Home Value Decline Percentages For 25 Largest Metro Areas
According to Q1 2011 Zillow® Real Estate Market Reports Largest 25 Metropolitan Statistical Areas Covered by Zillow Zillow Home Value Index Q1 2011 QoQ Change YoY Change Change From Peak United States $169,600 -3.0% -8.2% -29.5% New York, N.Y. $346,600 -1.6% -5.3% -24.2% Los Angeles, Calif. $386,400 -3.0% -7.6% -36.1% Chicago, Ill. $167,900 -4.8% -13.8% -38.1% Dallas, Tex. $125,400 -1.2% -6.9%...
Resurgent USA: New Households Form at Fastest Rate Since ’07
New Households Form at Fastest Rate Since ’07 in Resurgent U.S. By Steve Matthews – May 1, 2011 6:01 PM CT Millions of young adults like Webb are starting to leave their parents’ homes, creating households at the fastest rate since 2007. They’re helping to provide a so-called shadow supply that may boost U.S. housing starts more than 50 percent by next year and spur consumption at a rate...
Price-to-Rent Ratio (Owners Equivalent Rent)
This graph shows the price to rent ratio. The Composite price-to-rent index is just above the May 2009 levels, and the CoreLogic index is back to January 2000. Owners’ Equivalent Rent (OER) is at about the same level as two years ago – so the price-to-rent ratio has followed changes in house prices since then. Rents have been increasing again, so the OER will likely show an increase...
Las Vegas: Might see 1/3 appreciation if you buy now.
More than half of this year’s purchases were all-cash transactions, a sign that investors are finding bargains at the low end of the market, said Robert Lang, a professor of sociology at the University of Nevada, Las Vegas.… “Prices are below the cost of materials and labor,” said Lang, also a senior fellow at the Brookings Institution in Washington. “If you’re betting the U.S. economy won’t go back to Armageddon, you might see one-third appreciation if you buy now.”
Nearly half of the housing market is now distressed properties
HousingPulse Distressed Property Index Rises for Month; Homebuyer Traffic Flattens WASHINGTON, D.C. (April 25) – The HousingPulse Distressed Property Index (DPI), a key indicator of the health of the U.S. housing market, rose to 48.6 percent in March – the second highest level seen in the past 12 months. In another potentially significant development, the HousingPulse Homebuyer Traffic Index...
USA rents could rise 10%
Renters beware: Double-digit rent hikes may be coming soon. Already, rental vacancy rates have dipped below the 10% mark, where they had been lodged for most of the past three years. “The demand for rental housing has already started to increase,” said Peggy Alford, president of Rent.com. “Young people are starting to get rid of their roommates and move out of their...
House Prices: Price-to-rent, Price-to-median Household Income
There is no perfect gauge of “normal” house prices. Changes in house prices depend on local supply and demand. However I’ve found the three most useful measures of house prices are 1) real house prices, 2) the house price-to-rent ratio, and 3) the house price-to-median household income ratio. These are just general guides, but they are still useful (these are national numbers,...
CNBC: Making money on USA foreclosed homes.
In this video, prominent US hedge fund manager Aaron Edelheit tells CNBC’s Diana Olick how he’s making money in foreclosed single family homes. This is precisely what American Full House is doing for investors, one at a time!
Foreign Investors See Opportunity of a Lifetime
At one time, these people would have invested in the U.S. stock market. Now they see the opportunity of a lifetime in the nation’s debilitated housing market. The idea is to rent out the properties and then sell them once the economy turns around.
