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Social Median packed with liberals, need help
2008-09-14 05:52:00 This site, although some good ideas, is packed with liberals so sign up and help me show them the other side of the story clipped from www.socialmedian.com Hot discussions on socialmedian Huffington Post :She said "nucular." Twice. I realized three things tonight. For one, if you are a McCain/Palin/Bush voter, you and I do not have a difference of opinion. We have a difference in brain power. Two, she really is as ignorant as I feared. And, three, she really is kinda hot. Basically, I want to have sex with her on my B (Read More) 8 Clips Jasongoldberg , 8 hours ago : Brilliant political move. Dems were stupid to dismiss this one. You , 6 minutes ago : She will be your Vice President, I know it's tough to get used to but we'll have a woman VP. As for the interview, she was decent but similar to Barack she works a crowd the best
By: Synergy Thoughts
Weekly Median Asking Price
2008-06-10 08:35:00 The median asking price according to HousingTracker.net continues to fall for the Riverside-San Bernardino area, but at a slower pace this week. The cities tracked include the cities of Corona, Fontana, Rancho Cucamonga, Ontario, and others. The weekly median asking price fell -0.4% to $279,000. This week, the weekly inventory also increase dropped +0.7% to a total of 47,297 units. Trend 06/09/2008 1 month 3 month 6 month 12 month Median Price $279,000 -4.6% -12.8% -21.6% -30.9% Inventory 47,297 -0.2% -3...
Phoenix: April Home Sales Up But Median Down 21%
2008-05-14 18:31:00 Yesterday Jay Butler released his monthly home sales report for the Phoenix area: MESA, Ariz. — For the first time since July 2005, the local resale housing market has posted year-over-year improvement. April had 5,585 recorded sales in contrast to 4,855 sales for a year ago and 4,335 sales in March 2008. Given the ...
By: HousingDoom
Phoenix Real Estate Sales *UP* YOY in April. Median Values Down.
2008-05-14 00:20:00 I suspect two things are about to happen: 1) You’ll see a post about this on virtually every Phoenix real estate blog and an article in every local newspaper. (Probably already happening, I haven’t read anything today) 2) The mainstream media (MSM) will minimize if not ignore the good and highlight the bad. (I know, what a shocking prediction.) The What: ...SHARETHIS.addEntry({ title: "Phoenix Real Estate Sales *UP* YOY in April. Median Values Down.", url: "http://www.phoenixrealestategu-y.com/phoenix-real-estate-sales--up-yoy-in-april-median-values--down/972" });
Las Vegas Median Price At Lowest Level In Four Years
2008-05-08 09:02:00 According to data released by the Greater Las Vegas Association of Realtors, the median price of single family homes in Las Vegas fell 22.7% in April, from $305,000 in April 2007 to $235,875 in April 2008. Prices haven’t been this low since February 2004, when the median price was $220,000.
By: HousingDoom
Volume Down. Median Down.
2008-05-03 15:00:00 If you refer back to last week’s Inventory post, I had listed the number of home sales for 1st quarter of 2008: Date Sold Median Price Change YOY January 32 $687,500 4.17% February 32 $815,000 -20.61% March 35 $725,500 -13.16% That’s a total of 99 homes sold in Arcadia over the last 3 months. How does this compare to previous quarters when ...
Real Estate Olympics: Cliff Diving Prices in California. Median Price Dow
2008-04-28 23:37:00 The California Association or Realtors on Friday came out with another press release showing how dismal the market has gotten. Sales have fallen 24.5 percent from a year ago but the more shocking development is the price of a median home in the state is now off by 29 percent. This is shocking ...Related Posts:?Foreclosures? Housing Bubble? In Southern California? Impossible!?Sales Drop Their Pants in Southern California. In More News, Median Prices Still Strong Like Arnold Schwarzenegger.?The End of the Tribe of Housing: Breaking Down the National Housing Neurosis.?Real Homes of Genius: Today we Salute you Huntington Park. Sold 3 Times in 4 Years.?Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California?s Gold!
