|Notes & Links:
Bloomberg: Conventional financial advice suggests if a home costs more than 20 times the annual rent the home could fetch, the house is probably overvalued — a $400,000 home should rent for $1,667 per month or more. In times of low mortgage rates, the breakeven ratio can be a bit higher.
Bloomberg: Home repair and maintenance typically costs 2-4% of a house’s value per year.
5/7/2021 Bloomberg: With homeownership out of reach for many Americans because of high prices and low supply, rents are now also climbing. Record occupancy rates are emboldening single-family landlords to hike rents aggressively, testing the limits of booming demand for suburban rentals.
1/22/2021 Sales of previously owned houses in the US rose 0.7% MoM to 6.76 million units in December of 2020, beating market forecasts of 6.55 million. The median existing-home price was $309,800, up 12.9% YoY
12/23/2020 New home sales fell 11% in November to 841k, but still +21% yoy
Decline in all regions: - Midwest -43% - West -17% - Northeast -2.5% - South -1.9%
Inventory: 4.1 months
Median home price: $335,300, +2.2% yoy
Some moderation in sales expected in 2021, but still strong activity.
11/24/2020 Reuters: Despite consumer trepidation about the future, the housing market continues to boom. The pandemic has fueled a migration from city centers to suburbs and other lower-density areas as Americans seek more space for home offices and schooling.
11/24/2020 A separate report on Tuesday showed the S&P CoreLogic Case-Shiller 20-metro-area house price index jumped 6.6% from a year ago in September after rising 5.3% in August.
10/22/2020 Existing-home sales grew for the fourth consecutive month in September to a seasonally-adjusted annual rate of 6.54 million – up 9.4% from the prior month and nearly 21% from one year ago. The median existing-home price was $311,800, almost 15% more than in September 2019.
10/13/2020 Bloomberg: High-end Real Estate sales jumped 42% in the third quarter from a year earlier, while sales of mid-priced homes climbed just 3% and affordable purchases declined 4%.
10/5/2020 The percentage of rental listings featuring concessions rose from 16.2% in February to 30.4% in July.
9/24/2020 New home sales rose 4.8% to a 1.011-million unit pace. This marks the first time since November 2006 that the pace of new home sales topped 1-million units and is the strongest pace since September 2006. Moreover, sales were revised sharply higher for the prior month and have averaged a 939,000- unit pace over the past three months.”
9/8/2020 Bloomberg: About 2.25 million mortgages were at least 90days late in July, a 450% increase from pre-pandemic levels and the biggest number since the global financial crisis, according to industry tracker Black Knight Inc.
8/21/2020 The National Association of Realtors said sales of existing homes rose 24.7% to a seasonally adjusted annual rate of 5.86 million units last month from 4.7 million in June.
Home prices rose to a record $304,100
The average time on the market fell to 22 days in July, a record low, from 24 in June, and nearly 70% sold in less than a month.
8/20/2020 Zillow: The median home value in the United States is $248,857. United States home values have gone up 4.1% over the past year and Zillow predicts they will fall -1.5% within the next year. The median list price per square foot in the United States is $153. The median price of homes currently listed in the United States is $282,000 while the median price of homes that sold is $250,000. The median rent price in the United States is $1,650.
8/17/2020 Last month, the MBA said about 4.1 million U.S. homeowners, representing 8.2% of loan balances, were in forbearance.
8/17/2020 The UK housing market has had its busiest month in more than 10 years in July.
8/6/2020 32% of Americans had outstanding housing payments at the beginning of August.
8/6/2020 About 59.6% of new and existing homes sold in Q2 of this year were considered affordable to families earning an adjust median income of $72,900, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.This is down from 61.3% in Q1 of this year and is the lowest reading in 18 months.
8/3/2020 Economist: As of late July (July 16-21), 12.5% of Americans were experiencing housing distress. (That is, they were late on their rent or mortgage payments, or their payments were deferred.) Loss of housing is similarly disruptive to both renters and owners on many dimensions. For homeowners, however, a foreclosure can destroy the equity accumulated on a home, which is often the largest asset a family owns.
