December Existing Home Sales Up 12.3 Percent Sequentially From November 2010 , But Off 2.9 Percent Year-Over-Year from December 2009 — Median Price Down 1 Percent (Basically Unchanged) From a Year Ago. While home sales continue to recover from the retreat seen at the expiration… Read more

Most Stressed States Face Economic Woes- Realtor.org  Not surprising, four of the top five most direly-economically-stressed states include the four states with worst housing performance:   California Arizona Nevada Florida And the fifth?  Michigan. Again, no surprise.     It’s amazing how well housing market… Read more

Houston home sales down for 5th straight month- KHOU Channel 11 News Houston. http://www.khou.com/news/local/Houston-home-sales-down-for-5th-straight-month-112288884.html

While you might think that a double-digit sequential increase in existing home sales from August to September means the U.S. economy is coming back—but be careful to base that number of sales on the typical in the U.S. Way back in 2002 (when we probably… Read more

Another Top 10 City List (But this time twofers) Top 10 Cities Where Buying, Renting Pay Off- realtor.org

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… Read more

An MIT economist is now forecasting a rapid recovery in the housing construction segment (click here to see article). While I agree that construction will indeed return, growth is not imminent. In the long run, a growing population will require extensive construction. But in the… Read more

August existing home sales declined 19 percent from August 2009, but were up sequentially 7.6 percent from July 2010. Median price was unchanged at $178,600. Existing-Home Sales Move Up in August- National Association of Realtors

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,… Read more

Record low interest rates and a volatile and uncertain stock market are spurring underwater homeowners to bring cash to sell their home and then go right back out and buy bigger-better homes at significantly reduced prices.  Doubling Down on Housing- WSJ