• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Home Price Monitor: June 2011
 

Home Price Monitor: June 2011

on

  • 884 views

 

Statistics

Views

Total Views
884
Views on SlideShare
624
Embed Views
260

Actions

Likes
0
Downloads
3
Comments
1

13 Embeds 260

http://www.realtor.org 137
http://www.viewsouthcarolinarealestate.com 41
http://activerain.com 37
http://blog.upstate-south-carolina.com 15
http://exitrealestateconsultants1.agentxsites.com 6
http://www.realtown.com 5
url_unknown 5
http://www.agreatertown.com 4
http://www.forsalebydena.com 4
http://www.slideshare.net 2
http://webhosts.ihouseelite.com 2
http://lexingtonscforsalebydena.wordpress.com 1
http://agreatertown.com 1
More...

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel

11 of 1 previous next

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • Early reports I pulled from the San Diego MLS on 7/7/11, show June, 2011 prices of resale houses & condos combined, dropping by .5%, but cost per square foot remains flat. San Diego County June home sales will show another monthly increase to the highest number this year. Housing inventory is up again by a small amount.
    In San Diego County, bank owned listings dropped to 8% and short sale listings dropped to 24% of active listings. These are the lowest numbers of distressed property inventory we have seen in years in the San Diego Real Estate Market!
    Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® CA Lic #00476662 RE/MAX BY-THE-SEA http://www.sandiegohomes4u.com
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Home Price Monitor: June 2011 Home Price Monitor: June 2011 Presentation Transcript

    • Home Price Monitor June 2011 National Association of REALTORS® Research Division Cutting Through the Noise: Various Home Price Measure
    • Highlights
      • Existing home prices increased in April. Only new home prices weakened a bit in the month. Over the year, home prices are down a bit, but the decline is smaller and almost non-existent in the distressed-excluded data.
      • Housing market activity is seasonal, so year over year comparisons are typically the most informative. However, the expiration of the tax credit one year ago makes year over year comparisons less informative than usual this period.
      • Data continue to show that new homes have better price performance over the year; low levels of new construction and very little activity in the new home sector should help maintain this trend though low sales levels also contribute to the substantial volatility in the data.
    • Outlook
      • Distressed sales , which hold back existing home prices, continued to trend down. In May they were 31 percent of all sales.
      • Data from the REALTORS® Confidence Index show that the share of distressed sales peaked in the first quarter of 2009 and 2010.
      • April and May data suggest that this pattern will also hold in 2011. suggesting that price performance is likely to improve in the months ahead. Stable inventories coupled with the seasonal boost in sales activity will also help support prices.
      • Affordability remains high, but continued job growth, confidence, and available financing are necessary for consumers to take advantage. Tight credit spurred by proposed QRM rule changes may hold future buyers back. Learn more about the QRM here .
    • Home Prices Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER
    • Home Price Data – Year over Year Change Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER
    • Home Price Changes *All data are not seasonally adjusted. Monthly changes should typically be computed only for Seasonally Adjusted (SA) data. Because these change rates are often covered in the media regardless of their suitability for analysis, they are presented here but should be used with caution. Annual (yr-over-yr) changes computed for Not Seasonally Adjusted (NSA) data give a measure that is not affected by seasonal fluctuations. Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER
    • Spread of Existing Home Price Changes Year over Year Sources: NAR, Case-Shiller, CoreLogic, FHFA, HAVER
    • Supply and Demand Factors – Inventory Sources: NAR
    • Supply – New Housing Starts and Permits Sources: Census
    • Underlying Demand – Job Growth and Hires Sources: BLS
    • Potential Job Growth – Openings Sources: BLS
    • Housing Affordability Sources: NAR
    • About the Price Data Series Sources: NAR, Case-Shiller, CoreLogic, FHFA, Census, HAVER