The Standard & Poor's/ Case-Shiller home price index for October, released on Wednesday, fell again for what is the 10th consecutive month. The 6.7 percent drop from figures a year earlier was the largest recorded by the index since April, 1991 when prices declined 6.3 percent. The S&P/Case-Shiller...
The U.S. Council of Mayors released a devastating report on the impact on member communities of the ongoing housing market problems. The report, prepared by Global Insight , an economic forecasting firm, was presenting at a meeting of the Conference attended by mortgage industry and community groups...
The OFHEO House Price Index (HPI) usually doesn't get too much attention (except here where we regard it as the best, or at least the most interesting of the periodic housing indicators) but this time around people began anticipating it days before it was actually issued and there was speculation that...
Unlike the see-saw figures on housing sales and house prices that come out monthly from the National Association of Realtors and the Census Bureau, the House Price Index (HPI) published quarterly by the Office of Federal Housing Enterprise Oversight (OFHEO) takes the longer view. The HPI for the fourth...
We have often said that the quarterly Office of Housing Enterprise Oversight (OFHEO) Home Price Index (HPI) report is one of the most interesting of the dozens of surveys and measures of the housing market that come out every month, quarter, or year. The report, which is based on same house sales, is...
The problem with the majority of real estate surveys and reports is that they are by definition lagging indicators. So while some "experts" are predicting the end of the real estate world and others are assuring us of a soft landing or a gradual deflation of the housing bubble , or employing other euphemisms...
Last week was a big week for news about the housing bubble and the quarterly House Price Index (HPI) report of the Office of Federal Housing Enterprise Oversight (OFHEO) released on March 1 was a good deal more optimistic about price growth than were the Census Bureau and Department of Housing and Urban...
It has, by no means, burst, but the quarterly House Price Index (HPI) report issued by the Office of Federal Housing Enterprise Oversight (OFHEO) on March 1 indicates that there may be a slow leak in the housing bubble . Same house sales during the fourth quarter showed an increase of 1.69 percent over...