All three headline Case-Shiller composites fell to new post-crisis lows in the first quarter of 2012, wiping out all price gains realized since prices peaked in 2006, a decline of approximately 35 percent through March 2012.
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Latest Real Estate News
Showing items 46 - 60 of 688
No need to worry long about yesterday's depressing Case-Shiller numbers. In a two to three months, count on C-S to be on the way up again.
Very few home buyers with credit scores below 620 are getting mortgages these days and but more are putting down less than 20 percent.
Markets that experienced the biggest boom in foreclosures in 2009 and 2010 today are experiencing a decline in new foreclosures.
As the spring buying season begins, some real estate gurus are getting cold feet about prices despite reports of record low inventories and consistent increases in sales.
Real estate professionals have become more optimistic about the direction of home values than homeowners, according to the latest HomeGain National Home Values Survey.
Millions of homeowners have lost their homes to foreclosure because they owed more on them than they were worth. Now a new study from two economists at the Cleveland Federal Reserve suggests that some homeowners in poorer markets are losing their homes because their lenders inaccurately overvalue them.
Inventories are at historic lows, list prices have strengthened over the past 12 months and demand is healthier. The February data from Realtor.com paints a positive picture for the coming recovery.
The latest data from RealtyTrac and CoreLogic makes it official. Driven by the still suffering economy, Foreclosures are marching northward from their traditional haunts in the recovering Sand States, invading markets that have seen relatively few foreclosures to date.
For the first time in 18 months, home prices in the 53 cities surveyed by the RE/MAX National Housing Report in February rose by 1.1 percent over February 2011. As an early spring drew buyers to market, home sales were even higher, up 8.7 percent from one year ago.
Housing prices will drop four more percentage points and they won't bottom out until next fall. That's the latest forecast from Standard & Poor's housing experts, from a Webcast on the US Housing Market distributed to investors and the media.
National monthly rents declined slightly in December, falling 0.3 percent to $1,218, though from January 2011 to January 2012 median rents rose 3 percent on the year.
For the first time in six years, sellers' asking prices tracked by the Department of Numbers Web site have gone positive on a year-to-year basis, another sign that the housing economy is slowly healing itself.
For six years the so-called "Sand States"—Arizona, California, Florida and Nevada—have absorbed the lion's share of punishment from foreclosures. But as many of those markets stabilize, the foreclosure plague is moving north and east and a major cause is the congestion of the region's foreclosure processing.
In another sign that the nexus of national foreclosure activity is shifting to the Midwest, Illinois led the nation in price declines in January with an 8.7 percent plunge in median sale price from a year ago. Next biggest losers were Nevada (-8.0 percent), Delaware (-7.9 percent), Alabama (-7.7 percent) and Georgia (-7.5) percent.
Foreclosure sales spiked in the first month of 2012, up approximately percent respectively. Sales in non-judicial states outpaced judicial by over three to one, exacerbating the backlog of foreclosures soon to reach local real estate markets in states where court orders are required to foreclose on homes.
