Case-Shiller, Housing Prices Showing Improvements!

17 of the 20 markets covered by the Case-Shiller index showed improvement.

Garden State Sales Outpace National Average

Each of New Jersey’s metro areas showed year-over-year growth in median home price.

Case Shiller, May Was Better Than Expected

Home prices up 4.61% Vs expected 3.85%
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AZ-Phoenix
Los Angeles
DC-Washington
Miami
Chicago
Detroit
NY-New York
TX-Dallas
Composite-10
Composite-20

YEAR
PHXR-SA
LXXR-SA
WDXR-SA
MIXR-SA
CHXR-SA
DEXR-SA

May 2010
112.46
176.06
182.61
147.44
123.46
69.07
171.71
119.61
160.31
147.33

April 2010
112.42
174.72
181.6
147.05
123.1
69.51
170.71
119.27
159.56
146.64

March 2010
111.72
173.59
178.75
147.25
121.99
68.72
170.66
118.39
158.77
145.75

February 2010
111.83
174.05
179.47
147.24
124.71
71.36
170.95
118.14
158.72
146.04

January 2010
112.21
173.94
179.09
147.58
125.97
72.05
171.22
119.66
158.62
146.21

December 2009
111.63
170.81
179.3
147.68
126.39
71.98
171.5
119.91
158
145.76

November 2009
110.32
168.69
178.34
147.8
127.65
71.71
171.82
119.75
157.3
145.16

October 2009
108.71
166.48
178.26
148.17
128.45
71.92
173.11
118.64
156.86
144.72

September 2009
107.67
165.39
178.02
149.04
129.86
71.1
173.79
118.66
156.77
144.65

August 2009
106.86
164.39
176.76
148.31
128.49
70.51
174.45
118.95
156.55
144.53

July 2009
106.03
162.61
174.66
147.4
127.43
69.9
173.68
119.11
154.7
143.02

June 2009
105.15
160.84
172.36
146.55
125.38
70.28
172.59
118.29
153.19
141.78

May 2009
104.87
160.36
169.91
145.63
125.26
70.85
172.38
116.23
152.04
140.81

April 2009
106.6
161.98
169.2
147.64
124.96
71.58
172.26
115.37
152.41
141.14

March 2009
109.01
163.65
169.03
149.79
124.73
71.94
174.87
114.82
153.84
142.31

February 2009
113.65
165.25
170.78
153.96
128.42
75.33
178.21
114.96
156.4
145.01

January 2009
117.61
167.52
173.62
158.25
131.66
77.7
180.74
114.76
158.72
147.25

December 2008
123.07
170.92
176.06
163.97
136.3
80.29
182.99
116.39
161.95
150.42

November 2008
128.71
174.84
179.48
168.25
139.63
82.64
185.6
118.07
164.9
153.47

October 2008
132.85
177.77
183.07
172.39
143.1
85.02
188.33
119.38
167.81
156.27

September 2008
137.85
181.74
187.3
178.04
145.49
88.22
190.63
120.12
171.28
159.57

August 2008
142.85
186.73
191.24
182.88
147.31
91.15
192.8
120.54
175.09
162.95

July 2008
148.24
190.97
193.46
187.03
148.62
92.8
193.5
121.11
177.3
164.93

June 2008
153.73
195.55
196.59
191.27
150.57
93.67
195.05
121.11
180.31
167.54

May 2008
159.15
199.82
199.66
194.41
151.64
93.74
195.47
121.38
182.45
169.48

April 2008
164.36
205.44
203.41
202.6
153.26
95.72
196.31
121.49
185.51
172.05

March 2008
170
210.52
206.9
210.14
152.76
96.75
197.8
121.44
188.81
174.76

February 2008
175.2
217.57
211.17
218.42
155.38
98.59
198.68
120.4
192.67
178.14

January 2008
180.88
225.86
215.28
224.56
157.27
100.47
200.27
120.59
197.09
181.83

June New Home Sales Beat Expectations.

June new-home sales much better than expected

Eden Prairie, Minn. Best Small Town USA

Money Magazine’s best small towns in America

Construction Spending Up

Residential construction spending 4.4% higher than march’s revised numbers.

Case-Shiller, Home Prices Edge Lower

S&P’s Case-Shiller index shows that the tax credit may have increased activity but had no effect on prices. Six metro areas showed increases in prices, however 13 of the twenty cities tracked showed a decline and Detroit came in flat. The numbers are a question mark on the recovery of the housing market with [...]

April Existing Home Sales Soar

As expected April’s existing home sales numbers are  almost 23%  higher than the same time last year. Overall prices also increased by 4% over  the 2009 numbers.
The news is tempered by the rising inventory numbers which also rose 11.5% to an 8.2 month inventory and also by the expectations that seasonality as well as the [...]

US Loan Demands Reach Multi Year Lows

Near-record low mortgage rates  couldn’t prevent the sudden drop  in  mortgage demand that came in the wake of the expired federal tax credit program. Mortgage Bankers Association stated that  mortgage purchase applications sank 27.1 percent due mostly to the expiration of the  the popular government support program.
Applications  for home purchase loans have fallen almost 20 [...]

FHA Commissioner “Incredible market ahead”

Citing favorable demographic trends, FHA commissioner David Stevens, predicted that the we’ll have the strongest real estate market yet.
According to Realtor Magazine the current demographics rival and even surpass the post WWII baby boom,  “Young households today represent a demographic block larger than even the baby boomers, and their entry into the housing market [...]