home prices: Price Declines can be Good News!
- 12/18/08 05:04 AM
The median price of a new home compared with a year ago, fell by the largest amount in nearly four decades." .... ever be considered optimistic for housing. don't get me wrong this is not great news for Real Estate. In fact, here in Greater Phoenix and its familiar towns of Scottsdale, Paradise Valley, Fountain Hills, Tempe and Mesa, we are hit more than most. However, can these numbers ever be interpreted to be good news? One of the major problems facing the ailing real estate market is the difficulty for buyer's to obtain loans. Due to the sub-prime debacle, lenders … (0 comments)
home prices: Statistics Reveal Housing Market Bottom is Close
- 10/29/08 05:13 AM
How close are we to a bottom in the housing market? If The PMI Group is right, we're closer than you might think. PMI, a mortgage insurance firm, looks at trends in home prices, local wages and employment, and other factors to calculate the likelihood that home prices in a given city will be lower two years from now than they are today. Based on their calculations, about 65% of the nation's housing markets have less than a 10% chance of falling, and 38 of the top 100 have a less than 1% chance.
•Ø In October 2005, near the … (0 comments)
home prices: Home Prices Drop - good news ???
- 09/01/08 05:23 PM
can home price drops.... ever be considered optimistic for housing. don't get me wrong this is not great news for Real Estate. In fact, here in Greater Phoenix and its familiar towns of Scottsdale, Paradise Valley, Fountain Hills, Tempe and Mesa, we are hit more than most. However, can these home price declining numbers ever be interpreted to be good news? One of the major problems facing the ailing real estate market is the difficulty for buyer's to obtain loans. Due to the sub-prime debacle, lenders have taken major losses, and in many many cases are out of business. Lenders are … (0 comments)
home prices: Silver Lining found
- 08/26/08 04:46 AM
Just moments ago, the S&P Case Shiller index reported home prices dropping by "the sharpest rate ever in the second quarter, but the data for June suggest the severity of the housing slump may be waning." The index showed "monthly indices also clocked in record declines. The 20-city index fell by 15.9 percent in June compared with a year ago, the largest drop since its inception in 2000. The 10-city index plunged 17 percent, its biggest decline in its 21-year history." However, the rate of single-family home price declines slowed from May to June, a possible silver lining, the index creators … (0 comments)
home prices: the Good, the Bad, & the Ugly
- 08/25/08 07:15 AM
The Good News -Sales of existing homes rose 3.1 percent in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. The Bad News - and prices were down dramatically. The median price for a home sold in July dropped to $212,000, down by 7.1 percent from a year ago. The Ugly News -the number of unsold single-family homes and condominiums rose to 4.67 million, the highest number since 1968, when the Realtors group started tracking the data. According to the NAR , That represented a 11.2-month supply at the … (0 comments)
The median price of a new home compared with a year ago, fell by the largest amount in nearly four decades.";)
;)
