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Tuesday, November 27, 2007 10:46 AM

Case-Shiller index and home price declines

The Case-Shiller index came out this morning with more news on home price declines but there is somewhat of a disconnect between the headline and the story. The Headline: Home prices falling everywhere: S&P Down 4.5% nationally over past year, says
Posted by Howard Arnoff | 0 Comments
Thursday, November 01, 2007 9:37 AM

National real estate prices, up down and stable

I've indicated that the Charleston South Carolina real estate market prices have been very stable for the past year despite declining unit sales and high inventory levels. The media has been nothing short of ferocious with negative headlines which
Posted by Howard Arnoff | 0 Comments
Wednesday, June 06, 2007 2:37 PM

NAR revises forecast for slightly larger price declines for housing

The National Association of Realtors (NAR) now forecasts a slightly larger price decline for both existing and new homes. The revised forecast for the National real estate market: median existing-home price will drop 1.3 percent median new-home price
Posted by Howard Arnoff | 0 Comments
Saturday, May 26, 2007 5:01 AM

April housing statistics, up, down, what's going on?

New home sales, sales up, prices down. Existing home sales, sales down, inventory up, prices ? So what is really going on with housing. New home sale rose sharply last month but the data is questionable because it is self reported by the builders and
Posted by Howard Arnoff | 0 Comments
Tuesday, April 24, 2007 9:51 AM

S&P Shiller-Case and March existing home sales

No surprises in the latest numbers to come out of S&P Case-Shiller or data from the National Association of Realtors (NAR) on existing home sales. While Nationally syndicated writer, Lew Sichelman advised the real estate reading public to not pay
Posted by Howard Arnoff | 0 Comments
Tuesday, March 27, 2007 8:30 AM

Case-Shiller index

The 10 city Case-Shiller index of housing prices was released and real estate prices have declined in January on a year over year basis. The headline is far more alarming than the actual news but we've discussed media coverage of this issue before.
Posted by Howard Arnoff | 0 Comments
Monday, March 12, 2007 10:00 AM

Buying foreclosures

Charleston real estate buyers are looking to buy foreclosures today as the media relentlessly reports the slowing sales in the housing market and the problems in the subprime mortgage market. Clients of mine stumbled across an interesting property that
Posted by Howard Arnoff | 0 Comments
Thursday, March 08, 2007 12:26 PM

Builder price reductions

I noticed an interesting question posed to Nationally syndicated columnist Lew Sichelman about whether there is any recourse if the builder in your neighborhood slashes prices to attract new buyers and you purchased previously at an obviously higher price.
Posted by Howard Arnoff | 0 Comments
Tuesday, February 06, 2007 2:06 PM

S & P Case-Shiller Index

While these statistics are from November, it illustrates home price declines, albeit small declines in 17 of 20 cities studied for the month. The study also shows a continued erosion of home price gains rising 1.7 percent in November compared to 15.7
Posted by Howard Arnoff | 0 Comments
Tuesday, November 28, 2006 3:10 PM

Median price vs Average price

With the media spotlight on housing prices across the country, I noticed the usage of median price used much more extensively than average price and wondered about the distortion that could be created. What is important to remember is that median price
Posted by Howard Arnoff | 1 Comments
Tuesday, November 21, 2006 3:41 PM

Buyers Market

New construction has been slowing dramatically as the national builders try to work off their excess inventory and cut back on the number of starts. Price declines in new construction are the inevitable result of incentives being offered to clear high
Posted by Howard Arnoff | 0 Comments