Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.
The bleeding in the housing market seems to be stanched, at least temporarily, according to home price data released on Tuesday.
Home prices rose for the fourth month in a row during August and suffered a smaller-than-expected annual drop, according to a report issued Tuesday.
If you're a beef-eating, beer-guzzling, pick-up driving resident of heartland America, there's a good chance you escaped the housing bust. But pesto-chomping, chardonnay-sipping, hybrid-driving city-slickers were probably out of luck.
If you thought home prices were bottoming out, you may be wrong. They're expected to head a lot lower.
There was another tick-up in home prices in July, a further indication that housing markets may be stabilizing, according to a report issued Tuesday.
National home prices may be on the road to recovery.
It's noon in New Haven, and Yale economist Robert Shiller and I are leaving his office to walk down the block for pizza. It was a damp morning, but now the sun is breaking through the clouds. "Do we need an umbrella?" he asks. I say I don't think so. But a few steps outside his office, he turns around to get one. "It's better to be safe," he says.
Home prices continued to tumble in April, falling 18.1% from a year earlier -- but the change from March narrowed sharply, indicating that housing markets may be starting to turn.
The seeds of a housing recovery have already been planted, according to a report released Monday. In fact, many of them were sown starting around 1979.
Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.
The bleeding in the housing market seems to be stanched, at least temporarily, according to home price data released on Tuesday.
Home prices rose for the fourth month in a row during August and suffered a smaller-than-expected annual drop, according to a report issued Tuesday.
If you're a beef-eating, beer-guzzling, pick-up driving resident of heartland America, there's a good chance you escaped the housing bust. But pesto-chomping, chardonnay-sipping, hybrid-driving city-slickers were probably out of luck.
If you thought home prices were bottoming out, you may be wrong. They're expected to head a lot lower.
There was another tick-up in home prices in July, a further indication that housing markets may be stabilizing, according to a report issued Tuesday.
National home prices may be on the road to recovery.
It's noon in New Haven, and Yale economist Robert Shiller and I are leaving his office to walk down the block for pizza. It was a damp morning, but now the sun is breaking through the clouds. "Do we need an umbrella?" he asks. I say I don't think so. But a few steps outside his office, he turns around to get one. "It's better to be safe," he says.
Home prices continued to tumble in April, falling 18.1% from a year earlier -- but the change from March narrowed sharply, indicating that housing markets may be starting to turn.
The seeds of a housing recovery have already been planted, according to a report released Monday. In fact, many of them were sown starting around 1979.
Your home value has sunk like a stone, and you're so far underwater you'll have to hold your breath for years. Can you at least get a break on your property taxes?
Is the U.S. housing market approaching bottom? The rate of decline in U.S. house prices moderated in February. Prices fell 2.1%, according to the Case-Shiller composite index of ten cities.
The weak housing market continued to plague home sellers in February as home prices extended their losing streak to 31 consecutive months, according to a report issued Tuesday.
Housing prices in 20 major cities fell at record monthly and annual levels in January, according to a private report issued Tuesday, with prices down 2.8% from December and 19% from a year earlier.
Crashing home prices have led to the most affordable housing market in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday.
Home prices declined at a record pace around the nation in the final three months of 2008, according to an industry report released Tuesday.
What a turnaround for the American Dream!
President Obama unveiled a $75 billion multi-pronged plan Wednesday that seeks to help up to 9 million borrowers suffering from falling home prices and unaffordable monthly payments.
An index of home prices in 20 major metropolitan areas fell at a record annual pace in November, to levels not seen since 2004, according to a report released Tuesday.
Home prices continued to plunge in November, according to a new government report released Thursday.
U.S. foreclosure filings spiked by more than 81% in 2008, a record, according to a report released Thursday, and they're up 225% compared with 2006.
If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you've postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task.
The United States is suffering the worst financial crisis since the Great Depression. The nation's reliance on the rest of the world to support its rampant spending is increasing and across the nation Americans are losing their jobs.
National U.S. home prices fell a record 15.4% in the second quarter compared with last year, according to a report released Tuesday.
Mold, maggots and piles of festering trash - no wonder home prices are in freefall.
U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time
Declining home prices across the nation are bringing valuations - the difference between what a home should cost and its actual price - back to pre-bubble levels, according to a survey released Monday.
The wave of foreclosures sweeping the nation is driven in part by a nearly unprecedented decline in home prices and require a concerted government and private-sector response, Ben Bernanke, chairman of the Federal Reserve, said Monday.
Home prices have posted another record decline, as most of the nation's largest markets suffered double-digit drops over last year, a survey released Tuesday shows.
Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
If there is any word that captures the mood in the economy right now, it's uncertainty, along with shadings of bafflement and distrust. We have never seen a credit crisis quite like this. What's next?
It may be the best time to buy a house in more than four years.
Interest rates are headed lower. But how low can they go?
Former Federal Reserve Chairman Alan Greenspan in a commentary published Wednesday argues that Fed policy under his leadership was not the cause of the housing bubble that precipitated the current crisis in financial credit markets, as some have charged.
