Real Estate



Median and Average Sales Prices
 



Average U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
 
Average U.S Real Estate Price Log Chart (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
 
Average U.S. Real Estate Price (Logarithmic Graph) divided by CPI (Consumer Price Index)
 
Average U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
 
Median U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
 
Median U.S. Real Estate Price (Logarithmic Graph)
 
Median U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
 
How many Ounces of Gold does it take  to buy the Average U.S. House?
Average U.S.  real estate price divided by gold
 
How many shares of the Dow Jones Industrial Average does it take  to buy the Average U.S. House?
Average U.S.  real estate price divided by Dow Industrial
 
CME Composite Housing Index Futures (CME Housing futures are cash-settled to a weighted composite index of U.S. real estate prices)

 
Real Estate Prices: Boston (CME Housing futures)
 
Real Estate Prices: San Diego  (CME Housing futures)
 
Real Estate Prices: Las Vegas  (CME Housing futures)
 
Real Estate Prices: San Francisco  (CME Housing futures)
 
Real Estate Prices: Chicago (CME Housing futures)
 
Real Estate Prices: Miami (CME Housing futures)
 
Real Estate Prices: New York  (CME Housing futures)
 
Real Estate Prices: Los Angeles  (CME Housing futures)
 
Real Estate Prices: Denver  (CME Housing futures)
 
Notes & Links:



