By Nancy Moffitt
Real Estate Professor Todd Sinai With Unconventional Wisdom on Cooling Home Prices
Todd Sinai is a master of understatement, describing his explosive research on the recent residential real estate downturn as little more than "a fairly fortuitous time to be undertaking this exercise."
Indeed. The Wharton real estate professor and two colleagues set off a torrent of media attention with their September 2005 op-ed in the Wall Street Journal, a piece that disputed widely held beliefs about recent sky-high housing prices.
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Monday, November 20, 2006
Thursday, November 16, 2006
Second Qtr Home Prices for 151 Markets
Metro home prices flat
Second-quarter home prices for 151 markets.
August 21 2006: 2:06 PM EDT
NEW YORK (CNNMoney.com) -- Housing markets seem to have slid into a new phase, one of much slower price growth.
After several consecutive quarters of double-digit, year-over-year increases, the national market recorded a gain of just 3.7 percent in the second quarter, to $227,500.
It was the second consecutive quarter in which home prices failed to repeat the gains of an average of more than 10 percent annually from 2002 through 2005.
Regionally, only the Northeast continued to perform comparatively well - prices climbed there by 6.3 percent to $299,200. Midwestern prices fell by 2.0 percent to $167,400. The South gained 4.1 percent ($188,200) and the West rose 3.6 percent ($350,800).
Condo prices, down nationally by 0.3 percent, fell in the West by 6.7 percent to $272,200. The Northeast again led the market with condo prices there up by 4.9 percent to $257,800.
To see market trends click title
Second-quarter home prices for 151 markets.
August 21 2006: 2:06 PM EDT
NEW YORK (CNNMoney.com) -- Housing markets seem to have slid into a new phase, one of much slower price growth.
After several consecutive quarters of double-digit, year-over-year increases, the national market recorded a gain of just 3.7 percent in the second quarter, to $227,500.
It was the second consecutive quarter in which home prices failed to repeat the gains of an average of more than 10 percent annually from 2002 through 2005.
Regionally, only the Northeast continued to perform comparatively well - prices climbed there by 6.3 percent to $299,200. Midwestern prices fell by 2.0 percent to $167,400. The South gained 4.1 percent ($188,200) and the West rose 3.6 percent ($350,800).
Condo prices, down nationally by 0.3 percent, fell in the West by 6.7 percent to $272,200. The Northeast again led the market with condo prices there up by 4.9 percent to $257,800.
To see market trends click title
Monday, November 06, 2006
NAR Bullish on Housing Market, Advises Consumers to Take Action Now while Conditions Still Favorable
RISMEDIA, November 6, 2006—In a full-page newspaper advertisement running in six of the nation's leading newspapers beginning today, the leadership of the National Association of Realtors(R) TO READ MORE CLICK TITLE.
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