Tuesday, May 10, 2011

Housing Market Bottom: Still Underwater

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May 10, 2011 11:32AM

Housing Market Bottom: Still Underwater

Home prices fell faster in the first quarter of this year than at any time since the worst of the housing crisis according to the Real Estate Market Report released by Zillow. The Seattle firm's Home Value Index fell to $169,000, down 3 percent compared to the fourth quarter of 2009, the largest quarter-over-quarter decline since the fourth quarter of 2008, and 8.2 percent compared to the first quarter of 2010 . The company now predicts that the market will not reach bottom until 2012 at the earliest...

May 10, 2011 9:58AM

HAMP Conversions Up. Largest Payment Cuts Yield Best Results

The April edition of the Housing Scorecard has been issued by Treasury and the Department of Housing and Urban Development (HUD). It showed "continued mixed signals and some signs of weakness in the market - despite growing evidence of progress in the broader economy," according to Assistant HUD Secretary Raphael Bostic. The Obama Administration's monthly housing scorecard recaps data from a number of reports issued earlier by both public and private sources such as the U.S. Census, S&P Case...


Micro News

4:08 PM:

10 Yr Treasury Auction Headlines Tomorrow

3:13 PM:

Additional Reprice Risk. MBS Hit New Lows

12:48 PM:

Lacker: even modest recovery can be inflationary

10:55 AM:

White House takes dim view of Boehner debt plan

10:40 AM:

Originator Dream Job: MND Feedback Request

10:35 AM:

Reports of Mortgage Fraud Reach Record Level

10:28 AM:

Fed's Duke: job scarcity weighs on housing market

10:27 AM:

March wholesale inventories rise, sales surge

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Today's Comments

Matthew Graham

"CURRENT GUIDANCE: The risk-heavy portion of the week is underway and the "short term pull back from recent strength" seen today continues to..."

Ricardo  Cobos

"I am very glad to see that Raleigh - Cary - Durham North Carolina did not make the list. In fact here in Raleigh North Carolina it IS NOT a Buyers Market..."

Bill  George

"A significant portion of the shadow inventory is being held off the market, so I don't believe it will provide a significant solution for the rental..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

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Today's Forum Discussions

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Jaclyn Emma

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George Marentis

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