Tag archives for home prices

Fourth Straight Month of Increases in Home Prices, Transaction Volume

According to the RE/MAX National Housing Report for June 2011, the month is the fourth straight for rising home prices and rising transaction volumes this year. Despite a year-over-year price drop of 4.9 percent, median home sales prices are on the rise and show a 7.4 increase over May. Highest increases occurred in the northeast, and the average time on Read full article »

Analysts Predict Further Drops in Home Prices in 2011

With bank-owned properties driving down housing prices and unemployment remaining high, Clear Capital analysts predict that home sale prices in the U.S. may fall another 2.4 percent in the coming six months. They credit the “limp” sales to low consumer confidence and a high volume of distressed properties. However, there are five metro areas for which Clear Capital has slightly brighter Read full article »

Housing Double-Dip Now “Official”

As analysts, experts and the media have gleefully been predicting for months now, the housing market has officially double-dipped accord to Standard & Poor’s Case-Schiller Housing Index. Home prices have now hit a “new post-recession low” and are comparable to mid-2002 prices. Previously, the all-time post-recession low was logged in 2009. Managing director of Standard & Poor David Blitzer calls Read full article »

Bank-Owned Backlog Still Building

At present, banks and lenders own more than 872,000 homes in the United States today. And that number, twice the number of REOs in 2007 and set to grow by around 1 million in the years ahead as current foreclosures move forward, is starting to make a lot of real estate professionals pretty nervous. Although home sales volumes are up, Read full article »

$8,000 Tax Credit Cost Typical Recipients Twice That

According to home values released by Zillow on Monday of this week, home values have fallen for a 57th straight month. And while this is not good news for anyone, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard, as, according to the Wall Street Journal, they “lost twice as much to falling house prices Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.