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Posts Tagged ‘ Trend Chart of the Day ’

The Detroit Housing Market: And you thought we were crazy…

The Detroit Housing Market: And you thought we were crazy…

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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Another Bullish Sign for Housing Prices in 2012: Increasing Rents

Another Bullish Sign for Housing Prices in 2012: Increasing Rents

Last week I highlighted the bullish signal that the price of newly listed homes after the first of the year were ticking up. This week I have another hint of good news. Rents. In addition to the active housing market, Altos Research now tracks the active rental market. Our set of 750,000 – 1...
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What the resale market tells you about new home construction

What the resale market tells you about new home construction

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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Real Estate Dots

Real Estate Dots

Dorkbot is a semi-monthly meeting of “people doing strange things with electricity.” They have been chugging along in several cities for a decade-or-so. Back in 2005 I presented at a Dorkbot in London, so I have an enduring soft spot for these quirky gatherings. At this month’s Dorkbot in San Francisco, a meteorologist named...
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Trend Chart of the Day: FHA Loan Limit Changes & Home Prices

Trend Chart of the Day: FHA Loan Limit Changes & Home Prices

Lots of yawns and snoozes as expected (see: CNBC Recap & Analysis: Tax Assessment, Morgtage Refis, Valuations, Conforming Loan Limits). The upper end price tiers have been adjusting their ask prices since the early Spring in anticipation of the FHA Loan Limit changes that took place on October 1: Nothing to see here.  Move along…...
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In the News: California Real Estate Market Trends

In the News: California Real Estate Market Trends

Headline #1: California’s Median Home Price Hits 2011 High The Data: Prices leveled off in early 2011 after dropping from their 2010 peaks. Headline #2: Existing-Home Sales Jump Nearly 19% From Last Year The Data: Using “Listings Absorbed” as a proxy for transaction counts (measured as homes that exiting the market for any reason)...
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Trend Chart of the Day: $10k homes in Baltimore

Trend Chart of the Day: $10k homes in Baltimore

Bad in the short-run, but a necessary market-clearing step… (see: REO & Foreclosure Investors – Scavengers or Saviors?) From yesterday’s Baltimore Post: One of every 10 city homes sold during the first half of the year — about 275 in all — fell in that price range. Twice as many sold for under $20,000. Often foreclosures, these...
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Trend Chart of the Day: Detroit Home Prices on the rise?

Trend Chart of the Day: Detroit Home Prices on the rise?

Much to the consternation of those around us, we first saw Detroit’s price strength back in April (See our National Housing Report). From yesterday’s HousingWire article – “Home sales rise 9.6% in greater Detroit area”: The Detroit area experienced a 9.6% surge in home sales in July… Home prices in the four-county metropolitan area climbed 8.8%…...
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Trend Chart of the Day: REO Demand & Las Vegas Home Prices

Trend Chart of the Day: REO Demand & Las Vegas Home Prices

Is the housing market bifurcated or should all supply be considered part of a single housing market? Evidence is mounting that the market is the market – REOs and non-distressed properties cannot be isolated. From Friday’s DSNews article – “Heavy Distress Sends Las Vegas Home Prices to 15-Year Low” - Foreclosure resales – homes...
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Trend Chart of the Day: REO Demand & Phoenix Home Prices

Trend Chart of the Day: REO Demand & Phoenix Home Prices

[08/15/11: Author "told-you-so" update - We saw rising home prices in Phoenix from foreclosure activity much earlier this year.) From HousingWire: “Rise in REO value cuts Freddie Mac holding expenses by 90%” “The decrease in REO operations expense was primarily driven by an improvement in both REO holding period write-downs and disposition losses as REO...
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