Archive

For the News-Housing category

King County home sales up, median price down 8% from year ago

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016416295_homesales06.html

Buyers closed on 37% more houses in King County in September than in the same month last year, according to statistics released Wednesday by the Northwest Multiple Listing Service.

Last month’s sales were down 2% from September 2009 — a month when the tax credit helped fuel sales — but up 12% from September 2008.

Fewer houses sold in September than August, but that is the typical seasonal pattern.

The median price of all King County houses that sold last month was $349,550, down 8 percent from the same month in 2010, but almost unchanged from August.

The median price has hovered between $345,000 and $350,000 since March. It fell to that level as sales of lower-priced “distressed” properties — bank-repossessed homes and “short sales” for less than the seller owes lenders — began to increase.

About one in five houses sold in King County in September was bank-owned, according to an analysis of listing-service data done for Washington Property Solutions, a short-sale negotiating firm.

Another one in 10 sales was a short sale.

But the stability in median prices since spring is a positive sign and shouldn’t expect another big drop anytime soon.

In September sales increased — and prices fell — most precipitously year-over-year in Southwest and Southeast King County, where distressed properties are most prevalent.

Both areas saw double-digit declines in the median single-family home-sale price from September 2010. In Seattle and on the Eastside, in contrast, the drop was less than 5 percent.

The number of single-family listings was down 24 percent from last September countywide. “It’s the sellers that are sitting on the sidelines, thinking it may make more sense to wait,” Gardner said.

Inventory fell more steeply in Seattle and North King County, less steeply in Southwest King County, Southeast King County and on the Eastside.

In Seattle, the priciest neighborhoods — Queen Anne, Magnolia, Madison Park, Capitol Hill — also saw the steepest year-over-year drops in the number of listings. Lack of inventory is influencing the market in such close-in neighborhoods, brokers say.

On Queen Anne, “the price point between $600,000 and $700,000 — that price point seems to just absolutely fly off the shelf if the home has been priced right,” said Chris Cooley, a broker at Windermere Real Estate’s Queen Anne office.

“We’ve even seen multiple offers in that price range.”

King County condo sales were up 33 percent from the same month last year, according to the listing service. But the median sale price, $195,000, was down nearly 19 percent year-over-year.

Single-family home sales in Snohomish County also rose nearly 30 percent in September from September 2010. The median price was $242,310, down 11 percent.

Contracts to buy homes fell 1.2% in August

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016354899_apuspendinghomesales.html

The National Association of Realtors said Thursday that its index of sales agreements fell 1.2 percent last month to a reading of 88.6

A reading of 100 is considered healthy. The last time the index reached that level was in April 2010, the final month that buyers could qualify for a federal tax credit that has since expired.

Contract signings are usually a reliable indicator of where the housing market is headed. There’s typically a one- to two-month lag between a contract and a completed deal.

The pace of sales for previously occupied homes is slightly above last year’s 4.91 million sold, the fewest since 1997. In a healthy economy, Americans would buy roughly 6 million homes each year.

In August, sales of new homes fell for a fourth straight month. This year is shaping up to be the worst for new-home sales on records dating to 1963.

Even so, homes are the most affordable they’ve been in decades. Mortgage rates are at six-decade lows. Prices in some metro areas have been cut in half. Still, sales in most areas remain weak.

The number of people signing home contracts rose in both May and June. But those increases didn’t make up for a huge drop-off in April, when signings fell more than 11 percent. Over the past two months, signings have declined 2.5 percent.

Contract signings fell across most of the country. July’s index fell 5.8 percent in the Northeast, 3.7 percent in the Midwest and 2.4 percent in the West. It rose 2.6 percent in the South.

Home sales jump 7.7% as foreclosures rise

No Comments

http://finance.yahoo.com/news/Home-sales-jump-77-pct-as-apf-2095700257.html?x=0&sec=topStories&pos=main&asset=&ccode=

The National Association of Realtors said Wednesday that home sales rose 7.7% last month to a seasonally adjusted annual rate of 5.03 million homes. That’s below the 6 million that economists say is consistent with a healthy housing market.

Last month’s pace was slightly ahead of the 4.91 million sold in 2010, the worst sales level in 13 years.

