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housing prices: Not So Sweet 16
- 05/19/11 08:13 AM
Here are 16 tidbits of information
that are impacting the housing market:
1. According to Zillow, 28.4 percent of all single-family homes with a mortgage in the United States are now underwater
2. According to Zillow the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month
3. U.S. home prices have now fallen a whopping 33% from where they were at during the peak of the housing bubble
4. During the … (2 comments)
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housing prices: How Low Will We Go?
- 03/31/11 10:46 AM
How Low Will We Go?....
5%, 10%, 20%
Nobody Knows!!!!
What do we know?
We do know that Foreclosure Inventory Volume is outpacing Foreclosure Sales.
We know that Foreclosure Sales make up approximately one-third of all home purchases.
We also know that Distressed Properties sell at a discount, which lower property values in those neighborhoods.
Something else we know...banks are eager to get rid of the foreclosed properties.
Obviously unemployment has a HUGE impact; a market with higher unemployment will perform worse … (0 comments)
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housing prices: Housing Prices Continue to Slide
- 12/01/10 11:04 AM
The U.S. housing market is showing signs of falling deeper into a slump that could weigh on the nation's economic recovery.
Home prices nationwide were down 1.5% in the third quarter, compared with a year ago, according to the S&P/Case-Shiller home-price index released Tuesday.
The drop reflects the sharp fall in home sales after government home-buying tax credits expired earlier this year.
Prices fell even more, by 2%, in the third quarter, compared with the second quarter.
Despite a somewhat improving job market and growth in consumer spending, home prices and sales have stayed consistently depressed through the … (2 comments)
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