Real Estate

May 24, 2012
Commercial real estate price recovery slows
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FHFA: Home prices rose 0.5% in first quarter

Home prices across the nation rose a modest 0.5% in the first quarter from a year earlier, according to the Federal Housing Finance Agency house price index.

They Said It

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56% of homebuyers are able to afford a median-priced, existing single-family home in the state, the California Association of Realtors said. That is up from a home affordability rate of 55% in the fourth-quarter of last year and 53% in the first quarter of 2011.

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ReWired

Turns out the appraisers were perhaps right

A blog in The Wall Street Journal declares: "Negative equity more widespread than previously thought, report says." And to readers of the WSJ, there is a chance this "new" development is a shocker.

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