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Radar Logic is a company that publishes a home price index (the RPX Index) that is based upon the price per foot homes are selling for, versus actual sale prices of homes. RPX publishes a daily RPX Composite price index for 25 major metropolitan areas in the U.S. based upon this square foot methodology Continue reading… Home price index this morning at lowest level since May 2003 Dennis Norman Just as we are talking more about home prices “stabilizing” there is yet another cause for concern as to just where the market is headed. Last week Celia Chen, senior director of the Moody’s Economy.com research staff, issued a report stating that the odds of a near-term “double-dip recession” have increased from about Continue reading… Is the housing market headed toward a ‘double-dip’? Dennis Norman According to a report issued by Radar Logic Incorporated government-sponsored enterprises (GSEs) and Federal agencies involved in housing finance currently have an inventory of over 200,000 repossessed homes. Being the largest owner of foreclosed homes in the U.S. gives the government a lot of power and influence over the Continue reading… Federal Government Is Largest Owner of Foreclosed Properties; Over 200,000 and Growing Dennis Norman According to the Housing Market Report that was issued this morning by Radarlogic, home prices increased in June from the previous month in 23 out of the 25 metropolitan areas tracked by their company. The report also showed that it is not just first-time home buyers fueling the market right now, more expensive Continue reading… House prices increase in June in 23 of 25 metros; Move-up home sales picking up pace |
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