Today’s announcement from Nationwide of their House Price Index for November showed a real fall of only 0.3% on the month, although the doctored (or seasonally adjusted to use the technical term) fall headlined by Nationwide was marginally higher at 0.4%.
The annual change fell to 13.9% from 14.6% last month and I expect last month’s figure will prove to be the peak year-on-year fall. This is
Outlook on NYC Local Economy: Not Good by NY Observer - snip:..."the next two or three years will be rough going. The financial services industry will never again look as it did in 2007. We will not see the return of the large, highly leveraged investment banking businesses that generated outsized profits and bonuses. The numbers of people employed in securities will be permanently down, probably
HDB’s Resale Price Index (RPI) rose by 4.2% in 3rd Quarter 2008 over the previous quarter, slightly lower than the 4.5% increase seen in 2nd Quarter 2008. Resale transactions increased by about 4%, from about 7,760 cases in Quarter 2 2008 to about 8,110 cases in Quarter 3 2008.The median Cash-Over-Valuation (COV) amount of all resale transactions in 3rd Quarter 2008 was $19,000. This is a slight
Hi there, as an enlightened wealth institute student, I was taught to watch the HPI - Housing Price Index for spotting trends in real estate investing and determing what markets may be the best ones to go after across America! It certainly brought me to start investing in the las Vegas Foreclosure market!
Here are some [...]
First American CoreLogic a member of The First American Corporation family of companies, today announced the release of its March 2008 LoanPerformance Home Price Index (HPI).
The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,523 ZIP codes, 957 Core Based Statistical Areas (CBSA) and [...]
Today, the Office of Federal Housing Enterprise Oversight (OFHEO) published their Home Price Index (HPI) data for Q1 2008 showing unprecedentedly widespread weakness with 47 states including Washington DC experiencing peak home price declines with 32 declining better than 2% and 8 declining more that 7%.Topping the list of peak decliners by state is California at -23.22%, Nevada at -19.93%, Michig
After 14 years of rising prices, the housing market is unwinding, taking victims from Main Street to Wall Street. Homeowners are losing their houses to foreclosures at an increasingly rapid rate as interest rates on home loans adjust higher and declining values eat into equity.Read the whole article here hereDon't let this happen to you! If you are currently in foreclosure or behind on your payments please contact me at 949-267-1654 and I can discuss options with you to save your home.
Today, the Office of Federal Housing Enterprise Oversight (OFHEO) published their Home Price Index (HPI) data for Q4 2007 showing unprecedentedly widespread weakness with 49 states and Washington DC experiencing peak home price declines with 20 declining better than 2% and 8 declining more that 6%.Topping the list of peak decliners by state is California at -14.72%, Michigan at-13.48%, Nevada at -11.50%, Florida at -8.51%, Washington DC at -8.07, Arizona at -7.11%, Massachusetts as -6.34% and Rhode Island at -6.02%.Topping the list of year-over-year decliners by state is California at -11.49%, Nevada at -9.35%, Michigan at -8.82%, Florida at -8.51%, and Arizona at -6.52%.The OFHEO HPI series is formulated from home purchase and refinance information collected from Fannie Mae and Freddie Ma
Yesterday, the Office of Federal Housing Enterprise Oversight (OFHEO) published their Home Price Index (HPI) data for Q3 2007 showing continued deceleration of home price appreciation in most regions as well as a broadening of outright declines now including 23 states declining from their respective peaks and 11 states declining on a year-over-year basis.Topping the list of peak decliners by state is Michigan at -9.22%, California at -8.52%, Nevada at -6.43%, Rhode Island at -5.45%, Massachusetts at -5.14%, Florida at -4.81% and New Hampshire at -2.22%.Topping the list of year-over-year decliners by state is California at -7.24%, Michigan at -7.07%, Nevada at -6.43%, Florida at -4.56%, Rhode Island at -3.16% and Massachusetts at -3.01%.The OFHEO HPI series is formulated from home purchase and refinance information collected from Fannie Mae and Freddie Mac and as such suffers slightly from some basic limitations of the data.First, Fannie and Freddie mortgages are subject to conforming l
A new site for you to take a look at is www.rrpi.co.uk the site has information, links and resources for people who are interested in the rental property market. The main focus of the site is for the rental price data, there is rental price information for a number of towns throughout the UK, It looks as well that the site will be increasing the number of towns with information over time.This site will be useful for anybody who is interested in buy-to-let and would like to have property price comparsions or area prices. Im sure that over time there will be an expansion on the data manipulation which should include comparisions between towns/areas, hot graphs, extended reporting and more.Take a look around the site today http://www.rrpi.co.uk/
Last Friday, the Office of Federal Housing Enterprise Oversight (OFHEO) published their Home Price Index (HPI) data for Q1 2007 showing continued deceleration of home price appreciation in most regions as well as outright declines in many states and metropolitan areas.The current installment shows declines to the East North Central and New England census regions as well as to 25 states (using “purchase only” data) including Michigan, Massachusetts, Californian, and Florida and a whole host of Metropolitan Statistical Areas (MSA).I have updated my OFHEO HPI Charting Tool by both updating the data as well as adding some additional features that make the tool more powerful but first, I should mention some background on the OFHEO HPI.The OFHEO HPI series is formulated from home purchase and refinance information collected from Fannie Mae and Freddie Mac and as such suffers slightly from some basic limitations of the data.First, Fannie and Freddie mortgages are subject to conforming loa
The Office of Federal Housing Enterprise Oversight (OFHEO) released the Q4 2006 results of their housing price index (HPI) last Thursday showing a bit of a strengthening trend in the index.Recall that the Q3 2006 results showed that Massachusetts, Michigan, New Hampshire, New York and Rhode Island were all experiencing an actual contraction to home prices.In Q4 on the other hand, all the contracting states are now expanding again and for all but Massachusetts and Michigan, have surpassed their prior peak prices.Click the following char for a larger version.As Patrick Lawler, Chief Economist of OFHEO puts it:“The continuing strength in the economy and decreasing interest rates for borrowers prevented a harder landing in housing markets during the second half of last year… Last quarter, though sharper drops occurred locally, no state had average price declines of as much as one percent,”One interesting aspect of the OFHEO data that the release didn’t highlight very well was the f
Are you moving to a new area? Do you know what the prices of property to rent in the area are? If not, then you may be looking to find a rental price index that can provide a guideline to rental property prices.What Factors may Influence the Rental MarketLike any property market the rental market prices will fluctuate depending on a number of different factors. These influences can depend on supply and demand factors, are there more properties than demand, this can have a major impact on prices. If there is more available property than the demand for rental houses then it is inevitable that the better quality property will be in demand, plus this can have a factor on the price of these properties. Also if there is less property than demand then this can force the rental prices up for the available property. Other factors can depend on interest rates and mortgage prices as to whether landlords keep their rental property or sell the property in order to cash in on higher house prices.Mov
