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Phoenix Real Estate News and Information: 12/01/2011 - 01/01/2012

http://centralphoenix.blogspot.com/2011_12_01_archive.html

Tuesday, December 13, 2011. Realtors: We Overcounted Home Sales for Five Years - US Business News. Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. The National Association of Realtors said a benchmarking exercise had revealed that some properties were listed more than once, and in some instances, new home sales were also captured. Visit the Home Zone.

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Phoenix Real Estate News and Information: Realtors: We Overcounted Home Sales for Five Years - US Business News

http://centralphoenix.blogspot.com/2011/12/realtors-we-overcounted-home-sales-for.html

Tuesday, December 13, 2011. Realtors: We Overcounted Home Sales for Five Years - US Business News. Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. The National Association of Realtors said a benchmarking exercise had revealed that some properties were listed more than once, and in some instances, new home sales were also captured. Visit the Home Zone.

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Phoenix Real Estate News and Information: Daily Real Estate News

http://centralphoenix.blogspot.com/2011/06/daily-real-estate-news.html

Friday, June 10, 2011. Daily Real Estate News. Report: Real estate market won't hit bottom this year. Nearly half of all sales are distressed. Home values fell 8 percent year-over-year in April, according to a report. From property search and valuation site Zillow. Zillow's Home Value Index is now down 29.5 percent, to a median $169,588, from its peak of $240,656 in June 2006. That's equivalent to the index's level in May 2003, the report said. Depreciation was sharpest in the least expensive one-third o...

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Phoenix Real Estate News and Information: 05/01/2011 - 06/01/2011

http://centralphoenix.blogspot.com/2011_05_01_archive.html

Tuesday, May 31, 2011. March home prices suffer double-dip setback - Yahoo! NEW YORK (Reuters) – U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2 percent in March from February on a seasonally adjusted basis, in line with economists' expectations. Eight cities fell 1 percent or more in Ma...

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Phoenix Real Estate News and Information: 02/01/2010 - 03/01/2010

http://centralphoenix.blogspot.com/2010_02_01_archive.html

Wednesday, February 24, 2010. New home sales hit record low in January - Yahoo! New home sales plummet 11.2 percent in January to annual rate of 309,000, lowest on record. The extra distressed property inventory will continue to be an issue for new homes sales for well into the future. The AP story is here. Labels: New Home Sales. Friday, February 12, 2010. Current Stats for 85018 - 02/12/2010. Current Stats for 85018. Months of inventory for Not Distressed properties = 21.4. Wednesday, February 10, 2010.

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Phoenix Real Estate News and Information: Americans brace for next foreclosure wave | Reuters

http://centralphoenix.blogspot.com/2012/04/americans-brace-for-next-foreclosure.html

Thursday, April 05, 2012. Americans brace for next foreclosure wave Reuters. Reuters) - Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low. Last year was an anomaly, and not in a good way," he said.

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Phoenix Real Estate News and Information: 04/01/2011 - 05/01/2011

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Tuesday, April 26, 2011. Home prices fall for 8th month in February: S&P/Case - Yahoo! NEW YORK (Reuters) – U.S. single-family home prices fell for an eighth straight month in February, inching closer to an April 2009 trough, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2 percent in February from January on a seasonally adjusted basis, slightly better than economists' median forecast for a drop of 0.3 percent. Financial markets were un...

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Phoenix Real Estate News and Information: JPMorgan expects home prices to dip « HousingWire

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Saturday, June 11, 2011. JPMorgan expects home prices to dip « HousingWire. Friday, June 10th, 2011, 7:54 am. 4105 0.17%) predicted a further dip in home prices this past month, forecasting another 4% to 5% drop in home values between now and mid-2012. In its June 2011 Home Price Monitor Report, the bank lowered its base home price forecast to a level that's 37% under peak price levels. The good news is CoreLogic. Labels: Existing Home Sales. Subscribe to: Post Comments (Atom). Daily Real Estate News.