Top Ten Holdings of IYR (iShares Dow Jones US Real Estate)
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2/3/09 U.S. pending home sales rose 6.3% in December, stronger than expected.
(Bloomberg) -- A record 19 million U.S. houses stood empty at the end of 2008 as banks seized homes faster than they could sell them and prices continued to fall.
1/27/09 YoY the S&P’s/Case-Shiller index of home prices fell 18.2% in November
1/26/09 U.S. existing home sales were at an annual rate of 4.74 million units, up 6.5% MoM, stronger than expected
1/22/09 U.S. housing starts fell 15.5% MoM and 33% YoY.
12/11/2008 U.S. foreclosure activity dipped 7% MoM, but jumped 28% YoY RealtyTrac said
12/9/2008 U.S. pending home sales fell 0.7% in October.
12/8/2008 More than half of all homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said.
12/3/2008 The Mortgage Bankers Association said U.S. mortgage applications rose 51% WoW -- helped by a 30-year fixed rate at 5.47%.
11/26/08 U.S. New home sales fell 5.3% MoM. YoY new home sales are down 37%.
11/25/08 YoY S&P/Case-Shiller national index fell 17% in September.
11/24/08 The National Association of Realtors said Home resale’s fell to a 4.98 million annual rate, a 3.1% decrease from September's revised figure.
The median-sales price declined to $183,300.
11/18/09 YoY the median price of a U.S. home fell 9%, the Chicago- based National Association of Realtors said today.
11/12/08 (Reuters) - Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
11/7/2008 The National Association of Realtors said U.S. pending home sales fell 4.6%
10/28/08 The U.S. Standard & Poor's/Case-Shiller index of home prices in 20 cities fell 1.0% in August and 16.6% YoY. YoY prices fell more than 30% in Las Vegas and Phoenix. Prices in Miami, San Francisco, Los Angeles and San Diego all fell more than 25%.
10/27/08 U.S. new home sales were at an annual rate of 464,000 in September, up 2.7% MoM and down 36% YoY.
10/24/08 The National Association of Realtors said existing home sales were at an annual rate of 5.18 million units, up 5.5% in September.
10/23/08 RealtyTrac said 765,558 foreclosure filings were made on U.S. properties in the third quarter of this year - up 3% from the second quarter and 71% YoY.
10/8/2008 U.S. pending home sales rose 7.4% in August, more than expected.
9/30/08  According to Standard & Poor's/Case-Shiller index U.S. Home prices fell 0.9% in July, and down 16.3% YoY.
9/25/08 U.S. new home sales fell 11.5% from July's pace -- weaker than expected.
9/23/09 U.S. existing home sales fell 2.2% on the month -- weaker than expected.
9/9/2008 The National Association of Realtors said pending home sales fell 3.2% in July and down 6.8% YoY.
8/19/08 U.S. housing starts were at an annual rate of 965,000 units in July, down 11% from June's pace, and down 30% YoY.
8/14/08 The National Association of Realtors said YoY the prices of single family homes fell 7.6% in the second quarter.
8/7/08 U.S. pending home sales rose 5.3% in June, better than expected. YoY pending home sales are down 12.3%.
7/24/08 U.S. existing home sales fell 2.6% on the month.
6/26/08 U.S. existing home sales were at an annual rate of 4.99 million units, up 2.0% in May. At the current sale pace, this represent a 10.8 month supply.
6/25/08 U.S. New home sales were at an annual rate of 512,000 units in May, down 2.5% from April's pace. YoY new home sales are down 37%.
6/24/08 The S&P/Case-Shiller index of U.S. home prices fell 1.4% in April and down 15.3% YoY.
5/28/08 The S&P/Case-Shiller home-price index fell 14.4% YoY.
5/23/08 U.S. existing home sales fell 1% MoM to a 4.89 million-unit annual rate, the National Association of Realtors said.
The median price of an existing home fell to $202,300 from $219,900 in April 2007.
The number of previously owned unsold homes on the market at the end of April jumped to 4.55 million from 4.12 million in March. This represented 11.2 months' supply at the current sales pace.
5/17/08 U.S. Home construction rose 8.2% in April, making the biggest increase in two years. However, the rise was driven by a surge in multifamily housing, while single-family starts dropped.
5/7/08 U.S. pending home sales index fell 1.0% in March and down 20.1% YoY.
4/29/08 According to the Standard & Poor's Case-Shiller home price index U.S. home prices fell 12.7% YoY.
4/23/08 U.S. New home sales were at an annual rate of 526,000 in March, down 8.5% from February's pace and down 36.6% YoY. New homes for sale rose from 10.2 to an 11-month supply.
4/22/08 The National Association of Realtors said existing home sales fell 2% MoM, and 19% YoY.
4/15/08 U.S. housing starts fell 11.9% MoM and 36.5% YoY
3/25/08 Standard & Poor's/Case-Shiller index of U.S. home prices fell by 11.4% in January, the biggest monthly drop since the index began in 1987.
1/29/08 According to Standard & Poor's/Case-Shiller, U.S. home prices fell 8.4% YoY. With double-digit declines recorded in some hard-hit areas, such as Miami, San Diego, Las Vegas and Detroit.
1/28/08 U.S. New-home sales fell 4.7% MoM, and 26% YoY. The median price of a new home fell 10% YoY to $219,200.
