Tuesday, September 27, 2011

Temporary Rise in Case-Schiller Index

Home prices rose for a fourth straight month in most major U.S. cities in July, buoyed by the peak buying season. But the housing market remains depressed, and prices are expected to decline in the coming months.

The Standard & Poor's/Case-Shiller index released Tuesday showed home prices increased in July from June in 17 of the 20 cities tracked. Prices rose sharply in Minneapolis and Chicago; prices in two cities hit hardest by the housing crisis—Las Vegas and Phoenix—declined.

The index measures prices compared with those in January 2000 and creates a three-month moving average. The July data is the latest available.

Analysts cautioned that the price increases are temporary, and not evidence of a housing recovery. Home sales have declined in each of the months in which prices rose.

Thursday, September 15, 2011

US Housing Foreclosures Flood the Real Estate Market

New foreclosure starts rose sharply in August, signaling a slew of foreclosed properties will be dumped on the already bloated housing market in early 2012.

"Notices of Default," the first stage of the foreclosure process, rose 33 percent month-to-month, according to a new report from RealtyTrac.

Friday, September 9, 2011

DNA LOFTS - On the Auction Block

The Davis Cos., a veteran local developer, recently acquired the downtown-style condo project on Dot Ave after the builder lost it to foreclosure.

The new owners are now putting up 25 of the remaining DNA Loft units up for sale at an auction on Oct. 6. The condo project is located at 944 Dorchester Ave., where Dorchester meets South Boston.

Minimum bids range from $115,000 for a 665 square foot studio, to $275,000 for a roughly 1,600 square foot penthouse. The penthouse had previously been on the market for just under $500,000.

Read Boston.com Real Estate Blog for more details

Thursday, September 1, 2011

The Housing Market's Most Recent Stumbles...


The housing market’s most-recent stumbles have whipsawed a high-end home builder in Sudbury, where a 6,300-square-foot vacant estate on a 1-acre hilltop is slated to be sold via a foreclosure auction this month.