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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
La/oc Home Prices Up 7.1%, S&p Says
Posted on 11/29/2006 00:00 AM | Link | Post Comment
Home prices in the L.A./O.C. region rose 7.1% in the year ended in September vs. a 3.7% gain in a 10-city U.S. composite, says the S&P/Case-Shiller index. This benchmark tracks so-called "paired-sales" -- gains or losses on individual homes vs. movement in, say, a broad collection of monthly transactions. (Compare this data to California Realtors' 2.9% year-over-year drop for O.C. for October by CLICKING HERE)
The S&P/Case-Shiller analysis says ... “Home price gains continue on a downward spiral,” says Robert J. Shiller, chief economist at MacroMarkets LLC. “In September we saw monthly declines or flat prices in seven of ten major metropolitan areas. In addition, two more regions -- San Francisco and Washington D.C. -- are very close to showing annual declines in their home price markets. Both regions have demonstrated outright monthly declines in each of the last four months.” San Diego and Boston show the weakest markets, down 1.0% and 3.3% from a year ago, respectively. Month-over-month returns continue to be lackluster, with only three regions demonstrating any price increases over the month. To read more, CLICK HERE
Housing Bubble and Real Estate Market Tracker
on Nov 28th, 2006 in Market Overview by Judy Weil
From the WSJ:
Existing-Home Sales Climb, But Prices Show Record Drop
The number of houses sold rose in October, while the median home price fell from $229,000 in October 2005 to $221,000 last month.
And, the average price of a new home increased to $309,700 in October, up from $297,700 in September and $293,600 in October 2005, according to Commerce. The median price also rose, up to $248,500 last month from $218,200 in September and $243,900 in October 2005.
and, the analysis from Barry Ritholtz:
Existing Home Sales: Unspinning The NAR Numbers
on Nov 28th, 2006 in Market Overview by Barry Ritholtz
• Latest home prices: 150 markets Help! Home for sale - Basile and Neuffer
The S&P/Case-Shiller analysis says ... “Home price gains continue on a downward spiral,” says Robert J. Shiller, chief economist at MacroMarkets LLC. “In September we saw monthly declines or flat prices in seven of ten major metropolitan areas. In addition, two more regions -- San Francisco and Washington D.C. -- are very close to showing annual declines in their home price markets. Both regions have demonstrated outright monthly declines in each of the last four months.” San Diego and Boston show the weakest markets, down 1.0% and 3.3% from a year ago, respectively. Month-over-month returns continue to be lackluster, with only three regions demonstrating any price increases over the month. To read more, CLICK HERE
Housing Bubble and Real Estate Market Tracker
on Nov 28th, 2006 in Market Overview by Judy Weil
From the WSJ:
Existing-Home Sales Climb, But Prices Show Record Drop
The number of houses sold rose in October, while the median home price fell from $229,000 in October 2005 to $221,000 last month.
And, the average price of a new home increased to $309,700 in October, up from $297,700 in September and $293,600 in October 2005, according to Commerce. The median price also rose, up to $248,500 last month from $218,200 in September and $243,900 in October 2005.
and, the analysis from Barry Ritholtz:
Existing Home Sales: Unspinning The NAR Numbers
on Nov 28th, 2006 in Market Overview by Barry Ritholtz
• Latest home prices: 150 markets Help! Home for sale - Basile and Neuffer
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