1/24/08 U.S. existing home sales are down 2.2% MoM and down 22% YoY.
Prices of single family homes were down 1.8% in 2007 -- the first decline since records began four decades ago.
12/11/07 The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY.
A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.
11/27/07 U.S. Home prices fell 4.5% in the third quarter from a year earlier.
10/30/07 US real estate wealth is expected to fall anywhere from US$2 trillion to US$4 trillion when the total costs of the recent credit crunch are tallied, the New York Times reported.
10/25/07 U.S. New home sales fell 23% YoY.
10/24/07 U.S. Existing home sales fell 8.0% from August's pace -- the lowest since records began in 1999.
10/17/07 U.S. Housing starts were down 10.2% MoM and down 31% YoY.
9/28/07 New homes sales in the U.S. dropped 8.3 percent to an annual pace of 795,000 in August.
9/21/07 A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will sink into recession, former Fed chief Alan Greenspan was quoted as saying.
8/26/07 The U.S. Census Bureau said new home sales were at an annual rate of 870,000 in July, up 2.8% from June's rate. So far in 2007, new home sales are down 21% YoY.
7/19/07 Losses in the fast-unraveling subprime lending market could top $100 billion, but the Federal Reserve is taking measures to protect borrowers, according to Fed Chairman Bernanke.
6/26/07 The U.S. Census Bureau said new home sales were down 1.6% from April's pace, and down 21% YoY. This is the fourth drop in the past five months, providing further evidence of a continued slump in housing.
6/25/07 The National Association of Realtors said that U.S. existing home sales were down 0.3% MoM -- better than expected.
5/25/07 The National Association of Realtors reports U.S. existing home sales down 2.6% from March's pace and the lowest level in over three years. Current inventories of homes for sale represent an 8.4 month supply, the most in 15 years.
5/1/07 The National Association of Realtors said pending U.S. home sales fell 4.9% in March, more than expected.
4/20/07 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.12 million units in March, down 8.4% from the previous month and weaker than expected. YoY Median home prices were down 0.3% in March.
4/3/07 The National Association of Realtors said U.S. pending home sales increased from 108.5 to 109.3 in February, more than expected.
3/26/07 U.S. New home sales were weaker than expected down 3.9% from January's pace. This # is dimming hopes for a rebound in the housing market and increasing worries about the health of the economy
3/13/07 Question marks continue to hang over the US mortgage market. The Securities & Exchange Commission is investigating troubled subprime mortgage lender New Century, the firm has revealed.
2/28/07 New home sales fell by 16.6%, the Commerce Department said Wednesday. The monthly decline was the biggest, since a 23.8 percent drop-off in January 1994. The median sales price of a new U.S. home rose $400 to $239,800.
2/26/07 US mortgage crisis goes into meltdown Nouriel Roubini, economics professor at New York University, says the housing bust is slowly pulling America into recession. He cites a 14.4pc drop in housing starts last month; an expected loss of 600,000 real estate jobs in 2007; a sharp fall in home equity withdrawals - down from 6pc of GDP at the top of the boom; and a squeeze as $1,000bn of mortgages are adjusted upwards this year to higher interest rates.
2/12/07 The number of U.S. homes entering foreclosure rose to 130,511 in January, up 25% YoY.
12/28/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.28 million units in November, up 0.6% from October's pace, but still down 10.7% YoY.
12/19/06 U.S. Housing starts came in at an annual rate of 1.588 million units in November, up 6.7% from October's pace. So far in 2006 housing starts are down 12.5% YoY.
12/11/06 The National Association of Realtors expects U.S. existing home sales down 8.6% in 2006 and down 1.0% in 2007.
11/29/06 U.S. New home sales were at an annual rate of 1.004 million units in October, down 3.2% from September's pace and less than expected. YoY new home sales are down 18%.
11/28/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.24 million units in October, better than expected and up 0.5% from September's pace. The 3.85 million homes for sale in October represented a 7.4 month supply, the most in 13 years.
10/26/06 The Commerce Department reported the median price for a new home sold in September was $217,100, down 9.7 % from September 2005. This is the lowest median price for a new home since September 2004 and the largest year-over-year decline since December 1970.
Sales of new homes rose by 5.3 percent to a seasonally adjusted annual rate 1.075 million homes This is second consecutive increase in sales following three months of declines.
10/25/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.18 million units in September, down 1.9% MoM.
The number of existing homes for sale dropped 2.4% to 3.75 million, a 7.3 month supply.
10/5/06 The MBA mortgage applications index rose sharply by +11.9%.
