Jul 26th 2011 11:00AM
WASHINGTON -- Fewer people bought new homes in June, evidence that the housing market remains weak. Sales of new homes fell 1 percent last month to an annual rate of 312,000, the Commerce Department said Tuesday. That's less than half the 700,000 homes sold per year that economists say is typical in healthy markets. Last... Continue Reading »
Sep 28th 2010 4:47PM
Here's the good news from Standard & Poor's about home prices: "I think this is a buying opportunity," says David Wyss, S&P's chief economist, "for most people buying a house that they actually intend to live in." And here's the bad news: Wyss' advice comes with some big warnings. Beware of buying a home in an... Continue Reading »
Aug 31st 2010 5:34PM
National housing prices showed modest increases in 17 cities tracked by The Standard & Poor's/Case-Shiller 20-city home price index, according to its Tuesday news release. A look at the top 20 markets shows that home prices in Chicago, Detroit and Minneapolis rose by 2.5 percent in June, just ahead of the 1 percent... Continue Reading »
Apr 28th 2010 5:05PM
Once again, the news from the latest Case Shiller Home Price Index is all over the map. Home prices are up for the year! Home prices are down for February! Seasonally-adjusted home prices are up! Here's what's really going on: Standard & Poor's Case Shiller Index has been flat since last fall. Over the last three... Continue Reading »
