Data through November 2010, released January 25 by Standard & Poor’s for its S&P/Case-Shiller Home Price Index, the leading measure of US home prices, show a deceleration in the annual growth rates in 17 of the 20 Metropolitan Statistical Areas (MSAs) and the 10- and 20-City Composites compared to what was reported for October. The … Continue reading Home Prices Continue Down Nine Cities Hit New Lows
December 2010 Overview The December housing market begins with a continuation of the seasonal price and inventory declines, with asking prices down by 0.45% this month and active inventory down by 3.16%. In November 2010, the Altos 10-City Price Composite continued its seasonal decline by 0.45%. Expect weekly declines in price, inventory and demand through the … Continue reading Real-Time Housing Market Update December 2010
Congress approved and the socialist who resides in the White House has signed financial regulatory reform legislation that lacks - ironically enough - any actual reform.
Indianapolis followed by Detroit/Dearborn, Michigan; Dayton and Youngstown, Ohio; and Akron, Ohio top the list of the most affordable housing markets in America, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index which was released February 19, 2010. Nationwide housing affordability, bolstered by favorable interest rates and housing prices which have been … Continue reading Housing Affordability: Report and Analysis on the Most Affordable Housing Markets in America
Given the difficulty of trending the home building market, it’s only fitting that the five experts we asked for the first five housing markets to recover picked an ersatz grab-bag of markets from the Great Plains, the Deep South, and even the Industrial Midwest. There’s something for nearly every builder in here. That said, the … Continue reading Housing Market Experts Predict the Housing Markets That Will Recover First
The newly expanded home buyer tax credit extends the $8,000 first-time buyer credit through April 30, 2010 and provides a new credit of up to $6,500 for repeat home buyers. The National Association of Home Builders (NAHB) is spreading the word to consumers about an important new law that extends and expands an attractive tax … Continue reading Tax Credit For Home Buyers Expands Home Buyer and Economic Activities