New Home Sales Drop 8.5% and Median Sale Price Drop 13.3%
2008-04-25 14:11:00 Sales of new homes plunged last month to the lowest level in 16 and a half years. No Tags
Median home prices dropped 14.7% in the West in just one year
2008-04-22 16:07:00 More horrible news from the National Association of Realtors: Existing-Home Sales Slip in March Existing-home sales edged down in March, remaining within a narrow range of sales activity that has persisted since last September, according to the National Association of Realtors®. Existing-home sales ? including single-family, townhomes, condominiums and co-ops ? were down 2.0 percent to a seasonally ...
By: National Bubble
Phoenix Median Home Price Down A ?Stable? 17% In March
2008-04-14 09:01:00 Dr. Jay Butler of ASU Realty Studies has released his home sales report for March, and we’ll start with my favorite quote: The median home price remained stable at $220,000, in contrast to last year’s $265,470. It’s true that month-to-month, the median was unchanged, but it’s also a 17% YOY drop. In most circles that brings ...
By: HousingDoom
Las Vegas: Median Price Down 20.3% In March
2008-04-11 09:01:00 There are two big trends in the Las Vegas housing market this month. One is that while sales are declining, they are not declining as quickly has they have been. The same cannot be said for prices, however. Prices continue to decline in the double digits. The Greater Las Vegas Association of Realtors released their report ...
By: HousingDoom
Median Incomes Way Behind Bubble Pricing
2008-04-10 01:53:00 For Many, a Boom That Wasn?t by NYT - snip:...The bigger problem is that the now-finished boom was, for most Americans, nothing of the sort. In 2000, at the end of the previous economic expansion, the median American family made about $61,000, according to the Census Bureau?s inflation-adjusted numbers. In 2007, in what looks to have been the final year of the most recent expansion, the median family, amazingly, seems to have made less ? about $60,500. This has never happened before, at least not for as long as the government has been keeping records. In every other expansion since World War II, the buying power of most American families grew while the economy did...The Cost of Maintaining Ownership in the Current Crisis: Comparisons in 20 Cities by CEPR - snip:This paper compares ownership and rental costs in twenty major metropolitan areas. It shows that in many areas, ownership and rental costs are more or less in balance.... However, the paper also shows that in many cities h...
Jackson County Median Home Price Off 13%
2008-04-08 23:14:00 From the MailTribune in Southern Oregon:Jackson County's residential housing slump continued to reflect the national numbers during the first quarter of 2008.Sales prices for the area's existing single-family residences tumbled 9.6 percent to $235,000 during the first three months of the year. The March median sales price for existing single-family residences declined 12.9 percent to $235,000, from $270,000 a year earlier.California's residential real estate woes continues to ripple into the Southern Oregon market, said Doug Morse, an agent with Coldwell Banker Pro West Real Estate in Medford. "Forty-three percent of our buyers are from California and they're not coming up because they haven't been able to sell their houses."He has heard from clients of some movement in the Bay Area market recently."Maybe that will trickle up here," he said. Ashland saw a 20.6 percent drop in its median sales price to $341,250 during the first three months of the year. Just 38 homes were sold, ...
O.C. median home price back at $500,000
2008-04-04 15:31:00 DataQuick’s latest report on O.C. home sales puts the median selling price back down at $500,000 for the 22 business days ended March 20. The median crashed up through the half-million mark during local housing’s long upswing in April 2004. This latest median is 22.5% below June ’07’s high of $645,000. Key market slices are also well below their all-time highs, the new report shows: • Single-family homes’ median is 21.3% below the April ‘07 high of $720,000 • Condos stand 21.2% below the March ‘06 peak of $470,000 • Builders are getting a median price for new homes 39.2% below the February ‘05 high of $864,000 Prices fell in 66 of 83 ZIP codes, the same as a week earlier. Full ZIP-by-ZIP results are HERE! Homebuying activity remains sluggish, down almost 40% from a year ago. But, if the current sales pace holds for the full month, March has been the busiest month since August — the start of the credit crunch that made...
