Home Prices Down Again
Home Prices
Real estate market condition
home prices
The just released Standard & Poor’s/Case-Shiller index showed home prices dropped in October from September in 19 of the 20 cities tracked! This marks the second month in a row that home prices fell in the majority of cities tracked in this report.
This report also showed that home prices in Atlanta, Las Vegas fell to their lowest points since the housing crisis began.
Home prices in many cities, including Cleveland, Detroit, Las Vegas, Phoenix and Tampa, have reached their lowest points since the housing bust began. Read more 
Home Values Drop – Case-Shiller index
Home values drop in most US cities in most recent Case-Shiller index report
Home Values
Home prices dropped in September from August in 17 of the 20 cities tracked by the Case-Shiller Index. The biggest monthly price declines were in Atlanta, San Francisco and Tampa (Florida) . Also, home prices in Atlanta, Las Vegas and Phoenix fell to their lowest points since the housing crisis began four years ago.
The only three cities in the index to show any home value increases were in New York, Portland (Oregon) and Washington.
A few of reasons why the home values continue to slide: 1) home prices are still too high in many areas, 2) people have little money to spend, 3) fear – home prices can and will likely go lower, 4) uncertain labor market – people are in staying in a safe mode and saving.
Home Prices Up
home prices
Home prices up for third month in a row
The Standard & Poor’s case Shiller report for the 20 largest cities in the US showed that prices increased in 19 of the 20 cities track. the report showed that prices rose 3.6% for the April through June quarter when compared to the prior quarter. One should keep in mind that this price increase was not adjusted for seasonal trends. this is very important because after the prior 12 months of reported home price increases were adjusted for seasonal trends, they were all down. Read more
Home Prices Case-Shiller
Home prices… today the Case-Shiller home price index of 20 major metropolitan areas was released. The index, the the. From April through May when unadjusted for seasonal factors showed a very slim 1% increase on average.When viewing this data, one should keep in mind that the. From mid-March through the end of August is typically the strongest seasonal marketing time for real estate. Read more
S&P/Case-Shiller Home Price Index Falls
San Diego real estate agent
S&P/Case-Shiller Home Price Indices report was just released this morning. Unfortunately, it seems to indicate that home prices have still not hit bottom. Though, the decline in home prices seems to be slowing, which is a good sign. For April 2011, the Case-Shiller index registered a decline of 4% from March 2010. This April reading is the lowest reading since November 2010. Read more
Home Prices – Home Sales Drop
The National Association of Realtors (NAR) just reported that existing-home sales slipped in April, although the market has managed six gains in the past nine months.
The national median existing-home price for all housing types was 5.0% below April 2010 prices. Distressed homes accounted for 37% of sales in April, down from 40% in March; they were 33% in April 2010.
Single-family home sales slipped 0.5% to a seasonally adjusted annual rate of 4.42 million in April from 4.44 million in March, and are 12.6% below the 5.06 million pace in April 2010. The median existing single-family home price was 5.4% below a year ago. Read more