Items Tagged with 'David Berson'


  • April's dip in home sales may portend "significant gain" in May, economist says

    March's signed contracts were supposed to have turned to sales by now
    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?
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  • Where are home sales headed?

    Realtors: Strength hinges on job market
    Existing-home sales experienced a slight increase and grew 1% to a seasonally adjusted rate of 4.87 million in December from 4.82 million in November, due to weather, mortgage rates and continuous home prices gains.
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  • Existing-home sales not reflective of current market

    Investor influence remains high
    The impressive growth in existing-home sales would seem to suggest a continually improving housing market. But David Berson, chief economist at Nationwide, believes it may be premature to assume this report is directly correlated with the current housing market.
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  • PMI Expects Lower Housing Prices in 2011

    [Update 1: Clarifies timeframe] Home prices will be lower in two years compared to Q109 for much of the country’s metropolitan statistical areas, (MSAs) according to an economic trends report released by PMI Mortgage Insurance Co. As many as 324 -- just over 85% -- of the country’s 381 MSAs are facing the risk of lower home prices in 2011. In addition, 28 of the top 50 MSAs are now in the report’s highest risk category.
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  • Recession to Depress Housing Prices Through 2010: Report

    As many as 374 of the nation’s 381 Metropolitan Statistical Areas - or 98 percent - are currently facing an increased risk of lower home prices through year-end 2010, according to data released Wednesday by PMI Mortgage Insurance Co. [stock PMI][/stock]. Albeit, the bit of good news, according to PMI's U.S. Market Risk Index and First Quarter Economic and Real Estate Trends Report, is 212 of the nation’s MSAs hold a minimal-to-low risk of lower prices in two years.
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  • Worth looking back on

    As the housing crisis spins onward, we thought HW readers might enjoy a blast from the past -- 2004, to be exact. That's the year the now-defunct Homeownership Alliance put out a report titled "America’s Home Forecast: The Next Decade for Housing and Mortgage Finance." The authors include none other than David Berson, David Lereah, Paul Merski, Frank Nothaft, and David Seiders; it's certainly amusing now to think about the fact that the NAR and Fannie and Freddie were once much more closely aligned than they are today.
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  • ASF Update: Really, Really Bearish on Housing

    (Editor's note: Monday and Tuesday of this week, HW will be providing periodic live updates on the sights, sounds, and sentiments at the ASF 2008 conference in Las Vegas.) Having just taken in a morning session on the nation's housing markets, it's pretty clear that expectations are low on the Street and elsewhere for housing -- perhaps most surprising, however, was just how bearish the sentiment really was.
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