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* THE AMERICAN DREAM OF HOMEOWNERSHIP MIGHT BE OVER?

THE AMERICAN DREAM OF HOMEOWNERSHIP MIGHT BE OVER

(Yahoo News) — There are two ways to discern today’s S&P/Case-Shiller Home Price Index numbers: home prices are at 10-year lows and likely to fall further or home prices are recovering because prices are declining at a slower pace.

Economist Karl Case, co-founder of the widely followed S&P/Case-Shiller index, has a more optimistic view on the market. He says there are cities and towns where the market “is cleaning and prices are holding” and notes that a reduction in new construction will bring the market more in line with the number of people seeking to buy.

“We’re bouncing along a rocky bottom,” Case says in the accompanying video.

Read more…

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April 25, 2012 Posted by | Buying, Market Statistics, Miscellaneous, Selling | Leave a comment

* HOUSING TRENDS NEWSLETTER – APRIL 2012

Please check out my April 2012 Housing Trends Newsletter

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, REALTOR.com local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.
Read more…

April 25, 2012 Posted by | Buying, Market Statistics, Selling | Leave a comment

* UNDERWATER

Desert Underwater: Who Owns Your Home?

Posted: Nov 17, 2011 9:35 PM CST Updated: Nov 18, 2011 1:22 PM CST
By George Knapp, Chief Investigative Reporter – bio | email
By Matt Adams, Chief Photojournalist – email

desert-underwater-who-owns-your-home?autoStart=true&topVideoCatNo=default&clipId=6467001

LAS VEGAS — The foreclosure crisis has several causes, but government investigators now believe that high risk gambling by major banks is mostly to blame for the economic meltdown. Millions of Americans who played by the rules and paid their bills have lost their homes because banks and their service providers cranked out mountains of bogus mortgage documents.

In Nevada, tens of thousands of homeowners are in for a big surprise — they don’t really own their homes because the paper trail was corrupted from the beginning. And if the house you bought has ever been in foreclosure, there’s a strong chance you have a problem.

We’ve heard over and over how the government’s insistence that banks provide subprime loans so poor people could get mortgages is the primary cause of the meltdown. Subprime loans are a part of the problem, but only a tiny part. For the most part, the people who have lost, and are still losing their homes, did everything right and still got screwed.  Read more…..

and check out this video:
desert-underwater-who-owns-your-home?autoStart=true&topVideoCatNo=default&clipId=6467001

March 19, 2012 Posted by | Foreclosures, Market Statistics, Miscellaneous | Leave a comment

THE CYCLE OF INVESTMENTS

The Cycle of Investments

by The KCM Crew on August 5, 2011

InfoGraphic

August 5, 2011 Posted by | Market Statistics, Selling | Leave a comment

* US HOME PRICES, SUNG LIKE OPERA

This is really funny and creative: US home prices sung like opera by  Timothy McDevitt

npr, Planet Money
Jacob Goldstein and David Kestenbaum

April 26, 2011

All Things Considered

Download
Transcript

Case-Shiller

Source: Case-Shiller Home Price Index, via Standard & Poors

Credit: Alyson Hurt

The Case-Shiller home price index is a powerful way to look at the story of housing in America. You can see the boom and bust all in one simple graph.

But when we go on the radio to talk about home prices, a graph isn’t much good to us — nobody can see it.

So we converted the Case-Shiller graph into musical notes.

Case Shiller opera

Jess Jiang/Case-Shiller home price index

We gave the sheet music to Timothy McDevitt, a baritone who’s getting a master’s degree at Juilliard. Then we got Karl Case and Robert Shiller — the economists who created the index — to listen to the music weigh in.

Here’s what the past decade of housing in America sounds like:
Read more…

May 7, 2011 Posted by | Market Statistics, Selling | , , | Leave a comment

NAR PRESIDENT, Lawrence Yun, ON HOUSING MARKET

Vodpod videos no longer available.

Lawrence You on housing market, posted with vodpod

April 25, 2011 Posted by | Buying, Market Statistics, Selling | , | Leave a comment

* DISTRESSED SALES STATE BY STATE

Distressed Sales: State by State

by The KCM Crew on March 23, 2011

We have often written on the impact foreclosures and short sales have on the value of the house next door. The Center for Responsible Lending has done great reporting on the subject. It seems distressed properties will be a challenge we will need to deal with for some time. The National Association of Realtors (NAR) released their Existing Sales Report. The report said:

Distressed homes – sold at discount – accounted for a 39 percent market share in February, up from 37 percent in January and 35 percent in February 2010.

This week, NAR released an Economic Outlook. In the report, they covered the percentage of overall sales that distressed properties represented in each state. Here is a map that accompanied the report: read more

* * *

Behind on payments? Want to sell your home?
If you are interested in a SHORT SALE, contact me for more information.
Sell with dignity, preserve your creditworthiness and start rebuilding your life.
I have helped many homeowners avoid foreclosure.
For more information and a FREE REPORT ON SHORT SALES please call


Barbara Pedersen
Realtor®, Short Sale Specialist
(708) 539-9900

or email:

March 23, 2011 Posted by | Foreclosures, Market Statistics, Short Sales | , , , , , , | Leave a comment

* 2011 MARKET OUTLOOK by BARBARA CORCORAN

I like it. Pretty optimistic.

Vodpod videos no longer available.

February 25, 2011 Posted by | Buying, Foreclosures, Homes for Sale, Market Statistics, Selling, Short Sales | Leave a comment

* REAL ESTATE MARKET IN 2011

This is a great article on KCM Blog on the future of real estate market

Demand for Housing Will Increase in 2011

by The KCM Crew on December 13, 2010 · 0 comments

The last Pending Home Sales Index from the National Association of Realtors (NAR) showed a substantial 10.4% month-over-month increase. According to NAR the index measures:

housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.

This increase confirms a growing feeling that demand for housing has begun to increase.

Both NAR and Fannie Mae expect an increase in sales over the upcoming five quarters. Here are their projections:

Bottom Line

Sales will increase over the next several quarters. The increase will initiate a housing recovery. However, price increases will not take place until current inventory levels diminish. That could take 12-18 months.

About The Author

We at The KCM Crew are pursuing our mission of building a home for real estate information. We are truly dedicated to helping real estate professionals by supplying all the tools and resources they need to be seen as industry leaders in their marketplace. See how we can help you to become an industry leader in your marketplace, and be sure to check out our page on Facebook and follow us on  Twitter.

December 13, 2010 Posted by | Buying, Foreclosures, Homes for Sale, Market Statistics, Selling | , , , | Leave a comment

* HOUSING TRENDS NEWSLETTER – OCTOBER 2010

OCTOBER – 2010 Housing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the OCTOBER – 2010 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

October 28, 2010 Posted by | Buying, Homes for Sale, Market Statistics, Selling | 2 Comments

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