7/9/2020 The rate on the 30-year fixed mortgage — the most popular home loan — dropped to 3.03%, according to Freddie Mac, down from 3.07% from the week before.
4/9/2017 (Zillow) U.S. renters would need a raise of about $168 a year in 2017 just to keep up with expected rent increases over the next 12 months as rental affordability concerns persist
(Zillow) Nationally, families can expect to spend $447 extra a month moving to a three-bedroom home from one with two bedrooms, according to Zillow. That equates to a 50 % increase in their monthly mortgage payment.
12/6/2015 (Zillow) With the majority of renters in the largest metros putting about 30 percent of their monthly income toward a rental payment, saving money for a 20 percent - or even 10 percent - down payment is extremely difficult. First-time homebuyers and millennials are left trying to find other ways to break into the housing market, turning to friends and family for financial help. In 2014 alone, 13 percent of home purchases were bought using a loan or gift from friends or family for the down payment
Condos are appreciating faster than single-family homes in markets across the U.S., especially where job markets are thriving or urban renewal is underway, according to Zillow® Condos in the U.S. are appreciating at a rate of 5.1 percent, compared to the 3.7 percent appreciation among single-family homes. YoY Iceland's fish catch decreased by 6.7 % in September
Contracts to buy previously owned U.S. homes fell unexpectedly in September, a warning sign that the housing market recovery may be stumbling. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, dropped 2.3 percent to 106.8, the second lowest reading of 2015.
9/6/2015 YoY global house prices rose 0.1%, so reports London-based property agent Knight Frank - the weakest rate of growth since the final quarter of 2011. Hong Kong-led with a 12-month increase of 20.7%, followed by Turkey (18.5%), Estonia (13.4%), Luxembourg (13.2%) and Ireland (10.9%). China, with a price decline of 5.7%, ranked 52nd on the list, while house prices in Greece, Cyprus, Ukraine and Dubai dropped by 5.9%, 6.5%, 12% and 12.2% respectively.
U.S. construction projects rose 0.7% in July to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008.
U.S. Pending Home Sales, a forward-looking indicator based on contract signings, marginally increased 0.5% to 110.9 in July from an upwardly revised 110.4 in June and is now 7.4 percent above July 2014.
3/16/15 More than 5 million renters say they're likely to buy a home in the next year, according to the Zillow (US)Housing Confidence Index
(Zillow) US access to mortgage credit has improved significantly, and is roughly two thirds of the way back to 2002 pre-crisis levels.
11/30/14 Zillow) Millions of Potential New Households Waiting Out the Recovery
Many Americans moved in together as housing costs outpaced income over the last decade, resulting in fewer households; if these doubled-up households divide, housing demand will pick up, according to Zillow
- More than a third of U.S. adults were living with roommates or adult family members in 2012, up from 25.4 percent in 2000.
- Household size has risen from 1.75 adults in 2000 to 1.83 adults in 2012.
- In all, the U.S. lost 5.4 million households to doubling up.
- The most potential new households are in places where rent has skyrocketed during the housing recovery, such as some large markets in California and Florida.
The 2014 National Association of Realtor's: The long-term average in this survey, dating back to 1981, shows that four out of 10 purchases are from first-time home buyers. In this year’s survey, the share of first-time buyers* dropped 5 percentage points from a year ago to 33 percent, representing the lowest share since 1987 (30 percent).
Buyers searching for real estate will find more homes for sale overall, but supply of lower-priced homes is growing more slowly than high-priced homes in most of the country.
Among the more than 100 experts surveyed in the Zillow Home Price Expectations Survey, a majority said they don't expect the housing market to normalize for at least three more years....
9/1/14 While the momentum has slowed to a rise of 1%, U.S. house prices remained on an upward track in Q2.
More than one-third of mortgaged homeowners have effective “negative equity” or less than 20% equity in their home, according to a Zillow analysis.
