|
|||||
 |
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 [...] Dennis Norman By: Dennis Norman The National Association of REALTORS(R) has been reporting and tracking a “Housing Affordability Index” since January 1989. The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. The Housing Affordabiity Index for June was at [...] By: Dennis Norman Today the S&P/Case-Shiller Home Price Indices report was released which showed that, although still negative, the annual rate of decline of the 10-City and 20-City Composites improved for the fourth consecutive month in 2009. The 10-City and 20-City Composites declined 16.8% and 17.1%, respectively, in May compared to the same month last year. These [...] Dennis Norman By: Dennis Norman Home prices in the U.S. fell 9.2% in May compared to a year ago according to newly released data from First American CoreLogic . May’s decline represents the smallest year-over-year decline since December 2007. Since U.S. home prices peaked in July 2006, national home prices have [...] By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for May showing an increase in sales for the 2nd month in a row. This is the first time we’ve seen two consecutive months of sales increases in almost 4 years. Sales for May were at a seasonally-adjusted annual rate of 4,770,000 homes which is a [...] Dennis Norman By: Dennis Norman Yesterday the National Association of REALTORS(R) released its existing home sales report for April showing a slight increase in sales of 2.9% over March. Sales for April were at a seasonally-adjusted annual rate of 4,680,000 homes which is down 3.5% from last year, which means in year over year numbers things are improving because last months annual rate [...] By: Dennis Norman Today the National Association of REALTORS(R) released its existing home sales report for March showing sales in the U.S. dropped 3% from February and were down 7.1% from last year. The Northeast saw the biggest drop in sales coming in 8% below February and the Midwest fared the best coming in with numbers the same as [...] Today the Federal Reserve Board, in it’s monthly Beige Book, said about Real Estate and Construction that “housing markets remained depressed overall, but there were some signs that conditions may be stabilizing.” By: Dennis Norman Today the S&P/Case-Shiller Home Price Indices report was released which indicated that home prices in the 20 metro areas they report were down 19% in January from a year ago. This drop in price is not surprising and only slightly higher than the 18.2% drop reported in December over the price year by Case-Shiller. Unfortunately, [...] By: Dennis Norman Dennis Norman Yesterday the National Association of REALTORS(R) released its existing home sales report for February and it contained some good news. According to the report existing home sales in the U.S. increased 5.1% in February over January although the rate is still down 4.6% from the same time last year. Granted it takes [...] By: Dennis Norman Dennis Norman As anxious as I am to finally see something positive come out about the housing market I am still very skeptical when I hear about reports like I referred to in the headline for this post. Therefore, like an investigative reporter, I went searching for this report, find out who was behind it [...] By: Dennis Norman Just in case you haven’t heard enough about real values median prices and the like I have another housing report to talk about. Yesterday Radar Logic published it’s report on October home prices for 25 metropolitan areas. Radar Logic has only been publishing this housing report since 2000 so they are a fairly newcomer compared [...] By: Dennis Norman If you live in Los Angeles California or Orlando Florida, then the answer unfortunately is yes. However if you live in St. Louis Missouri, Louisville Kentucky, Boston Massachusetts, Houston Texas, Greenville South Carolina or any of dozens of metropolitan areas around the country the answer is no. So why then, for the past 2 days has the media been [...] |
||||
|
Connecting St. Louis Information St. Louis The author and owner of this site are providing the information on this web site for general information only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose Powered by WordPress & the Atahualpa WP Theme by BytesForAll. Now with Tutorials & Support |
|||||
