Home Prices Advance in Third Quarter
Home Prices Moving Up
Today, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that the U.S. National Home Price Index rose 3.2% in the third quarter of 2013 and 11.2% over the last four quarters. Read more
Housing Prices Set To Dip Again In 2010
Home prices appear to have stopped falling, but are we out of the housing woods yet? Robert Shiller, a founder of the S&P Case-Shiller home-price indexes.
San Diego Housing – Darkest Before the Dawn
It's always the darkest before the dawn. The market still needs to adjust…..housing values need to continue to come down from their unsustainable peaks, leverage in the markets need to be reduced to manageable levels and America need to come to grips with their fiscal situation. Some adjustments are still happening and some are almost done. Some still need to be addressed. One in Five Homeowners has Negative Equity
Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens.
About 7.63 million properties, or 18 percent, had negative equity in September, and another 2.1 million will follow if home prices fall another 5 percent, according to a report by First American CoreLogic. The data, covering 43 states and Washington, D.C., includes borrowers nationwide, even those who took out mortgages before housing prices began to soar early this decade.
Seven hard-hit states — Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio — had 64 percent of all "underwater" borrowers, but just 41 percent of U.S. mortgages.
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