Posts Tagged ‘unemployment’Housing Perspective: January New Home SalesBy RYAN TAYLOR New homes sales reached record lows in January as transactions fell 10.2% from a month ago to seasonally adjusted annual rate of 309,000. This annual rate is the lowest in the history of the reading which the government started in 1963. The median sales price for new homes also fell by 9.9% [...] Housing Perspective: Home Prices Fall … AgainBy RYAN TAYLOR The National Association of Realtors announced yesterday that the median home price in the US fell by 12% from a year earlier. Not surprisingly, the fall in prices was driven by the ever increasing number of foreclosure sales which accounted for 45 percent of all transactions. The pressure on prices is only [...] Housing Perspective: September Pending Home SalesBy AUSTIN NELSON The National Association of Realtors (NAR) posted its monthly Pending Home Sales Index for September today, showing a pullback in the gains seen in last month’s report. The index, touted as “a leading indicator of housing activity,” is based on signed housing contracts. These contracts are not counted as sales but are [...] Fannie and Freddie Have Been “Saved” — Now What?The former Goldman Sachs employees — err, the federal government — have decided to bail out Fannie and Freddie and the race to call another bottom in equities, not to mention housing, is on. Reality, however, is not a friend of these hopeful bulls. Let’s take a quick scan of the economic landscape and see [...] |