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| Articles about Home Prices |
| What Do Home Prices and Gas Prices Have in Common? | | 2008-06-18 18:01:59 | | Ever wondered why your house isn’t selling?
Think your house should be more money than your neighbors?
In today’s Real Estate market, it is key to have your house priced correctly from the start.
Don’t make the mistake of over pricing your home. That’s what we call in the real estate business, “chasing the market.”
Running after the market | | By: Sacramento Real Estate Voice | | |
| | Banks see plunge in home prices in next two years | | 2008-05-21 00:48:00 | | New homes, rising vacancy rates, unsold condos and fewer rental deals cited as reasons By Fiona Chan, Property Reporter THE slowdown in the Singapore housing market has prompted two banks to predict a dramatic plunge in home values in the next two years. In two starkly bearish reports, Barclays Capital and Credit Suisse have forecast drops of up to 40 per cent in home rents and prices, as demand and supply dynamics move in favour of buyers. The reports, issued in the last two weeks, pointed to the malign cocktail of a flood of new homes coming on the market, climbing vacancy rates, a rising number of unsold condominiums and fewer rental transactions. They also raised concerns about the possible dumping of units by speculators. Barclays said that should this happen, private home prices could slide 28 per cent to 30 per cent by 2010. Credit Suisse predicted a possible 40 per cent drop in rents and prices. Its analysis showed that sub-sale prices recently started to dip at several develop | | By: How to be Rich, Happy and Free from Scams | | |
| | Home prices swoon again | | 2008-04-29 02:58:00 | | That market downturn, however, was caused by problems in the banking system, the report noted, while the current problems are driven by the mounting number of foreclosures, which show no sign of abating."It might be a while before we pull out of the current housing slump," concluded Timothy Warren, CEO of The Warren Group.Barnstable County experienced a slightly steeper drop in prices over the same period. The median sales value of a single family home on the Cape last month was $345,000, down nearly 12 percent from the March 2007 price of $369,000.
| | By: Boston real estate news | | |
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| | How far will home prices fall? | | 2008-04-24 19:18:06 | | I posted earlier this week that the median home price in the Dothan area has fallen almost 9% (stats from the Dothan MLS) since the peak in the third quarter of 2006. According to Yale University economist Robert Shiller, home prices could fall a lot further.
Median price rose in the Dothan area about 30% between [...] | | By: Dothan Home Search | | |
| | Singapore luxury home prices surge 31% | | 2008-04-20 22:37:12 | | Singapore luxury home prices surge 31%
WHEN it comes to luxury homes in prime locations, Singapore had the eighth-most expensive properties in the world last year, ahead of cities such as Tokyo, Hong Kong and Paris.
Average prices of top-end properties in the Republic rose by 31 per cent to £1,197 (S$3,232) per sq ft (psf), the [...] | | By: singapore property real estate news blog | | |
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| High home prices in Singapore send buyers abroad | | 2008-04-19 22:26:56 | | High home prices in Singapore send buyers abroad
Investors check out posh units in cities like London, where values have fallen
By Fiona Chan, Property Reporter
As the global credit crunch drags on, home prices are falling all over the world, from Britain and Spain to India and Australia.
But in Singapore, property values are proving stubbornly resilient. Private [...] | | By: singapore property real estate news blog | | |
| | Less than 1% chance home prices will fall in Dallas / Fort Worth | | 2008-04-11 12:46:00 | | Report: Dallas-Fort Worth won't see big home price declines 11:08 PM CDT on Thursday, April 10, 2008 By STEVE BROWN / The Dallas Morning News stevebrown@dallasnews.comWhile North Texas' housing market decline has accelerated in recent months, analysts are still betting that the Dallas-Fort Worth area won't see measurable price declines. Indeed, the latest report from mortgage insurance firm PMI Group says that D-FW is one of the last places in the country likely to see a drop in home prices duri | | By: Frisco Texas Living | | |
| | Southern California home prices are now 19% below their peak last year | | 2008-03-15 13:16:00 | | Property records show that foreclosures are growing as a proportion of the home sales market. About one-third of Southern California homes sold in February had been foreclosed since January 2007, up from 3.5% of sales a year earlier, according to La Jolla-based research firm DataQuick Information Systems.DataQuick said the median price for a Southern California home last month was $408,000, down 17.6% from a year earlier and 19.2%, on average, from peaks reached last year. The median price is the price at which half of all homes sold for more and half for less.