If home prices fall as forecast, the $23 trillion housing market could lose $3 trillion in value by August 2008, a leading housing economist and former mortgage bank president told lawmakers on Wednesday.
Home values and housing sales will take an even bigger hit than previously forecast and will not recover to their earlier levels throughout all of 2008, at least, according to the latest economic outlook from the National Association of Realtors released Tuesday.
The median price for a single-family home sold during the three months ended June 30 fell to $223,800, 1.5 percent below the price a year ago.
Most Americans still believe their homes are worth more than they were a year ago, although the fraction who now think their home is losing value has more than doubled compared to a year ago, according to a survey released Monday.
Most industry watchers agree that home prices will continue to slide before they recover, but now some economists say they've got a long way to fall before bouncing back.
Home prices are expected to finish down for the year, the National Association of Realtors (NAR) said Tuesday, which would mark the first drop since the group started tracking values in 1968.
Larry and Tammy Curell are learning the meaning of Surprise, Ariz. The Curells had hoped to move to a bigger house in the fall. But nine months after putting their newly built four-bedroom on the m...
The real estate slump could get worse before it gets better. But these 10 markets offer great opportunities for those who have the patience to buy and hold.
The economy appears thriving away from home, or more precisely, away from homes.
The real estate slump could get worse before it gets better. Business 2.0 Magazine, in its November 2006 issue, identifies 10 markets that offer great opportunities for those who have the patience to buy and hold.
American families are paying an increasingly large portion of their incomes for housing, putting a squeeze on household budgets, according to a survey published Tuesday by the Census Bureau.
Faced with higher mortgage rates and deteriorating housing markets, more Americans are having trouble paying off their mortgages this year, according to the latest quarterly report on delinquencies from the Mortgage Bankers Association released Wednesday.
Home sales slumped more than expected in July, according to a trade group reading that showed the biggest supply of homes for sale in 13 years, coupled with weak prices.
Home sales are slowing. Condo prices are slipping. Sellers can't get their asking prices. And real estate bulls, including Columbia University economics professor Christopher Mayer, who not long ag...
You don't need to be in the market to buy or sell a home to be affected by the cooling housing market.
Energy costs. Interest rates. Home prices. Sure, the year ahead poses challenges. But it also holds great opportunity--if you know where to look. What follows is a two-part user's guide to a prospe...
The pace of home sales was unchanged in September, according to an industry trade group report Tuesday that showed real estate market strength continuing to top Wall Street expectations.
In the early 1960s, back when the St. Joe Co. was still in the business of growing Florida pines, not developing Florida real estate, legend has it that a Hollywood movie mogul by the name of Walt ...
Federal Reserve Chairman Alan Greenspan issued a veiled warning Friday on the risks to the economy from trade and budget deficits -- as well as the recent run-up in home prices.
Way back in 2000, Debbie Daly and her husband had no inkling that paying $402,000 for a four-bedroom ranch house would turn out to be a jackpot move. But their timing proved flawless. Within four y...
Existing home sales hit a new record in June in an industry report out Monday, as the real estate market remains hotter than Wall Street expectations, sending housing prices to their biggest increase in 25 years.
You can imagine it: a white house, a picket fence, a brick walkway to a green front door, and a beautiful foyer. Backyard barbecues, a two-car garage, and a living room with plenty of space for your surround-sound theater.
Think we're sitting on top of a real estate bubble just waiting to go pop? You aren't alone. About 42% of MONEY subscribers agree that home prices have risen too high, too fast, according to an Apr...
As U.S. housing prices continue to creep higher, more and more of them are enjoying the elite status of a million-dollar home, according to a government report released Tuesday.
Will low mortgage rates remain around long enough to keep housing prices inflated?
The number of U.S. metropolitan areas experiencing booms in real estate prices spiked 72 percent in 2004, according to a report from the Federal Deposit Insurance Corporation (FDIC).
Sales of existing homes grew in March, according to an report from a real estate group, as the measure of the market's strength topped forecasts.
Dear Armchair Millionaire: Home prices in my area are rising fast and I want to get into a house of my own while I can still hope to afford it. I think that getting the largest mortgage possible now will pay off down the road because a more expensive house will have the biggest increase in value. What do you think?
Is the real estate market a dangerously overvalued bubble that needs to pop sooner than later, or is the market for homes strong enough that prices can and will keep rising?
No one's really sure if the nation's housing market is a bubble at risk of bursting, or fairly priced with more upside ahead.
NEW YORK (MONEY Magazine) - Yale University economist Robert Shiller made one of the great calls in stock market history. His book "Irrational Exuberance" hit the shelves in March 2000, the same month the tech-stock bubble struck a sharp pin.
AS WE GREET THE NEW YEAR, LET'S THINK CLEARLY about one of America's most popular and least realistic New Year's resolutions: to get out of debt.
SALEM, Ore. (CNN/Money) - The dream of owning property, and making a serious profit selling it, isn't unique to America.
Hurricane Charley did a prime number on Florida's Sanibel Island, toppling phone poles, ripping roofs off beachfront homes and uprooting stately palms and Australian pines that canopied the resort'...
