Home Prices Fall in Most Major Cities

U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy.

The Standard & Poor's/Case-Shiller index shows prices dropped in October from September in 19 of the 20 cities tracked. Prices in a majority of cities declined for the second straight month. Prior to that, they had risen for five consecutive months in at least half of the cities tracked.

Atlanta, Detroit and Minneapolis posted the biggest monthly declines.

Prices in Atlanta and Las Vegas fell to their lowest points since the housing crisis began. Prices rose in Phoenix after three straight monthly declines.

The Case-Shiller index covers half of all U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average.

http://www.cnbc.com/id/45795202

7 Days Remain for 78 Merriam Street in Weston, MA

Only 7 Days Remain! Make sure to visit our two final remaining open houses this Thursday from 5-7PM and Sunday from 12-2PM.

Broker Open House - 153 Pine St - Dover, MA

Join us for a brokerage open house at 153 Pine St in Dover, MA from 12-2PM this Tuesday, October 25th. Catering by Linden Store Delicatessen.

153 Pine St Dover, MA - Accelerated Sale

This beautifully constructed Grand Brick Manor home features 12 rooms including 5 bedrooms with en suite baths and 6 and a half baths in total. The 153 Pine Street highlights include an elegant foyer with bridal staircase, eat in gourmet kitchen and family room, 2 story great room with mahogany floors, burlwood and walnut library with coffered ceilings, and a heated 3 car garage. This newly constructed home sits on 2+ acres of land and has remarkable craftsmanship that must be seen in person to appreciate.

Open for Preview:
Sundays 2pm-4pm starting October 30th
through November 13th
and Wednesday, November 9th, 5pm-7pm
To learn more call: 617-456-3053

Broker Open House and Luncheon

Please join us for our brokerage open house and luncheon at 78 Merriam Street in Weston this Tuesday (October 18th) from 12pm-2pm. Catering will be provided by Off Center.

Weston New Construction - Bids Due Nov 10th

AcceleratedSales.com announced today the launch of an accelerated sales program for 78 Merriam St located in Weston, MA. This spectacular 6,600 SF architectural design of Royal Barry Wills Cape sits on 1.38 acres and includes 5 bedrooms, 5 full and 2 half bathrooms. The cathedral ceiling family room with fieldstone fire place coupled with the beautifully designed gourmet kitchen with an eat in area, overlooks a private deck, professionally landscaped yard and 100 acres of town land.

Please visit www.78merriamst.com for more information.

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.

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.

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

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.

Read the full article here

Case-Schiller Index - Home Prices Edge Higher Amid Wobbly Market

Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year.

Review the Case-Schiller report by downloading here

National Association of Realtors - Pending Home Sales Slip in July

The consensus estimated an increase of 1.1% however pending home sales slipped 1.3%....

Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.3 percent to 89.7 in July from 90.9 in June but is 14.4 percent above the 78.4 index in July 2010. The data reflects contracts but not closings.

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