Is the median price a true measure of home values?
2008-04-03 21:01:00 In a recent blog post, Zillow.com’s numbers guy, Stan Humphries, analyzed Orange County home sales by quarter for the past two years to see how well changes in the median sales price corresponds to changes in home values. Humphries’ conclusion: not well at all. After dividing O.C. home sales into four groups, or “quartiles,” from lowest price to highest, Humphries concludes that median prices are influenced by the proportion of sales in each price category, rather than changes in home values: “If homes that sold were a representative sample of all homes in Orange County, we’d expect to see that the [number of homes sold] for each quartile in a given quarter was the same (exactly 25%). If this were what we found, then taking the median sale price from among those homes would be a good measure of the median value of all homes …, and changes in the median across quarters would correspond to changes in home values alone (and not correspond to chang...
Median home prices in California are down 26.2% in just one year
2008-03-24 23:17:00 The California Association of Realtors reported today: LOS ANGELES (March 24) ? Home sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. “Although sales rose for the fourth straight month in ...
By: National Bubble
Median existing home prices down 8.2% from last year
2008-03-24 15:11:00 Existing home sales down 1.1% in the West but up in the rest of the country. According to the National Association of Realtors: The national median existing-home price (2) for all housing types was $195,900 in February, down 8.2 percent from a year earlier when the median was $213,500. Total housing inventory fell 3.0 percent at the end ...
Median existing home prices down 8.2% from last year
2008-03-24 15:11:00 Existing home sales down 1.1% in the West but up in the rest of the country. According to the National Association of Realtors: The national median existing-home price (2) for all housing types was $195,900 in February, down 8.2 percent from a year earlier when the median was $213,500. Total housing inventory fell 3.0 percent at the end ...
By: National Bubble
FLASH: SOUTHERN CALIFORNIA MEDIAN HOME PRICES DOWN 19% FROM LAST SUMMER
2008-03-13 21:39:00 Ouch.Suzannnnnneeeee!!!!! (enjoy the new remix!)Home Prices Plunge Across CaliforniaThe median price in a six-county area of Southern California fell to $408,000 -- the lowest level since October 2004, when it was $402,500. That median is 19.2 percent below the region's peak price of $505,000 last summer, and it's 1.7 percent below January's median, the firm said.In the nine counties of the San Francisco Bay Area, the median price fell 11.6 percent to $548,000 compared to a year earlier and 17.6 percent from the region's peak median price of $665,000 last summer. Bay Area prices were essentially flat from January.
By: Housing PANIC
Phoenix February Median Home Price Down 15% Year Over Year
2008-03-13 08:01:00 Jay Butler of ASU Realty Studies has released his February housing report for Phoenix for the first time since the housing market began its decline in Phoenix, the median price declined at a greater rate than sales. Sales were down 11%: MESA, Ariz. — February is a short month, and it is traditionally not a ...
By: HousingDoom
Median Inventory Plano vs Dallas - Current Results
2008-03-05 21:34:00 Inventory of Plano Homes Take a look at the inventory situation from last Sept. Levels have fallen to under 1500 units in Plano. Dallas hovers right around 5250 units. Despite market conditions inventories are lower than normal. Watch for inventories to pick up after taxes are due. [where: 75093]
By: Plano Blog
US Median REO Prices vs Median List Prices
2008-02-29 00:13:00 Here is a map showing median prices of REOs (foreclosed/bank owned properties) versus median list prices throughout the US (click to enlarge). Though it's not completely indicative of the ratio in Loudoun County, it will give you a general idea of the variance in the Mid-Atlantic region and throughout the country. (Please note that these are the median list prices not the median sales prices) As a region, the Mid-Atlantic area has one of the closest ratios of median REO...
