More bad news for Republicans...a housing recovery is underway

[Remodeling Maidiac]

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

You have been making threads with this claim for the past year. Do you ever tire of being wrong?

 

[buckeye45_73]

I'm still waiting on that Scott Walker election....oh wait you were wrong, as always. Some of these liberals make me do a little work to own them, you own yourself, I love this.

5-housing-markets-where-renting-beats-owning
Stocks plunge on fear of bank downgrades - Jun. 21, 2012

Credit Suisse Cut 3 Levels as Moody

 

[Chris]

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

You have been making threads with this claim for the past year. Do you ever tire of being wrong?

Wrong about what?

I posted multiple factual articles all saying the same thing.

That kind of makes you a person in denial.

 

[Chris]

I'm still waiting on that Scott Walker election....oh wait you were wrong, as always. Some of these liberals make me do a little work to own them, you own yourself, I love this.

5-housing-markets-where-renting-beats-owning
Stocks plunge on fear of bank downgrades - Jun. 21, 2012

Credit Suisse Cut 3 Levels as Moody

5 housing markets?

The national data is what we are talking about here.

Nice try at denial of reality.

 

[bigrebnc1775]

Another MSNBC source.

 

[bigrebnc1775]

Existing home sales fall 1.5 percent in May

Business & Financial News, Breaking US & International News | Reuters.com

 

[bigrebnc1775]

Home Prices to Drop
10% in 2012!
While some economists have been calling a bottom for the U.S. housing market, we see the opposite. Our top analysts have continued to point out that U.S. home foreclosures will remain high because we believe banks are dealing with this issue piecemeal since it may further expose their weak balance sheets.
Home Prices - Investment Contrarians | Investment Contrarians

 

[bigrebnc1775]

For homeowners, especially those whose mortgages are underwater, the latest numbers are another blow. Unless they get help from lenders, or tough it out and wait years for the market to improve, they could see their homes slide into foreclosure.

For homebuyers, the news from both the NAR and Case-Shiller may give them pause before they buy -- even if they qualify for a mortgage. It’s a balancing act, with buyers wondering if they should wait another six months to see if prices fall any further.

A reality check is also in order. By and large, the housing market has shown gradual improvement in 2012, but the NAR and Case-Shiller data suggest it's still a market of momentum shaped by fits and starts.
US Housing Market Takes Turn For The Worse - MainStreet

 

[bigrebnc1775]

Property Prices in United States | American Real Estate Prices

 

[bigrebnc1775]

Very good source

Construction Statistics: New Housing Starts Forecast, Construction Spending Statistics

 

[Gremlin-USA]

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

At 8+ Unemployment, how long will the recovery last?

Exactly and with Harp and Harp 2, people are refinancing homes at lower rates with negative equity, how long before that Bubble Bursts?

Just because someone saved 200.00 a month with a lower rate will not negate the fact their Home is worth 15 to 30 percent less than they paid and they have negative equity, then coupled the high un-employment rate and still bad economy, in a few years we will have another crash......

All of Obama's vote getting idea's are going to backfire and put us all in worse shape....

.

 

[Conservative]

Nice try at denial of reality.

how about your denial of Scott Walker NOT being recalled, asshat?

 

[Conservative]

I'm still waiting on that Scott Walker election....oh wait you were wrong, as always. Some of these liberals make me do a little work to own them, you own yourself, I love this.

5-housing-markets-where-renting-beats-owning
Stocks plunge on fear of bank downgrades - Jun. 21, 2012

Credit Suisse Cut 3 Levels as Moody

5 housing markets?

The national data is what we are talking about here.

Nice try at denial of reality.

why are you denying THIS reality???

Business & Financial News, Breaking US & International News | Reuters.com

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.

http://www.huduser.org/portal/periodicals/ushmc/spring12/USHMC_1q12_summary.pdf

The Standard and Poor’s 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 Agency’s (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.

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.

Some housing recovery. Thanks a bunch, Mr. President.

 

[Rat in the Hat]

OMG he's so awesome, you know economies also go up and down on their own. Funny thing is, Reagan, Clinton and Bush got out of recssions MUCH MUCH faster than Obumble.
But hey it was your affirmative action housing that started it, so YAY for liberal programs.

Actually it was a derivative bubble that destroyed the economy.

6% of American homes being in foreclosure did not bring down the economy of Iceland.

6%

Now where have I heard that before?

 

[SniperFire]

You can always count of the truth being located at the polar-opposite of a chris take:

Today's headline:


World stocks fall amid US jobs, housing gloom
By PAMELA SAMPSON | Associated Press – 1 hr 34 mins ago


World stocks fall amid US jobs, housing gloom - Yahoo! News

 

[Conservative]

You can always count of the truth being located at the polar-opposite of a chris take:

Today's headline:


World stocks fall amid US jobs, housing gloom
By PAMELA SAMPSON | Associated Press – 1 hr 34 mins ago


World stocks fall amid US jobs, housing gloom - Yahoo! News

Asian stock markets fall amid bad news about US jobs, housing and manufacturing - The Washington Post

The U.S. Labor Department reported Thursday that the four-week average of applications for unemployment benefits jumped to the highest level in nine months. Meanwhile, sales of previously owned homes fell 1.5 percent in May.

...manufacturing in the northeast had experienced a sharp decrease due to a steep fall in company orders.

...Moody’s Investors Service lowered the credit ratings of 15 major banks, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking.

On Thursday, the Dow Jones industrial average plunged 251 points, its second-worst loss of the year. The Dow lost 2 percent to close at 12,573.57. The Standard & Poor’s 500 index lost 2.2 percent to 1,325.51 and the Nasdaq composite fell 2.4 percent to 2,859.09. All three indexes lost their gains for the week.

YAY, Obama's recovery summer continues! Woo HOO!!!!!!!!!!

 

[salem.hills]

You can always count of the truth being located at the polar-opposite of a chris take:

Today's headline:


World stocks fall amid US jobs, housing gloom
By PAMELA SAMPSON | Associated Press – 1 hr 34 mins ago


World stocks fall amid US jobs, housing gloom - Yahoo! News

 

[LordBrownTrout]

Of course there is this:

World stocks fall amid US jobs, housing gloom - Yahoo! News

http://blogs.smartmoney.com/advice/2012/06/21/5-housing-markets-where-renting-beats-owning/

 

[naturegirl]

My house has lost 53% of it's value. Fortunately we bought in 1993 with 20% down, during the years you actually had to qualify for a mortgage so we still have equity.

The foreclosures around us are numerous, until I actually see houses not in foreclosure at a reasonable sales price will I believe the housing market is getting better.

My sister in Florida bought during the peak of the housing bubble, they paid over $300,000.00 for their home, the house across the street sold for $130,000.00 last month. They live in an exclusive area with some homes within a mile sold for over a million dollars 5 years ago. Those houses are now sitting empty.

 

[Stephanie]

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

We knew you on the left never really wants a UNITIED country..Your title gives that away