The latest US Housing Price index has fallen once again. The S&P Case-shiller Housing Price Index fell by 3.6% in September, compared to one year ago, S&P reported Tuesday.It has been going down 12 months in a row.
Considering the above, the US Housing Market is still in distress and the Prices haven't hit the bottom yet.
In this market, it is very hard to sell your house. But there is always a way to have your property sold very quickly for CASH. Here is information about how Brooklyn and Bronx Cash Investors can help you.
Wednesday, November 30, 2011
Thursday, November 24, 2011
Housing Prices will stagnate through next year, most economists say
CNBC, the most respected Business News Channel, reported today that U.S. home prices will stagnate through next year and only start recovering in 2013, citing a poll of economists done by Reuters.
In fact, the median sales price for existing homes was 4.7 percent lower in October than it was a year earlier, reported National Association of Realtors this Monday.
On top of that, 33% of Realtors say they've had at least one contract cancelled in October, up from 18% in September.
Considering these, most economists say home prices will keep falling, by at least 5%, through the rest of the year. Many forecasts don't anticipate a rebound in prices until at least 2013.
However, there is still a way to Sell Your House Fast for Cash. Click here for more info.
In fact, the median sales price for existing homes was 4.7 percent lower in October than it was a year earlier, reported National Association of Realtors this Monday.
On top of that, 33% of Realtors say they've had at least one contract cancelled in October, up from 18% in September.
Considering these, most economists say home prices will keep falling, by at least 5%, through the rest of the year. Many forecasts don't anticipate a rebound in prices until at least 2013.
However, there is still a way to Sell Your House Fast for Cash. Click here for more info.
Thursday, November 10, 2011
US Property Values are Still Goind Down with More Foreclosures
The median price on existing home sales fell in most of the 150 metropolitan areas in the third quarter this year(from July to September 2011), reported the NAR (National Association of Realtors) Wednesday.
Home prices on single-family homes declined in 111 of the 150 metro areas surveyed.
The national median existing single-family home price hit $169,500 in the third quarter, which fell by 4.7% from the same period in 2010.
In the meantime, Foreclosure activities picked up in October 2011.
There were 230,678 default notices, scheduled auctions or bank repossessions on U.S. properties in October, a 7.4% increase from September.
In addition, First-time default notices were filed for 77,733 U.S. properties in October, a 10% increase from September.
In this environment, it is very hard to have your property sold. However, there is always a way to sell it for ALL CASH. For more info, click here.
Home prices on single-family homes declined in 111 of the 150 metro areas surveyed.
The national median existing single-family home price hit $169,500 in the third quarter, which fell by 4.7% from the same period in 2010.
In the meantime, Foreclosure activities picked up in October 2011.
There were 230,678 default notices, scheduled auctions or bank repossessions on U.S. properties in October, a 7.4% increase from September.
In addition, First-time default notices were filed for 77,733 U.S. properties in October, a 10% increase from September.
In this environment, it is very hard to have your property sold. However, there is always a way to sell it for ALL CASH. For more info, click here.
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