8/3/14 (MarketWatch) -- Sales of new single-family homes fell 8.1% in June to 406,000, the slowest pace in three months, with drops across the country...
5/27/14 Case Shiller firmer than expected .... y/y rise in house prx at 12.37% v 11.75% expected.
5/26/14 Sales of new U.S. single-family homes rose by more than expected 6.4% in April to a seasonally adjusted annual rate of 433,000 units, ending two months of declines. March's sales were revised up to 407,000 units from a previously reported 384,000 units. YoY sales were down 4.2%. Inventory of new houses rose 0.5% to 192,000 units - the highest level since November 2010. At April's sales pace it would take 5.3 months to clear the supply of houses on the market, down from 5.6 months in March.
YoY the median price of a new home last month fell 1.3% to $275,800.
Existing home sales climbed 1.3% from March to a seasonally adjusted annual rate of 4.65 million.
U.S. Construction on new U.S. homes rose in April at the fastest pace in five months, rising 13.2% to a seasonally adjusted annual rate of 1.07 million, led by the apartment category.
2/1/14 U.S. pending home sales fell in December to the lowest level in more than two years, a fresh sign that the housing recovery lost momentum. The NAR said its index of pending home sales, which measures the number of contracts that have been signed but not yet closed for purchasing previously owned homes, fell 8.7% to 92.4 in December, the lowest level since October 2011.
11/28/13 The pending U.S. home sales index fell 0.6% to 102.1 and dropped to its lowest level since last December, the National Association of Realtors said.
Because of the 16-day republican/tea instigated government shutdown, sales of U.S. Existing Homes dropped 3.2% to a 5.12 million annual rate, the fewest since June.
11/20/13 Sales of U.S. Existing Homes dropped 3.2% to a 5.12 million annual rate, the fewest since June, according to data released today by the National Association of Realtors in Washington.
11/3/2013 U.S. home prices posted their strongest gain in August for more than seven years, according to S&P/ Case-Shiller Home Price Indices the 10-City and 20-City Composites posted a 12.8% growth rate YoY, the highest increases since February 2006.
9/24/13 Purchases of new U.S. homes fell 13.4 % in July, the most in more than three year.
7/20/13 The U.S. home builder sentiment index gained 6 points to 57 this month, the highest level since January of 2006, according to the National Association of Home Builders Any reading over 50 indicates that more builders view sales conditions as good rather than poor.
U.S Privately-owned housing starts in June dropped 9.9% to a seasonally adjusted annual rate of 836,000, its lowest level since August last year.
7/6/13 The Standard & Poor’s Case-Shiller home price index showed a 12% increase in prices in 20 cities from April 2012 to April 2013, the largest gain since early 2006, when home values began to level off in advance of the market collapse.
6/3/13 YoY U.S. House prices rose 10.9% in March, the biggest increase since the height of the housing boom in 2006, according to the S&P/Case-Shiller index. MoM the Case-Shiller index rose 1.1 % in March. Phoenix and San Francisco led the YoY gains, up 22.5% and 22.2%, respectively.
1/18/13 Bloomberg) Housing starts in the U.S. climbed 12.1 percent last month to a 954,000 annual rate, exceeding all forecasts in a Bloomberg survey of economists
1/4/13 The S&P/Case-Shiller index of property values in 20 cities increased 4.3% from October 2011, the biggest 12-month advance since May 2010.
Sales of existing houses increased 5.9 % to a 5.04 million annual rate, the most since November 2009, the National Association of Realtors reported.
U.S. foreclosure starts fell 13% MoM and were down 28% YoY
11/30/12 U.S. house prices rose 4.4 percent in the 12 months through September.
The National Association of Realtors says its seasonally adjusted pending home sales index rose 5.2% points to 104.8 in October. Excluding a few months when the index spiked because of a homebuyer tax credit, that is the highest level since March 2007.
