housing stats

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Best They Can Do

We have some experience with what to expect, and it squares with the common sense notion that the tax credit is pulling house purchase demand from the future. When the first homesucker’s credit expired last year, purchase demand collapsed. That tax credit program applied only to first time buyers. This one applies to everyone, not just first timers. The demand vacuum following the expiration of this program should be even more extreme, and last longer.

21Apr2010 | | 3 comments | Continued
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Thinking of Selling Your Home? The Weight of Evidence Says Get It Done Yesterday.

Key charts to help you understand if now is a good time to buy or sell a home.

16Apr2010 | | 2 comments | Continued
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New Observations Quarterly Forecast of Property Values Estimates a Loss This Year of 13 Percent

The New Observations quarterly forecast of property values estimates a loss in values this year of 13 percent – a slight uptick from the 12% loss forecast at the beginning of the year.

8Apr2010 | | 0 comments | Continued
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Here’s What the Housing Inventory Picture Really Looks Like

This gauge of residential property sales, inventory for sale, and delinquent mortgages is the central location of the financial crisis.

5Apr2010 | | 11 comments | Continued
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New Update of 120-Year Residential Property Series Suggests 22 Percent Nationwide Fall Ahead

The best long-run data series on property values estimates a fall of 22 percent from current values.

5Apr2010 | | 2 comments | Continued
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Today’s Mortgage Rates Steady Below 5 Following Fed “Text”

Prices of mortgage-backed securities declined for the second day in a row today. Mortgage rates, which move opposite mortgage-backed securities prices, were unchanged. Pricing though, which effects closing costs, worsened this afternoon. In other words whatever it may have cost you to secure a 4.75% 30 year fixed mortgage yesterday, it’ll cost just a little more to get that same rate today.

10Feb2010 | | 0 comments | Continued
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The New Year’s Guide of 10 Key Charts To See Before Buying A Home

Ten housing charts (Including Affordability, Inventory, Delinquent Mortgages, Rates and others) that should make you question if now is really a good time to buy a home.

2Jan2010 | | 1 comment | Continued
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The Numbers Still Say 30% Down 30% To Go

It’s very nice that values achieved a gain of .013% in October, but we still have a 30% fall ahead of us and, as you know, we have a 30% fall behind us. Better send in your mortgage payment.

30Dec2009 | | 1 comment | Continued
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Four More Years To Fall

The exhaustive Freddie Mac price index predicts prices will continue to fall for the next four years as the index fell 2% nationwide in the 3rd quarter.

9Dec2009 | | 2 comments | Continued
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Weak In Review

Now that I’ve recovered from turkey overload, it’s time to digest last week’s economic data turkeys. Case Shiller was out with more late data last week. I say late because the data includes sales only through September. Call it the curve behind the curve. Not only is it late, the index is an average of […]

30Nov2009 | | 0 comments | Continued