Decline in home prices continued for the first half of 2008 as S&P reported data through June 2008 for its S&P Case-Shiller 1 Home Price Index, a measure of U.S. housing market. Home price declines have prevailed throughout 2007 and the trend continues in 2008.
The decline in the index remained in double digits. With a [...]
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Broad declines in home prices continue
Bush signs $300 billion Housing and Economic Recovery Act
President Bush has signed the Housing and Economic Recovery Act after the US House of Representatives had passed the plan on 07/23. It provides aid to homeowners facing foreclosure and protects the country’s two largest mortgage finance companies from collapse.
Fannie Mae and Freddie Mac guarantee almost half the country’s $12 trillion in home [...]
Home price declines continue for 23 straight months:S&P
S&Ptoday released May numbers for the Case-Shiller Home Price Index, a measure of U.S. home prices. According to the latest numbers, May 2008 was worse that previous numbers for April indicating a continued downward trend in the real-estate market.
All the 20 Metros’ in the index posted annual declines, nine of which are posting record lows [...]
Pending home sales decline, gains forecast for 2nd half stays put
A modest near-term movement is expected in existing-home sales, with an expected during the second half of the year, according to the latest forecast by the National Association of Realtors®.
The Pending Home Sales Index (PHSI),a forward-looking indicator based on contracts signed in May, fell 4.7 percent to 84.7 and remains 14.0 percent below May 2007 [...]
Pending home sales rise, housing expected to do better 2nd half of 2008
It seems like the housing market is finally seeing some signs of a recovery and this may be early indications that the housing downturn is bottoming out.
The National Association of Realtors (NAR) reported Pending Home Sales Index (PHSI) numbers for the month of June. Based on prospective homeowners signing contracts in April, the index rose [...]
Home price declines continue says S&P for Q1 2008
According to the S&P Case-Schiller home price index, home prices continued their decline from 2007 into Q1 2008. The index is published monthly with a two month lag and on the last Tuesday of every month.
The decline in the Index – which covers all nine U.S. census divisions – reached well into double digits, recording [...]
S&P reports steep decline in home prices for February
Data released by S&P for February saw a significant decline in home prices for 17 out of the 20 MSA’s ( Metro politan Statistical Areas ) which are in it’s S&P/Case-Shiller Home Price Index, a leading indicator of the U.S. housing market. Both the 10 city and 20 city index have shown declines in [...]
April 29th, 2008 | rp | Comments | Continued
