Home Prices Post Eighth Month of Year-Over-Year Gains; Foreclosure Activity at Five-Year Lows

It looks like the housing market might be getting a little better. Home prices have posted eight consecutive months of gains and foreclosure activity nationally is at lows not seen since 2007. Could this finally be the bottom for real estate? Continue reading

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US Home Prices Dropped For a Sixth Straight Month in February

Home prices continued their slide in February, according to Standard & Poor’s Case-Shiller home price index. National home prices have now fallen a total of 35% from the highs hit in 2006 and are back at 2002 levels. With prices and mortgage rates as low as they are, this is a great time to purchase a home. Home affordability has already been better than it’s been in years, but it continues to get even better. Continue reading

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S&P/Case-Shiller: Home Prices Hit 10-Year Low

The affordability picture continues to improve in the housing market. According to the S&P/Case-Shiller home price index, home prices are at the lowest they’ve been since 2002. Between low home prices and low interest rates, home affordability hasn’t been this good in a very long time. Continue reading

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More Home Price Drops to Come, According to Fiserv

Fiserv, a financial analytics company, is predicting more home price declines to come in the months ahead, according to a CNN article. Continue reading

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Bank Risk Managers: Housing Unlikely to Recover Before 2020

Once a bubble bursts, it’s pretty hard to blow it up again. A recent survey of bank risk managers reveals a pessimistic outlook for the housing market for the rest of the decade. Continue reading

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Bloomberg: New Home Sales Hit Six-Month Low in August

Home sales hit a six-month low in August 2011, despite record low rates and continuing price declines. Continue reading

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Case-Shiller Index: Home Prices Fell Again in May 2011

Home prices continued to fall in May 2011, despite record low mortgage interest rates. Continue reading

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US Home Prices: 20% to 30% Declines Still to Come?

Steve Barry over at The Big Picture blog posted a very interesting graphic that shows how far the continuing decline in home prices might go. Robert Shiller, half of the team that created the widely-cited Case/Shiller home price index, also believes we could see significant price declines before this is all over. Continue reading

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Robert Shiller: 10% to 25% Slump in Real Home Prices Possible

Robert Shiller, one half of the team that created the widely cited S&P Case/Shiller home price index, is sounding pretty bearish about the future of the real estate market. Continue reading

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According to the Case-Shiller Index, the Home Price ‘Double Dip’ is Here

It looks like the real estate “double dip” has arrived. According to the S&P/Case-Shiller 20-City Composite Index, home prices fell in March 2011 to lows not seen since 2003. Continue reading

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