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Tag: Weston Title

Prices May Be Down, But Housing Market is Not Out

Wed Feb 29, 2012 on Blog

Some analysts are once again crying gloom and doom about yesterday’s latest release from the Case-Shiller Index. Case-Shiller, one of the most respected indicators of housing prices nationwide, posted new lows in December in 3 key composites, including a 3.8% drop in the national composite. The index’s own chairman sounded dismayed when announcing the numbers. “In terms of prices, the […]

2011 New Home Sales at Record Low

Fri Jan 27, 2012 on Blog

Proof that the housing market is far from recovered, numbers released by the Commerce Department this week show new home sales at a record low for the sixth straight year. In 2011, the non-seasonally adjusted sales for were 302,000, down from 323,000 in 2010.   The last time sales didn’t drop was 2005, when we saw 1.2 million sales. According […]

HUD: Home Affordability at 40-Year High

Tue Jan 17, 2012 on Blog

More good news for home buyers from the Department of Housing and Urban Development, who said in their latest housing scorecard that homes haven’t been this affordable since 1971, when Richard Nixon was president. In this latest report HUD announced the October 2011 affordability index was 197.8. Compare that to the height of the house price bubble in 2006, when it […]