… stronger appreciation in October than September! Phoenix Homes Appreciation Increases in October Greater Phoenix home prices appreciated 1.3% between September and October compared to appreciation of 0.8%, 1.6%, 1.8% and 1.1% in the previous 4 months, according to my analysis of Case-Shiller data. Well, 1.3% appreciation in one month is very large and we’ve [...]
All 124 zip code real estate charts available in the right-hand column have now been updated through NOVEMBER 2009 with the number of home sales, the median home price and the median home price per square foot. Video Comments – Phoenix median home prices by zip code through November 2009 Phoenix home PRICE trends – [...]
From the East Valley Tribune; Former homeowners who did a cash-out refinance on their home when values skyrocketed are particularly vulnerable to higher tax liabilities in the aftermath of a short-sale, Underwood said. “For example, if somebody bought a house for $200,000 and then … when values shot up, they took $100,000 back out so [...]
Calculated Risk says, “House prices are now falling again – and this will show up in the Case-Shiller index soon” and “This is probably the end of the ‘good’ housing news for a while.” I should go over to The Cromford Report and see if our local data is showing weaker prices. The data I’ve [...]
Well, the Wall Street Journal (subscription) reports that mortgage insurers are easing their down payment standards in some cities. I expect (hope) to see the same in metro Phoenix by this time next year. Some mortgage insurers and lenders are beginning to relax their down-payment requirements, in a sign of increased confidence in the housing [...]
(“MLS Listings” are measured at one point in time, usually the 15th day of the current month. “Median Price” of homes sold and the total number of home “MLS Sales” are for the entire preceding month.) Price (green line) After increasing amazingly strongly from $118,000 in April to $135,500 in September, the median price in [...]
Carl Guntermann at ASU uses a modified Case-Shiller statistical technique to look at home price appreciation within metropolitan Phoenix. Case-Shiller only look a home price appreciation in metropolitan Phoenix as a whole. Click on Graph
Dr. Jay Butler of Realty Studies at Arizona State University came out with his Phoenix area residential real estate sales and median price numbers for November 2009. Greater Phoenix – Median Home Price (Single-family resale homes. Excludes repossessions but includes sales by banks after they repossess. ASU calls these “Traditional Sales”) November 2009: $143,000 November [...]
How the U.S. Department of Treasury came up with the “$700 billion” in the $700 billion TARP bailout. “Seven hundred billion was a number out of the air,” Kashkari recalls, wheeling toward the hex nuts and the bolts. “It was a political calculus. I said, ‘We don’t know how much is enough. We need as [...]
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