home prices: Where are House Prices Actually Headed? - 05/22/12 11:02 PM
Where Are House Prices Actually Headed? by THE KCM CREW on MAY 22, 2012 
We are often asked where we believe home values are headed. To answer this question we want to quote three separate reports that have been published in the last 60 days: the Home Price Expectations Survey (HPES), the Urban Land Institute Real Estate Consensus Forecast (ULI) and the Demand Institute’s Report (DIR): The Shifting Nature of U.S. Housing Demand. Here are their projections:

A slow but steady return is projected by all.
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home prices: Home prices close to bottoming, to rise in 2013 - 04/12/12 02:38 AM
WASHINGTON (Reuters) - The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was for the S&P/Case-Shiller 20-city home price index to end the year unchanged. That was the same finding back in January for this house price gauge, which covers 20 cities. "We are expecting a gradual improvement, but if we get a big wave of new foreclosures coming to the … (2 comments)

home prices: Wall Street Journal & Forbes: It’s Time to Buy A Home - 10/17/11 03:40 AM
Wall Street Journal & Forbes: It’s Time to Buy A Home by THE KCM CREW on OCTOBER 17, 2011 We believe very strongly that now is the time to buy a home. Some will say we are just saying this to create real estate transactions and commissions. Because of that, today we will quote what those outside the real estate profession are saying to the people who look to them for financial advice.
The Wall Street Journal Last week, in an article entitled It’s Time to Buy That House, the WSJ told their subscribers:
“It’s an excellent time to buy a house, either to live in for the long … (2 comments)

home prices: Existing home sales tumble 9.6% or did it? - 03/21/11 04:14 AM
By Charles Riley, staff reporter March 21, 2011: 10:25 AM ET NEW YORK (CNNMoney) -- Sales of existing homes fell in February after three straight monthly increases, an industry group said Monday. According to the National Association of Realtors, homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than economists had expected. A consensus of experts surveyed by Briefing.com had forecast an annualized sales rate of 5.05 million. At the same time, the median home price declined 5.2% compared to the previous year, to … (1 comments)

home prices: If Your Goal Is to Buy Low, Buy Now! - 03/09/11 01:06 AM
If Your Goal Is to Buy Low, Buy Now! by The KCM Crew on March 1, 2011
There is a very famous saying which asserts “Sell High, Buy Low”. It is obviously great advice no matter what the investment. Below is a graph showing the cycle of investments. It shows the points of maximum risk and maximum opportunity when purchasing. We want to sell high (point of maximum risk) and buy low (point of maximum opportunity).
The challenge is how to determine when we have hit bottom if you are a purchaser. The only time you can guarantee a bottom is after you pass it.

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home prices: Where are Home Prices Headed? - 01/28/11 01:54 AM
The National Association of Realtors (NAR) has been reporting great news recently. Last week’s Existing Home Sales Report and yesterday’s Pending Sales Report both showed consecutive months of increases in the number of homes sold. Finally, buyers are jumping off the fence and taking advantage of one of the most opportune times to purchase a home in America’s real estate history. With an increase in demand, price appreciation can’t be far behind, can it? Actually, the answer is NO! Prices are not determined by demand alone but in the relationship of demand to available supply. The inventory of homes for sale … (1 comments)

home prices: Long Island Home Prices for 2010 - 01/27/11 11:07 AM
House prices for the last three months of 2010 rose in the North Fork and the Hamptons market but fell for the rest of Long Island, according to data released Thursday.
Among high-end homes, the median closing price of $730,000 was a jump of 4 percent from a year ago and 17 percent from the preceding quarter, said Prudential Douglas Elliman Real Estate, which commissioned the report. Data show sales fell 5 percent from a year ago, when pent-up demand led to many deals, but rose 15 percent from the preceding quarter.
But for what is considered Main Street Long … (0 comments)

home prices: Shadow Inventory What is it and what affect does it have on YOU? - 05/12/10 06:21 AM
Shadow Looms Over Home Prices by Steve Harney on May 12, 2010

“We should pay heed to foreclosure activity, which have reached their highest level in at least the last five years. As these homes are put up for sale, we may see some further dampening in home prices.”
– S&P Case Shiller Home Price Index 4/27/2010
“We expect the high rates of negative equity and foreclosures to keep national home value appreciation near zero for some time, possibly as long as five years.”
- Zillow Real Estate Market Report 5/10/2010
We have made the point several times over … (0 comments)

home prices: Loan Defaults Being Used as a STRATEGY by Homeowner's Able to Pay! - 02/04/10 05:06 AM

 

 

 

 
Keep in mind that these defaults are by those with the ability to pay the monthly mortgage. They are choosing NOT TO, usually because they feel it just doeesn't make any sense to make the payment on an "asset" that is now worth much less than the obligation of the loan.  These are people who paid on time last month, but CHOOSE not to pay this or next month.  They will either try to sell the property "Short" (for less than they owe and hope the bank will take the loss) or just … (0 comments)