Yesterday the Case-Shiller Index (owned by Standard and Poors), reported that U.S. home prices declined once again, now down from the peak on a national average 33.9 percent based on the 20-city composite index. Once again I invoke the TINSTAANREM clause—There Is No Such Thing As A National Real Estate Market since not all markets …Read more
The Wall Street Journal contrasts high-end homeowners, some of which refuse to reduce their listing prices (and the property lingers) and some that cut their asking price and actually sold the property. The Case-Shiller Index shows a 28 percent decline in all housing since the peak, and there is no reason to believe that high-end …Read more
When you look at investments, you have to consider the alternatives to gauge whether buying is attractive or not. By all means make certain to include the tax ramifications. It’s the alternatives that the writer of the commentary below leads to conclusion that foreclosed housing is the way to go. One of the big issues …Read more
May 2010 Case-Shiller Home Price Series Indicates Most Markets Coming Off the Bottom — A Few Markets Gaining Double The majority of the 20 cities included in the S&P Case-Shiller Home Price Indices are showing gains off the bottom in May. Three cities, San Diego, San Francisco and Minneapolis all reported year-over-year gains of more …Read more
Experts see underlying weakness in housing Despite a surprising surge in home sales reported this week experts say the housing market’s spring fling has been fueled by now-expired tax credits and is unlikely to last.
But a Ways to Go to Get There James Hagerty of the Wall Street Journal once again has written about upcoming speed bumps in the road to recovery in the housing debacle. (see below following this commentary). As the housing bubble commences the final–albeit still painful phase of bursting–we see light at the end of …Read more