Homes at risk of foreclosure made up 31% of sales. That’s up from 29% in July. Many are being bought by investors.

At the same time, activity among first-time buyers made up only 32% of sales, matching the July level. They normally make up 50% of home sales in healthy markets.

The median sales price dropped roughly to $168,300 in August from July. A key reason was the rise in foreclosures and short sales. Those homes sell at an average discount of 20 percent.

Investors are taking advantage of the discounts. Their purchases made up 22% of all sales last month, up from 18% in July.

The high rate of foreclosures has made re-sold homes much cheaper than new homes. The median price of a new home is roughly 30% higher than the price for a previously occupied home — twice the normal markup.

Contracts were cancelled at a higher rate in August, with 18% of Realtors saying they had at least one contract scuttled. That’s up from 16% in July.

August home building fell 5%, slide continues

No Comments

http://finance.yahoo.com/news/August-home-building-fell-5-apf-316920322.html?x=0

The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5% decline from July and a three-month low. That’s less than half the 1.2 million that economists say is consistent with healthy housing markets.

Single-family homes, which represent roughly two-thirds of home construction, fell 1.4%. Apartment building plunged 12.4%.

Building permits, a gauge of future construction, rose 3.2%.

Home construction is down nearly 6% over the past year. But permits are up nearly 8%. That suggests builders aren’t working on new homes, but may be preparing to start dormant projects when the economy improves.

Builders typically begin construction on single-family homes six months after getting a permit. With apartment projects, the lag time can be up to a year.

Construction fell to its lowest levels in 50 years in 2009, when builders began work on just 554,000 homes. Last year was not much better and this year is shaping up to be just bad.

New-home sales fell in July to a seasonally adjusted annual rate of 298,000, the weakest pace in five months. This year is shaping up to be the worst for sales on records dating back a half-century.

US home builder outlook worsens in September

No Comments

http://finance.yahoo.com/news/US-home-builder-outlook-apf-3214607360.html?x=0

The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years.

Any reading below 50 indicates negative sentiment about the housing market. It hasn’t reached 50 since April 2006, the peak of the housing boom.

Last year, the number of people who bought new homes fell to its lowest level dating back nearly a half-century. Sales this year haven’t fared much better.

10大法拍屋最高的州

No Comments

Nevada, California, Arizona, Georgia, Idaho, Michigan, Florida, Illinois, Colorado, Utah.

8月份法拍屋申请数量上升

No Comments

http://finance.yahoo.com/news/Housing-market-Foreclosures-cnnm-1351134910.html?x=0&sec=topStories&pos=5&asset=&ccode=

8月份银行向法院递交的法拍申请比7月份增加了7%,而银行向住户发出的法拍通知单则急升33%,显示出银行开始加快了法拍的步伐。

不过,银行真正回收的数量则略微有所下降。8月份银行回收的房屋数量是64,813间。

S&P: 西雅图地区6月份房价上涨0.7%

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016054912_caseshiller31.html

根据S&P Case-Shiller星期二发布的房价指数显示,西雅图地区的房价6月份连续第二个月上涨,幅度为0.7%。但是与2010年同期相比,则下跌6.4%。

Spring buying boosts home prices in US cities

No Comments

http://finance.yahoo.com/news/Spring-buying-boosts-home-apf-28530223.html?x=0&sec=topStories&pos=main&asset=&ccode=

WASHINGTON (AP) — Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year.

The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices increased in June from May in 19 of the 20 cities tracked. Prices rose 3.6 percent in the April-June quarter from the previous quarter. Neither of those numbers is adjusted for seasonal factors.

Over the past 12 months, home prices have declined in all 20 cities.

Chicago, Minneapolis, Washington and Boston posted the biggest monthly increases. Metro areas hit hardest by the housing crisis, including Las Vegas and Phoenix, reported small seasonal increases.

Analysts say home prices have stabilized in coastal cities over the past six months. Seasonally adjusted prices have fallen a modest 1 percent over the past six months, according to the index. That’s less than a third of the decline from the previous six months.

But this year, home prices in many cities have reached their lowest points since the housing market went bust more than four years ago. Prices in Cleveland, Detroit, Las Vegas, Phoenix and Tampa are at 2000 levels.

