Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Friday, June 22, 2012
U.S. Existing Homes Sales Slip, But Prices Show an Improvement / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes fell 1.5% to an annual rate of 4.55 million units in May following an increase in April. Purchases of single-family existing homes declined 1.0% to an annual rate of 4.05 million. Sales of existing homes rose 1.0% in Midwest but dropped in the Northeast (-4.8%), South (-0.6%), and West (-3.4%) during May. The sales mark of existing homes has risen nearly 21% from the low in November 2008 but it has been a long four-year journey. The swings in home sales when the first-time home buyer credit program was in place are excluded from consideration.
Tuesday, May 29, 2012
U.S. House Price Index Maintains a Slow Improvement Trend / Housing-Market / US Housing
By: Asha_Bangalore
The Case-Shiller home price index rose 0.1% in March, after a 0.2% gain in the prior month. The back-to-back monthly increase is noteworthy because one gains of this sort were seen several ago, excluding the period when the first-time home buyer program was in place. On a year-to-year basis, the quarterly Case-Shiller home price index posted a 1.9% decline in first quarter (see Chart 3). The Corelogic Home Price Index shows a nearly similar improvement in the first quarter (-1.7%, see Chart 3).
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Sunday, May 27, 2012
"Crash is Over", U.S. Housing Market has Bottom Declared / Housing-Market / US Housing
By: EWI
"The crash is over", says an economist. "Housing can only go up," says another. "I think the market has bottomed out," says one builder. "It appears we have turned the proverbial corner," says a second.
Wednesday, May 23, 2012
U.S. Housing Market Bulls vs Bears Showdown / Housing-Market / US Housing
By: Bloomberg
**HOUSING SHOWDOWN: Housing bear Gary Shilling and housing bull Mark Kiesel of PIMCO debated the state of the U.S. housing market on Bloomberg Television's "Street Smart" with Trish Regan and Adam Johnson.
Shilling said that housing prices will decline 20% this year because "there are 2 million inventories, both visible and shadow inventories, over and above normal working levels", which is "a tremendous overhang." He went on to say that "excess inventories are the mortal enemy of prices."
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Wednesday, May 23, 2012
U.S. Housing Market Is Stabilizing / Housing-Market / US Housing
By: Asha_Bangalore
Sales of existing homes rose 4.6% in April to annualized rate of 3.4 million units, following decline in February and March. Purchases of single-family existing homes rose 3.0% to an annual rate of 4.09 million units. The April sales tally of existing homes is the best in the entire recovery excluding the spikes recorded when the first-time home buyer credit program was underway and sales readings of January 2012. On a 3-month moving average basis, sales of existing single-family homes have been essentially flat.
Tuesday, May 08, 2012
Getting Ahead of the Competition or Is U.S. Commercial Real Estate Market about to Crash? / Housing-Market / US Housing
By: Ron_Jaenisch
Trading is a craft. It is part art and part science. in order to succeed in trading one needs to recognize what is probable to occur in the future and be ahead of others in related fields.
An excellent example for this focus is the Chart of CBG. This is an excellent international firm profiting from commercial real estate turnover and value growth, as a result of thier activities. Their future is tied to the profitability of Commercial Real Estate, as well as being ahead of their competitor Advanced Market Consulting who has an excellent reputation with a lower cost structure.
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Sunday, April 29, 2012
U.S. GDP Miss Far Bigger Than Announced, Real GDP is 0% / Housing-Market / US Economy
By: Mike_Shedlock
The Advance Estimate for Q1 GDP came in at 2.2%, down from 3.0% in the previous quarter, and below most mainstream media estimates of 2.5%.
However, my friend BC notes ....
The GDP deflator is reported to have averaged 1.2% annualized in the past 2 qtrs. Had the trend rate from '11 persisted, the deflator would have subtracted 2.6% annualized from real GDP, resulting in a 2-qtr. growth of real GDP of 0%.
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Friday, April 27, 2012
Another U.S. Housing Market Indicator Pointing to a Turnaround / Housing-Market / US Housing
By: Asha_Bangalore
The Pending Home Sales Index (PHSI) of the National Association of Realtors increased 4.1% to 101.4 in March, the highest since April 2010. The PHSI reflects contracts not actual closings of sales of existing homes and typically lead actual sales by 1-2 months.
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Wednesday, April 25, 2012
Is This the U.S. Housing Market Bottom? / Housing-Market / US Housing
By: Money_Morning
Don Miller writes:
Analysts, government officials and certainly homebuyers are spending hours trying to figure out if we have reached the housing market bottom.
Yesterday's (Tuesday's) data would seem to suggest the bottom is a bit bumpier than most people think.
According to the S&P/Case-Shiller home price index of 20 cities, home prices declined 3.5% from a year ago, while the 10-city composite slipped 3.6%. That meant fresh new post-bubble lows for home prices.