| | By: California Real Estate News | | |
| | The Manhattan real estate market is bucking the national trend in home prices | | 2008-03-08 03:53:00 | | In the fourth quarter of 2007, the latest data available, the median sale price for Manhattan coops and condos increased 6.4% compared with that period the year earlier, according to Mr. Miller. The luxury apartments that make up the top 10% of the market, or those priced at more than $2.8 million, increased 28.4% over the same period. Median prices are more accurate indicators than average prices, as they exclude outlier data, such as the ultra-luxury apartments at 15 Central Park West and the Plaza, which skew average prices upward.In other New York economic news, the office market slowed in January, with the vacancy rate increasing slightly, to 7.6%, while asking rates were similar to the fourth quarter of 2007, according to the Fed.
| | By: NY real estate news | | |
| | London Luxury Home Prices Rise at Slower Monthly Pace | | 2008-03-05 14:54:00 | | March 4 (Bloomberg) -- Luxury-home prices in London, the world's most expensive city for prime real estate, rose in February at the slowest rate in four months as the prospect of smaller bonuses at financial firms deterred some buyers.The average price of houses and apartments costing more than 2 million pounds ($4 million) climbed 0.6 percent from January, Knight Frank LLC said today in a statement. The annual increase was about 24 percent, the smallest since September 2006.``Uncertainty continues to circle around the financial markets on which London's prime market relies,'' said Liam Bailey, head of residential research at Knight Frank.
| | By: London real estate news | | |
| | Existing Home Sales and Home Prices Drop | | 2008-03-04 11:22:43 | | The National Association of Realtors (NAR) announced that existing home sales - including single-family, townhomes, condominiums and co-ops - decreased 0.4% in January, when compared to the previous month's sales. According to the report, January was the slowest month for... | | By: Try Consulting | | |
| | Canadian home prices doubled in past 10 years | | 2008-02-25 02:29:00 | | The number of homes sold nationally rose over 57 percent to more than 500,000 last year from 331,092 in 1997."Never before have we seen such a continuous run up in Canadian real estate," Michael Polzler, an executive vice-president at Re/Max, said in a statement.Low interest rates, a robust job market, and strong consumer confidence were all credited as drivers. Immigration and domestic migration to tap Western Canada's booming economy also helped lift demand, the report said.
| | By: Canada Real Estate News | | |
| | Houston-area market sees a decline in home prices and sales | | 2008-02-20 03:56:00 | | Experts linked the slowdown to a tightening in subprime lending, combined with consumer jitters about a possible recession, an uncertain presidential election and a national real estate crisis.Some would-be home buyers are "taking a bit of a wait-and-see approach," said Mike Gray of Exit Complete Realty. "They think they may get a better deal or that rates are going to go lower."Single-family home sales in the Houston area fell 12 percent last month compared with a year earlier, the Houston Association of Realtors reported Tuesday. Realtors sold 3,620 homes through the Multiple Listing Service.
| | By: Houston Real Estate News | | |
| | London's high home prices take mortgage crisis hit | | 2007-12-22 13:52:00 | | LONDON — Once upon a time, a former storage room the size of a walk-in closet went on the market in London's exclusive Knightsbridge neighborhood for $335,000. With only 77 square feet and no electricity, the dilapidated "home" drew multiple offers.Those were the heady days of a year ago, when property sellers and their agents could pretty much name their price.But now, home prices are slumping and fears of a recession in Britain next year are rising.
| | By: London real estate news | | |
| | Realtors attribute dip in detached-home prices to seasonal slump | | 2007-12-08 00:42:00 | | The latest housing market statistics show the average Fraser Valley house price has declined for the second month in a row, reaching $511,176 in November.That price is the lowest for detached homes since March, reported the Fraser Valley Real Estate Board.Realtors look at the shift as nothing more than a seasonal slump, and economists are uncomfortable calling it a price trend other than to say it follows evidence of the market slipping into equilibrium.
| | By: Canada Real Estate News | | |
| | Home prices fall below $300,000 mark | | 2007-11-28 01:08:00 | | Hopes that 2008 will bring a rebound in the Bay State’s battered real estate market are fading, with new numbers showing another big drop in home sales and prices.Massachusetts single-family home sales plunged last month by 17.1 percent, the Warren Group reported.And median home prices also fell beneath the $300,000 mark for the first time since March 2004. The state’s median home price in October was $290,000, a 6.5 percent decrease.