11/4/12 The U.S. pending-home-sales index rose to 99.5 from 99.2 in August, the National Association of Realtors said. This is still below the 101.9 level reached in July. Economists were looking for a bigger rebound.
10/21/12 U.S. home construction rose 15% in September to an annual rate of 872,000
U.S. existing home sales fell 1.7% in September
9/7/12 The National Association of Realtors reported that sales of existing homes rose by 2.3% in July. While positive, it was still a lower number than was expected by Wall Street.
Sales of new homes in the U.S. rose 3.6% in July to match a two-year high reached in May. US house prices have posted their first annual gain in almost two years, raising hopes that the troubled market can begin to contribute to America's economic recovery.
7/3/12 The SP/Case Shiller composite index of 20 metropolitan areas gained 0.9% in May, topping economists' expectations for a 0.5% gain.
4/27/12 The National Association of Realtors reports that pending home sales increased 4.1% in March to a new 23-month high.
4/24/12 New home sales fell 7.1% in Feb. The Midwest is down 20% and 27% in the West. The rest saw modest gains. Inventory dropped from 146,000 in Feb to 144,000 in March – a new low. The Median sales price rose 6.3% to $234,500. Pulte Homes rose 5%, after the U.S. Commerce Department said new homes sold at an annual rate of 328,000 last month.
4/17/2012 U.S. Housing starts fell 5.8% last month to an annual rate of 654,000 from a slightly revised 694,000 in February. Permits rose 4.5% to 747,000 in March from a revised 715,000 in February.
3/27/12 Data through January 2012, released today by S&P Indices for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed annual declines of 3.9% and 3.8% for the 10- and 20-City Composites, respectively.
3/23/12 U.S. Existing home sales fell 0.9% from February.
2/9/12 A $25 billion settlement with the U.S. mortgage lenders was hailed by government officials as long-overdue relief for victims of foreclosure abuses. Of the five major lenders, Bank of America will pay the most to borrowers: nearly $8.6 billion. Wells Fargo will pay about $4.3 billion, JPMorgan Chase roughly $4.2 billion, Citigroup about $1.8 billion and Ally Financial $200 million. The banks will also pay state and federal governments about $5.5 billion.
-- About 11 million households are underwater
1/20/12 The National Association of Realtors said December RE sales rose 5% to 4.61 million. For all of 2011, sales rose 1.7% to 4.26 million - compared to the 2005 peak of 7.08 million. YoY The Median sales prices in December fell 2.5% to $164,500. Inventories fell 9.2% to 2.38 million, which represents 6.2 months of supply.
12/2/11 U.S. Pending home sales rose 10.4% in Octoer."We hope this indicates more buyers are taking advantage of the excellent affordability conditions," said Lawrence Yun, NAR's chief economist, in a statement.
11/29/11 According to S&P/Case-Shiller U.S. home prices fell 0.6% in September. YoY the home price slide was 3.6%.
No recovery in sight for U.S. housing, says Yale's economist Shiller.
11/22/2011 The National Association of Realtors on Monday said sales rose 1.4% to a seasonally adjusted annual rate of 4.97 million from 4.9 million in September.
11/18/11 U.S. new housing starts fell 0.3% in October -- YoY Housing starts are up 16.5%
10/18/11 The National Association of Home Builders/Wells Fargo housing market index rose by four points to 18, the biggest one-month gain since April 2010
9/27/11 U.S. home prices rose for the fourth month in a row in July, according to the S&P/Case-Shiller 20-city composite. Prices rose 0.9% MoM, narrowing the YoY loss to 4.1%.
New U.S. homes sales fell 2.3% in August to an annual rate of 295,000,-- the fourth decline in a row. The average selling price fell 8.7% to $246,000, the lowest level since early 2009. At current sales rates, unsold new homes on the market represented a 6.6 month supply.
9/9/11 U.S. Fixed mortgage rates fell this week to the lowest levels in six decades.
8/23/11 U.S. new home sales fell 0.7% in July -- near expectations.
