homes sales: Foreclosures And Short Sales Distorting “Home Price Trackers"
- 05/07/11 01:47 PM
In an echo of February’s Case-Shiller Index report, the government’s own home price-tracker — the Home Price Index — showed home values slipping between January and February 2011. The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February, on average, marking the fourth straight month in which prices fell. Furthermore, all 9 regions posted losses from the month prior: Mountain Region : -3.7% from January East South Central : -0.6% from January South Atlantic : -0.9% from January New England : -2.0% from January Before you draw conclusions, however, note that the data at which … (0 comments)
homes sales: Existing Home Sales Unexpectedly Drop In February
- 03/22/11 08:03 AM
Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®. On an annual basis, 4.88 million homes were sold in February - the first time annualized home resales dropped below 5,000,000 since November 2010. An "existing home" is one that's not considered new construction. And it's not just sales volume that's down. Home inventory is higher, too. At the current pace of sales, the number of months needed to sell the complete home resale inventory rose by 1.1 months, to 8.6 months nationally. It's the biggest one-month jump in supply since July 2010 - … (0 comments)
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