Median Las Vegas Home Prices according to the Review Journal
2008-02-28 07:40:00 Ah, yes. The dreaded so called annual “Las Vegas Appreciation” map per zip code has been released by the Las Vegas Review Journal as promised in my Las Vegas Median Home prices post back on the 17th. Obviously, you know my feelings about the media concerning Las Vegas real estate values. Let’s just put it this way, ...
Existing Home Sales: Median Home Price Down 4.6% in January
2008-02-25 17:19:00 From the Wall Street Journal this morning: WASHINGTON — Existing-home sales fell for the sixth month in a row during January as consumers stood on the sidelines watching prices slide for property. Home resales fell to a 4.89 million annual rate, a 0.4% decrease from December’s revised 4.91 million annual pace, the National Association of Realtors said Monday. Originally, the NAR estimated sales at 4.89 million in December. The median home price was $201,100 in January, down 4.6% from $210,900 in January 2007. The median price in December was $207,000. Falling prices have kept would-be buyers from signing off on property as they wait in hope for still-lower price tags. "Inventories are high, so it’s not surprising prices are declining," NAR economist Lawrence Yun said. (more…)
By: HousingDoom
Median home prices down 4.9% from a year ago
2008-02-25 16:16:00 The Realtors reported existing home sales today. Prices are down 4.9% from a year ago. Sales are down 23.4%. Inventories up 5.5% to a 10.3 million month supply. According to the NAR report: “The national median existing-home price for all housing types was $201,100 in January, down 4.6 percent from a year ago when the median ...
Contest: What Day Will the OC Median Drop Below $500K
2008-02-23 03:37:00 I'd like to have some fun and encourage some discussion here on the blog; so I am going to sponsor the first-ever OC Prudent Bears Real Estate Prediction contest. Here are the rules.Readers of the blog will try and predict the day that the median price of the Orange County All Homes Median Price as reported by DataQuick will fall below $500,000.Readers are to add a comment to this post that includes the date of he predicts the median will drop below 500K and their nickname as they are generally known around the RE blogosphere. (See example prediction in Comments section)The reader guessing closest to the actual crossover date (actual event date, not reporting date) will be considered the winner.If two or more readers guess the correct day, the reader who entered his guess first/earlier will be considered the winner.Readers can revise their guess as many times as they like, but only a reader's last and latest prediction will be considered for purposes of determining if he is a winn...
By: OC Prudent Bears
Median Las Vegas Home Prices
2008-02-17 15:16:00 What’s the Median Price for a Las Vegas Home? I think we are coming around the time that the Las Vegas Review Journal publishes their annual Las Vegas zip code appreciation (or depreciation) map. Yuck! I can’t say I’m a big fan of this and I do not know many Professional and experienced Las Vegas real Estate ...
Does Median Income Have Anything to do with Median Home Values?
2008-02-16 00:54:00 Okay, I'm really sick and tired of this argument. You know how it goes: "Median income has not kept up with median home values in Sacramento, this home prices must fall until everyone in Sacramento can afford to pay a third of their monthly budget toward their mortgage." It's a seemingly innocent calculation and very easy to remember; so simple in fact that it gets quoted again and again and unfortunately believed.Here is a list of areas where median incomes do not - by a long shot - keep pace with median home values. Interesting, huh?Here are a few reasons that calculation, pat and easy as it is to parrot, does not work:1. Not everyone can afford a home. Some people rent. Sometimes all their lives.2. Some people buy more than one house and rent it to others. They are called real estate investors and landlords.On an individual level (and for budgeting and loan purposes) it helps to use the 30% rule. But as a large group and especially when relating to medians, that formula falls a...
NAR reports that national median price drop of 5.8 precent
2008-02-15 16:00:00 The National Association of Realtors (NAR) reports that national median price drop of 5.8% during the last 3 months of 2007 set a record for the biggest-ever quarterly drop. They blame the credit crunch in the jumbo loan market which started in August of last year for the price drop.
