Tag Archives: Home Prices – Are We There Yet?

March 2014 Existing Home Sales Down 7.5 Percent From a Year Ago — Median Price Up 7.9 Percent: Weather, Lending Regulations and Affordability

March existing home sales were just released by the National Association of Realtors® (NAR), showing a 7.5 percent decline in sales from March 2013. Sequentially from February, sales were essentially flat, down just 0.2 percent. The Seasonally Adjusted Annualized Rate (SAAR) as of March 2014 was 4.59 million home sales. This was the lowest rate …Read more

How Much TV Homes Would Cost

Have you ever seen the situation comedy “2 Broke Girls”? They could have gotten that title just from what the rent on that their Brooklyn apartment would cost alone. Bankrate.com has done some research and reported how much the home or apartment would cost or rent for, for six TV-based shows. Their findings and discussion …Read more

July 2013 Existing Home Sales — Best in Four Years — Year-Over-Year Homes Sales Up 17.2 Percent, Median Price Up 13.7 Percent — Likely to Cool as Interest Rates Rise, But Still Going to Be Up

Existing home sales continue to significantly improve, with the July 2013 seasonally-adjusted annualized rate hitting the greatest level in almost four years, according to the National Association of Realtors (NAR). For the month of July, the SAAR of existing home sales tallied 5.39 million, up from 4.6 million in July 2012, a gain of 17.2 …Read more

Foreclosure Snapshot — Things Are Looking Up

Homeowners have seen rising equity as home prices have recovered, and correspondingly the amount of distressed real estate reaching the market continues to wane. CoreLogic, a leading provider of property information, analytics and services with a $2.6 billion market cap, monthly releases a report summarizing foreclosures and distressed real estate in the CoreLogic National Foreclosure …Read more

May Existing Home Sales Performance Continues the Run — Median Prices Up 15.4 Percent Year-Over-Year and Sales Up 12.9 Percent

The housing recovery continues in robust terms with May 2013 sales, now at a seasonally-adjusted annualized rate (SAAR) of 5.18 million, up 12.9 percent year-over-year and up 4.2 percent sequentially from April 2013, according the National Association of REALTORS® (NAR). Sales numbers are the greatest since November 2009, when consumers flocked to the market to …Read more

Another Top-10 List: Cheapest U.S. Cities to Live In

One thing this ongoing economic downturn forced was an increasing sensitivity in both individuals and businesses to the comparative costs of living—and ultimately the cost of doing business. Kiplinger reported the 10 most-affordable cities based on analyses by the Council for Community and Economic Research’s quarterly calculation of living expenses. Kiplinger excluded cities less than …Read more

Home Prices — A Whole Lot Better Performance Than Autos

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