From the monthly archives:

September 2009

It's Time To Call A Housing Bottom

September 30, 2009
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The Case Shiller Home Price has risen for the past three months. In fact, it rose at a 15% annual rate over the past three months, and the August value of the index was higher than it was last February. In real terms, the index has fallen almost 35% from its peak, and is back […]

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$15,000 Tax Credit Is Too Rich, So How About A $10,000 Tax Credit For All Home Buyers?

September 30, 2009
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It looks like the $15,000 tax credit for all home buyers, even millionaires, is dead in the water. But don’t count Sen. Johnny Isakson (R-GA) out just yet. In a phone call this morning, he laid out plans for a $10,000 tax credit for all home buyers, one that removes the income cap and allows […]

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Officials: Fed Will Need To Boost Rates Quickly

September 30, 2009
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To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday. “I expect that when it comes time to tighten monetary policy, my colleagues and I will move with an alacrity that, if needed, will […]

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Home Prices Gain For 3rd Straight Month

September 29, 2009
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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. Prices for the S&P Case-Shiller Home Price index of 20 cities rose 1.6% from a month earlier, the third consecutive month of gains. They went up 1.4% in June. Prices were […]

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Home Prices In U.S. Probably Fell At Slower Pace, Confidence Up

September 29, 2009
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Home values in 20 U.S. metropolitan areas probably declined at a slower pace and consumer confidence improved, signs the recession is abating as the real-estate crisis eases, economists said before reports today. The S&P/Case-Shiller home-price index fell 14.2 percent in July from a year earlier, the least in 17 months, according to the median forecast […]

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What Boomers – And Others Want In A Home

September 29, 2009
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A story about designing homes for “aging” baby boomers in Nation’s Building News detailed some the housing features we aging boomers crave, based on a National Association of Home Builders survey. We want smaller homes that are easier to take care of. The preferred size of those surveyed is 1,903 square feet. And, though there […]

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Real Estate Marketing Continuing To Rebound

September 28, 2009
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Existing home sales continue to make progress in light of poor overall real estate conditions. According to the National Association of Realtors, sales were down 2.7 percent in August, but this was still highlighted as a 3.4 percent increase over figures achieved in August 2008. Last month, 5.1 million homes were sold nationwide, down from […]

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Downsizing: Today's Home Buyers Are Thinking Small

September 28, 2009
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During the real estate boom, new home construction became a game of ever increasing square-footage. That had a certain logic to it: If you saw your house as an investment to make you rich, bigger could only mean better, right? Now that the economy has unfurled and people are realizing that prices don’t always go […]

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Where Real Estate Seems To Be Hitting Bottom

September 28, 2009
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There’s more to indicate that the housing recession has hit bottom than Thursday’s dual announcements that housing starts rose 1.5 percent from July, and new jobless claims dropped by 12,000 last week. Homeowners looking to sell are also putting the brakes on the trend of aggressive price cuts, indicating that the real estate market may […]

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Homes: Sell At A Loss, Buy At A Discount

September 28, 2009
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The month Jennifer Galdes moved into her condo in the Albany Park section of Chicago, the local paper suggested that the area was up and coming. Six years later, she’s still waiting for a Whole Foods. Galdes, a self-employed publicist, longs to trade up to a similar-size (2,000-square-foot) apartment in a tonier neighborhood. With area […]

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