Phoenix Median Home Price Down 12% In January
2008-02-14 08:01:00 ASU’s Realty Studies has released Jay Butler’s report on the Phoenix housing market in January, and the report holds no surprises- the housing market continues to deteriorate. Prices The median home price opened the year at $230,000, which is below the $232,000 of December 2007 and last year’s $260,000. It represents a continuation in declining ...
By: HousingDoom
Connecticut Median Home Price Rises
2008-02-12 14:45:00 Connecticut is a far cry from California. Statewide our home sales fell 9.31% from 2006 to 34,391 in 2007. Yes, it may be the lowest since 1995's 34,096 however our inventory levels are low for December 2007 to now. The kicker is the median sale price has climbed even higher the past 12 years, gaining 1.45% over 2006 to reach $280,000 in 2007, which is more than double the price from 1995. Not everyone's home price is appreciating. Sales in part of the state that have more expensive homes are keeping this price level up because the buyers for these homes that are selling for over $2M are of better means and can keep moving. It doesn't mean homes are appreciating. It just means that we are seeing a higher number of homes sell at higher price points. Of the eight counties in Connecticut - three of the eight posted a decline. The largest decline was New Haven County where the median sale price dipped to 2.42% to $248,726. Fairfield County posted the...
Las Vegas January Median Sale Price Down 17.3%
2008-02-09 08:01:00 The January sales numbers for single family housing are out for Las Vegas, and the results are not surprising– prices and sales are down, with the median sales price dropping 17.3% from $302,000 in January of 2007 to $249,900 in January 2008: [data from GLVAR] Sales 983 homes sold in Las Vegas in January, up from December’s ...
By: HousingDoom
Housing Reports for Maricopa County, Arizona - December 2007
2008-02-05 19:37:00 CURRENT AS OF Feb 5th, 2008 Summary MLS Active Listings Looks like we’ve hit the peak for listings coming onto the market. There may be some seasonality related to this, but I think overall the total number of listings are going to be dropping somewhat. Notice ...
By: REI Pipeline.com
West Seattle Real Estate: Median Price
2008-01-30 00:04:00 Here we see the Median Price of Listed Homes in West Seattle(98116,09136,98126). All too often this statistic is used to “gauge” appreciation, it doesn’t tell us appreciation. It really tells us what West Seattle Sellers think their home is worth. A “Median” is the point where half of the sample is higher and half is lower. It is a form of averaging. It tells us that in July ‘07 half of the sellers in 98116 thought their home was worth over $700,000. Today half think their home is worth more than $625,000. In any market it is more important to know what the Buyers think than the Sellers. Buyers set the “market price” of a home. Sure, Sellers can wait until, if ever, a buyer offers their price. But if know one does, is it really the market price. No, it is just the asking price. If you are interested in knowing what this means for you or for statistics for somewhere else in Seattle, give me a call (206)579-5605. Learn...
Existing home sales down 22% from a year ago - Median price down 6%
2008-01-24 16:18:00 More horrible news for the housing market. The National Association of Realtors (NAR) reported the existing home sales for December 2007 and as expected, the numbers are awful. Existing-home sales ? including single-family, townhomes, condominiums and co-ops ? slipped 2.2 percent to a seasonally adjusted annual rate1 of 4.89 million units in December from a pace ...