9/27/06 U.S New home sales were up 4.1% MoM. New home inventory dropped from 7.0 to 6.6 months. YoY new home sales are down 16%.
9/25/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.30 million units in August, more than expected. The median home price was down 1.7% from a year ago, the first annual drop in eleven years.
From Barron’s 8/21/06
32.6% of new mortgages and home-equity loans in 2005 were interest only, up from 0.6% in 2000
43% of first-time homebuyers in 2005 put no money down
15.2% of 2005 buyers owe at least 10% more than their home is worth
10% of all homeowners with mortgages have no equity in their homes$
2.7 trillion dollars in loans will adjust to higher rates in 2006 and 2007
8/24/06  New home sales fell 4.3% in July, the Commerce Department said Thursday. For 2006, new home sales were down 14% YoY.
8/2/06 The Mortgage Bankers Association said its index of mortgage applications is at the lowest level since May 2002.
7/6/06 The National Association of Realtors reported its May index for pending sales of existing homes rose at a seasonally adjusted annual rate of 1.3% to 113.4 from April's 111.9.
6/30/06 The Commerce Department said that construction spending was at $1.21 billion in May, down 0.4% from April's rate.
6/28/06 U.S. Mortgage applications dropped from 567.6 to 529.6 last week, hurt by the recent rise in mortgage rates.
6/27/06 Buyers in more markets find housing out of reach
San Diego could be a poster child for the affordability crisis. Home prices here have risen 142% since the start of 2000. Only 9% of residents could afford the median home if they had to put down 20% of the purchase price. Even so, a dizzying array of high-risk adjustable-rate mortgages has sustained the market by helping more people qualify.
6/26/06 U.S. New home sales were up 4.6% from April's pace and more than expected. For 2006, new home sales are down 11% YoY.
6/20/06 The U.S. Census Bureau said housing starts were at an annual rate of 1.957 million units in May, up 5.0% from April's pace and more than expected. YoY housing starts are down 1.7%.
6/16/06 Bloomberg news reported that sentiment among homebuilders dropped from 46 to 42 in June, the most dire outlook in eleven years.
6/19/06 Late payments and new foreclosures on U.S. homes declined in the first quarter of 2006 compared with the last quarter of 2005, reflecting an improving economy and job creation, the Mortgage Bankers Association said on Monday.
5/24/06 U.S. New home sales were at an annual rate of 1.198 million units in April, up 4.9%. For 2006, new home sales are down 11% YoY.
4/26/06 U.S. new home sales were at an annual rate of 1.213 million units in March, up 14% from February's pace and more than expected, but down 7% from March of 2005. So far in 2006, new home sales are down 8.2% from a year ago.
3/1/06 The average U.S. home increased 12.95% in value in 2005, the Office of Federal Housing Enterprise Oversight said Wednesday.
2/27/06 New home sales fell 5% in January to the lowest level in a year, the Commerce Department reported Monday. Sales fell for the fourth time in six months during a balmy January, while the number of homes on the market hit a record high (Ed. Note: Right now, the number of homes on the market in the United States is 528,000) - the largest supply of homes in nine years. Sales are down four times in six months. December home sales rose 3.8%. Sales fell 7.0% in November, rose 7.7% in October, sank 2.0% in September and fell 7.1% in August.
1/27/06 New home sales were at an annual rate of 1.269 million units in December, up 2.9% from November's rate. For all of 2005, there were 1.282 million new homes sold, a new record high -- 6.6% more than the previous year.
1/25/06 U.S. Existing home sales were at an annual rate of 6.6 million units in December, down 5.7% from November's pace. There are 2.8 million homes for sale in the U.S. -- a five month supply.
1/19/06 U.S. New housing starts fell 8.9% in December from November, the Commerce Department reported Thursday. For all of 2005, housing starts were up 5.6% and construction of single family homes hit a new record high of 1.714 million units.
1/18/06 43% of first-time home buyers put no money down. The median first-time home buyer scraped together a down payment of only 2% on a $150,000 home in 2005, the NAR found.
12/29/05 Home resales fell to a 6.97 million seasonally adjusted annual rate last month, a 1.7% decline from October's unrevised 7.09 million, the National Association of Realtors said Thursday. Sales dropped by 2.7% in October. The National Association of Realtors said there are 2.90 million homes for sale in the U.S. -- a five-month supply.
12/14/05 Delinquencies on U.S. home mortgages rose in the third quarter due to the displacement of people by Hurricane Katrina but they fell from a year earlier as the economy improved, an industry group said on Wednesday.
12/06/05 Housing Bubble Bursts in the Market for U.S. Mortgage Bonds
