Category Archives: Existing Home Sales and Months Supply

Sales Volume Slips in February, Institutional Buyers Pull Back, Distressed Sales Fall

RealtyTrac® , released its February 2014 Residential & Foreclosure Sales Report on March 27th, showing that U.S. residential properties, including single family homes, condominiums and town homes, sold at an estimated annual pace of 5,083,241 in February, a 0.2 percent decrease from the previous month but still up 7 percent from a year ago  February […]

S&P Ratings U.S. Housing And Residential Mortgage Finance: 2014 Outlook

U.S. housing made a strong comeback in 2013. Home prices nationally have risen roughly 12%, which is in line with our original forecast early in the year of 11%. Overall, we expect a 6% increase in the S&P Case-Shiller 20-City Home Price Index (December to December % change) in 2014. While historical annual increases are […]

What Next from the Housing Recovery… S&P/Case-Shiller Report due Tuesday August 27th

Recent housing market reports tell conflicting stories and the next S&P/Case-Shiller release on prices will help sort out the mixed signals.  Existing home sales were 5.39 million at annual rates in July, up from June’s revised level of 5.06 for a solid gain. New homes sales told the opposite story with a 13.4% plunge to […]

In Residential Mortgage Backed Securities, When Is A Loss Not A Loss?

Ocwen Loan Servicing LLC (Ocwen), the largest servicer of subprime loans, recently revealed that in May 2013 it realized more than $1.4 billion of previously undisclosed losses on certain residential mortgage-backed securities (RMBS) primarily backed by subprime mortgage loans. These losses were from loans for which Ocwen had acquired the servicing from Homeward Residential Inc. […]

Home Prices Rise for the Sixth Straight Month According to the S&P/Case-Shiller Home Price Indices

Data through September 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 that home prices continued to rise in the third quarter of 2012.  To access click here:  S&P/Case-Shiller Home Price Indices – November 2012

Home Prices Increase Again in July 2012 According to the S&P/Case-Shiller Home Price Indices

Data through July 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed average home prices increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City Composite in July versus June 2012.  For the third consecutive month, all 20 cities […]

Sales volume still low

Housing statistics for June and July 2012 were largely positive, but we still have not seen a real pickup in sales volume for more than five years. The S&P/Case-Shiller sales pair counts, NAR’s existing home sales and the US Census housing starts remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs are updated the […]

Home Prices Rose in the Second Quarter of 2012 According to the S&P/Case-Shiller Home Price Indices

Data through June 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 that all three headline composites ended the second quarter of 2012 with positive annual growth rates for the first time since the summer of 2010. To access click here: S&P/Case-Shiller Home […]

U.S. Existing Home Sales Rose 2.3% to 4.47 Million Units In July

U.S. existing home sales rose 2.3% m/m to an annualized 4.47 million unit rate in July, which was weaker than the 4.5 million units expected by consensus, but closer to our forecast for 4.45 million units. Existing home sales were up 10.4% over July 2011. Single family sales rose 2.1% m/m to a 3.98 million unit […]

Home Prices Continue to Rise in May 2012 According to the S&P/Case-Shiller Home Price Indices

Data through May 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 that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Home Price Indices – July 2012

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