8/19/11 July U.S. single-family housing starts fell 4.9%; Building permits fell 3.2% in July.
7/28/11 U.S. home sales rose 2.4% in June.
7/26/11 Sales of U.S. new single-family homes fell 1.0% in June to an annual rate of 312,000. The median sales price rose 5.8% to $235,000 last month from $222,400 in May. At the current sales pace, there was a 6.3 months supply of new homes.
The S&P/Case-Shiller index of property values in 20 U.S. cities fell 4.5 % YoY
6/21/11 U.S Existing Home Sales fell by 3.8% in May, at an annual pace of 4.81 million, down 15.3% from last year’s mark of 5.68 million by the same point in the year.
The National Average Commitment Rate to a 30 year fixed rate was 4.64%
The national median home price was $166,500, down over 4.6% YoY
Total housing inventory at the end of May fell 1% to 3.72 million existing homes for sale
Distressed homes accounted for 31% of all sales in the month of May, a 6% drop off from last month, and sold at an average of 20% below the median price.
6/18/11 U.S. housing starts rose 3.5% in May. However, starts still remained 5.6% below levels seen in March and well below levels needed to turn the industry around.
5/26/11 QoQ U.S. house price fell 2.5 % in Q1
5/17/11 U.S. Housing starts have dropped 10.6% to an annual rate of 523,000 in April
4/20/11 (Bloomberg) -- Sales of U.S. previously owned homes rose in March as a mounting supply of properties in or near foreclosure lured investors. Purchases increased 3.7 percent to a 5.1 million annual rate, exceeding the 5 million median forecast of economists.
3/29/11 The prices of single-family homes in 20 cities fell 1.0% in January, according to the S&P/Case-Shiller home price index. This is the sixth straight monthly decline.
3/28/11 The National Association of Realtors reported that its pending home sales index rose 2.1% in February, but down 8.2 YoY.
3/23/11 U.S. sales of new homes fell 17% in February to a seasonally adjusted annual rate of 250,000, a record low. (The housing numbers are notoriously unreliable on a MoM basis) The median sales price was $202,100, while the average sales price was $246,000
Inventories are at an 8.9 month supply.
3/18/11 New U.S. housing construction fell 22.5% in February to 479,000 units, just above the record low set in April 2009. Building permits fell 8.2% to a record low.
2/27/11 Existing home sales rose for the third month in a row in January and they now exceed year ago levels. Sales rose by 2.7% last month to a seasonally adjusted annual rate of 5.36 million homes, which is also up 5.3% from year-ago levels.
2/22/11 The S&P, Case-Shiller index of U.S. home values in 20 cities fell 2.4%, the biggest YoY decrease since December 2009.
1/26/11 Sales of U.S new single-family homes rose in December to an annual rate of 329,000, the highest since April when a federal tax credit gave the market a temporary boost. New home sales were down 14.4% in 2010.
1/25/11 (S&P/Case-Shiller index) U.S. home prices fell 1% in November
1/20/11 1/20/11 U.S sales of existing homes rose 12.3%
Sales of new single-family houses in the United States increased 5.5 percent in November.
U.S. existing-home sales rose 5.6% MoM in November.
12/28/10 The S&P/Case-Shiller 20-city composite home-price index fell 1.3% MoM and 0.8% YoY. Including homes that are in or close to foreclosure, there’s inventory of 7.2 million homes, or roughly 21 months of supply
12/13/10 CoreLogic said 10.8 million homes, or 22.5% of those with mortgages, were “underwater” as of Sept. 30th. That's down from 11 million, or 23% in June.
11/26/10 U.S. sales of new single-family homes fell 8.1% in October. There was an 8.6-month supply of homes at the current sales rate. The median sales price fell 14% to $194,900. Sales fell 23.9% in the West, 20.4% in the Midwest and 12.1% in the Northeast. In the South sales gained 3.1%.
..the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments. Selling lead as gold, shit as Chanel No. 5..