Bonds backed by home loans to the riskiest borrowers, the fastest growing part of the $7.6 trillion mortgage market, have lost about 2.5 percent since September on concern an 18-month rise in interest rates may force more than 150,000 consumers to default.
11/29/05 The Commerce Department reported that new home sales rose by 13 percent in October to a record 1.424 million and more than expected. The big jump came from the western and northeastern regions. YoY, new home sales are up 7.6%.
11/28/05 Sales of previously owned U.S. homes fell 2.7 percent last month to a 7.09 million annual rate, the slowest since March, the National Association of Realtors said. The number of unsold homes was the highest since April 1986.
11/3/05 The National Association of Realtors said its pending home sales index fell by 0.3% to 128.8 from August's 129.2. The level was 3.3% higher than September 2004.
10/27/05 U.S. new home sales rose 2.1% in September (an annual rate of 1.222 million units) , turning around a decline the previous month, the Commerce Department reported Thursday. So far this year, new home sales are up 6.4% YoY.
10/19/05 The Mortgage Bankers Association said its index of mortgage loan application volume for the week ended Oct. 14 increased 6.1 percent to 737.5, reversing direction after falling for three successive weeks.
09/28/05 California's housing market is overvalued by up to 45 percent and at a "tipping point" that will end its red-hot growth cycle, the UCLA Anderson Forecast projected on Wednesday.
09/26/05 Sales of existing homes rose to the second-highest level on record in August, to a 7.29 million annual rate, and the median price rose 15.8 percent to a record $220,000 the  National Association of Realtors said Monday.
09/26/05 While the high-flying housing market still holds risks, especially for the financially stretched, most homeowners are in a fairly good position to weather a shock if prices drop, Federal Reserve Chairman Alan Greenspan said Monday.
08/24/05 The U.S. Commerce Department said that new home sales were at an annual rate of 1.41 million units in July, up 6.5% from June's rate and stronger than anticipated. So far in 2005, new home sales are up 8% from a year ago.
08/23/05 U.S. existing home sales were at an annual rate of 7.16 million units in July, down 2.6% for the month.
07/25/05 Sales of existing homes rose at an annual rate of 7.33 million units in June, up 2.7% on the month and up 15% YoY.
06/02/05 Playmate of the Month, Jamie Westenhiser, says she is abandoning a promising career as a model in order to "take up real estate investing." (Bells Ringing ?)
05/25/05 U.S. new home sales were at an annual rate of 1.316 million units in April, up 0.2% from March's pace and a new record high. So far in 2005, new home sales are up 6% from a year ago. The median sales price of a new home rose 3.8% YoY to $230,800.
04/25/05 Sales of existing homes and condominiums rose by 1 percent in March to the third-highest sales pace on record while the nationwide median price jumped by the largest amount in more than 14 years, a real estate trade group reported Monday.
04/07/05 New Foreclosure Inventory in U.S. Rises Nearly Fifty Percent in March Some 28,190 new foreclosed residential properties were listed for sale in the U.S. during March 2005, reports Foreclosure.com.
03/07/05 Pending home sales down 2.1% in Jan. In a new indicator designed to provide faster and more accurate information on emerging trends in the housing market, the pending sales of previously owned homes fell in January, the National Association of Realtors said
03/04/05 House prices in the U.K. were down 0.5% in February.
03/01/05 The latest U.S. Real Estate data from the Census Bureau appears to have a discrepancy of some magnitude. The January “Average” U.S. home price is up by about $1000, while the “Median” price is down by some $30,000, or 13%. A typo?
02/18/05 Emerging markets most popular for foreign property. Nick Clark, managing director of the Homebuyer Show, commented that opportunities to purchase property abroad are now within the reach of more people than ever."Buying a property overseas has been a distant dream for many people for a long time," he said.
02/15/05 Roughly $660 million of the $830 million that flowed into sector ETFs last week went to the iShares Dow Jones U.S. Real Estate.
01/26/05 Sales of previously owned homes rose 9.4 percent to an all-time high of 6.68 million units last year as home buyers continued to enjoy some of the lowest mortgage rates in decades.
10/20/04 Greenspan - What, Me Worry? Not much seems to trouble Federal Reserve Chairman Alan Greenspan these days -- not oil at more than $50 a barrel, record levels of consumer debt, nor a possible U.S. housing bubble.
09/24/04 U.S. existing home sales were at an annual rate of 6.54 million units in August, down 2.7% from July's pace.
08/24/04 The median price of an existing, single-family detached home in San Diego was $582,490 in July, compared to $580,670 the previous month, the California Association of Realtors reported today.
05/28/04 Sales of American Homes rose by 2.5% to near-record highs in April. New home sales, by contrast fell unexpectedly by 11.8% in April