Dennis Norman
By: Dennis Norman
Investors, get those check books ready, maybe it’s time to buy again? Adding to the list of recent positive reports on the housing market and home prices is the Housing Market Report that was issued this morning by Radarlogic. According to the report home prices increased in June from the previous month in 23 out of the 25 metropolitan areas tracked by their company.
Overall the composite for all 25 metros showed a 3% gain in price from May to June representing one of the largest monthly gains reported by RadarLogic since June 2000. There has been a trend of price increases reported for the 25 metro areas for the past few months. In fact, the increase in the Radar Logic Composite from February to June outpaced the house price gains over the same period during the previous threes years, and the increase in house prices from April to June was the largest since the beginning of Radar Logic’s date in 2000. 
Read more…
Dennis Norman
By: Dennis Norman
Say What??? How could home sales have increased six-fold but yet we are still in the midst of a major recession in the U.S.?
For starters, the statistic I’m quoting come from the Radar Logic housing market report for January 2009. In their report for January 2009 their report states “On a year-over-year basis, the decline in home sales slowed in January….Sales across the 25 MSAs traced by Radar Logic declined 6% in the year ending January 2009, versus 36% in the prior year. BINGO! There’s where the 600% in my headline comes from. Read more…
By: Dennis Norman
Just in case you haven’t heard enough about real values median prices and the like I have another housing report to talk about. Yesterday Radar Logic published it’s report on October home prices for 25 metropolitan areas. Radar Logic has only been publishing this housing report since 2000 so they are a fairly newcomer compared with the Case-Shiller Report or the National Association of REALTORS(R) reports that I discussed in my last post about home prices last week.
What’s interesting about the Radar Logic Housing Report, and I think that at first blush may make it more representative of the market then the other reports I mentioned, is that the Radar Logic Housing Report is based upon the price per foot that homes sell for in the 25 metropolitan markets they report on. This would tend to lead to a more “apples to apples” comparison in my opinion as just looking at sale prices and not home size could end up skewing the data in areas where the size and/or type of housing stock changed over time. For Read more…
By: Dennis Norman
Just in case you haven’t heard enough about real values median prices and the like I have another housing report to talk about. Yesterday Radar Logic published it’s report on October home prices for 25 metropolitan areas. Radar Logic has only been publishing this housing report since 2000 so they are a fairly newcomer compared with the Case-Shiller Report or the National Association of REALTORS(R) reports that I discussed in my last post about home prices last week.
What’s interesting about the Radar Logic Housing Report, and I think that at first blush may make it more representative of the market then the other reports I mentioned, is that the Radar Logic Housing Report is based upon the price per foot that homes sell for in the 25 metropolitan markets they report on. This would tend to lead to a more “apples to apples” comparison in my opinion as just looking at sale prices and not home size could end up skewing the data in areas where the size and/or type of housing stock changed over time. For Read more…