11/1/2010 U.S new home sales rose 6.6% in September to a seasonally adjusted annual rate of 307,000 units. The median sales price for those homes was $223,800, while the average sales price was $257,500.
10/25/10 The National Association of Realtors said US existing home sales rose 10% to a seasonally adjusted annual rate of 4.53 million, from a downwardly revised 4.12 million in August.
10/12/10 (Bloomberg) -- As many as 9 million U.S. mortgages in the foreclosure pipeline or already through the process may face legal challenges because of questions about the validity of documents, according to Morgan Stanley.
10/4/10 National Association of Realtors said its pending U.S. home sales index rose to 82.3 from 78.9 in July.
9/29/10 The S&P/Case Shiller composite index of 20 metropolitan areas fell 0.1 % MoM but rose 3.2% YoY -- the smallest year-over-year gain since March, the group said. The index remains 27.9 % below the peak set in mid-2006.
9/2/10 Pending U.S. home resale’s rose 5.2% after a revised 2.8% drop the previous month.
8/31/10 The Standard & Poor's/Case-Shiller Home Price Indices, show the U.S. national home price index rose 4.4 % in Q2 , after having fallen 2.8% in Q1. Nationally, home prices are up 3.6% YoY.
8/20/10 MoM U.S. home foreclosures rose nearly 4% in July to a total of 325,229, marking the 17th consecutive month with a foreclosure activity total exceeding 300,000, according to RealtyTrac
8/17/10 U.S. housing starts rose 1.7% for July as building permits drop 3.1%.
7/26/10 YoY the S&P/Case-Shiller index of property values rose 4.6 % in May -- the biggest YoY gain since August 2006
7/15/10 (RealtyTrac) US Banks took control of 269,962 properties in the second quarter, up 5 % from the prior quarter and a 38 % spike from the second quarter of last year -- Repossessions will likely top 1 million this year. From January through June one out of every 17 households in Nevada received a foreclosure notice.
7/13/10 Demand for home purchase loans fell to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.
7/1/10 U.S. Pending home sales fell 30% MoM and down 16% YoY
6/24/10 (AP) Rates on 30-year fixed mortgages fell this week to an average of 4.69 percent, the lowest since the mid-1950s.
6/23/10 Purchases of new homes in the U.S. fell to a seasonally adjusted annual rate of 300,000, the lowest since records begin in 1963. Sales in March and April were also revised lower; April's sales pace was 446,000 compared with 504,000 originally reported.
6/10/10 (Bloomberg) -- The proportion of U.S. homeowners turning delinquent on mortgages backing the securities that roiled the global financial system has tumbled in the past three months, even after accounting for a typical seasonal improvement, according to RBS Securities Inc.
6/2/10 The National Association of Realtors index of pending home sales rose 6% in April and up 22% YoY
The Mortgage Bankers Association's index of mortgage applications rose 0.9% last week.
5/5/10 U.S. pending home sales rose 5.3% in March and up 21.1% YoY
4/27/10 The S&P/Case-Shiller index of home prices in twenty U.S. cities fell 0.9% MoM, but rose 0.6% YoY
4/23/10 Boosted by a soon-to-expire tax break, low mortgage rates and favorable weather, sales of U.S. new homes surged 27% in March and up 23.8% YoY
4/22/10 U.S. Existing home sales rose 6.8%.
4/14/10 U.S. foreclosure filings jumped 7% in Q1 of 2010 from the previous quarter, market researcher RealtyTrac said.
The Mortgage Bankers Association said that its index of mortgage applications fell 9.6% last week
3/30/10 The Standard and Poors/Case-Shiller index of home prices in twenty cities fell 0.4% in January and down 0.7% YoY.
3/24/10 The Mortgage Bankers Association said that its index of mortgage applications fell 4.2% last week.
(WSJ) Bank of America said it would offer more borrowers reductions in their mortgage-loan balances in the latest twist on efforts to avert foreclosures
3/17/10 U.S. Mortgage applications fell 1.9% last week.
