Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Monday, October 03, 2011
U.S. House Prices, Expect Lower Lows / Housing-Market / US Housing
By: Bill_Bonner
Cash is still king. Cash is king because non-cash is a commoner and a loser…it’s losing its value. An article in the Financial Times, for example, tells that:
“US inflation expectations at lowest point in year.”
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Tuesday, September 27, 2011
Case-Shiller Home Price Index - Noteworthy Improvement, But Durability is Uncertain / Housing-Market / US Housing
By: Asha_Bangalore
The seasonally adjusted Case-Shiller Home Price Index held steady in July, matching the readings of the prior two months. These readings are a significant improvement after the string of declines of home prices seen for an extended period (see Chart 1). The gains in 2009 and 2010 are related to the first-home buyer program which was in place only for a short period. The encouraging news is that the FHFA House Price Index shows price gains for each of the four months ended July and the Core Logic House Price Index posted increases in three out of the last four months.
Tuesday, September 27, 2011
U.S. August New Home Sales Still Hovering around Recession Lows / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes fell 2.3% to an annual rate of 295,000 in August, which marks the sixth monthly decline in the first eight months of the year and the level of sales remains close to the record low of 278,000 seen precisely a year ago. Sales of new homes fell in the Northeast (-13.6%), West (-6.3%), and South (-2.4%) but rose in the Midwest (+8.2%) during August.
Friday, September 23, 2011
U.S. House Prices Rise for Fourth Month / Housing-Market / US Housing
By: Asha_Bangalore
The FHFA House Price Index rose 0.8% in July, marking the fourth monthly increase. The Core-Logic House Price Index also has posted gains in the each of the four months ended July (see Chart 5). Both these price indexes show a moderation of year-to-year price declines (see Chart 6), with the July drop being less negative than the June readings.
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Thursday, September 22, 2011
Sales of Existing U.S. Homes Recover, But Level Still Close to Recession Low / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes rose 7.7% to an annual rate of 5.03 million units. Single-family unit sales were stronger (+8.5%). Regionally, sales of existing homes increased in all four regions, with the nearly 19% jump in the West as the largest gain. From a year ago, sales of existing single-family homes have posted double-digit gains in July and August because of a base effect. Sales of existing homes in July-August 2010 fell sharply after the first-time home buyer credit program expired. Therefore, the year-to-year comparisons partly exaggerate the trend of existing homes sales.Read full article... Read full article...
Wednesday, September 21, 2011
U.S. Home Construction Declines, Permits Post a Small Gain / Housing-Market / US Housing
By: Asha_Bangalore
Construction of new homes and apartments fell 5.0% to an annual rate of 571,000 during August after a 2.3% drop in the prior month. Starts of both multi-family (-13.5%) and single-family starts (-1.4%) fell in August. The disappointing news is that the level of housing starts continues to hover at recession lows. The nearly 30% drop of housing starts in the Northeast and a 3.3% drop in the South brought down the headline, while housing starts rose in the Midwest (+2.6%) and West (+2.2%).
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Thursday, September 08, 2011
Time To 'Invest' in Real Estate Again? / Housing-Market / US Housing
By: Bill_Bonner
“And they shall grind the face of the poor…” ~ Isaiah
The markets were closed yesterday. Which was a good thing. The lights were out in Congress. Economists went to barbecues. Central bankers stayed home with their families. And investors didn’t bother to check their blackberries to find the latest prices.
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Tuesday, August 30, 2011
U.S. Pending Home Sales Index Slips in July / Housing-Market / US Housing
By: Asha_Bangalore
The Pending Home Sales Index (PHSI) of the National Association of Realtors fell 1.3% in July, after two monthly gains. The PHSI leads actual sales of existing homes by 1-2 months. The July drop of the index bodes poorly for actual sales of homes in August and September. Sales of existing homes have posted declines in three out of the four months ended July. The level of existing home sales is close to recession lows even after two years of economic recovery.
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Friday, August 26, 2011
UK House Prices Update / Housing-Market / UK Housing
By: Tim_Waring
We have entered an interesting stage of the housing market with many factors beginning to influence different segments.
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Wednesday, August 24, 2011
Sales of U.S. New Homes Still Holding Close to Recession Lows / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes fell 0.7% to an annual rate of 298,000 in July following downwardly revised readings for May (309,000 vs. 315,000) and June (300,000 vs. 312,000). The level of new home sales is close to the record low registered in August 2010 (see Chart 1).
