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July 25, 2008 12:59:33 PM CDT

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Stories related to: home prices

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  • July 2008

    • A Year On, Credit Crisis Lingers

      newser  |  New York Times  |  Jul 1, 08 7:09 AM CDT

      A Year On, Credit Crisis Lingers

      Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that fewer people can buy homes, Vikas Bajaj writes. Yesterday, the stock market finished its roughest 12 months since 2003. More »

      Tags

      stock market  • credit crisis  • Wall Street  • mortgage crisis  • bank  • home prices  • home loans  • financial sector

  • June 2008

    • Home Prices Take Steepest Tumble Since 2000

      newser  |  Associated Press  |  Jun 24, 08 10:42 AM CDT

      Home Prices Take Steepest Tumble Since 2000

      US home prices tumbled in April at the fastest rate since the Standard & Poor's/Case-Shiller index started keeping track in 2000, with all 20 metropolitan areas surveyed posting annual declines for the first time. The index fell by 15.3% in April versus a year ago, according to today's report. Prices nationwide are at levels not seen since August 2004. More »

      Tags

      Las Vegas  • home prices  • Miami  • Case Shiller price index  • Charlotte

    • Housing Slump Won't Ease Anytime Soon, Says Study

      newser  |  Reuters  |  Jun 23, 08 7:48 AM CDT

      Housing Slump Won't Ease Anytime Soon, Says Study

      Rising mortgage rates and a tenacious slump in sales and home values will continue to depress the worst housing market in decades, reports Reuters. Don't expect potential saviors—new home buyers—to make a dent any time soon, says a Harvard study. With mortgage rates at a 9-month high, credit tight, and foreclosures on the rise, they will likely wait until the market hits bottom, and it appears to have a ways to go.  More »

      Tags

      Federal Reserve  • housing market  • foreclosure  • interest rate  • home prices

  • May 2008

    • Foreclosure Sales Rebound as Buyers Snap Up Deals

      newser  |  Wall Street Journal  |  May 27, 08 7:31 AM CDT

      Foreclosure Sales Rebound as Buyers Snap Up Deals

      April generally was not a great month for home sales, the Wall Street Journal reports—except in the areas hardest hit by the subprime crisis as lenders slash prices on foreclosed homes and buyers snap them up. Subprime-riddled Detroit, for example, has seen home sales rise 48% in the past four months over last year; but prices have dropped 56%. More »

      Tags

      housing market  • foreclosure  • home prices  • home sales  • real estate values  • existing home sales

    • Home, Retail Sales Keep Sliding

      newser  |  Bloomberg  |  May 13, 08 11:36 AM CDT

      Home, Retail Sales Keep Sliding

      The housing market continued to plunge in the first quarter of 2008, as single-family sales dropped 22% from their year-ago pace, to 4.95 million annually. Bloomberg reports that the median home price is off 7.7% from a year ago, to $196,300, as foreclosed properties drag down values. Meanwhile, US retail sales were off in April, mainly because of a big drop in autos. More »

      Tags

      recession  • housing market  • economy  • retail sales  • home prices  • home sales  • housing sector

  • April 2008

    • Down in Polls, Brown Admits 'Mistakes'

      newser  |  Reuters  |  Apr 30, 08 3:25 PM CDT

      Down in Polls, Brown Admits 'Mistakes'

      With polls predicting big losses for his Labour party in tomorrow’s local elections, British Prime Minister Gordon Brown admitted he’d made mistakes in the past six months, Reuters reports. Chiefly, Brown acknowledged increasing the tax burden on the lowest-paid workers and those aged 60-64, but said both problems were currently being “dealt with.” More »

      Tags

      Gordon Brown  • housing crisis  • Labour Party  • home prices  • Ken Livingstone  • British elections  • Labour

    • Home Prices Take Record Dive

      newser  |  Bloomberg  |  Apr 29, 08 11:24 AM CDT

      Home Prices Take Record Dive

      A key measure of home prices fell fell 12.7% in February, the biggest decline in its 7 years of existence, and consumer confidence measured this month hit a 5-year low, Bloomberg reports. The S&P/Case-Shiller home price index reflects the crush of foreclosures and resultant tightening of lending standards. “There is no sign of a bottom in the numbers,” said an S&P spokesman. More »

      Tags

      housing market  • home prices  • economic indicators  • Case Shiller price index

    • New-Home Sales Hit Lowest Level Since '91

      newser  |  Wall Street Journal  |  Apr 24, 08 10:53 AM CDT

      New-Home Sales Hit Lowest Level Since '91

      New-home sales fell yet again in March, the Wall Street Journal reports, with single-family sales off 8.5% to an annual rate of 526,000, the lowest level since 1991. Analysts had expected a drop of only 1.9%. The median price, meanwhile, plummeted 13.3%, to $227,600. With an 11-month supply of homes available—the most since 1981—prices will likely continue to fall. More »

      Tags

      housing market  • housing crisis  • home prices  • new home sales

    • March Home Sales, Prices Fall

      newser  |  Bloomberg  |  Apr 22, 08 10:02 AM CDT

      March Home Sales, Prices Fall

      Prices on existing homes fell in March, but buyers stayed away, either unable to get loans, or betting on yet bigger drops, Bloomberg reports. Sales dropped 2%, to an annual rate of 4.93 million, as the median price fell to $200,700 from $217,400 last year. The number of available homes meanwhile swelled by 40,000, exacerbating supply problems. More »