3/3/10 The Mortgage Bankers Association said U.S. Mortgage applications rose 14.6% last week.
2/3/10 US mortgage applications rose 21%
The National Association of Realtors index of pending home sales rose 1.0% in December and 10.9% YoY
1/25/10 U.S. existing home sales fell 16.7% MoM
1/20/10 U.S. housing starts fell 4.0% MoM.
1/13/10 The Mortgage Bankers Association said its index of mortgage applications rose 14%.
1/5/10 The National Association of Realtors said pending home sales fell 16% in November, but up 15.5% YoY
12/9/09 The U.S. Mortgage Bankers Association said that its index of mortgage applications rose 8.5% last week
12/3/09 U.S. 30-year mortgages fell to new all-time low of 4.71%
12/1/09 The National Association of Realtors said its index of pending home sales rose 3.7% MoM. YoY the index is up 32%.
The default rate for commercial mortgages in the US climbed to a fresh 16-year high of 3.4%
11/24/09 The Standard and Poor Case-Shiller index of home prices rose 0.3% in September.
11/19/09 U.S. delinquency rate on mortgage loans rose from 9.24% to a record high 9.64% Q3. The foreclosure rate rose from 4.30% to 4.47% in Q3. That makes one in seven homeowners either late on their payments or already in foreclosure.
11/18/09 U.S. housing starts fell 10.6% MoM.
11/10/09 The Association of Realtors said existing home sales rose 11.4% in Q3 and up 5.9% YoY.
10/28/09 U.S. new home sales fell 3.6% MoM and 27% YoY.
10/27/09 The Standard and Poor's/Case-Shiller index of U.S. home prices in 20 cities rose 1.2% MoM, but fell 11.3% YoY. This is the fourth consecutive monthly increase.
10/23/09 The National Association of Realtors said U.S. existing home sales rose 9.4% in September
10/22/09 U.S. home prices fell 0.3% MoM and down 3.6% YoY.
10/20/09 U.S. Housing starts were at an annual rate of 590,000 -- up 0.5% MoM. Less than had been expected
10/15/09 U.S. Foreclosure filings fell 4% MoM, but rose 29% YoY.
10/7/09 U.S mortgage applications rose 16%.
9/29/09 The S&P & Case-Shiller index of U.S. home prices rose 1.6% in July and fell 13.3% YoY
9/28/09 (WSJ) The White House is close to committing up to $35 billion to help housing agencies provide mortgages to low- and moderate-income families.
9/24/09 U.S. existing home sales (5.10 million units) fell 2.7% MoM.
U.S. inventory of homes represents an 8.5 month supply at the current sales pace.
9/22/09 U.S. single family home prices rose 0.3% in July, but fell 4.2% YoY.
9/1/09 The National Association of Realtor's index of pending home sales rose 3.2% in July and 12% YoY
8/26/09 U.S. new home sales rose 9.6% MoM and fell 13.4% YoY.
Builders had 271,000 houses on the market last month, down 35 percent from July 2008 and the fewest since March 1993. It would take 7.5 months to sell all homes at the current sales pace, the shortest time since April 2007.
8/25/09 U.S. June S&P/CaseShiller Composite-20 Home Price Index rose 1.4% MoM
8/23/09 U.S. existing home sales rose 7.2% MoM -- the most since August of 2007
(WSJ) One in eight U.S. households with mortgages was in foreclosure or late on its mortgage payments in the second quarter.
8/19/09 U.S. mortgage applications rose 5.6% last week.
(Bloomberg) -- Commercial real estate values in the U.S. fell 27 percent in the year through June
8/18/09 U.S. housing starts fell -1.0% MoM and -46% YoY. But single-family building permits rose 5.8%.
8/12/09 The median price of an existing U.S. single-family home fell to $174,100, the National Association of Realtors said today. Total sales rose 3.8% QoQ and fell 2.9% YoY.
