Some of the biggest increases were in states that suffered the worst from the housing bust. Home prices in Arizona jumped 18.7% in the past year, the most of any state. Home prices in Idaho rose 13.1%, the second largest. Nevada’s home values rose 11%. Idaho? Really? I know that one surprised everyone but Arizona …
A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years. Like Whoa!! Talk about a defining headline. Moreover, talk about a headline that screams, “We told you so.” As we have written and explained in our seminars and educational materials, there are a lot …
No s*#t Sherlock! We are usually not the type to rub it in, but in thise case, all of the clients of US Property Shop and our loyal blog followers will have figured out that Florida bottomed a long time ago. A new home sales measure says Florida prices hit a soft bottom in 2009, …
As S&P released the Case/Schiller Index for housing, there was over all rejoicing. The report also noted that all 20 major metro areas tracked by the S&P/Case Shiller index posted gains in June from May. That’s the second straight month in which prices rose in every city measured. That is only part of the story …
This article is a prime example of why tools from certain professions, say those of stock traders, cannot be used to evaluate housing One problem is that it makes understanding the output from these tools entirely difficult to understand. As a person who understands technical trading myself, I border labeling this analysis as silly because …
It is imperative to always be up to date on many facets of the economy, geopolitics, and the general zeitgeist of the people at a particular time. As far as real estate is concerned, the trend upward continues and more and more, we see each of the major indicies and measurements turn in a positive …
If you read our blog, you are not surprised that the prices of homes in the United States have been going up steadily. IF ON THE OTHER HAND… You are a person who follows the Case-Shiller Index, this is as big a shock as seeing a unicorn. You are probably saying to yourself, ‘This can’t …