Wednesday, August 17, 2011
UK Mortgage Fees Rise 17% in a Year / Housing-Market / Mortgages
By: MoneyFacts
The average mortgage arrangement fee has increased by £151 over the last year – a rise of 17%.
In August 2010 the average fee was £879, today it stands at £1,030.
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Wednesday, August 10, 2011
UK Mortgage Fixed Interest Rates Continue to Fall / Housing-Market / Mortgages
By: MoneyFacts
For the first time since Moneyfacts started recording rates in 1988 the average five-year fixed mortgage rate has fallen below 5%, today standing at 4.99%.
In the last 29 months since bank base rate has been on hold at 0.50%, the average five-year fixed mortgage rate has stood as high as 6.24% (September 2009).
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Wednesday, August 03, 2011
U.S. Housing Market Rebound Unlikely Anytime Soon / Housing-Market / US Housing
By: Money_Morning
David Zeiler writes:
Dragged down by such anchors as a bulging pipeline of foreclosures and a dearth of buyers, it will be many more months - if not years - before a housing market rebound takes hold.
Symptoms of the limping U.S. economy, primarily an unemployment rate above 9% and weak consumer confidence, along with much stricter lending rules, have helped keep buyers scarce.
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Thursday, July 28, 2011
Buy-to-Let Sector Sees Surge in Mortgage Products to Highest Level Since September 2008 / Housing-Market / Buy to Let
By: MoneyFacts
The number of buy-to-let (BTL) mortgages available has today hit 505, the highest level since September 2008.
The size of the BTL market has steadily increased since July 2009, when the number of products fell to just 189.
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Tuesday, July 26, 2011
U.S. Housing Market in Gold, 70% to 80% Price Crash / Housing-Market / US Housing
By: Adrian_Ash
Inflationary or deflationary depression, it's like the long boom of affordable mortgages never happened...
SO IS the U.S. housing market nearing its low? Priced against gold it just might be.
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Monday, July 25, 2011
UK Capped Rate Mortgage Deals Analysis / Housing-Market / Mortgages
By: MoneyFacts
In the last two years the number of capped mortgage deals has increased from just one to 39.
Lenders such as Coventry Building Society, first direct, The Mortgage Works and Woolwich from Barclays are currently offering capped mortgages.
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Wednesday, July 20, 2011
Sales of Existing U.S. Homes Fall, Partly Due to Cancellations / Housing-Market / US Housing
By: Asha_Bangalore
Sales of existing homes declined 0.8% to an annual rate of 4.77 million units in June. The cycle low for sales of existing homes, excluding the swings related to the first-time home buyer credit program, is 4.5 million units, recorded in November 2008. Effectively, sales of existing homes have risen 6.0% from the cycle low mark (see Chart 1). Sales of single-family homes held steady at 4.24 million in June, up 5.5% from the cycle low reading of 4.02 million in November 2008.
Wednesday, July 20, 2011
U.S. Home Construction Advanced in June, But Inadequate to Declare the Housing Market Recovery is Here / Housing-Market / US Housing
By: Asha_Bangalore
Housing starts rose 14.6% to an annual rate of 629,000 in June, the first increase since March. Construction of single-family units moved up 9.4% to annual rate of 453,000 in June, the highest level since October 2010. These improvements in home building activity are a positive development but the level of total housing starts is about 72% below the peak registered in January 2006 (2.273 million units).
Tuesday, July 19, 2011
UK Housing Market Sellers Forced to Cut Asking Prices, Still 16% Over Valued / Housing-Market / UK Housing
By: Nadeem_Walayat
Rightmove, Britain's largest online estate agency is reporting that UK home sellers have cut their asking prices for the first time this year, by dropping them by 1.6% this month. The BBC further estimated that this still leaves national seller asking prices over valued by 16% at £236,597 against the average actual sale price of £203,528 on the DCLG valuations measure (implies 40%! over valuation on other house price indices such as the Halifax).
Wednesday, July 13, 2011
How to Find the Best Market for Rental Real Estate Investing / Housing-Market / Buy to Let
By: Money_Morning
Martin Hutchinson writes:
The weak U.S. housing market and high inflation, despite their negative effects on the economy have actually created a promising opportunity for rental real estate investing.
Truth be told, we're not going back to 69% homeownership rates anytime soon. With mortgages steadily harder to obtain, more would-be homeowners are renting.
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