Tags » The Price Of Real Estate

May Home Sales Hit Bottom 10 Percent

Sales fell 15 percent in May from the year earlier to a seasonally adjusted annual rate of 4.81 million. Inventory increased to a 9.3-month supply. The sales pace is in the bottom 10% of readings in the 12 years of data. 148 more words

Financial Crisis

The Wall Street Journal Says After Five Years Of Bust It Is Time To Buy

Mortgage rates are near 50-year lows. Affordability has improved dramatically. The ratio of home prices to income is 21% lower than its 15-year average. An excess of 3 million vacant units makes this a buyer’s market. 226 more words

Real Estate Prices

Homeowners who will consider strategic default doubles in one year

A report from Fannie Mae found 27% of homeowners would consider walking away. The previous year only 15% would think of defaulting on a mortgage they could still afford. 209 more words

Housing Bubble

13 million homeowners or 28 percent with a mortgage in or near negative equity

CoreLogic reported today that 27.7 percent of all homeowners with a mortgage are near or in negative equity.

Negative equity borrowers are “underwater” and “upside down” with mortgage debt greater than the value of their home. 297 more words

Financial Crisis

The Massive Affordability Trend Hits 75 Percent

A good gauge of prices looks good at 75 percent and looks to have a better good future.

The Housing Opportunity Index measures housing affordability by tracking price against median income – now at $64,400 (See chart below). 141 more words

Financial Crisis

Capital Economics Reports Current Crash Has Surpassed Great Depression

Economist Paul Dales at Capital Economics calls the Great Depression fall in housing prices a loss of 31 percent (MarketWatch). How bad was it then? 461 more words

Housing Bubble

Standard and Poors Says Double Dip in Housing Prices Confirmed

The Case-Shiller 20-city index released today has fallen under the bubble-crash low of April 2009 and confirms a double-dip in home prices. S&P reports a 4.2% national fall in values just in the first quarter of this year. 144 more words

Financial Crisis