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Housing numbers...

(3 posts)

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  1. spatny
    Member

    I couldn't find the thread about this subject so posted a new thread...

    Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern that the fragile housing rebound could falter, making it harder for the overall economy to recover.

    The National Association of Realtors said that sales of previously occupied homes dropped 0.6 percent in February to a seasonally adjusted annual rate of 5.02 million.

    The weakness in sales depressed prices, with the median home price dropping by 1.8 percent from a year ago to $165,100.

    I think a lot of the commercial loans reset in the second quarter, so that market is likely to go south too...

    Posted Tuesday Mar 23, 2010 11:34 #
  2. anonymous
    Member

    There are more foreclosures than new housing starts.

    Posted Tuesday Mar 23, 2010 11:46 #
  3. mrt
    Member

    closer to home :) ... I saw this thread

    http://www.riversideinfo.org/forum/topic/what-can-we-do-to-protect-riverside-home-values

    and here are the March numbers, (and check out the line graph in the link below) ...

    Riverside, IL Real Estate Market Snapshot
    updated Monday, March 22, 2010
    Listing Type Number Median Price Price Change
    from Feb
    Homes for Sale 78 $399,900 +2.6%
    New Homes 0 n/a n/a
    Foreclosures 60 $324,000 +7.7%

    http://realestate.yahoo.com/Illinois/Riverside

    OP is a bit better than us, with about 5 pct new foreclosures

    but not as bad as Lagrange, where there is a 20 pct increase in FC there.

    Posted Tuesday Mar 23, 2010 12:03 #

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