st louis mo housing: Housing Stays Highly Affordable for Fifth Consecutive Quarter
- 05/30/10 02:23 AM
Nationwide housing, bolstered by favorable interest rates and low house prices, hovered for the fifth consecutive quarter near its highest level of affordability since the series was first compiled 19 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).The HOI showed that 72.2% of all new and existing homes sold in the first quarter of 2010 were affordable to families earning the national median income of $63,800, slightly higher than the previous quarter and near the record-high 72.5% set during the first quarter a year ago.“Today’s report is very encouraging because it indicates that homeownership (0 comments)
st louis mo housing: Housing Prices Drop as Recovery in Market Still Shaky
- 01/26/10 11:01 AM
U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes on Tuesday.The S&P composite index of home prices in 20 metropolitan areas slipped 0.2 percent in November after a revised 0.1 percent October dip, for a 5.3 percent annual drop. The home price picture remains mixed despite steady annual improvement, said David M. Blitzer, chairman of the Index Committee at Standard & Poor's.The pace of annual decline in home prices has improved for 10 straight months."Only five of the (0 comments)
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Paul Roesch cell: 618-407-8479