Items Tagged with 'home prices'

ARTICLES

  • The most expensive towns in the U.S. – and what it costs to live there

    Here’s how much you need to make to live in the top 10 priciest ZIP codes
    Everyone knows that living in Beverly Hills, California, or Greenwich, Connecticut, doesn’t come cheap. But how much, exactly, does it take to live there? A recent report by GOBankingRates spells it out, naming the most expensive ZIP codes in each state and determining what it costs to comfortably live there – and the results are staggering.
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  • Growing number of Americans say now is a bad time to buy a home

    Suggests lingering memories of the housing crash may slow home price growth
    There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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  • Raising children no longer pushes new parents to get a mortgage

    Renting families increase up to 73% in some areas
    Millennials waited longer than previous generations to enter the home-buying market, a phenomenon many experts blamed on low housing inventory, higher student loan debt and the younger generation’s decision to delay having a family. But now, a new study shows that even having children may not be as strong of a motivator to buy a home as it once was.
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  • Hurricane Maria drives Americans to invest in Puerto Rican homes

    Home prices drop 15% since storm
    At the end of last year, Puerto Rico suffered a devastating hurricane, which some estimates say killed as many as 5,000 and left the island without power for weeks. Now, Americans are moving in on the island, capitalizing on the downward trend in real estate prices due to the storm. A new study shows home prices on the island decreased by an average 15% since the storm.
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  • CoreLogic HPI Slips into Negative Column

    Following four consecutive month-over-month gains, home prices fell by 0.4% according to CoreLogic's August Home Price Index.   On a year-over-year basis, the index of national home prices, including distressed sales is down 4.4% from the previous August, a slight improvement from the 4.8% decline reported in July.  When distressed sales are excluded, home prices declined 0.7% when compared to the previous year. “Although the calendar says August, the end of the summer traditionally marks the beginning of 'fall' for the housing market as it begins to prepare for 'winter.' So the slight month-over-month decline was predictable, particularly given
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  • Home Prices Tick Up as Shadow Inventory Declines

    Two new reports on the housing market show that sales of existing homes experienced a fourth consecutive month of growth, due mainly to seasonal strength, as the shadow inventory of distressed properties declined by 15.7%.   U.S. home prices increased by 0.9% in July in both the 10 and 20-city composites of the S&P/Case-Shiller Home Price Indices with data through July 2011.  Of the 20 MSA's tracked in the survey, 17 experienced positive month-over-month increases in July, with only Last Vegas and Phoenix seeing declines, as Denver remained static.     On an annual basis, both the 10- and
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  • FHFA HPI Bounces in July

    The Federal Housing Finance Authority's Home Price Index (HPI) reported a seasonally adjusted 0.8% increase in national home prices for July.  It is the fourth consecutive month that the index has shown increases. The trend of month-over-month increases has yet to bring increases to the year-over-year data, as home prices have declined 3.3% from the previous July.  The index is currently 18.4% below the peak reached in April 2007 and in-line with the level recorded in March 2004. In the HPI, the FHFA tracks home purchase prices of transactions that had mortgages sold to or guaranteed by Fannie Mae
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  • Pending Sale Slip but Home Prices Tick Up

    Two latest reports on the housing markets show some signs of positive growth, but highlight continued struggles in finding stability and growth momentum in home prices and sales. The National Association of Realtors' (NAR) Pending Home Sales Index that focuses on contract signings (not closed sales) slipped in July by 1.3% to 89.7.  The level, however, is 14.4% above the 78.4 index posted in July 2010. NAR's Chief economist, Lawrence Yun noted that sales activity is underperforming and that tightened underwriting standards continue to weigh on healthy expansion.  Two other factors weighing on the market include appraisal valuations leading to canceled contracts and
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  • Home Sales Drop in July

    Sales of existing home sales fell in July after two months of gains with tighter lending standards and valuation challenges, but sales increased over July 2010. In a survey of 53 metropolitan areas, the National Housing Report released by Re/Max found that home sales fell by 12.7% in July from the previous month.  On the bright side, the pace of sales in this survey were higher than the previous year for the first time in six months.  Sales in July outpaced sales from July 2010 by 13.1%. The survey stated that contributing the decline in sales were strict lending
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