Monthly Archives: December 2012

Comparing City Results

One feature of a normal real estate market is that price performance varies from city to city as opposed to the boom and bust era when everything rose, and fell, together.  The table gives a comparison of the 20 S&P/Case-Shiller Home Price Indices showing peaks, troughs and recoveries.  Two of the cities with the biggest […]

CNBC Exclusive Interview with David Blitzer on U.S. Home Prices for October

David Blitzer, Managing Director and Chairman of the S&P Index Committee, discusses the latest data results for the S&P/Case-Shiller Home Price Indices on CNBC.

Sustained Recovery in Home Prices According to the S&P/Case-Shiller Home Price Indices

Data through October 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed home prices rose 4.3% in the 12 months ending in October in the 20-City Composite, out-distancing analysts’ forecasts. Anticipated seasonal weakness appeared as twelve of the 20 cities and both Composites posted […]

S&P/Case-Shiller Home Prices to be released Wednesday December 26th

The next S&P/Case-Shiller Home Price release will be Wednesday December 26th, not Tuesday due to the Christmas Holiday.  With six months of strong reports behind us, but the fall-winter seasonal slow down in front of us, where will home prices go? Other data — sales, starts and foreclosure trends, all point to sustainable gains in […]

U.S. Housing And Residential Mortgage Finance 2013 Outlook: The Nascent Recovery Is Likely To Continue

The U.S. housing market continues to show signs of recovery, outpacing the relatively weak U.S. economic recovery. Standard & Poor’s baseline forecast assumes that the U.S. economy will continue to grow slowly in 2013, avoiding any substantial negative economic impact from the looming fiscal cliff and growing federal deficit. The U.S. economy grew 3.1% in […]

Economic Reports Good for Housing

Three recent economic reports all point to continued gains in housing. Existing home sales in November were 5.04 million units, up 5.9% from October and 14.5% from November, 2011.  The upward trend continues.  However, 22% of the sales were short sales or foreclosure transactions, indicating that the recovery is far from complete. Housing permits and […]

Housing And Residential Mortgage Finance Is On The Path To Recovery

National Credit Default Rates Ticked Up in November 2012 According to the S&P/Experian Consumer Credit Default Indices

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through November 2012. S&P/Experian Consumer Credit Default Indices Press Release – December 2012

Foreclosure Activity Slips in November

RealtyTrac® released its U.S. Foreclosure Market Report™ for November 2012 this week. The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,817 U.S. properties in November, a decrease of 3 percent from October and down 19 percent from November 2011 — marking the 26th consecutive month with an annual […]

Home Building Boosts Construction Employment

Now that the housing sector is (finally) contributing to the economy, a natural question is whether employment will be boosted by increased home construction. The chart tells the story.  It  shows the number of workers in residential construction and the number of single family and toal number of homes under construction.  The total number of homes under […]

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