December's Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index's 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December's home values at similar levels as compared to early-2003.
Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index.
The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise.
With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers.
The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October.
it's a fantastic time to be a Philadelphia home buyer where 66.3 percent of all new and existing homes sold in the third quarter were affordable
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.
The Federal Home Finance Agency's data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
There's a lot of talk on CNBC and elsewhere about what's coming in 2010. Before you take those predictions to the bank, just remember that analysts do a much better job interpreting data from the past than projecting it into the future.
Like most housing data from November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling.