Home Affordability: Prices Are Still 40% Higher Than ‘Normal’
Feb 14, 2010 Object
Despite falling real estate prices, houses still cost almost twice as much as they did in 1975 when you adjust for inflation. Relative to average income, they’re 40% higher. By many measures, houses are still unaffordable, which helps explain the current 15% vacancy rate.
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Home Affordability: Prices Are Still 40% Higher Than ‘Normal’ originally appeared on DailyFinance on Sun, 14 Feb 2010 12:00:00.
Filed Under: Real Estate
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Home Affordability: Prices Are Still 40% Higher Than ‘Normal’
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U.S. Home Prices Rise for Sixth Straight Month
Jan 26, 2010 Object
The U.S. housing sector’s long, slow journey to health continues, as U.S. home prices in 20 cities rose for the sixth straight month, inching up 0.2% on a seasonally adjusted basis, according to the S&P/Case-Shiller U.S. National Home Price survey.
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U.S. Home Prices Rise for Sixth Straight Month originally appeared on DailyFinance on Tue, 26 Jan 2010 11:30:00.
Filed Under: Economy, Real Estate
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U.S. Home Prices Rise for Sixth Straight Month
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Housing prices improve in August, Case-Shiller says
Filed under: Economy
The U.S. housing sector’s long, slow journey to health continues, as home prices in 20 cities rose 1.2 percent in August from the month before, according to the S&P/Case-Shiller U.S. National Home Price survey. However, prices were still down year-over-year, declining at a 11.3 percent annual pace in August. This is the smallest decline since January 2008.
Economists surveyed by Bloomberg News had expected the Case-Shiller Home Price Index to fall at a 11.9 percent annual rate in August. The index fell 13.3 percent July, 15.4 percent in June, and 17.1 percent in May.
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Housing prices improve in August, Case-Shiller says originally appeared on DailyFinance on Tue, 27 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.
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Housing prices improve in August, Case-Shiller says
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Google Voice ups the ante: One number to ring all your phones
Oct 27, 2009 Object
Filed under: Technology, Google , Apple, AT&T
According to the Google (GOOG) Voice sign-up page, users now need just one phone number for the service. Previously, users were required to have both a number with a telephone carrier and a second one issued by Google. The search company says that it now offers “a single phone number that rings all your phones.” The company adds, “We’re excited to announce that you now can get Google Voice with a Google number OR with your existing mobile phone number.”
This could be a nightmare for traditional phone companies. The upgrade will allow users to bypass the voicemail features provided by current telephone service providers. It also makes it simple for Google Voice customers to make cheap international calls using the Google infrastructure. The product is not widely available now, but Google says that it will be soon.
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Google Voice ups the ante: One number to ring all your phones originally appeared on DailyFinance on Tue, 27 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.
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Google Voice ups the ante: One number to ring all your phones
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Stocks in the news: U.S. Steel, BP, Valero Energy, Palm
Filed under: Company News, Investing
U.S. Steel Corp. (X) continued to suffer from the global economic downturn and the soft demand for metals as it posted third straight quarter loss. But it said its production and shipments rose significantly from the previous quarter, and that it expects a narrower loss in the current quarter. The company topped estimates on both top and bottom lines.
BP PLC (BP) reported a 34 percent fall in third-quarter profit to $5.3 billion as oil and gas prices fell from record levels a year earlier. The results handily beat Street estimates. Shares jumped 4.7 percent ahead of the bell.
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Stocks in the news: U.S. Steel, BP, Valero Energy, Palm originally appeared on DailyFinance on Tue, 27 Oct 2009 09:00:00 EST. Please see our terms for use of feeds.
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Stocks in the news: U.S. Steel, BP, Valero Energy, Palm
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Home foreclosures move up-market as discounting pushes prices down
Oct 12, 2009 Object
Filed under: Economy, Investing
A greater number of foreclosures are hitting the high-end real estate markets in 2009 as price discounting continues to throw more and more properties underwater. It’s like a self-fulfilling prophecy: As some homeowners see their homes’ values drop below the balances due on their mortgages, they give up trying to save their homes.
Zillow’s chief economist, Stan Humphries, found that while high-end markets accounted for only 16 percent of foreclosures in 2006, by July 2009, 30 percent of foreclosures hit the top third of homes. “That means that top-tier homes make up almost twice the proportion of foreclosures as they did just three years ago,” Humphries wrote on his blog.
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Home foreclosures move up-market as discounting pushes prices down originally appeared on DailyFinance on Mon, 12 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.
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Home foreclosures move up-market as discounting pushes prices down
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Could the end be in sight? Housing guru Shiller senses home price rebound
Aug 27, 2009 Object
Filed under: Investing
Could the housing recession — the worst slump in the U.S. housing market since the Great Depression — be coming to an end?
If the analysis of one respected, independent housing market specialist is accurate, the dawn is approaching.
Yale’s Shiller turning positive
Yale University economist Robert Shiller, co-author of the now closely monitored S&P/Case-Shiller Home Price Index, and, to be sure, no friend of realtors, says the data suggests the housing market is on the mend.
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Could the end be in sight? Housing guru Shiller senses home price rebound originally appeared on DailyFinance on Thu, 27 Aug 2009 14:00:00 EST. Please see our terms for use of feeds.
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Could the end be in sight? Housing guru Shiller senses home price rebound
Tags: a-suggests-the, entry, home prices, housing, james-brown, one-respected, price-rebound, robert-shiller, since-the-great
U.S. home prices fell at slower pace in May
Filed under: Economy, Investing
The U.S. housing sector’s long, slow journey back to health continues. U.S. home prices in 20 cities declined at a 17.1 percent annual pace in May — a smaller decline than April’s 18.1 percent fall — according to the S&P/Case-Shiller U.S. National Home Price Survey.
Economists surveyed by Bloomberg News had expected the S&P/Case-Shiller Home Price Index to fall 17.9 percent in May.
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U.S. home prices fell at slower pace in May originally appeared on DailyFinance on Tue, 28 Jul 2009 11:00:00 EST. Please see our terms for use of feeds.
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U.S. home prices fell at slower pace in May
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