U.S. home prices fell in December 4% from a year earlier, ending 2011 at the lowest levels since the housing crisis began in mid-2006, according to Standard & Poor's Case-Shiller Home-Price Indexes released Tuesday.
Prices are down 33.8% from their peak in the second quarter of 2006.
"While we thought we saw some signs of stabilization in the middle of 2011, it appears that neither the economy nor consumer confidence was strong enough to move the market in a positive direction as the year ended," said David Blitzer, chairman of S&P's index committee.
In fact, in 19 cities out of the 20 major US cities, Prices Fell in December.
In these circumstances, if you need to sell your house, it'd be very hard to do so.
However, there is always a way to Sell Your House for CASH FAST. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
Wednesday, February 29, 2012
Thursday, February 23, 2012
Existing Home Sales in January were Below Economists Forecast
Sales of US Existing Homes increased 4.3% in January from December to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtor reported Wednesday.
Although the number in January exceeded the December figure, somewhat showing a sign of improvement, it is still below 4.63 million economists had expected.
In addition, NAR revised down its December home sales rate from a pace of 4.61 million units to 4.38 million units.
On top of that, Prices Continued to Fall. The median sales price dropped in January to $154,700. That's down 2 percent from the same month last year.
In this environment, even if you want to sell your property, it'd be very hard to do so. Especially, in places like Brooklyn, the Bronx, NY where a lot of foreclosure houses are flooding the market.
However, there is always a way to Sell Your House Fast for CASH. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
Although the number in January exceeded the December figure, somewhat showing a sign of improvement, it is still below 4.63 million economists had expected.
In addition, NAR revised down its December home sales rate from a pace of 4.61 million units to 4.38 million units.
On top of that, Prices Continued to Fall. The median sales price dropped in January to $154,700. That's down 2 percent from the same month last year.
In this environment, even if you want to sell your property, it'd be very hard to do so. Especially, in places like Brooklyn, the Bronx, NY where a lot of foreclosure houses are flooding the market.
However, there is always a way to Sell Your House Fast for CASH. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
Friday, February 17, 2012
US Foreclosure Activities Picked Up in January
Banks took back more US homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year.
All told, 210,941 U.S. homes received a default notice, were scheduled for auction or were arepossessed by a lender in January, RealtyTrac said.
That's up 3% from December last year. The foreclosure rate translates to one in every 624 U.S. households.
Some states posted sharp increases compared to January 2011. In New Hampshire, foreclosures jumped 62%. In Massachusetts, 75%. Economists are wondering if this trend would continue for some time.
In this environment, even if you want to sell your house, it'd be much harder.
However, there is always to Sell Your House Fast For Cash. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
All told, 210,941 U.S. homes received a default notice, were scheduled for auction or were arepossessed by a lender in January, RealtyTrac said.
That's up 3% from December last year. The foreclosure rate translates to one in every 624 U.S. households.
Some states posted sharp increases compared to January 2011. In New Hampshire, foreclosures jumped 62%. In Massachusetts, 75%. Economists are wondering if this trend would continue for some time.
In this environment, even if you want to sell your house, it'd be much harder.
However, there is always to Sell Your House Fast For Cash. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
Friday, February 10, 2012
Fed Chairman Still Concerned about US Housing Market going forward
Federal Reserve Chairman Ben Bernanke said that the bad US housing trend could continue for years, on Friday during a speech to the National Association of Home Builders in Orlando.
And Bernanke admits that the declines in home prices have forced many Americans to cut back sharply on spending. He says the broader economy won't fully recover until the depressed housing market turns around.
People are spending less because they are stuck in "underwater" homes, which are worth less than what is owed on the mortgage. And home values are falling because of foreclosures and tight credit — even in areas with lower unemployment.
In this environment, it is obviously hard to sell your house. Especially, in the Bronx or Brooklyn NY, where a lot of foreclosures are flooding into the market.
However, there is always a way to have your property sold for cash fast. For more detail, please visit our main website at WeBuyHousesBronx4Cash.com
And Bernanke admits that the declines in home prices have forced many Americans to cut back sharply on spending. He says the broader economy won't fully recover until the depressed housing market turns around.
People are spending less because they are stuck in "underwater" homes, which are worth less than what is owed on the mortgage. And home values are falling because of foreclosures and tight credit — even in areas with lower unemployment.
In this environment, it is obviously hard to sell your house. Especially, in the Bronx or Brooklyn NY, where a lot of foreclosures are flooding into the market.
However, there is always a way to have your property sold for cash fast. For more detail, please visit our main website at WeBuyHousesBronx4Cash.com
Monday, February 6, 2012
With a loan hard to get, US Home Sales are likely to worsen
Tightwad lenders are prolonging the housing bust and killing home sales, says the National Association of Realtors’ chief economist, Lawrence Yun.
He thinks it's too hard to get a loan these days. Before the housing boom, and the subprime mortgage debacle, the typical person getting a loan backed by Fannie Mae loan had a credit score of 720. Now it's 762.
Bankers say they're insisting that home buyers meet standards even higher than those set by Fannie and Freddie.
That shows up in the default figures. Of loans made in 2009, after the bust, 1.2 percent were in default after 18 months, Yun noted. On those made in 2007, 29 percent went bad.
Lending could get tougher later this year if federal agencies go ahead with proposals to require borrowers to place 20 percent down on a home to get the best mortgage rates, Yun noted
That suggests that US Home Sales are likely to worsen this year, too. In this depressed housing market, if you are selling your house, it’d be hard for you to have it sold.
However, there is always a way to Sell Your House Fast for CASH. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
He thinks it's too hard to get a loan these days. Before the housing boom, and the subprime mortgage debacle, the typical person getting a loan backed by Fannie Mae loan had a credit score of 720. Now it's 762.
Bankers say they're insisting that home buyers meet standards even higher than those set by Fannie and Freddie.
That shows up in the default figures. Of loans made in 2009, after the bust, 1.2 percent were in default after 18 months, Yun noted. On those made in 2007, 29 percent went bad.
Lending could get tougher later this year if federal agencies go ahead with proposals to require borrowers to place 20 percent down on a home to get the best mortgage rates, Yun noted
That suggests that US Home Sales are likely to worsen this year, too. In this depressed housing market, if you are selling your house, it’d be hard for you to have it sold.
However, there is always a way to Sell Your House Fast for CASH. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
Thursday, February 2, 2012
US Housing Prices Fell Again, the latest S&P Data Shows: No Signs of Recovery
The latest S&P/Case-Shiller index of Home Prices in 20 US cities declined 3.7 percent from November 2010 after decreasing 3.4 percent in the year ended in October, the group said today. That is worse than 3.3 percent drop that economists projected.
US Home prices are now back to early 2003 levels.
Here are comments from S&P researchers:
In these conditions of the Housing Market, it is very hard to have your house sold now.
However, there is always a way to Sell Your House for Cash Fast. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
US Home prices are now back to early 2003 levels.
Here are comments from S&P researchers:
The trend is down and there are few, if any, signs in the numbers that a turning point is close at hand.On top of that, Another Wave of Foreclosures threatens to keep the pressure on prices and delay recovery in the industry that precipitated the last recession, underscoring the Federal Reserve’s view that US housing “Remains Depressed.”
In these conditions of the Housing Market, it is very hard to have your house sold now.
However, there is always a way to Sell Your House for Cash Fast. For more info, please visit our main website at WeBuyHousesBronx4Cash.com
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