“These shifts suggest that we are back to regional housing markets, rather than a national housing market where everything rose and fell together,” said David M. Blitzer, chairman of the S&P’s index committee.

The index measures prices compared with those in January 2000 and creates a three-month moving average. The June data is the latest available.

Home prices are certain to fall further once banks resume millions of foreclosures, which have been delayed because of a government investigation into mortgage lending practices. If the U.S. economy slips back into another recession, prices could drop even further.

“There’s no theoretical floor for prices. If the economy worsens, housing will get into a vicious cycle of falling prices and foreclosures,” said Mark Zandi, chief economist at Moody’s Analytics. “When prices fall, confidence wanes.”

Last year, a homebuyer tax credit helped boost prices temporarily. But prices began to fall shortly after the tax credit expired. They tumbled in big metro areas in March to their lowest level since 2002.

As prices have declined, so too have sales.

The pace of sales for previously occupied homes is trailing last year’s 4.91 million sold, the fewest since 1997. In a healthy economy, people buy roughly 6 million homes each year.

Sales of new homes dropped in July for third straight month. This year is shaping up to be the worst for sales of new homes on records dating back to 1963.

Foreclosures and short sales — when a lender agrees to sell for less than what is owed on a mortgage — made up about 30 percent of all home sales last month, up from about 10 percent in past years. About 1.7 million potential foreclosures are being held up, according to real estate firm CoreLogic, either by backlogged courts or lenders awaiting state and federal probes into troubled foreclosure practices.

NAR: 7月份购房合同下跌1.3%

No Comments

http://finance.yahoo.com/news/Contracts-to-buy-homes-fell-apf-1909809319.html?x=0&sec=topStories&pos=main&asset=&ccode=

根据National Association of Realtors星期一发布的指数,7月份购房合同减少了1.3%,指数值为89.7。指数值100为健康水平。指数值最低点是在2010年6月份创造的,为75.9。

购房合同在5月份和6月份时有所回升,但在4月份时曾大跌11%。

第二季度法拍屋的销售量占了市场总量的31%

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2016006838_apusforeclosuresales.html

据RealtyTrac Inc.星期四发表的数据显示,2011年第二季度,4月份到6月份的法拍屋销售量占了市场总销售量的31%,比第一季度的36%稍微有所降低。这个比例在两年前最高点时曾达37.4%。

法拍屋 (bank-owned) 的售价在第二季度比房屋平均售价少了40%。前一季度这一比例是36%,一年前则是34%。

速售屋 (short sale) 的价格则比平均售价少了21%。

FHFA: 6月份全美房价攀升0.9%

No Comments

http://www.marketwatch.com/story/us-housing-prices-climb-09-in-june-fhfa-says-2011-08-24?siteid=yhoof2

据Federal Housing Finance Agency星期三公布的指数显示,经季节调整后的6月份房价攀升了0.9%,但是与去年同期相比仍然下跌4.3%。

在全国9个地区中有7个地区的房价都有所上涨,唯一下跌的两个地区分别是Pacific (-0.8%) 和 New England (-0.4%)。

HOA起诉银行故意拖延回收法拍屋

No Comments

http://finance.yahoo.com/news/Homeowner-Groups-Sue-to-Force-bloomberg-3702886209.html?x=0&sec=topStories&pos=5&asset=&ccode=

Miami Beach的一家公寓楼的HOA起诉JPMorgan Chase & Co.成功,收回了一个长达4年断供的公寓单位。起诉书说银行故意拖延收回法拍单位,致使公寓楼的HOA收入减少。因为受到法拍单位的影响,也让其他住户无法出售自己的单位。

因为起诉成功,由HOA直接收回这个单位并放到市场上销售,收入也就归HOA所有。

新房销售持续第三个月下跌

No Comments

http://finance.yahoo.com/news/Newhome-sales-fall-2011-could-apf-3845011766.html?x=0&sec=topStories&pos=main&asset=&ccode=

