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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: home prices

home prices stories: 66 news summaries

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 Home, Retail Sales Keep Sliding 

Retail decline due mainly to big autos drop; foreclosures depressing housing values

May 13, 08 11:36 AM CDT
(Newser) - 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.... More »

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

Down in Polls, Brown Admits 'Mistakes' 

Ahead of UK local voting, PM confesses tax missteps

Apr 30, 08 3:25 PM CDT
(Newser) - 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... More »

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

Economy

 Home Prices Take Record Dive 

Key index drops 12.7%; consumer confidence plummets

Apr 29, 08 11:24 AM CDT
(Newser) - 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.... More »

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

Economy

 New-Home Sales Hit
 Lowest Level Since '91 

8.5% drop much worse than expected; supply hits 27-year high

Apr 24, 08 10:53 AM CDT
(Newser) - 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... More »

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

Economy

 March Home Sales, Prices Fall 

Buyers can't get loans, or are awaiting bigger price drops

Apr 22, 08 10:02 AM CDT
(Newser) - 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... More »

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

Real Estate Slump Strikes Manhattan

Average apartment price soars to record; big picture grim

Apr 2, 08 3:25 PM CDT
(Newser) - 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 ... More »

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

 Home Prices, Consumer  
 Confidence Nosedive  

Housing trouble worsens as recession worries mount

Mar 25, 08 9:58 AM CDT
(Newser) - 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... More »

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

 Surprise! Existing
 Home Sales Jump 

February's 2.9% rise surprises analysts; median price tumbles unprecedented 8.2%

Mar 24, 08 10:45 AM CDT
(Newser) - 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... More »

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housing market • foreclosure • condominium • home prices • housing crisis • existing home sales • new-home sales • existing-home sales • single-family homes

Sinking Home Values Lead to 'Walkaways'

Owners grappling with negative equity
can afford to pay but choose not to

Feb 29, 08 11:47 AM CST
(Newser) - 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... More »

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

Home Prices Decline Across Country

8.9% declines posted for fourth quarter
in 10 biggest markets

Feb 26, 08 10:38 AM CST
(Newser) - 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... More »

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

Home Sales, Prices Sink Again

Would-be buyers get comfy, waiting for better deals

Feb 25, 08 10:05 AM CST
(Newser) - 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... More »

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home loans • home prices • existing home sales

Best Places for Home Bargains

Plenty of opportunity exists for money-minded buyers, Forbes says

Feb 13, 08 2:13 PM CST
(Newser) - 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:
  1. Salt Lake City: highest job growth in the country, and low foreclosure
  2. Raleigh,
... More »

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

Negative Equity Adds Another Crippling Factor

Forbes examines pitfalls of having a loan worth more than home

Jan 31, 08 6:45 PM CST
(Newser) - Foreclosure is scary enough, especially at its current pace—79% more US homes foreclosed in 2007 than the year before. But, Forbes writes, the housing crisis is dumping an even scarier problem on mortgage holders around the country: negative equity, in which a mortgage is worth more than the house... More »

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subprime mortgages • foreclosure • mortgage • home prices • housing crisis • negative equity

Consumer, Housing Numbers Slump

News isn't all gloomy: Demand for durable goods surges

Jan 29, 08 11:14 AM CST
(Newser) - Consumer confidence fell a bit less than expected but still approached a 2-year nadir in January, reinforcing fears that Americans will put the brakes on personal spending. In other economic reports out today, the S&P/Case-Shiller housing-price index report showed a 7.7% year-over-year drop for November, Bloomberg reports, and... More »

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Consumer Price Index • consumer confidence • recession • home prices • Case Shiller price index • housing crisis • consumer confidence index

Given Rent Prices, Homes Still Too High

Expect another 15% drop if historical relationship holds

Jan 3, 08 10:21 AM CST
(Newser) - If rent prices are any indication, home prices aren’t done falling, according to one former and two current Federal Reserve economists. Annual rents have historically held steady at about 5% of home prices, but since 1996 home prices have left rents in the dust, the Wall Street Journal ... More »

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housing market • Federal Reserve • rent • Congressional Budget Office • home prices • homeowners • housing crisis

Home Prices Suffer Record Monthly Drop

October figures exceed gloomy estimates, show continued slump

Dec 26, 07 12:25 PM CST
(Newser) - 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... More »

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

Home Sales Hit Record Low Despite Dropping Prices

Sales of existing properties down 20.7% over last year

Nov 28, 07 12:41 PM CST
(Newser) - Existing-home sales fell for the eighth consecutive month in October, hitting record lows in a survey of realtors. Resales dropped to an annual rate of 4.97 million, down 1.2% from September, despite a huge 5.1% drop in median price. “Price declines are part of the healing... More »

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housing market • home prices • home resales • housing sales • housing crisis

Home Prices Suffer Record Quarterly Drop

Housing market's
woes worsen
across the country

Nov 27, 07 1:41 PM CST
(Newser) - The housing slump deepened in September as home prices plummeted, posting a record 4.5% decline from third quarter 2006 to third quarter 2007, Marketwatch reports. The 1.7% decline from the second to the third quarter was also a record in the 21 years the bellwether index has been... More »

MORE ABOUT:
housing market • home prices • Case Shiller price index • Robert Shiller

New LA Buildings
Going Green

Planners pass tough new rules that critics grouse will boost prices

Nov 16, 07 3:30 AM CST
(Newser) - The Los Angeles Planning Commission has approved an ambitious package of rules that would require new buildings to cut energy use by 15%. Measures include wiring buildings for solar energy, installing water-saving appliances, and using recycled materials in construction, the Los Angeles Times reports. The regulations would reduce energy use... More »

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Los Angeles • home prices • green construction

Consumer Confidence Falls to Post-Katrina Levels

Housing slump deepens, cranking up pressure on Fed

Oct 30, 07 1:10 PM CDT
(Newser) - Consumer confidence plummeted in September to its lowest reading since October 2005, fueling worries that housing’s downturn could affect consumer spending, which makes up two-thirds of the economy. Home prices, meanwhile, suffered their biggest drop in at least 6 years. “There is really no positive news in today's... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • consumer confidence • home prices

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