From yesterday on Calculated Risk -”House Prices & Lagged Data” - But sometimes the lag can be much longer. Tomorrow morning the January Case-Shiller house price index will be released. This is actually a three month average for house sales recorded in November, December and January. But remember that the purchase agreement for a...
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Business Insider Pop Quiz: Which is the only housing market that showed gains in 2011 (using the Case-Shiller Home Price Index)? Answer: Detroit …which is what we’ve been saying for months: Trend Chart of the Day: Detroit Home Prices on the rise? (Aug 15, 2011) Top 3 US Housing Markets (Oct 20, 2011) Imported...
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“Geez, it’s almost there. If we could just get another 851,489 houses for sale in the market, we’ll have it juuuuuust right…” We released our February National Housing Report yesterday – “US Home Prices Already Climbing in February,” in which we highlight the role of declining active market housing inventory in this year’s home...
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Yes, home prices are down… Back in October… …but getting less bad because inventory is down and still declining. The foreclosure pipeline is clogged in Florida, while New York and New Jersey still have their robo-signing hangovers: The constrained supply is also keeping days-on-market in check – sellers are still able to unload their...
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If you want to know if new home starts are going higher, watch the active market listings. Residential housing reported higher numbers for November today. What do homebuilders know about housing that surprised the stock market today? Home prices are getting less bad: How? Inventory is down. While the foreclosures are clogged somewhere in...
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In August 2011, the United States Federal Housing Finance Agency offered its “Request for Information” (RFI) for REO Asset Disposition including a transition to a rental-based solution, soliciting ideas from the private sector, academia, and research groups on the handling of the existing REO inventory. From the August release: The Federal Housing Finance Agency...
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http://www.housingwire.com/2011/12/09/gses-spend-nearly-1-billion-on-property-preservation
Related Posts:Property Wire-Residential Property Listings Still Falling in 10 CitiesAnnouncing Rental Intel: Real-time Analytics on the Homes and Apartment Renta...
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Affordability measures price, but Capita per Inventory measures housing demand relative to supply, and isn’t that the point? RIM’s Playbook tablet, originally priced at $499 is now selling for $200. Very affordable compared to Apple’s iPad at $499-800+. But which tablet do you want for Christmas? And that’s the point – affordability doesn’t mean...
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Starting in March, Detroit’s listing prices (a.k.a “asking prices”) began rising in our weekly numbers, with a full-fledged upswing by the summer months: As reported in DSNews about today’s Case-Shiller numbers – Detroit and Washington D.C. were the only two cities to see positive annual returns of +2.7 percent and +0.3 percent, respectively. Just last...
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A shout out to Rick Sharga for working in our “Catfish Recovery” meme into his recent presentation. From HousingWire: “We’re looking at a catfish recovery,” he told attendees at the Asian Real Estate Association of America conference in San Francisco Friday, saying the market will bump along the bottom for some time before starting...
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