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The inventory shortage apparently is helping push up prices following the worst housing slump since the Great Depression, Yun said. The national median price for a home resale rose to $182,600 in May, according to NAR. That's 7.9 percent higher than the same month one year ago, and the highest since June 2010. The last time the American housing market posted three consecutive monthly price increases, year over year, was March to May of 2006.
A report Thursday by the the Federal Housing Finance Agency also showed that U.S. home prices rose 0.8 percent in April from March in a sign of property-market stabilization, agency analysts contend.
Nationally, total housing inventory at the end of May dropped 0.4 percent to 2.49 million existing homes available for sale, NAR reported. That represents a 6.6-month supply of available homes at the current sales pace. In April, there was a 6.5-month supply.
Across the country, listed inventory is 20.4 percent lower than a year ago at this time, when a 9.1-month supply existed. Compare that to the peak of the market in July 2007 when unsold inventory hit a record of 4.04 million homes.
Housing market recovery on track, despite bumps - Economy Watch
If it were true (it's not) but if it were true that a housing recovery WERE under way, that would be good news for Republicans. Republicans actually LIKE America.
The fact that Chrissy's bullshit OP is based on fantasy only serves to undermine his credibility.
Why, Chrissy would have less than no cred at all if he hadn't successfully and ever-so-accurately PREDICTED the recall of Gov. Walker.
If it were true (it's not) but if it were true that a housing recovery WERE under way, that would be good news for Republicans. Republicans actually LIKE America.
The fact that Chrissy's bullshit OP is based on fantasy only serves to undermine his credibility.
Why, Chrissy would have less than no cred at all if he hadn't successfully and ever-so-accurately PREDICTED the recall of Gov. Walker.
The facts have been posted here.
The fact that you won't admit you are wrong, shows how weak you are.
If it were true (it's not) but if it were true that a housing recovery WERE under way, that would be good news for Republicans. Republicans actually LIKE America.
The fact that Chrissy's bullshit OP is based on fantasy only serves to undermine his credibility.
Why, Chrissy would have less than no cred at all if he hadn't successfully and ever-so-accurately PREDICTED the recall of Gov. Walker.
The facts have been posted here.
The fact that you won't admit you are wrong, shows how weak you are.
You post no facts. Ever.
You share speculation and hocus pocus bullshit divorced from reality.
Reality includes shit that happened today, for example, and the likely effect it will have on the economy -- and on housing.
If you can't pick up on the nature of the crisis we are in, you are truly too dumb to breathe.
Look in the mirror, you asshole, if you want to see weak. You got it. Down to a "t."
The facts have been posted here.
The fact that you won't admit you are wrong, shows how weak you are.
You post no facts. Ever.
You share speculation and hocus pocus bullshit divorced from reality.
Reality includes shit that happened today, for example, and the likely effect it will have on the economy -- and on housing.
If you can't pick up on the nature of the crisis we are in, you are truly too dumb to breathe.
Look in the mirror, you asshole, if you want to see weak. You got it. Down to a "t."
Sorry Pluto, but Delta House is no more.
You have been busted.
It's time someone put their foot down, and that foot is me.
You post no facts. Ever.
You share speculation and hocus pocus bullshit divorced from reality.
Reality includes shit that happened today, for example, and the likely effect it will have on the economy -- and on housing.
If you can't pick up on the nature of the crisis we are in, you are truly too dumb to breathe.
Look in the mirror, you asshole, if you want to see weak. You got it. Down to a "t."
Sorry Pluto, but Delta House is no more.
You have been busted.
It's time someone put their foot down, and that foot is me.
No no. You remain just the asshole.
Full of shit and spewing noxious fumes.
But your credibility is on par with your powers of prediction.
So, try to man up for once in your useless life and face reality. You suck and Pres. Obummer is a fail. Housing is going to go through a huge slump when the ability of down-graded banks gets factored into the equation.
