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Blog entries tagged with "housing prices":
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Summary: A self-employed first time home buyer asks for advice. The first time home buyer has a great credit score but no money for a down payment. Many non-profit programs that used to help with a down payment have gone away. What options does the first time home buyer have without … (0 comments)
Here is a breakdown of homes available in our local towns. The data reflects today August 4th, 2008. The data is broken down to the number of homes broken down into pricing catagories and the number of homes in each catagory. 
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Today the Anchorage Daily News website posted a short little article with the headline "Alaska's housing prices have dropped the fastest in a year".
Several readers commented on the lack of a basis for this headline, given the story referenced a Bloomberg News article which stated that data for individual states was not provided … (0 comments)
The OFHEO has released their data for the beginning of 2008 and it shows again that 36 states are still appreciating! The data in the report from the OFHEO shows that homes in 36 of 50 states have appreciated in price this year! While the report tries to say that prices … (9 comments)
So now that gas prices are well on their way to hitting five bucks a gallon, it begs the question-- how are gas prices going to effect the state of real estate?
Myrtle Beach, South Carolina was featured on House Hunters. Last night, Episode HNT-2509, on HGTV's show talked about housing prices that are the lowest on the east coast. Since I'm a realtor who has been watching HGTV for about five years it was exciting to hear the area get recognized but … (1 comments)
We have heard it over and over again about overpricing a home will result in an unsold home, taking a long time to sell, and reducing the price, over and over again. every article I have read mentions "price reductions" as a necessary solution. And that sellers need to be priced somewhere in the … (7 comments)
Michigan always leads the country into and out of good and bad markets. Right now we are seeing some signs of an improving Michigan market. Home prices are starting to stabilize and lenders are realizing that the worst is finally over. Lenders are now relaxing some of their guidelines due to … (0 comments)
The S&P/Case-Shiller Home Price Indices were released this morning. I have reviewed the data and the news is not very good. The U.S. national index was developed to measure the changing price in home values in particular markets across the U.S. This report is a 3 month average with a 2 month lag.
The … (4 comments)
America's largest downtowns have become some of the best places to hide during the housing downturn. Here's a rundown of home-pricing trends in the central core of a sampling of the country's largest cities:
Chicago The city's prized Gold Coast neighborhood had record sales prices in the last year, but bargains … (0 comments)
With all the talk of declining real estate prices over the last 18 months its no wonder that most buyers waiting on the fence will in fact miss the bottom of the market and end up paying more for the house they want in the future. Why will this happen you … (3 comments)
Every on knows that NOW is the time to buy real estate, unless you've been sleeping under a rock, or you've been living in the dark ages.... everyone knows that NOW is the time to buy. All of this being said there is a good point that there are homes at … (0 comments)
When setting a list price for a home, you should be aware of a buyer's frame of mind. Consider the following pricing factors: If you set the price too high, the house won't be picked for viewing, even though it may be much nicer than other homes on the street. You may have said … (0 comments)
"Have we reached the bottom of housing prices?" Being in my profession as you can imagine I get that question alot. In the past two years the answer has always been no, but I'm happy to report that I feel we are getting very close. I base my conclusion on a … (2 comments)
I don't know! Do YOU know? We hear things.... this person knows one thing, someone else knows something else or they think they know. Then there are the people who really do know something and they aren't doing much talking. (funny how that works, isn't it?)
What we expect is that … (2 comments)
In Orange County many people say, "No, things are going to get worse!" or "Realtors are always overly optimistic". When we see the numerous foreclosures and short sales, it does seem that the downturn is not over and prices will continue to fall. I say prices have fallen enough (40% to … (0 comments)
After a few weeks of unprecedented volatility in the financial markets, with wild swings in mortgage interest rates and multiple days of multiple intra-day rate changes, the mortgage workplace is taking a deep breath.
In the last quarter of 2007, home prices in the United States fell roughly 1.3%. That's a new record fall and not a great sign for those of us involved in the housing industry.A recent survey by the Office of Federal Housing Enterprise Oversight shown that there are some local markets … (0 comments)
75 years ago yesterday, on March 4, 1933, President Franklin Delano Roosevelt gave his first inaugural address. The country was in desperate economic shape – the throes of the Great Depression – and FDR had been elected in a landslide to do something to pick the country back up. 
I like this well-reasoned op-ed that ran in today's Washington Post. It is a good counter-balance to most of what we're hearing these days. Let me know if you agree.The Housing FixBy Robert J. Samuelson - Washington PostWednesday, March 5, 2008; A21"Decline in Home Prices Accelerates"-- Page One headline, the Wall Street … (4 comments)
My last blog said it all with one single chart showing "The ugly picture of the market" . For the past few week the phone have been busier and the traffic has picked up some. So I decided to to take another look at the current situation and see if there was some … (0 comments)
Texas' future prosperity will derive from more people, more jobs and expanded personal income. Increases in employment will result in growth in personal, per capita, household and family incomes. Between 1980 and 2005, Texas' total personal income grew by 422.8 percent, from $142 billion to $741 billion. By first quarter 2007, … (0 comments)
A while back when the house was debating HR 3915 - The Anti Predatory Lending Bill, I had the pleasure of talking with one of the guys who was doing the grunt work on this bill for my congressman, Lacy Clay. In that conversation he told me that lending had gotten … (5 comments)
It appears we may have reached a bottom in housing. A few factors remain such as a reduction of inventory and continuing foreclosures. BUT... Nevertheless we are getting very close to seeing a continuing fall in pricing!