By: National Bubble
Existing home sales down 22% from a year ago - Median price down 6%
2008-01-24 16:18:00 More horrible news for the housing market. The National Association of Realtors (NAR) reported the existing home sales for December 2007 and as expected, the numbers are awful. Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 2.2 percent to a seasonally adjusted annual rate1 of 4.89 million units in December from a pace ...Related postsExisting home sales down 22% from a year ago - Median price down 6%More horrible news for the housing market. The National AssociationRealtors see ‘normal patterns’ in ‘09Realtor economist Larry Yun says today of the national housingO.C. home price off 1.5% in year, Realtors sayIt's a double scoop of home-price indexes! California's Realtors sayCopyright © 2007The OC Coastal Group Garry Loss http://www.theoccoastalgroup.co-m 888-OCC-Views digitalfingerprint: 002e6206e996033319e8fce2ce21085-0 (216.12.217.98) )
Las Vegas median home price statistics, to believe or not to believe, concl
2008-01-24 03:47:00 As I stated in the last blog post, it is not helpful to make a decision on buying a Las Vegas or Henderson home based on the median and average prices, or the newspaper articles which base their “expert prediction” on these numbers. As I stated before, expert predictions are based on sold prices and show the market reality of a few weeks to a few months ago. As for the future, I can easily predict what these experts will say in a few weeks, the market has gone down further by another 3% to 5% based on today’s asking prices by sellers and working in a discount due to fact that it is a buyer’s market.   Please take look at the market snapshot for Glengarry . As you can see the asking prices for model 2462 at this time is about $295,000 and the sold prices will be lower by $10,000-$20,000.A purchase worth noting is 2830 Kinknockie Wy. This home was purchased for $241,000 in Dec-2007. Even at the current selling prices which are about $280,000 for the model 2...
Las Vegas median home price statistics, to believe or not to believe, concl
2008-01-24 03:47:00 As I stated in the last blog post, it is not helpful to make a decision on buying a Las Vegas or Henderson home based on the median and average prices, or the newspaper articles which base their “expert prediction” on these numbers. As I stated before, expert predictions are based on sold prices and ...
South OC 2007 median prices
2008-01-16 16:51:00 Here are the median home prices for South Orange County through December 2007, as reported by the OC Register. We also compared them to the ending numbers for 2006. The dollar-value and percent changes for each city are also included.
Las Vegas median home price statistics, to believe or not to believe, that
2008-01-08 04:27:00 The median and average Greater Las Vegas residential pricing and expert predictions which are built up on these numbers are akin to someone saying that the median or average price of food items in a Super WalMart are $3.45. What does that number tell you? Does it tell you what the price of a gallon of milk or a pound of prime rib is? Or that if the average prices go down to $3.35 that a gallon of milk and a pound of prime rib will go down by ten cents? Absolutely not, and the same applies to the Las Vegas median price; all it tells is that the median or average of the aggregate properties which are sold at a period of time is X dollars. In order to explain this better I will use Glengarry, a neighborhood at the southern tip of Anthem Highlands in Henderson, Nevada. This neighborhood had sold most of the homes in 2005-early 2006, and some have been resold. In order to compare apples to apples, I have chosen Model 2462 in Glengarry which are sold in 2006-2007 and have placed the ML...
Las Vegas median home price statistics, to believe or not to believe, that
2008-01-08 04:27:00 The median and average Greater Las Vegas residential pricing and expert predictions which are built up on these numbers are akin to someone saying that the median or average price of food items in a Super WalMart are $3.45. What does that number tell you? Does it tell you what the price of a gallon ...
Iron Median - Slovenian Iron Maiden cover band
2007-12-24 13:57:00 Their first concert was in 17th May 2007 in a small place (called “Channel Zero“) in Ljubljana, just before Iron Maiden themselves arrived in Slovenia (2nd June 2007) . They had another one few days later and tickets were sold out both times - this broke the “number of sold tickets” record on Channel Zero’s ...
By: Music Video Blog
Southern California nightmare: home sales down 43%, median prices down 10%
2007-12-18 20:59:00 Southern California is not a dream anymore, the real estate bubble is bursting and it is getting harder to sell a home. The LA Times reports the latest figures: The November figure is the lowest in 20 years. But there’s one sign the market may have bottomed. The price decline was the sharpest — and November sales level ...
