NAR - "Pending Home Sales Show Leveling Trend" (11-1-06)
"Home sales are expected to hold fairly steady in the months ahead, according to the latest reading on pending home sales published by the National Association of Realtors®."
Thursday, November 02, 2006
Market Watch - "Weekly mortgage applications fall" (11-1-06)
"Applications for mortgage loans dropped last week by 3% compared to the prior week, as consumers shrugged at lower interest rates, the Mortgage Bankers Association reported Wednesday."
"Applications for mortgage loans dropped last week by 3% compared to the prior week, as consumers shrugged at lower interest rates, the Mortgage Bankers Association reported Wednesday."
CNN - "Construction spending posts surprise drop" (11-1-06)
"Outlays sank 0.3 percent in September, hurt by sixth straight decline in home building."
"Outlays sank 0.3 percent in September, hurt by sixth straight decline in home building."
CNN - "Can the economy survive the housing bust?" (11-1-06)
"Real estate downturns have a way of leading to recessions and stock market slumps. So far the damage has been limited, but the numbers keep getting worse, says Fortune's Jon Birger."
"Real estate downturns have a way of leading to recessions and stock market slumps. So far the damage has been limited, but the numbers keep getting worse, says Fortune's Jon Birger."
Market Watch - "Rich Dad and The Donald's reveal 'the secret'" (10-30-06)
Sorry folks, everything I've been saying about investing is wrong. At least that's the message in Donald Trump and Robert Kiyosaki's new book, "Why We Want You To Be Rich:"
"If you believe that working hard, saving money, investing for the long-term in mutual funds and diversifying is good advice then this book may not be for you."
Sorry folks, everything I've been saying about investing is wrong. At least that's the message in Donald Trump and Robert Kiyosaki's new book, "Why We Want You To Be Rich:"
"If you believe that working hard, saving money, investing for the long-term in mutual funds and diversifying is good advice then this book may not be for you."
LA Times - "Home-valuation site said to mislead consumers" (10-30-06)
"Since the home-valuation website Zillow.com had its well-publicized launch eight months ago, it has taken a lot of flak from its users for being frequently wrong. Now, the Seattle-based site, which allows you to look up the estimated value of your house for free, is accused of purposely being misleading."
"Since the home-valuation website Zillow.com had its well-publicized launch eight months ago, it has taken a lot of flak from its users for being frequently wrong. Now, the Seattle-based site, which allows you to look up the estimated value of your house for free, is accused of purposely being misleading."
OC Register - "Orange County home prices and sales" (10-30-06)
"For the 22 business days ending October 12, sales for all types of Orange County home sales decreased 33.6 percent. The median sales price rose 2.3 percent. The median is where half the homes sold for more and half for less. Types of homes selling, as well as home value changes, cause the median to change."
"For the 22 business days ending October 12, sales for all types of Orange County home sales decreased 33.6 percent. The median sales price rose 2.3 percent. The median is where half the homes sold for more and half for less. Types of homes selling, as well as home value changes, cause the median to change."
LA Times - "Thinking of buying? Median price likely to dip next year" (10-29-06)
"After years of steep increases, homeowners can expect a modest decline in price appreciation next year, according to the California Assn. of Realtors' 2007 California Housing Market Forecast, which was released Oct. 18 at the trade group's annual expo in Long Beach. The sales pace is expected to continue to slow as well."
"After years of steep increases, homeowners can expect a modest decline in price appreciation next year, according to the California Assn. of Realtors' 2007 California Housing Market Forecast, which was released Oct. 18 at the trade group's annual expo in Long Beach. The sales pace is expected to continue to slow as well."
LA Times - "Housing production drops 47%" (10-28-06)
"Builders obtained permits for 11,590 houses, condominiums and apartments in September, according to statistics compiled by the Burbank-based Construction Industry Research Board. By comparison, 21,717 permits were issued in the year-earlier period."
"Builders obtained permits for 11,590 houses, condominiums and apartments in September, according to statistics compiled by the Burbank-based Construction Industry Research Board. By comparison, 21,717 permits were issued in the year-earlier period."
OC Register - "Broker association calls for better borrowing" (10-27-06)
"State mortgage broker association calls for consumer education, increased license standards for some loan officers."
"State mortgage broker association calls for consumer education, increased license standards for some loan officers."
Thursday, October 26, 2006
Breibart - "Home Price Drop Is Largest in 35 Years" (10-26-06)
"The median price of a new home plunged in September by the largest amount in more than 35 years, even as the pace of sales rebounded for a second month."
"The Commerce Department reported that the median price for a new home sold in September was $217,100, a drop of 9.7 percent from September It was the lowest median price for a new home since September 2004 and the sharpest year-over-year decline since December 1970. The weakness in new home prices was even sharper than a 2.5 percent fall in the price of existing homes last month, which had been the biggest drop on record."
"The median price of a new home plunged in September by the largest amount in more than 35 years, even as the pace of sales rebounded for a second month."
"The Commerce Department reported that the median price for a new home sold in September was $217,100, a drop of 9.7 percent from September It was the lowest median price for a new home since September 2004 and the sharpest year-over-year decline since December 1970. The weakness in new home prices was even sharper than a 2.5 percent fall in the price of existing homes last month, which had been the biggest drop on record."
NAR - "September Existing-Home Sales Ease, Setting State for Stable Market" (10-25-06)
"Existing-home sales eased last month, as did the number of homes available for sale – indicating the housing market is stabilizing, according to the National Association of Realtors®."
"Total existing-home sales – including single-family, townhomes, condominiums and co-ops – dipped 1.9 percent to a seasonally adjusted annual rate1 of 6.18 million units in September from a level of 6.30 million in August, and were 14.2 percent below the 7.20 million-unit pace in September 2005, which was the third strongest month on record."
"Existing-home sales eased last month, as did the number of homes available for sale – indicating the housing market is stabilizing, according to the National Association of Realtors®."
"Total existing-home sales – including single-family, townhomes, condominiums and co-ops – dipped 1.9 percent to a seasonally adjusted annual rate1 of 6.18 million units in September from a level of 6.30 million in August, and were 14.2 percent below the 7.20 million-unit pace in September 2005, which was the third strongest month on record."
OC Register - "Auctions help sellers move on" (10-25-06)
"The Norris Group, founded by Riverside real estate investor and forecaster Bruce Norris, is launching a home auction business Nov. 19 at a Cal Poly Pomona auditorium, hawking 19 vacant, investor-owned homes."
"The Norris Group, founded by Riverside real estate investor and forecaster Bruce Norris, is launching a home auction business Nov. 19 at a Cal Poly Pomona auditorium, hawking 19 vacant, investor-owned homes."
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