MND NewsWire : home prices

S&P Says Home Prices Improve for Fourth Straight Month

Patrick McGee — Tue, 28 Jul 2009 14:25:00 GMT

Home prices across the nation improved for their fourth consecutive month in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index. The 10-City and 20-City Composites are 16.8% and 17.1% lower, respectively, compared to May 2008. Historically, those are major declines, but in the current context they represent the slowest annual price drops in close to a year. Just one month before, the figures were -18.0% and -18.1%....(read more)

Case Shiller Index Suggests ‘No Evidence’ of Home Price Recovery

Patrick McGee — Tue, 26 May 2009 14:01:00 GMT

A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002. The S&P/Case-Shiller Home Price Index ― which covers 20 metropolitan areas ― showed a price decline of 18.7% in March, suggesting a greater fall in prices than expected. Analysts were looking for an -18.40% reading, following the -18.67% reading for February. The 10-city measure fell a similar 18.6%. The numbers were even worse on a quarterly basis...(read more)

Mid-Morning Recap: NAR Home Prices Fall, BofA Beefs up Capital

Patrick McGee — Tue, 12 May 2009 15:58:46 GMT

Markets began higher on Tuesday, quickly turned negative, and roughly 90 minutes into the session have nearly bounced back to parity. News from around that nation has been mixed on Tuesday, with financial institutions beefing up capital, prices of houses falling in the first quarter, and the trade deficit expanding as expected. As of 11 am EST, the Dow had moved up 0.8% to 8425, while the S&P was still down t0.38% to 905.80, and the Nasdaq was down 0.87% to 1715.89. In an effort to shore up fresh...(read more)

Pace of Decline in U.S. Home Prices Slows in February

CEP News Feed — Tue, 28 Apr 2009 14:03:25 GMT

The S&P Case-Shiller home price index fell less than expected in February, although 10 of 20 metro areas still showed record rates of decline. The S&P Case-Shiller Home Price Index fell to a reading of 143.17 in February again expectations for...(read more)

House Prices Climb Unexpectedly in February

CEP News Feed — Wed, 22 Apr 2009 15:02:30 GMT

House prices unexpectedly rose in February, according to a report from the Federal Housing and Finance Administration on Wednesday. The report showed a 0.7% month-over-month increase in U.S. house prices, following a downwardly revised 1.0% increase in...(read more)

Home Prices Down Nearly 20% in Metro Areas

CEP News Feed — Tue, 31 Mar 2009 13:49:26 GMT

The S&P Case-Shiller U.S. home price index fell more than expected in January, with prices down nearly 20% from a year ago. The 20-city composite index posted a decline of 18.97% to a reading of 146.40. Economists had forecast an 18.60% drop. The...(read more)

FHFA House Prices Unexpectedly Climb in January

CEP News Feed — Tue, 24 Mar 2009 14:59:00 GMT

U.S. house prices unexpectedly advanced in January, according to a report from the Federal Housing and Finance Administration on Tuesday. The report showed a 1.7% month-over-month increase in U.S. house prices following a downwardly revised 0.2% decline...(read more)

Falling Home Prices Boost Home Sales Across the Country

CEP News Feed — Mon, 02 Feb 2009 18:05:48 GMT

Home sales rose in 56 markets across the United States in December, according to a monthly housing report released Monday. The December average of home sales were up 9.73% in December from the previous month, and up 11.36% from the same period a year...(read more)

House Prices Fell 1.3% in September, Says FHFA

CEP News Feed — Tue, 25 Nov 2008 17:12:43 GMT

House prices declined 1.3% over the month of September, following August's downwardly revised -0.8% figure, according to the monthly house price index from the Federal Housing Finance Agency (FHFA) , released Tuesday. The consensus had been looking...(read more)

Home Prices, Existing Sales Continued to Decline in Q3, Says NAR

CEP News Feed — Tue, 18 Nov 2008 15:55:05 GMT

Home prices continued to fall in a majority of U.S. metropolitan areas in the third quarter, while existing home sales were also down in 32 states, the National Association of Realtors reported Tuesday. In the third quarter, median single-family home...(read more)

Zillow Survey Portrays Homeowners in Denial

Jann Swanson — Fri, 31 Oct 2008 18:43:40 GMT

Our old friend Zillow , the Seattle-based company that provides data on home values in select areas of the country, has just released results of its most recent survey of homeowner perceptions of value. Zillow's Quarter 3 Homeowner Confidence Survey was conducted October 7-9, during the week that the stock market really tanked (as compared to other recent weeks when it merely tanked.) This makes the result of the survey even more ironic and indicates that American's are deeply in denial over...(read more)

FHFA Says House Prices Fell 0.6% in August

CEP News Feed — Thu, 23 Oct 2008 14:54:33 GMT

House prices declined 0.6% over the month of August, following July's downwardly revised -0.8% print, according to the monthly house price index from the Federal Housing Finance Agency (FHFA) released Thursday. The consensus had been looking for a...(read more)

Survey Suggests U.S. House Prices Decline from Dual Processes

CEP News Feed — Thu, 02 Oct 2008 17:40:28 GMT

More evidence of a well-known trend emerged on Thursday when it was reported that U.S. house prices across the country continue falling as a result of foreclosure sales. Yet traditional logic in buying and selling is also taking its toll on prices, suggests...(read more)

House Prices Fall 0.6% in July, Says OFHEO

CEP News Feed — Tue, 23 Sep 2008 14:17:50 GMT

U.S. house prices declined 0.6% in July following June's downwardly revised -0.3%, the Office of Federal Housing Enterprise Oversight (OFHEO) reported Tuesday. The consensus had been looking for a decline of 0.2% in the month. Prior to revision, June's...(read more)

Decline in U.S. Pending Home Sales Fail to Suggest a Bottom, Economists Say

CEP News Feed — Tue, 09 Sep 2008 18:29:00 GMT

U.S. pending home sales fell more than twice the consensus expectation in July, falling by 3.2% in the month following an upwardly revised 5.8% rebound in the previous month. The report fails to indicate a bottoming out in the housing sector, economists...(read more)