Posts Tagged ‘prices’Keepin’ It Real Estate: Housing Recovery? What Housing Recovery?By ANDREW JEFFERY This post first appeared on Minyanville. This week, 2 data points led optimistic market-watchers to declare the bottom in the housing is nigh: Indeed, one widely read trader-writer proclaimed, “The oversupply of housing that so plagues the market at present will be a figment of our memory a few months hence.” The [...] Housing Perspective: November Case-Shiller Home Price IndexBy ANDREW JEFFERY In contrast to the silver lining of higher-than-expected home sales tallied in yesterday’s release of Existing Home Sales, this morning’s Case-Shiller November Home Price Index registered the worst year-over-year performance on record. Property values in November 2008 tumbled 18.2% from the prior year and 2.2% from the previous month. As measured by [...] Housing Perspective: November Pending Home SalesBy ANDREW JEFFERY It should come as no surprise that with headlines screaming financial Armageddon and the stock market making new lows seemingly every day, last November wasn’t exactly a great month for the housing market. This morning, the National Association of Realtors, or NAR, released its Pending Home Sales Index, which measures signed contracts [...] |