Monthly Archives: June 2009

New Home Sales Slip Lower in May

June 25, 2009 No Comments »

You know it’s bad news when the home builders are pessimistic… Sales of newly built, single-family homes declined less a percent to a seasonally adjusted 342,000 units last month, but were off more than 30 percent from a year ago, ... Read More »

More Expensive Homes May Not Bottom Until 2012

June 17, 2009 No Comments »

Having a super expensive home is generally viewed as a good thing, but the priciest homes in the nation may also take the longest time to recover. A pair of JPMorgan Chase analysts told Bloomberg they believe homes priced over ... Read More »

New York Home Prices Predicted to Fall Another 40 Percent

June 16, 2009 No Comments »

New York metro area home prices are expected to fall another 40.6 percent from the first quarter of 2009, according to Deutsche Bank. It’s actually an improvement from an earlier prediction, when home prices were slated to fall 47.4 percent, ... Read More »

Housing Outlook Negative

June 15, 2009 No Comments »

The housing outlook, which seemed to be on the up and up thanks to record low interest rates and a more promising homebuyer tax credit, took a step backwards in the latest home builder survey. “The outlook for home sales ... Read More »

U.S. Home Prices Slashed by $27.4 Billion

June 9, 2009 No Comments »

Nearly one in four homes currently listed for sale in the United States have had their listing price slashed, totaling a whopping $27.4 billion in reductions, according to Trulia. On average, listed homes have seen price reductions of 10.6 percent, ... Read More »

New Home Inventory Lowest Since 2001

June 1, 2009 No Comments »

Here’s a sliver of good news, though it needs to be taken with a big grain of salt, or perhaps some sawdust. New home inventory slipped to its lowest point since May 2001, according to government figures highlighted by the ... Read More »