Ed Yardeni was among the first Wall Street strategists to argue after the 2000 stock market crash that real estate would be the next big thing. Low interest rates, a weak dollar, tax cuts, immigrat...
Maybe this is the most ominous sign of trouble ahead in the real estate market: The Kiwanians have gotten into condos.
In his 2000 bestseller, Irrational Exuberance, Robert Shiller argued that Americans had become overly obsessed with the stock market. Now the Yale economics professor sees signs of a similar obsess...
BEND, Ore. (CNN/Money) - If you thought the housing boom had to slow down, think again.
BEND, Ore. (CNN/Money) - If you're like most Americans, much your net worth is tied up in a single, illiquid asset - your house.
and the subsequent cooling off of the market -- for more than a year.
For now, mortgage rates are still near historically low levels. But more and more, economists are beginning to worry about a resurgence in inflation and thus rates. That, of course, would remove one of the key underpinnings of the recent boom in real estate.
When it comes to real estate, there's one topic on everybody's mind these days: interest rates. Real estate has been unstoppable in recent years, thanks in no small part to ultracheap mortgages. Bu...
Bend, Ore. (CNN/Money) - People are heading to Las Vegas with hope of hitting the jackpot. They're not on the Strip, but in housing developments in and around the city.
BEND, Ore. (CNN/Money) - The market for rental housing in many parts of the country is gasping for air.
BEND, Ore. (CNN/Money) -With home prices as high as they are and interest rates creeping up, you might be seconding-guessing your decision to buy a house now.
If you own a home, it's probably safe to assume its value has gone up these past few years.
Worried about a housing bubble in your hometown? Well, just think how Los Angelenos must feel. Los Angeles and its environs are coming off back-to-back years of 20% to 30% increases in home prices....
Worried about a housing bubble in your hometown? Well, just think how Los Angelenos must feel. Los Angeles and its environs are coming off back-to-back years of 20 to 30 percent increases in home prices.
BEND, Ore. (CNN/Money) - The market for rental housing in many parts of the country is gasping for air.
Given this volatile market and the economy's sensitivity to world events, my wife and I are wondering if we should pay off our home mortgage with our current mutual fund investments or continue to invest in funds? We are both 38 years old and we have one child.
For now, mortgage rates are still near historically low levels.
Among the eight largest metro regions tracked by real estate research firm Fiserv CSW, zip codes in and around Los Angeles and Boston saw home values increase the most between 1998 and 2003.
Jack Torza has been selling houses for 29 years, and he's never been more optimistic. Subdivisions are going up all over his territory in Hanover, Va., a leafy suburb of Richmond. Properties usuall...
IN OUR 16TH SURVEY OF AMERICA'S TOP TOWNS WE LOOK AT 10 BIG CITIES WHERE PEOPLE ARE MOVING AND REAL ESTATE IS BOOMING, AND FIND THE BEST NEIGHBORHOODS AND SUBURBS FOR LASTING VALUE, QUALITY OF LIFE...
THE STOCK MARKET'S STUCK IN THE BASEMENT. NO WONDER HOME IS WHERE OUR HEARTS (AND WALLETS) ARE THESE DAYS. WE'RE POURING MORE AND MORE OF OUR NET WORTH INTO HOUSING--AND TAKING MORE AND MORE OUT, T...
Bubble, bubble, toil and trouble." Okay, so I'm taking liberties with Shakespeare. But in the financial markets, as in Macbeth, talk of bubbles means that someone's up to no good.
In these turbulent times, it's a relief to ponder the things you really can count on. The recently departed, love-'em-or-hate-'em New York Yankees will roll into the playoffs again next season. Our...
The signs of recovery are so obvious that only an Olympics figure-skating judge could miss them. The manufacturing sector rebounded in February after an 18-month-long tailspin. Activity in the all-...
With their open-necked oxford shirts, plaid sports coats and slightly rumpled air--and their ability to recall factoids like the 1987 gross domestic product and a tendency to say things like, "Actu...
The National Association of Realtors predicts home prices will rise 4.5% next year, and a recent survey of appraisers by the Chicago-based Appraisal Institute concludes that home values will go up ...
It's primal, traditional, part of an American's birthright -- ownership of a home whose value appreciates forever. Yet if there was one support beam * undergirding the American standard of living t...
If you're ticked because home values have dropped in your area in recent years, lighten up. Unless you bought close to a market peak, you'll probably come out ahead. Because of leverage, it doesn't...
If you're looking to buy a home, give the housing market a cheer. If you're selling, give it two cheers. Home prices have been rising modestly, about 3% to 4% during the past year, and they're like...
Dear Mr. Statistics: I reside richly in idyllic Palm Springs, California, a locale where a fellow is supposed to have no worries except about possibly getting beaned by a golf ball. But lately the ...
Trying to figure out whether your home's value is about to rise or fall can be devilishly confusing these days. First, the National Association of Realtors suggested that boom times were back, repo...
Good-bye, subterranean homesick blues. A nationwide poll of 300 MONEY subscribers conducted by the Gallup Organization in March shows that people have become far more upbeat about the path of home ...
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