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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. Tweet This Post
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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, [...]
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 [...]
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 [...]
Dennis Norman Report Cautions That Shadow Inventory and End of Tax Credit Program May Result in Further Declines On a month-over-month [...] 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 [...] 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 [...] 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 [...] Dennis Norman According to a report issued today by Zip Realty, sellers in Florida are slashing prices by more than 10 percent South Florida has deals on homes! According to Zip Realty, sellers in Miami and Ft. Lauderdale have reduced their list price by an average of nearly 15 percent, or $36,000 in February 2010. [...] 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 [...]
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 [...]
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 [...]
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 [...] 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 [...] 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 [...] 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 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 [...] 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 [...] Dennis Norman Today the Federal Housing Finance Agency (FHFA) reported that U.S. home prices decreased 0.3 percent on a seasonally-adjusted basis from July to August and are down 3.6 percent for the past year. The U.S. home price index is now 10.7 percent below is April, 2007 peak. The FHFA home price index is calculated using [...] This morning Trulia, the online real estate search company, announced that “25.6 percent of homes currently on the market in the United States as of October 1, 2009 have experienced at least one price cut. More than one in four current listings on Trulia have been reduced in price for the fourth straight month. The [...] 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. Tweet This Post 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 [...] By: Dennis Norman 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 [...] |
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