      Tags

      housing market  • housing crisis  • economy  • home prices  • existing home sales

    • Real Estate Slump Strikes Manhattan

      newser  |  Bloomberg  |  Apr 2, 08 3:25 PM CDT

      Real Estate Slump Strikes Manhattan

      Manhattan real estate prices hit record highs in the first quarter of 2008, but sales declined, showing that the housing crunch is starting to affect the island, Bloomberg reports. The average price of a Manhattan apartment was $1.7 million, up 33.5% from last year, the New York Times reports, but sales for the same period fell 34%, the most in 18 years. More »

      Tags

      Wall Street  • housing crisis  • home prices  • home sales  • Manhattan  • real estate values  • New York real estate

  • March 2008

    • Home Prices, Consumer Confidence Nosedive

      newser  |  Bloomberg  |  Mar 25, 08 9:58 AM CDT

      Home Prices, Consumer Confidence Nosedive

      Home prices plummeted again in January, falling a record 10.7% compared to January 2007, according to the bellwether S&P Case/Shiller Hope Price composite. The March consumer confidence index, also out today, plunged to a 5-year low in yet another indication of recession, Bloomberg reports. The Conference Board measures consumer confidence as well as expectations for the next 6 months; that metric fell to a level not seen since the Nixon administration. More »

      Tags

      recession  • housing crisis  • housing  • home prices  • consumer confidence  • home sales  • Case Shiller price index

    • Surprise! Existing Home Sales Jump

      newser  |  Bloomberg  |  Mar 24, 08 10:45 AM CDT

      Surprise! Existing Home Sales Jump

      Existing home sales stunned Wall Street today with an unexpected spike, Bloomberg reports. The metric rose 2.9% in February to an annual pace of 5.03 million. Analysts had predicted yet another decline, to a 4.85 million pace. But one economist said this was only a “temporary pause.” “We’re still a long way from a recovery in housing,” he warned. More »

      Tags

      housing market  • housing crisis  • foreclosure  • home prices  • condominium  • existing home sales

  • February 2008

    • Sinking Home Values Lead to 'Walkaways'

      newser  |  Wall Street Journal  |  Feb 29, 08 11:47 AM CST

      Sinking Home Values Lead to 'Walkaways'

      Freefalling home values may be creating yet another crisis in the mortgage industry. The new phenomenon: homeowners capable of paying their mortgages who walk away, unwilling to pour money into a property that’s worth less than they originally paid. "It may not be a big thing yet, and hopefully it won't be," an economist tells the Wall Street Journal. More »

      Tags

      housing crisis  • foreclosure  • home prices  • housing bubble  • negative equity

    • Home Prices Decline Across Country

      newser  |  Wall Street Journal  |  Feb 26, 08 10:38 AM CST

      Home Prices Decline Across Country

      Home prices in the top 10 metro areas slumped 8.9% over the previous year, the largest decline in 20 years, according to the closely watched S&P/Case-Shiller price index, released today. "Wherever you look things look bleak," one economist tells the Wall Street Journal , noting that declines hit 17 of the top 20 markets, with Miami, Las Vegas, Phoenix,  and San Diego all off more than 15%. More »

      Tags

      credit crisis  • housing market  • subprime crisis  • real estate  • home prices  • Case Shiller price index

    • Home Sales, Prices Sink Again

      newser  |  Wall Street Journal  |  Feb 25, 08 10:05 AM CST

      Home Sales, Prices Sink Again

      Existing-home sales and home prices continued to fall in January, indicating that would-be buyers are waiting for the market to bottom out, the Wall Street Journal reports. "Inventories are high, so it's not surprising prices are declining," said one economist, who described home sales as "soft but fairly stable." The resale number actually beat economists' projections. More »

      Tags

      home prices  • home loans  • existing home sales

    • Best Places for Home Bargains

      newser  |  Forbes  |  Feb 13, 08 2:13 PM CST

      Best Places for Home Bargains

      Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10: Salt Lake City: highest job growth in the country, and low foreclosure Raleigh, NC: expanding economy keeps homeowners in the dough Orlando: sleepier than South Florida hotspots, so not as hard hit by the crunch Charlotte, NC: excess inventory and an influx of transplants from the North More »

      Tags

      list  • credit crisis  • foreclosure  • housing  • home prices  • homeowners  • homeownership  • cities

  • January 2008
  • December 2007

    • Home Prices Suffer Record Monthly Drop

      newser  |  Bloomberg  |  Dec 26, 07 12:25 PM CST

      Home Prices Suffer Record Monthly Drop

      Home prices plummeted 6.1% in October, a record year-over-year drop that exceeded forecasts. The index of prices in 20 major markets has dropped every month this year and fell 1.4% from the September figure, another record. The trend threatens overall consumer spending, making it more difficult for homeowners to dig into home equity funds, Bloomberg reports. More »

      Tags

      housing market  • mortgage crisis  • mortgage  • home prices  • home equity  • mortgage loans  • houses

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