By: National Bubble
OC Median Asking Price Down Almost $120,000
2007-12-16 19:32:00 I poured myself a cup of coffee this morning and decided to have a look at asking price data at one of my favorites sites Housing Tracker.According to the data at Housing Tracker, the median asking price for homes in OC reached it's peak in May of 2006. At that point, the median seller was asking nearly $700,000 ($694,600)for her home. Today, she is asking nearly $120,000 less.Over life of a 30 year loan at 7.5%, a buyer purchasing a home at today's median versus the median at the peak will save almost $300,000 in principal and interest. That buyer would also save rouhgly $53,000 in property taxes, for a total savings of about $350,000.That is an amazing amount of money and a tremendous reward exercising bearish prudence. You should be proud of yourself.Viva los Osos!
By: OC Prudent Bears
Phoenix Home Sales: Lowest Median Price Since May 2005
2007-12-14 08:46:00 Jay Butler’ of ASU’s Realty Studies has released his monthly report: MESA, Ariz. — In an environment of heightened economic uncertainty and continuous financial issues, the local resale housing market remained anemic at 3,280 sales, in comparison to 3,610 recorded sales in October 2007 and last year’s 5,040 sales. While resale activity remains ...
By: HousingDoom
actual data / 5 years of median sales prices, by size of apartment
2007-12-12 17:54:00 Following on yesterday's post about Big Media 'reading' The Market (making sense is hard / NYT vs WSJ on The Manhattan Market), here is some hard data about the median price for closed sales in all of Manhattan, by quarter, broken down by size of apartment, courtesy of Miller Samuel. I've highlighted the Q3 numbers in each year back to 2002. I still need to find more current data, as these results do not take into account the 'liquidity crisis' that began in mid-August. But here it is, for what it is worth: Manhattan Co-ops + Condos Median Sales Price 2002 - 2007 Studio 1-Bedroom 2-Bedroom 3-Bedroom 4+Bedroom Al...
Median Home Price Trends
2007-12-06 20:25:00 Median Home Price Trends This chart shows the current median single family home price in LAS VEGAS. Real estate market research begins with price trends. Watch this report each week to discern trends before you can read about them anywhere else. Subscribe to the Market Intelligence Details report for LAS VEGAS for weekly city-wide and neighborhood trends, and Quartile trends for different price points in the market. Median Price as of December 02 2007 for LAS VEGAS is $321k.Market Action Index We developed the Market Action Index for at-a-glance real estate research. The Index is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, we call that a Seller's Market. Below 30 is a Buyer's Market. Also use the long-term trends as a leading indicator for prices. When markets fall persistently into Buyer's territory prices will likely follow. Subscribe now to see how the market's price Quartiles are faring. Median Market Action Index as ...
Existing home sales down 20% from a year ago - National median home price d
2007-11-28 16:36:00 The National Association of Realtors released the October existing home sales numbers and no surprise, the numbers are bad, very bad. But you couldn’t tell that but reading the spin from the Realtors in this news release. The headline from the Realtors is “Mixed Results For October Existing-Home Sales; Mortgages Improving”. Oh really? What mixed results are you talking about?. They say: “Single-family existing-home sales were stable in October while the condo sector was down”. Sales were stable from what? From last month? Yes. From a year ago? Not at all. Existing home sales were down 20.7% from a year ago. What is stable about that? Of course, I know that the Realtors are referring to the fact that existing single family home sales were unchanged from last month. Well, you can’t measure this market month to month, specially if there is not that much change. I better measure is comparing it to a year ago and if we look at that, down 20.7% is a hor...
By: National Bubble
Phoenix Median Home Price Down 10% Off Of High- And Still Heading Down
2007-11-25 08:02:00 According to Catherine Reagor of the Arizona Republic today: Home prices in metropolitan Phoenix took a healthy drop in October. No one who owns a home wants to hear that, including me. But real-estate analysts say home prices in many parts of the Valley need to come down after climbing too high during ...
By: HousingDoom
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