7/28/09 The Standard & Poor's/Case-Shiller's index of U.S. home prices rose 0.5% in May, but fell 17.1% YoY (17.9% expected) -- The first monthly increase in nearly three years
7/27/09 MoM U.S. New-home sales rose 11% in June, the third increase in a row and more than expected. September lumber is steady to higher.
7/23/09 U.S. existing home sales rose 3.6% in June.
There is currently a 9.4 month supply of homes for sale in the U.S.
7/17/09 MoM U.S. Home construction unexpectedly rose 3.6% in June but fell 52% YoY
7/1/09 U.S. index of pending home sales rose 0.1% in May
6/30/09 Standard & Poor's/Case Shiller index of U.S. home prices fell 0.6% MoM and 18.1% YoY
6/24/09 U.S. new home sales fell 0.6%. YoY new home sales are down 38%.
6/20/09 (Reuters) - A "distressingly slow" U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.
6/16/09 U.S. housing starts rose 17.2% MoM.
6/9/09 (FT) Defaults on US commercial mortgages could hit 4.1 per cent by the end of the second quarter, their highest level since the 1992 recession, according to Real Estate Econometrics, a property research firm.
6/2/09 Pending sales of existing homes in the U.S. rose 6.7% in April -- the biggest monthly gain in over seven years
5/28/09 The U.S. mortgage delinquency rate rose to 9.12% and the share of loans entering foreclosure rose to 1.37%.
According to the U.S. Census Bureau MoM U.S. new home sales rose 0.3%, but fell 34% YoY
5/27/09 The National Association of Realtors said existing home sales rose 2.9% MoM
5/26/09 YoY the Standard & Poor's/Case-Shiller index of home prices in 20 U.S. cities fell 18.7% in March.
5/19/09 U.S. housing starts fell 13% MoM and 54% YoY -- weaker than expected.
5/18/09 The U.S. Home Builders/Wells Fargo index of homebuilder sentiment rose from 14 to 16 in April.
5/4/2009 The National Association of Realtors said U.S. pending home sales rose 3.2%
4/28/09 The Standard & Poor’s/Case-Shiller index of home prices dropped 18.6% from February 2008. For the first time in 16 months, the decline was not a record.
4/24/09 MoM U.S. new home sales fell 0.6%.The inventory of new homes is at a 10.7 month supply.
4/23/09 (Reuters) - The pace of sales of existing homes in the United States fell 3.0 percent in March to a much lower-than-expected annual rate of 4.57 million units, the National Association of Realtors said on Thursday.
4/22/09 The Federal Housing Finance Agency said U.S. home prices rose 0.7% MoM, but fell 6.5% YoY.
4/16/09 U.S. housing starts were at an annual rate of 510,000 in March, down 10.8% MoM and down 48.4% YoY
4/8/09 The Mortgage Bankers Association said mortgage applications rose 4.7%.
3/31/09 YoY the S&P/Case-Shiller index of U.S. home prices in 20 cities fell 19% in January
3/25/09 The Mortgage Bankers Association said its index of mortgage applications rose 32% last week
3/23/09 MoM U.S. existing home sales rose 5.1% at their fastest pace in nearly six years. The inventory of existing homes for sale rose 5.2 percent to 3.80 million. Unsold homes on the market represented 9.7 months’ worth at the current sales pace. YoY the median price fell 15.5% to $165,400.
3/17/09 U.S. housing starts rose 22% MoM better than expected, but fell 47% YoY.
3/5/2009 Mortgage delinquencies rose to a 7.88% of all loans, the highest on record since 1972
3/3/2009 U.S. pending home sales fell 7.7% in January, weaker than expected.
2/25/09 Existing-home sales fell 5.3% to a nearly 12-year low in January, and the median home price fell to $170,300 from $199,800 YoY.
2/24/09 YoY the S&P's/Case-Shiller home price index of 20 cities fell 18.5% in December
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.
09/08/04 Mortgage Applications at 4-Month High
08/27/04 Median home price up 9.1%
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
01/16/04 Real estate agent pool getting more crowded