You can stick your head in the sand (a refreshing change of pace from its usual abode up your ass), but your firm grasp on ignorance doesn't change reality.
Not one bit, fucktard.
Also, fuckwit, the reference you wanted to make was BLUTO. Not Pluto. You penis breath idiot.
Sorry Pluto, but Delta House is no more.
You have been busted.
It's time someone put their foot down, and that foot is me.
No no. You remain just the asshole.
Full of shit and spewing noxious fumes.
But your credibility is on par with your powers of prediction.
So, try to man up for once in your useless life and face reality. You suck and Pres. Obummer is a fail. Housing is going to go through a huge slump when the ability of down-graded banks gets factored into the equation.
You can stick your head in the sand (a refreshing change of pace from its usual abode up your ass), but your firm grasp on ignorance doesn't change reality.
Not one bit, fucktard.
Also, fuckwit, the reference you wanted to make was BLUTO. Not Pluto. You penis breath idiot.
Whatever, Bluto.
You are "floundering."
Sorry Pluto, but Delta House is no more.
You have been busted.
It's time someone put their foot down, and that foot is me.
No no. You remain just the asshole.
Full of shit and spewing noxious fumes.
But your credibility is on par with your powers of prediction.
So, try to man up for once in your useless life and face reality. You suck and Pres. Obummer is a fail. Housing is going to go through a huge slump when the ability of down-graded banks gets factored into the equation.
You can stick your head in the sand (a refreshing change of pace from its usual abode up your ass), but your firm grasp on ignorance doesn't change reality.
Not one bit, fucktard.
Also, fuckwit, the reference you wanted to make was BLUTO. Not Pluto. You penis breath idiot.
Whatever, Bluto.
You are "floundering."
From another blue state:
Chris this crap you post about forecast prices that MAY go up??? You do realize that they may also go down? I tend to believe facts not wishes and dreams.
Sounds great.
Housing market hits 15-year low:
5 Housing Markets Where Renting Beats Owning - Real-Time Advice - SmartMoney
sales of single-family existing homes slipped 1.5% in May from a month earlier, according to data released today by the National Association of Realtors. Experts say the drop, which came during the historically busy spring season, suggests the housing market has a way to go to recover. If anything, the ranks of American homeowners are dwindling. The homeownership rate in the U.S. fell slightly from 66% to 65% during the first quarter of 2012 the lowest in 15 years, according to the latest data by the U.S. Census.
Home resales fell in May and the median sales price rose only because of a drop in sale of lower priced homes, casting a shadow on the country's nascent housing market recovery.
The Standard and Poors Case-Shiller® national seasonally adjusted (SA) repeat-sales house price index, which is reported with a lag, recorded a 1.7-percent decline in the value of homes in the fourth quarter of 2011 compared with the previous quarter and a 4.0-percent decline from year-earlier levels. The Federal Housing Finance Agencys (FHFA) purchase-only (SA) repeat-sales index, also reported on a lagged basis, estimated a 0.1-percent decrease in home values in the fourth quarter and a year-over-year decline of 2.4 percent.
The national homeownership rate decreased in the first quarter, as did the home ownership rate for minorities.
Some housing recovery. Thanks a bunch, Mr. President.The national homeownership rate fell to 65.4 percent in the first quarter of 2012, down from 66.0 percent in the fourth quarter and 66.4 percent a year earlier. The homeownership rate for minorities, at 47.5 percent, also slipped, from 48.2 percent in the previous quarter and 48.3 percent a year earlier. The homeownership rate for White non-Hispanic households dipped to 73.5 from 73.7 percent in the fourth quarter; the homeownership rate for African-American households fell to 43.9 from 45.5 percent in the fourth quarter; and the homeownership rate for Hispanic households was 46.3 percent,
down from 46.6 percent in the fourth quarter. The current low homeownership rates reflect the subprime lending crisis, the high rates of unemployment, and the recent severe recession.