Housing Prices to Freefall in 2008
Looking for realtor opinions here, want to see how the real world views home prices vs. what the media is saying. … (3 comments)
As an appraiser I am asked daily about housing market predictions. Last I checked I do not have a crystal ball better than any other Economist. However, what I do know is several things that may put things into perspective.My job is to analyze a multitude of factual data in the past … (4 comments)
Let me first start out by saying that this Blog is the my opinion and is not the opinion of Keller Williams or NAR.When I was a financial advisor with Merrill Lynch we studied a lot of charts. I vividly remember charts of money flows into mutual funds. Money flow is … (4 comments)
Prices for single family, existing homes increased 1.62% in November 2007 compared to November 2006. In figures reported yesterday by MREIS (Maine Real Estate Information System, Inc.), REALTORS reported 891 sales in Maine in November, compared to 997 sales during November 2006, a drop of 10.63 percent. The median sales price … (8 comments)
Here's the quote of the day...OK two quotes...on housing news. This is in response to data showing a 6.7% FALL in housing prices in October from a year earlier:"This is just the beginning," said Peter Schiff, a Darien, Conn.-based investment adviser known for his bearish views of the housing market. "Pressure … (5 comments)
Housing Prices rose 9.1% in Montana during the second quarter of 2007Don't simply project the condition of the overall U.S. housing market on these western states. Housing Prices rose 9.1% in Montana during the second quarter of 2007, according to the Office of Federal Housing Enterprise Oversight. Other western states showing increases in homes prices … (1 comments)
It seems that housing prices have become quite an obstacle for the real estate market. Personally, I think most people need to take a fresh look at prices. I know, I know... the price of your home is a very emotional thing, and the "media" has everyone frightened of a coming … (0 comments)
Denver Colorado home sale statistics are better than local or national media would lead you to believe. While the US National Home Price Index posted a record annual decline through August 2007, Denver Colorado home sale statistics remained stable. The old saying "the higher you rise the harder you fall," … (3 comments)
Carlos wrote today that the cap on conforming loans is at the heart of the mortgage and real estate market crisis. What he means is that Fannie and Freddie cant buy loans from lenders beyond a certain loan amount. This is true, but it is not really the issue, and markets … (4 comments)
When I first started in Real Estate, I took a lot of time learning about CMA's and how to do one properly to come up with an accurate market value. I used this type of valuation up until the past few months when I started to use an Absorption Rate instead. … (8 comments)
According to the NW Reporter the Seattle area has the 'Hottest Home Prices' in the nation. This interesting articles can be found at the HTML listed and is substantiated by Standard and Poor's findings. Take a look. Despite what the national media is saying Seattle is still a safe and viable place … (0 comments)
I was a little appalled this morning when watching the Today show that they had a gentleman that said "Don't you dare buy now!" He was a TV personality that you often see on shows like CNBC's Mad Money, he was also the co-founder of TheStreet.com, Jim Cramer. He obviously has … (2 comments)
The area has many high rise buildings along the lake front – both condos and apartments. There are also many 2, 3, and 4 flats that are condos or rentals as well as many single family homes. The buildings are mostly brick but there are many greystones and some frame construction … (0 comments)
As we move into August, mortgage interest rates are dropping slightly, responding to rising concerns about a softening housing market. Sales of new and existing homes have been dropping sharply over the past two months. That sparked a major drop in stock values in late July.At the same time, underwriting standards … (0 comments)
House prices are softening in Edmonton and people are once again worried that we will see a spectacular bust in the Edmonton market."There's no sense reducing any product by 5% because it just doesn't work. We're seeing reductions of 10% and more,"Re/Max agent Abe Hering Read ArticleIn a normal market you … (2 comments)
If there is any one question I receive from my clients on an on going basis it is "Which Way Is The Market Going?"Well here is my crystal ball view: Birth Rates and Spending PatternsBefore we look at where the market is going let's look at how it got to where … (2 comments)
It's not world famous for it's homes or real estate. Folks outside Silicon Valley know it as the birthplace of the iPhone. Apple, Symantec, and a very large portion of HP --- to name a few --- call it home. To locals, Cupertino is synonymous with the school system. The Cupertino … (8 comments)
Foster City shares the zip code of 94404 with San Mateo. This city of about 29,000 people sits on the water front of San Francisco Bay with many homes having beautiful waterfront lots. It sits east of 101 and south of 92. <!--{PS..0}--> So "What's Going on in San Mateo County?" … (2 comments)
Below you will find the DQNews-Bay Area press release. How will the media spin doom and gloom out of this news? I am looking forward to your responses...Bay Area home sales drop, prices up<!--<i>by Real Estate Analyst John Karevoll</i><BR>-->May 16, 2007La Jolla, CA.----Bay Area homes sold at the slowest pace in 12 … (1 comments)
I spoke with a Realtor on Friday that "lost" two homes because he (his clients) underbid. The winning offers - in one case the bid was asking price and the other it was just below asking price. Other Realtors are seeing recent increased activity (even 'noise level' is better than cold … (7 comments)
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I found this in the Real Estate Journal, used it, and thought it was an interesting tool to those of you who have not seen this yet... 
In this morning's RISMedia e-newsletter, I read an article with NAR's predictions for the balance of this year, 2006, and into next year, 2007. As most of us have probably expected, housing prices will continue to fall somewhat through the end of the year, and a bit more into 2007. NAR … (0 comments)
So the main question is "What forces effect housing prices?" There's multiple forces that effect housing prices. Ultimately it's supply and demand. But to break it down further there's long term interest rates and lending policies, population shifts, wages, market speculation, and government regulations. There's more forces of course, but I … (0 comments)
There's definitely something in the air in the Long Island housing market. Yes, prices are down and inventory is ever increasing. It requires no stretch of the imagination to recognize that. In the past, it's been my experience when the market turns, buyers come out in droves. They're not necessarily buying, but … (1 comments)