home prices

Single Family Home Prices On Slow Rise

Armen Hareyan — Mon, 12 Oct 2009 07:53:22 -0500

Back in January of this year, before the major media mentioned it, I told readers that bidding wars had erupted over short sales and foreclosures in South Florida. I also mentioned that these properties were often selling above their asking prices, and that home prices seemed not only to be stabilizing, but on occasion, to be rising. In addition, I noted that home sellers were conceding less and less on price.

S&P/Case-Shiller Rebounds As Home Prices Rise 1.6%

Armen Hareyan — Tue, 29 Sep 2009 08:31:58 -0500

The rise of the S&P/Case-Shiller Index also improved the stock futures this morning. Those numbers show that in the major 20 metropolitan centers in USA the home prices rose 1.6 percent.

Median Price Drop Affects 10% of South FL Homeowners

Armen Hareyan — Mon, 21 Sep 2009 15:35:34 -0500

People purchase homes for two main reasons. The first is the most obvious: for shelter, comfort and a place to raise a family. The second has to do with the American dream: we’ve been taught that a home is our largest investment. Buy a house, live happily ever after in it, and when you’re ready to retire, sell it for a nice profit above median price value.

Stabilizing home prices create buyer disbelief

Armen Hareyan — Fri, 28 Aug 2009 19:10:43 -0500

Down here in Florida, real estate sales have been up for the last 4 months. Existing sale prices have moved up 0.2%, and unsold home inventories have declined from a high of 16 months to a low of 10 months. So why are real estate agents seeing emotions ranging from amazement to anger among buyers when sellers refuse to yield much of a discount on their selling price in lower priced homes?

Florida Home Prices Not Yet In Synch

Armen Hareyan — Fri, 07 Aug 2009 18:33:49 -0500

Despite gloomy predictions and continual press reports that South Florida property values are sinking into the ocean, South Florida single family homes are appear to be holding steady at prices that are 30 – 35% below their 2006 peak. It’s the taxable values that are declining.

National Association of Realtors' Home Price Revelations

Armen Hareyan — Tue, 12 May 2009 12:50:39 -0500

The National Association of Realtors' recent survey shows how the foreclosures, low mortgage rates and short sales have impacted the median home prices in the metropolitan areas of the United States. The National Association of Realtors says first-time buyers looking for bargains dominated the market.

Are Home Prices Really Falling?

Armen Hareyan — Wed, 01 Apr 2009 18:41:35 -0500

Whether the home prices are falling or no depends on who you ask and in what part of the country you ask.

Home Prices Continue to Slide at a Record Pace

Michael Santo — Tue, 27 Jan 2009 11:56:46 -0600

There seems to be no stopping it: home prices continued to slide in November, at a record annual pace, according an index of home prices in 20 major metropolitan areas released Tuesday.

Appartment Prices Fall in Manhattan

Armen Hareyan — Mon, 05 Jan 2009 22:19:23 -0600

Reuters reports that the prices of apartments are falling in Manhattan, the heart of New York City and will fall further.

Housing Starts Plunge As Real Estate Prices Fall

Armen Hareyan — Wed, 19 Nov 2008 14:05:02 -0600

Home and real estate prices fell a record amount in the United States last month, and U.S. home building dropped to a record low, providing more evidence of the problems in the American economy.

McCain Voters More Confident About Home Values Than Obama's

Armen Hareyan — Fri, 31 Oct 2008 08:29:30 -0500

Are John McCain's voters really unrealistic about the prices of their houses? The recent survey by Zillow shows that McCain voters show more confidence about wwn homes' values than Obama voters. Also, at least 7.5 million American homeowners are "underwater," owing more on their homes than they are currently worth, according to a report released today. In other words: If they sold their homes today, they'd have to bring a check to the closing, CNNMoney.com reports.

Standard Poor S/Case Shiller 20 City Housing Index -17 % Y/Y, July

Armen Hareyan — Tue, 30 Sep 2008 11:42:19 -0500

A closely watched index shows home prices tumbling by the sharpest annual rate ever in July, but the rate of decline is slowing.