Why Home Prices Are Rising Again (According to Case-Shiller)
No commentsThe Wall Street Journal June 26 As usual, I am following major Real Estate news and here is an interesting article from the Wall Street Journal from the end of June. It wasn’t hard to see this coming: Home prices rose in April after a spring that brought more buyers chasing fewer homes. Home prices […]
Foreign Purchases of the American Real Estate Rise Strongly
No commentsWall Street Journal | REAL ESTATE | June 11 A survey released last month showed that the six-year slide in U.S. housing prices, coupled with the rising value of some foreign currencies and continued instability in Europe, is fueling a property-buying binge in the U.S. by wealthy foreigners. This is a good news for the […]
FHFA: House Price Index Shows First Yearly Gain Since 2007
No commentsFHFA Report published in May 23, 2012 For the ones who don’t know, FHFA is the U.S. Federal Housing Finance Agency and it regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.7 trillion in funding for the U.S. mortgage markets and financial institutions. Click on the […]
Realtor guru: 10% home-price jump possible
No commentsThe Orange County Register June 26th Here is another interesting and positive article about the real estate market in the US. We all hope that these predictions will fulfill. National Association of Realtors Chief Economist Lawrence Yun said he “would not be surprised” if U.S. home prices jumped 10% by June of next year. If true, […]
Housing Inventory declines 20.07% year-over-year!
No commentsRealtor.com: May 2012 Real Estate Data Released – June 16, 2012 Some more good news about the current Real Estate market. See below what was written in the last month Real Estate Data issue at Realtor.com, and definitely check out the full chart with all the cities and markets and their statistics, since they differ […]
Warren Buffet on the USA Housing Market
2 comments so farBerkshire Hathaway February 25, 2012 | Warren E. Buffett Warren Buffett makes several key USA housing points in the annual Berkshire Hathaway Shareholder meeting, which are quite interesting for all foreign investors who are considering buying house in usa: Housing completions have been at record lows. 1 ) There are currently more households being formed […]
Apartment Vacancy Rate falls to 5.2% to 2001 Level
5 comments so farThe nation’s apartment-vacancy rate in the fourth quarter fell to its lowest level since late 2001 as Americans continued to favor renting homes instead of buying them. Reis Apartment Vacancy Rate (click to enlarge) In the fourth quarter, the vacancy rate fell to 5.2% from 6.6% a year earlier and 5.6% at the end of […]
CoreLogic: 10.9 Million U.S. Properties with Negative Equity in Q2
2 comments so farCoreLogic released negative equity data for Q2 2011 showing that 10.9 million, or 22.5 percent, of all residential properties with a mortgage were in negative equity at the end of the second quarter of 2011, down very slightly from 22.7 percent in the first quarter. An additional 2.4 million borrowers had less than five percent […]
USA Update: Real House Prices and Price-to-Rent
6 comments so farCalculated Risk Finance & Economics blog, July 26, 2011 Real House Prices Real House Prices in the USA (click to enlarge) Below are two graphs showing real prices and price-to-rent ratios for residential homes in the USA. Real prices are back to 1999/2000 levels, and the price-to-rent ratio is also back to 2000 levels in […]
Rents Rise, Vacancies Go Down
6 comments so farWall Street Journal, Real Estate, July 7, 2011 Vacancies … fell in 72 of the 82 markets during the second-quarter vacancy rate to 6%, the lowest since 2008 and compared with 7.8% a year earlier, according to Reis. […] The average effective rent, the amount paid after discounting, was $997 in the second quarter of […]