7月份的新房销售连续第三个月下跌,使得今年可能成为半个世纪以来最糟糕的一年。

Commerce Department星期二说,7月份新房销售下跌近1%,经季节调整后的年率为298,000,远低于正常市场状况下的700,000。

东北的新房销售虽成长一倍,但是仍然是全国最疲软的地区。南部和西部的销售分别下跌7.4%和5.9%。中西部则上升了2.4%。

新房的售价下跌了6%,达到$222,000,但是仍然比成屋的7月份的中间价$174,000高出了27.5%。

到7月底为止的新房库存达到了历史新低的165,000,比6月份下降了0.6%。按照7月份的销售速度,需要6.6个月才能清除库存。经济学家认为这个数字比较健康。

NAR: 7月份房屋销售下跌3.5%

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2015945108_apushomesales.html

据National Association of Realtors星期四数据显示,7月份成屋销售量比上月跌了3.5%,经过季节调整后的全年销售量为4.67 million,远低于正常市场状况下的6 million。这个数字甚至低于去年全年的4.91 million。去年的销售量是13年以来的最低点。

首次购房者略微有所增加,达32%。正常状况下这一数字应该是50%。

法拍屋和速售屋占了销售量的29%,而一年前则只有10%。

投资房占了销售量的18%。

多达16%的房屋成交合约在房屋检查后被最终取消。这一数字是5月份的4倍,也是一年来的最高纪录。

房屋销售的中间价降到了$174,000。大多数经济学家预测到今年底,房价还会至少跌5%,在2013年以前房价都不会反弹。

2010年7月-2011年7月 Merce Island房价示意图

No Comments

根据NWMLS的销售数据整理出来的Merce Island一年以来的房屋中间价格示意图:

2010年7月-2011年7月 Kirkland房价示意图

No Comments

根据NWMLS的销售数据整理出来的Kirkland一年以来的房屋中间价格示意图:

2010年7月-2011年7月 Bellevue西区房价示意图

No Comments

根据NWMLS的销售数据整理出来的Bellevue西区一年以来的房屋中间价格示意图:

2010年7月-2011年7月 Bellevue东区房价示意图

No Comments

根据NWMLS的销售数据整理出来的Bellevue东区一年以来的房屋中间价格示意图:

2010年7月-2011年7月 Sammamish房价示意图

No Comments

根据NWMLS的销售数据整理出来的Sammamish/Snoqualmie地区一年以来的房屋中间价格示意图:

2010年7月-2011年7月 Redmond房价示意图

No Comments

根据NWMLS的销售数据整理出来的Redmond/Carnation地区一年以来的房屋中间价格示意图:

7月份华州法拍屋大幅下降

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2015885176_foreclosures12.html

7月份,华州有3,602间房屋(占总数1/171)进入法拍程序,比去年同期下降37%,比上月下降19%。其中,King County有1,229间,比一年前下降32%。

到上月为止,在华州回收一间房屋平均需要103天,比去年同期下降2%。

7月份法拍屋数量减少

No Comments

http://finance.yahoo.com/news/US-homes-got-fewer-apf-1185025239.html?x=0&sec=topStories&pos=main&asset=&ccode=

据RealtyTrac Inc.星期4报道,7月份的法拍屋或者进入法拍程序的房屋数量有所下降。59,516所房屋第一次收到了法拍的通知单,比6月份下降7%,比2010年同期则下降39%。与2009年4月份的最高峰时相比,则下跌了58%。
正式拍卖的房屋也有所减少,比去年同期下跌了27%。
法拍屋下降并不是因为房屋市场好转,而是因为各种各样的原因,银行放慢了房屋回收的过程。
7月份银行总共收回了67,928个房屋,预期全年将收回800,000到900,000个单位,比去年的1 million有所降低。到目前为止,银行手中共有大约850,000个单位已经在市场上流通,还有大约1.1 million个单位正在回收过程当中。

与去年同期相比,本地区7月份房屋成交量上涨,但价格下跌

No Comments

http://seattletimes.nwsource.com/html/businesstechnology/2015822190_homesales04.html

King County七月份成交量为1,678,比一年前上涨14%。Snohomish County成交量706栋,比去年同期上涨12.5%。Pierce County上涨幅度最大,达25.5%,成交量792栋。