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Wednesday, April 25, 2012
Improving U.S. Housing Market? / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new homes fell 7.1% in March to an annual rate of 328,000, hold your breath and don’t be disappointed. The level of sales would have been much lower if the sales of new homes of February had not been revised to an annual rate of 353,000 from the earlier estimate of 313,000 and January’s sales was 318,000 and not 329,000 as the report shows today. Essentially, there were upward revisions of new home sales from December (small upward revision) through February, which has changed the recent trend of new home sales. The 6-month moving average of new home sales has risen to 331,000 in March, up 13.7% from a low of 291,000 in October of 2010 (see Chart 1). So, the good news is there is a small pickup in sales of new homes.
Monday, April 23, 2012
UK Mortgages Fixed Interest Rates Plummet / Housing-Market / Mortgages
By: MoneyFacts
The average rate of a five year fixed mortgage has decreased over the past year, from 5.59% to 4.86% today.
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Saturday, April 21, 2012
U.S. Housing Market Sector – Why the Fed Depicts it as "Depressed" / Housing-Market / US Housing
By: Asha_Bangalore
The National Association of Realtors published existing home sales data for March; it was down. But, the strength of January home sales gave a lift to the quarterly read. Housing starts data for March show a drop in new homebuilding activity but the first quarter average shows a gain of 10.5%. New home sales numbers will be published on April 24. Sales of new homes fell in January and February, a sharp increase in March sales will be necessary to give a boost to the quarterly average. These numbers need to be viewed in a historical context to evaluate the current status of the housing sector.
Monday, April 16, 2012
UK 95% LTV Mortgage Availability Doubles in a year / Housing-Market / UK Housing
By: MoneyFacts
The number of mortgage products offering maximum loan-to-values of 95% has more than doubled over the past year, from just 27 to 61 today.
Deals with a maximum LTV of 90% have also increased to 316 today compared to 228 this time last year, an increase of 43%.
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Friday, April 13, 2012
Could U.K. House Prices Fall Again By Another 20%? / Housing-Market / UK Housing
By: Andrew_Butter
Personally, I thought the bounce of house prices in UK starting April 2009 was an illusion. Three years later, they still didn’t go down so I started to think I obviously got that wrong, although there is still a niggling doubt in the back of my head.
Tuesday, April 10, 2012
Outlook for the Busted U.S. Housing Market, Cheapest Prices in 40 Years / Housing-Market / US Housing
By: LewRockwell
Addison Wiggin. writes: A little more than a year ago, a very successful professional investor declared, “If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home.”
Tuesday, April 03, 2012
UK Interest-only mortgage house arrest / Housing-Market / Mortgages
By: MoneyFacts
There has been a sudden surge in lenders reducing the LTVs on interest-only mortgages to just 50%, placing them firmly out of the reach of the majority of borrowers.
Lenders cite this as ‘prudent’ borrowing but anyone who currently has an interest-only mortgage at a higher LTV than 50% needs to consider their limited options quickly.
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Tuesday, April 03, 2012
Where Would Warren Buffett Invest Today? / Housing-Market / US Housing
By: Money_Morning
Jason Simpkins writes:
If Warren Buffett was going to invest in anything right now, where would he put his money?
At first, that question may be difficult to answer. But if you think about Buffett's classic investment approach - focusing on real assets with a reliable return and prizing valuation - it gets a little easier.
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Monday, April 02, 2012
Falling UK Mortgage Interest Ratesm, Should Borrowers Rejoice? / Housing-Market / Mortgages
By: MoneyFacts
The Bank of England base rate has remained at an all-time low of 0.50% for three years, the longest hold for 60 years.
Moneyfacts research shows that as the current economic climate took hold three years ago the average deposit needed for a mortgage rose to 40%. Currently it hovers around the 25% mark, thanks to an increase in higher loan-to-value deals.
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Wednesday, March 28, 2012
U.S. House Prices Index Maintains Downward Trend / Housing-Market / US Housing
By: Asha_Bangalore
The seasonally adjusted Case-Shiller Home Price Index held steady in January. Among the 20 metro areas that the index tracks, eight metros reported increases in prices (Seattle, Tampa, Miami, Washington, Minneapolis, Phoenix, Dallas, and Denver) during January, while it was unchanged in Boston and Las Vegas, and fell in the remaining metros.
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Saturday, March 24, 2012
U.S. Housing Market New Home Sales Show Disappointing Performance / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes fell 1.6% to an annual rate of 313,000 in February. The level of single-family home sales is up 12.6% from the historical low of 278,000 registered in August 2010 (see Chart 1). Sales of new homes rose in the Northeast (+14.3%) and West (+8.0%) but fell in the Midwest (-2.4%) and South (-7.2%).