Wednesday 6 April 2011
Wednesday 9 February 2011
Real estate prices close out 2010 in tailspin
Zillow data: rise in cash buyers
BY INMAN NEWS, WEDNESDAY, FEBRUARY 9, 2011.
Inman News™
U.S. home prices fell 2.6 percent from the third quarter of 2010 to the fourth, the biggest drop in nearly two years, according to a report by property portal Zillow.
The Zillow Home Value Index, which is not seasonally adjusted, fell 5.9 percent on a year-over-year basis, to $175,200 -- 27 percent below a June 2006 peak.
The accelerated decline in home prices after the expiration of the federal homebuyer tax credits in mid-2010 forced a record percentage of those selling homes in December -- 34.1 percent -- to sell at a loss.
Zillow estimated that 27 percent of homeowners with mortgages were underwater, owing more than their house was worth, up from 23.2 percent in the previous quarter.
The good news is that the declines "mean we're getting closer to the bottom," said Zillow Chief Economist Stan Humphries in a statement.
"The housing recession is likely in its death throes, and we expect to see sales pick up in early 2011," Humphries said. "That will lead the way to home values stabilizing and an eventual bottom later this year, although it will take several months of increased sales activity before values begin to respond."
BY INMAN NEWS, WEDNESDAY, FEBRUARY 9, 2011.
Inman News™
U.S. home prices fell 2.6 percent from the third quarter of 2010 to the fourth, the biggest drop in nearly two years, according to a report by property portal Zillow.
The Zillow Home Value Index, which is not seasonally adjusted, fell 5.9 percent on a year-over-year basis, to $175,200 -- 27 percent below a June 2006 peak.
The accelerated decline in home prices after the expiration of the federal homebuyer tax credits in mid-2010 forced a record percentage of those selling homes in December -- 34.1 percent -- to sell at a loss.
Zillow estimated that 27 percent of homeowners with mortgages were underwater, owing more than their house was worth, up from 23.2 percent in the previous quarter.
The good news is that the declines "mean we're getting closer to the bottom," said Zillow Chief Economist Stan Humphries in a statement.
"The housing recession is likely in its death throes, and we expect to see sales pick up in early 2011," Humphries said. "That will lead the way to home values stabilizing and an eventual bottom later this year, although it will take several months of increased sales activity before values begin to respond."
Wednesday 28 October 2009
Monday 27 April 2009
HOW TO: Track Swine Flu Online
http://mashable.com/2009/04/25/track-swine-flu/ There are few things in this world that cannot be easily replaced, repaired, or regained. Our health and the health of the ones we love falls into this category. The best thing we can do to protect our health, above medication or rest, is prevention.
Saturday 25 April 2009
Today's National Averages (APR)as of 4/25/2009
| Product | Avg. | Lowest | Est. Month Payment for a $300,000 loan* |
|---|---|---|---|
| *principal & interest only | Source: Informa Research Services, Inc | ||
| 30-yr Fixed | 4.77% | 4.13% | $1,454.82 / month |
| 15-yr Fixed | 4.53% | 4.00% | $2,219.06 / month |
| 30-yr Fixed Jumbo | 6.27% | 4.88% | $1,588.54 / month |
| 15-yr Fixed Jumbo | 5.70% | 2.25% | $1,965.25 / month |
| 1 yr. ARM | 4.35% | 3.25% | $1,305.62 / month |
| 3/1 ARM | 4.76% | 3.63% | $1,369.00 / month |
| 5/1 ARM | 4.64% | 3.75% | $1,389.35 / month |
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