Archive for the 'Real Estate Sales' Category
Mark your calendar this week !
Related Posts: Credit & Finance, Florida Listings, Government, Real Estate Sales
hiHousing has hit bottom, says economist one. Housing will hit bottom this summer, says economist two. Housing won’t hit bottom until 2010, says economist three.
Some liken housing data to the weather: If you don’t like today’s statistics, wait until tomorrow. The “facts” will change. Here are some mixed signals:
• The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, reported that home prices rose 0.7 percent from January to February 2009.
• The February 2009 RPX Monthly Housing Market Report said home sales increased month-over-month in 22 of 25 key metropolitan statistical areas and 13 of these areas posted the largest gain in February 2009 since 2006.
• The National of Association of Realtors® reported that existing home sales dropped in March 2009, and median prices fell 12 percent from a year earlier.
• First American CoreLogic announced that national housing prices declined 12.2 percent in February from a year earlier and have been in decline for 24 straight months. It predicted that home prices would continue to decline through 2010.
This BrokerBlogger said months ago that the statistical bottom will of the housing market be April 1st, 2009. In April of 2010 we will look back and see that the slooooooow and rocky recovery began this month. Write it down and we can debate it on Cinco de Mayo 2010. It will still be a struggle to get credit if you have a marginal credit score, unit sales will be rising, housing starts for single family homes will lead the building recovery, the desireous areas like Florida will be at the top of the lists of states moving forward and people will talk about the new new real estate buying & selling methods and strategies that for some reason will remind you of the way it was before the housing boom and before the day when not everyone could just state an income and get a loan.
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Home prices Click up a little………..
Related Posts: Florida Listings, Real Estate News, Real Estate Sales, What If Realty News
hiWASHINGTON, DC – March 25, 2009 – U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. In December, the FHFA first reported a 0.1 percent increase, which was later revised to a 0.2 percent decline. FHFA (www.fhfa.gov) regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks as authorized by the Housing and Economic Recovery Act of 2008.
For the 12 months ending in January, U.S. prices fell 6.3 percent, and the U.S. index is 9.6 percent below its April 2007 peak.
The FHFA monthly index is calculated using the purchase price of houses sold or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally-adjusted monthly price changes from December to January ranged from -0.9 percent in the Pacific Division to +3.9 percent in the East North Central Division.
Month-to-month changes in the geographic mix of sales activity explain most of the unexpected rise in prices in January. Home sales disproportionately occurred in areas with the strongest markets, according to the release issued by FHFA. “While it is difficult to perfectly control for changing geographic mix in estimating house price indexes, the data suggest that if one were to remove those effects, the change in home prices in January, while still positive, would have been far less dramatic,” according to the FHFA release.
Reported sales volume, in absolute terms, was relatively low in January. As a result, the FHFA warns that relatively large revisions could occur later
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