Author Archives: David Blitzer

Foreclosure Activity Up as Bank Repossesions Jump

— RealtyTrac® (www.realtytrac.com), reported on June 13th that  foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 148,054 U.S. properties in May, an increase of 2 percent from the 75-month low in April but still down 28 percent from May 2012. The report also shows one in every 885 U.S. housing units with […]

Up or Down

Despite continued gains in home prices doubts are heard about the housing recovery.  As the Wall Street Journal noted on Monday both the bulls and the bears cite the same evidence in support of their arguments.  One disconnect is that different cities show different results.  The northeast is seeing modest gains in prices combined with […]

Cities Performance and Institutional Buying

The rebound from the lows for four of the 20 citites in  the S&P/Case-Shiller Home Price Indices standout — Phoenix, Las Vegas, Detroit and San Francisco. (see the right hand column in the table). All have bounced back by 25% or more.  While the price gains are certainly welcome news for home owners (and a […]

What Next from Housing

Housing is boosting the economy, but will it last?  Recent data point to stronger activity in housing and residential constructions with prices, sales of new and existing homes and housing starts heading higher in recent months.  However, household formation, home ownership and employment gains are still mixed.  Can the combination of the Fed’ quantitative easing […]

Stocks and Houses

Twelve years ago when the boom in tech stocks ended, housing was considered a safe investment to escape to.  Six years ago the financial crisis took down both stocks and housing.  Clearly neither is without risk, but maybe the past can offer some hint as to which might be better.   Looking at the period […]

Gold in the House

Through the last decade or two of gyrating stock markets and financial crisis two investments have been heralded as booms, busts and the only place to safely stash your assets: gold and your house.  With gold prices appearing to take a hint from the past behavior of home prices, it might be interesting to compare […]

Homes vs. Condos

S&P/Case-Shiller Home Prices Indices cover condominiums in five markets as well as single family homes in 20 cities.  The table compares the boom-bust and recovery results for homes and condominiums in the five cities — Los Angeles, San Francisco, Chicago, Boston and New York.   The overall performance is similar between homes and condos but there […]

Rise and Fall

Did huge price gains in the housing boom make for a deeper dive in the collapse?  Now that we can confidently say we’re past the bottom and the housing bust is behind us, we can answer this question with the data.  The chart shows the peak index value on the horizontal axis and the percentage […]

Behind the Numbers in the S&P/Case-Shiller Release

The February S&P/Case-Shiller Release, out this morning, shows a strong performance by housing across all 20 metropolitan areas.  The composite of 20 cities rose 9.3% in the last year, the best gain since May 2006 and seasonally adjusted all 20 cities rose month to month for two consecutive months; the last time that happened was […]

Next Move for Housing…

The wide-spread belief the housing recovery enjoyed only a few weeks ago is being tested by recent economic news.  First quarter GDP at 2.5% growth was lower than consensus forecasts for about 3% while most other recent releases were weaker than expected.   Closer to housing, Gillian Tett writes in the Financial Times that the key […]

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