posted on Friday, August 07, 2009

1. Olympic Village, Calif., 96146 2. Tahoe City, Calif., 96145 3. Terra Linda, Calif., 94903 4. Fisher Island, Fla., 33109 5. Dallas, 75205 6. Malibu, Calif., 90265 7. Bal Harbour Fla., 33154 8. Key Biscayne, Fla., 33149 9. Lake Forest, Ill., 60045 10. New York (Upper West Side), 10069 a...

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