Delinquent mortgages are at their lowest level since 2008. Fewer than 5,000,000 loans are between 30 days past due and foreclosure.
–from Calculated Risk
Archive for the ‘Housing’ Category
Percent of Urban Housing Built Before 1940
February 20, 2013
These fascinating graphs show the huge difference in the amount of housing built before 1940. Boston is the leader with 35.4% of the city built before 1940, while Las Vegas is the newest city, with only .3% old housing. Considering Philadelphia is one of the oldest US cities, it’s position below younger cities like Pittsburgh and Chicago is a bit of a surprise.
–From NewGeography.com
Housing Slowly Coming Back
November 21, 2012
Housing slowly making its way back in this chart and summary from The Economist.
Twenty-City Home Price Index Up 2% over Last Year
October 31, 2012
The Case-Shiller home price indices increased for the third straight month. The 10-city index increased 1.37 to 158.62 and the 20-city index increased 1.27 to 145.87. Compared to last year, the 10-city is up 1.3% and the 20-city rose 2%. The largest point gains were in Los Angeles (up 2.21 to 173.02), Washington DC (up 2.07 to 194), and Phoenix (up 2.06 to 119.28). The largest relative increase was in Detroit, which gained 1.76 points to 79.18, an increase of 2.3%. Seattle was the only market to decline in August, losing .09 points and dropping to 141.69
For more information, see our housing report.
Household Growth is Up, Will Housing Starts Follow?
October 24, 2012
Growth in households, which includes any group of people living together, is a clear indicator of housing starts. At the far right of the graph new household formation has increased enormously since 2011, and this points to a potential rise in housing starts. Slight murmurs of this trend have appeared in the home price index series, which has risen in nearly all markets the past few months after years of stagnation. The Atlantic attributes this growth to a release of Millennials from their parent’s homes and out into the market, which is a likely result of an improving job market. This will in turn raise rents, as there are more bidders, and then promote increased building activity.
–From The Atlantic and Business Insider
A Bullish Housing Indicator?
October 17, 2012
From Business Insider, homebuilders confidence grows.
Housing Bubble 2000-2010
October 16, 2012
Which state appears to have seen its housing prices decline from 2000 to 2010? Same state that is home to the city that is up 2 to 0 in the ALCS. From Catherine Mulbrandon.
Vancouver Home Sales Down 30% in One Year
October 12, 2012
Residential home sales in Vancouver dropped to 1,516 sold units this past month, a decrease of 32.5% since last September. Prices, interestingly, have not yet fallen (down only .8% from last year), but a market correction cannot be far away. The Canadian government discontinued 30-year amortized mortgages three months ago and the markets are showing the first real signs of struggle. It seems that Vancouver, far and away the hottest Canadian real estate market, is showing signs of trouble ahead.
–From The Globe and Mail and Canadian Mortgages Inc.
US Housing Index Up in All Markets for Second Month
September 25, 2012
The Case-Shiller home price index increased in all markets in July for the second straight month. The 10-city index increased 2.36 to 157.3 and the 20-city index increased 2.27 to 144.61. Compared to last year, the 10-city is up .6% and the 20-city rose 1.2%. The largest point gains were in Minneapolis (up 4.38 to 123.17), Chicago (up 3.09 to 116.7), and Miami (up 3.08 to 148.7). The largest relative increases were Minneapolis (up 3.7%), Detroit (up 3.3%), and Atlanta (up 2.6%).
For more information, see our housing report.
–From Case-Shiller and The St. Louis Federal Reserve
Home Price Index Increased in Every Market
August 29, 2012
The home price index increased in every market in June. The 10-city increased 3.3 points to 155.02 while the 20-city rose 3.24 to 142.21. This positive turn in the housing market also caused the 10-city and 20-city indices to have a 1-year increase for the first time since September 2010.
For more information on the upturn in housing, see our housing report.
–From Case-Shiller and The St. Louis Federal Reserve