| | By: Boston real estate news | | |
| | U.K. Home Prices Fall; Sellers Told to Ask for Less | | 2007-11-20 01:55:00 | | Nov. 19 (Bloomberg) -- U.K. home values dropped this month in every part of the country except London and sellers shouldn't hesitate to reduce prices further because a more protracted slowdown is on the way, Rightmove Plc said.The average asking price dropped 0.7 percent to 239,986 pounds ($491,000) from October, Britain's most-used property Web site said in a statement today. From a year earlier, the cost of a home rose 7.9 percent, the least in 17 months. Rightmove conducted its survey from Oct. 7 to Nov. 10.
| | By: London real estate news | | |
| | London Luxury-Home Prices Increased at Slower Pace in October | | 2007-11-05 01:37:00 | | Nov. 5 (Bloomberg) -- Luxury-home prices in London rose last month at the slowest pace since July 2005 as the prospect of job cuts and smaller bonuses deterred investment bankers and other buyers, Knight Frank LLC said.The average price of houses and apartments costing at least 2.5 million pounds ($5.2 million) increased 0.3 percent in October from the previous month, according to an index compiled by the London-based property broker. Prices gained about 34 percent from a year earlier.
| | By: London real estate news | | |
| | U.K. Home Prices, Loans Fall, Signaling Cooling Boom | | 2007-11-01 12:19:00 | | U.K. house prices fell for the first time in two years in October, and mortgage approvals dropped to a 26-month low, signs the country's decade-long housing boom is coming to an end.The average cost of a home in England and Wales dropped 0.1 percent to 176,100 pounds ($361,462) from September, research group Hometrack Ltd. said today. Central London led the declines. Separately, the Bank of England said banks granted 102,000 loans for house purchase in September, the fewest since July 2005.
| | By: London real estate news | | |
| | Toronto resale home prices scale new heights | | 2007-09-30 06:46:00 | | In the east Toronto neighbourhood of Riverdale, a former working-class enclave spotted with Victorian homes, a standard two-storey house could be purchased for about $340,000 in the third quarter of last year. This year, it's $500,000, a dramatic 47 per cent increase, according to a survey by Royal Lepage Real Estate Services released yesterday. The quarterly study reveals some of the steepest price jumps in recent memory, particularly in older neighbourhoods that are not necessarily the most prestigious, but are established and welcoming to buyers looking to settle with young families.
| | By: Canada Real Estate News | | |
| | Home prices in Massachusetts fell for the 15th straight month | | 2007-08-22 20:30:00 | | The median price for a single-family home has dropped 4.6 percent, to $323,000, since July 2006, Warren Group, a Boston real estate and publishing firm, said yesterday. July's sales volume increased 1.5 percent from a year ago, but analysts said it was a short-term rise brought on by a surge of parents buying homes prior to the new school year in September. The median price for a condominium rose less than 1 percent, to $280,000,"People who are ready, willing, and able to buy a house can't do it because they can't find a mortgage," said Timothy Warren Jr., Warren Group's chief executive. "That's got to be bad."
| | By: Boston real estate news | | |
| | HOME PRICES CONTINUE STEEP CLIMB THROUGHOUT | | 2007-07-31 23:50:00 | | Condominium and co-op prices rose 8 percent in citywide sales for the second quarter of 2007, according to a report by the Real Estate Board of New York. Unsurprisingly, Manhattan came in first with a $1.2 million average apartment sales price – up from $1.14 million last year – while Brooklyn was a distant second at $484,000, up from $443,000. Meanwhile, the median sales price for city apartments climbed 16 percent to $525,000. The average price per square foot for a Manhattan apartment increased 5 percent to $1,083, while Brooklyn and Queens came in second and third at $524 and $357. “The report clearly demonstrates that, while everyone knows the Manhattan market continues to be strong, the boroughs outside Manhattan are bucking the trend in the rest of the country and seeing solid increases in home prices.
| | By: NY real estate news | | |
| | Home Prices Expect to Recover in 2008 As Inventories Decline | | 2007-07-24 23:11:16 | | WASHINGTON, July 11, 2007 -
Home prices are expected to recover in 2008 with existing-home sales picking up late this year and new-home sales rising early next year, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR senior economist, said a good buyers’ market has evolved. “Buyers now have an overwhelming [...] | | By: Maxsell Real Estate | | |
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