| By Dennis Norman,on January 31st,2012 This morning,the S&P/Case-Shiller Index report for November was released showing US home prices decreased from the month before as well as the year before. The 10-city and 20-city composites fell by 1.3 percent each and the home price indexes were down 3.6 percent and 3.7 percent respectively from the year before. For a second consecutive month,19 of 20 cities covered by the indices also saw home prices decrease. [...] By Dennis Norman,on January 20th,2012 Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in December were at at a seasonally adjusted-annual rate of 4.61 million units which is an increase of 5.0 percent from the month before and an increase of 3.6 percent from a year ago. The actual number of homes sold in December was 350,000 which is 4.5 percent more than the month before and 1.4 percent more than December 2010 when there were 345,000 homes sold. [...] By Dennis Norman,on January 9th,2012 A report released this morning by CoreLogic,one of the nations leading providers of property information shows that home prices in the U.S. fell in November 4.3 percent from the year before and declined by 1.4 percent from the month before marking the fourth consecutive monthly decline in home prices. [...] By Dennis Norman,on December 28th,2011 While losing $700 Billion in value in U.S. homes in a year sounds horrible,the good news is,if we end this year around this number the total loss in home values for 2011 will be smaller than the prior four years! This information is from the newly released Zillow Real Estate Market Reports,which also predicts that nine metro areas will see gains in home values this year once the final numbers are in! With all this “good”news,we have to ask ourselves…is the worst of the real estate market crash over? I think the answer is yes,at least when it comes to the housing market. [...] By Dennis Norman,on December 27th,2011 This morning,the S&P/Case-Shiller Index report for October was released showing US home prices decreased from the month before as well as the year before. The 10-city and 20-city composites fell by 1.1 percent and 1.2 percent respectively and the home price indexes were down 3.0 percent and 3.4 percent respectively from the year before. [...] By Dennis Norman,on December 7th,2011 A report released this morning by CoreLogic,one of the nations leading providers of property information shows that home prices in the U.S. fell in October 4.4 percent from the year before and declined by 1.1 percent from the month before marking the third consecutive monthly decline in home prices. [...] By Dennis Norman,on December 5th,2011 “We may indeed being seeing the beginning of at least a ‘soft landing’in housing,”said Michael Feder,President and CEO of Radar Logic. The latest housing market report by RadarLogic contained said,while trends in home prices remain negative in most major U.S. metropolitan areas,there are indications that market conditions are starting to improve. [...] By Dennis Norman,on November 21st,2011 Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in October were at at a seasonally adjusted-annual rate of 4.97 million units which is an increase of 1.4 percent from the month before and an increase of 13.5 percent from a year ago. [...] By Dennis Norman,on November 9th,2011 This morning the National Association of REALTORS released a report showing the median sales price of homes for metropolitan areas throughout the U.S. in the third quarter as well as a report showing total home sales by state for the quarter. The reports showed mixed results,with metro median home prices in the U.S. declining by 4.7 percent from a year ago and total home sales in the U.S. increasing 17.0 percent from a year ago. [...] By Dennis Norman,on November 7th,2011 A report released this morning by CoreLogic,one of the nations leading providers of property information shows that home prices in the U.S. fell in September 4.4 percent from the year before and declined by 1.1 percent from the month before marking the second consecutive monthly decline in home prices. [...] By Dennis Norman,on November 3rd,2011 Despite massive loss of value over the last few years,the U.S. housing market has outperformed the stock market since 2000. A report released recently by RadarLogic showed that,over the past decade,the housing market,in spite of all of it’s recent troubles,has still performed better in terms of an investment than other typical investments such as the stock market. [...] By Dennis Norman,on October 31st,2011 You would think after what we have seen happen in the housing market during the past 5 years,especially in the area of falling home prices,that home buyers today would not have lofty expectations about a home they buy appreciating,but apparently many do. According to a recent survey Zillow,42 percent of prospective home buyers believe home prices typically appreciate by 7 percent a year. [...] By Dennis Norman,on October 26th,2011 Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for September 2011 showing an increase of 5.7 percent from the month before,and a decrease of 0.9 percent from a year ago. The seasonally-adjusted new home sales rate for September was 313,000 homes,up from an adjusted rate of 296,000 the month before. Unfortunately,even with the increase in the rate of new home sales,the current rate of new home sales is still on track to make 2011 new home sales the lowest since the Commerce Department began keeping track of sales in 1963. [...] By Dennis Norman,on October 25th,2011 This morning,the S&P/Case-Shiller Index report for August was released showing US home prices increased for the fifth consecutive month. Both the 20-city composite and 10-city composite home price index increased by 0.2 percent from the month before. The 10 city composite home price index was down 3.5 percent from a year ago and the 20-city composite was down 3.8 percent from a year ago. [...] By Dennis Norman,on October 20th,2011 Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.91 million units which is a decrease of 3.0 percent from the month before,an increase of 11.3 percent from a year ago and is the second highest rate of home sales since March 2011 when it was 5.09 million. [...] By Dennis Norman,on October 14th,2011 Radar Logic,a company that tracks home prices and publishes a daily market price per foot for homes as well as a source I often tap for housing market data,announced that,in cooperation with CBOE Futures Exchanges,they are introducing housing futures in the form of tradable contracts. These contracts will be based upon “RPX”,Radar Logic’s real estate price metric. [...] By Dennis Norman,on October 6th,2011 Clear Capital just released it’s monthly Home Data Index™ (HDI),which shows U.S. home prices increased 3.5 percent in the 3-month period ending in September compared with the prior 3-month period however that is less than the 4.0 percent increase reported the prior month showing that home price gains we have seen recently are losing their steam. [...] By Dennis Norman,on September 30th,2011 Mark Fleming,Ph.D.,Chief Economist for CoreLogic,in a presentation yesterday,said the housing market is not out of the woods yet as the potential of a double-dip in our economy increases and as 30 to 40 percent of economists feel there is a chance of another recession. [...] By Dennis Norman,on September 27th,2011 Dennis Norman This morning,the S&P/Case-Shiller Index report for July was released showing US home prices increased for the fourth consecutive month. Both the 20-city composite and 10-city composite home price index increased by 0.9 percent from the month before. The 10 city composite home price index was down 3.7 percent from a year [...] | |