Monthly Archives: August 2011

Australian RMBS Arrears Remain Low Amid Sound Housing Market And Economic Outlook

While the losses on various RMBS vintages continue to rise, they still remain low in absolute levels, as shown in the latest issue of the Australian RMBS Performance Watch. Loans that are in arrears by more-than-30 days were 1.80% in May 2011, as measured by the Standard & Poor’s Australian prime mortgage performance index (SPIN). […]

Comparing the Cities in the Latest S&P/Case-Shiller Data

In the June data released on August 30th no new lows were set by any city, a welcome change from the last few months when one or more cities established new weak points each time.  There is more  going on than just a brief respite from new lows — eight cities set lows in 2009 […]

Nationally, Home Prices Went Up in the Second Quarter of 2011 According to the S&P/Case-Shiller Home Price Indices

Data through June 2011, released today by S&P Indices for its S&P/Case-Shiller  Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index increased by 3.6% in the second quarter of 2011, after having fallen 4.1% in the first quarter of 2011. To access click:  S&P/Case-Shiller Home Price Indices […]

Australia’s Property Sector Diversification Of Funding & Trends In Property Financing

The FTA in conjunction with Standard & Poor’s are holding a series of forums to present the latest information and trends on Australia’s property sector and diversification of funding and trends in property financing. Topics to be covered include: Outlook for the property sector Debt refinancing challenges for REITs What property sub-sectors may experience increased […]

Health and Houses: Foreclosures Can Make You Sick

It goes without saying that foreclosures aren’t good for home owners getting that notice from the bank.  While there are a large and ever-growing number of studies about the financial impacts of the housing bust on everyone from home owners to bankers to construction workers until recently there hasn’t been a lot of serious research […]

S&P/Case-Shiller® Home Price Index Data To Be Released August 30th at 9:00 a.m. EST

S&P Indices will announce the June results for the S&P/Case-Shiller® Home Price Indices, the leading measure of U.S. home prices in the United States, at 9:00 a.m. EST, Tuesday, August 30th. The residential pricing data for the 20 U.S. metropolitan areas, the two composite indices, and the national home price index will be available on […]

Comparing Countries: House Prices in US, UK, France and Spain

Some five years after house prices peaked in the U.S., debates over the cause of the boom and bust continue.   Some of the leading theories — Fed policy or sub-prime mortgages to name two of the most common — are U.S. centric with little to say about other countries.  However, one part of the puzzle […]

FHFA Home Price Index rose 0.9% in June

The FHFA home price index rose 0.9% in June on a seasonally adjusted purchase-only basis, and up for the third straight month. On a quarter-over-quarter basis, the index is down 0.6%. The New England and West South Central areas posting the strongest price 2Q gains while the Mountain region saw the weakest prices. The index […]

Seasonal weakness seen in some condo markets in May

Since we are in a seasonally strong period for home prices, it was a bit of a surprise to see condo prices fall in three of the five condo markets we cover with the S&P/Case-Shiller Condo Prices Indices. Data through May 2011 showed declines in condo prices in Los Angeles (-0.1%), New York (-0.8%) and […]

Further improvement in mortgage default rates in July

On August 16th, S&P Indices and Experian released July data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults.  The indices showed first and second mortgages default rates decreased in July to 1.93% and 1.25%, respectively, from June rates of 2.02% and 1.40%. The first mortgage index shows default rates […]

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