但是,三郡的房屋中间价均大幅下跌。Snohomish County跌幅最大,达15.8%,中间价跌至$239,949。King County下跌12.5%,中间价从2010年的$399,000跌至七月份的$350,000。Pierce County则下跌11.6%,中间价跌至$198,950。

6月份建筑业增长0.2%

No Comments

http://finance.yahoo.com/news/Construction-spending-rises-apf-2032202467.html?x=0

据商业部星期一数据显示,6月份,办公楼、商业中心和旅馆的建造推动了建筑业连续3个月的增长。6月份的建筑业花费增加了0.2%,达到年率$772.3 billion。但是,这个数字还不到正常经济情况下的一半水平。正常状况下,年率应该是$1.5 trillion。

Single-family home building增长了0.3%,apartment building则下跌了2.8%。商业建筑成长了1.8%。政府承建项目下跌了0.7%。

6月份新屋销售下跌了1%,达到年率312,000,远低于健康情况下的700,000。成屋销售也是连续第3个月下跌。专家预测到年底房价会进一步下跌5%到10%。

Bank of America对付法拍屋的新办法:推土机

No Comments

http://seattletimes.nwsource.com/html/realestate/2015759069_homeglut31.html

截至6月份为止,至少有1.7 million的房屋处于法律拍卖过程中。上个月,Bank of America在Detroit和Chicago分别推倒了100个和150个房屋。BOA还计划在另外10个城市中执行同样的计划。

加入BOA行列的还有Wells Fargo和Fannie Mae。自2009年开始,Wells Fargo捐赠或推倒了至少800多个房屋。2010年,Fannie Mae捐赠或推倒了200个。

随着房价下跌,房屋估价可能致使交易流产

No Comments

http://seattletimes.nwsource.com/html/realestate/2015759098_realappraisals31.html

Alan Wilson签了一个$319,500的买房合同,但估价师的估价只有$292,000。由于卖主不愿降低价格,致使交易流产。
据National Association of Realtors报告显示,去年有10%至12%的买卖交易中出现估价低于卖价的情况,致使交易延迟甚至取消。

六月份的成屋签约量持续第二个月成长

No Comments

http://finance.yahoo.com/news/Contracts-to-buy-homes-rose-apf-2550932798.html?x=0&sec=topStories&pos=3&asset=&ccode=

http://www.cnbc.com/id/43926826?__source=yahoo%7Cheadline%7Cother%7Ctext%7C&par=yahoo

据National Association of Realtors报告显示,六月份的成屋签约量持续第二个月成长,成长幅度为2.4%。五月份的成长率高达8.2%。当然,这样的成长还不足以标志着市场的恢复。

但是报告同时也显示,越来越多的买主在房屋检查以后取消了合同。合同取消率高达16%,远高于正常水平的4%。

六月份,1.7million房屋进入了法拍程序

No Comments

据RealtyTrac的报告显示,六月份全美有1.7 million个房屋进入了法律拍卖的程序。如果将所有的法拍屋加起来,总数超过了6百万。与此相比,六月份的新房供应量只有16万。大量的法拍屋一直在给市场托后腿,致使房价下跌。

美国梦不再有?

No Comments

http://www.bankrate.com/financing/mortgages/death-of-the-american-dream/

拥有一套属于自己的房屋曾几何时是多少人的美国梦,多少人视之为成功的标志。现在这个美国梦正在迅速褪色。据Morgan Stanley的报导,全美房屋拥有率跌到了59.7%,是Census Bureau 1965年有纪录以来的最低点。

拜银行的宽松货币政策所赐,全美房屋拥有率在2004年达到了最高峰的69%,那时的房屋价格也是节节攀升。但是现在,银行缩紧借贷标准,法拍屋泛滥,拖欠贷款盛行。这些现象正在逐渐地将我们身边的社会改变成一个一个的租赁者,而不再是骄傲的美国梦的实现者。

但是,美国的房地产市场是一个周期性的市场,坏日子迟早会过去。如果我们能吸取教训,变得更有责任心,养成良好的借贷习惯,长远而言,对经济将更有助益。我们对此应该有信心,因为即使是今天,在7千6百万的房主当中,3分之1的家庭没有任何房贷!

Blue Taste Theme created by Jabox