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• Trulia’s March Price Reduction Report - Home Sellers cut $21.6 Billion off Asking Prices

  MSC Marketing 9:11 am on March 11, 2010 | Comments:0
  Tags: Consumer news and advice (159), historical prices, housing market (46), real estate (163), sellers (35)   Filed under: Buyer Info, Charts, Consumer news and advice, Seller Info, Statistics

  
   photo credit: jackenhack

  March 9, 2010

  Today Trulia announced a new all-time low for national home price reduction levels since the company started tracking in April 2009, with 19 percent of listings currently on the market in the United States as of March 1, 2010 experiencing at least one price cut. This represents a 10 percent decrease from the previous month and the first time price reduction levels have dropped below 20 percent. The total dollar amount slashed from home prices dropped to $21.6 billion and the average discount for price-reduced homes continues to hold at 11 percent off of the original listing price.

  Many major metros* across the U.S. have seen steady declines in price reductions during the past few months. (More …)

  
   
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• Home Price Reduction Levels Drop to 2009 Low

  MSC Marketing 3:13 pm on December 11, 2009 | Comments:0
  Tags: historical prices, home buyers (115), housing affordability (45), market emotion (30), median home prices (11), real estate (163)   Filed under: Buyer Info, Statistics, The Housing Market

  

  RISMEDIA, December 11, 2009—Trulia, Inc., a real estate search site, has announced that 22% of homes currently on the market in the United States as of December 1, 2009 have experienced at least one price cut, the lowest level since Trulia started tracking price reductions in April 2009. The total amount slashed from home prices also dropped from $28.1 billion in November to $24.7 billion in December, representing a 12% decrease. The average discount for price-reduced homes slightly increased to 11% off of the original listing price compared to 10% in the previous four months. The number of listings on Trulia also decreased by 9% from the previous month.

  South Reports Least Amount of Homes Reduced
  The South has the lowest levels of price reductions, with 19% of current listings experiencing at least one price cut, a 21% decrease from the previous month. Kentucky, Louisiana, Arkansas Oklahoma and Mississippi are all seeing less than 15% of listings with price reductions. (Regions according to the U.S. Census Bureau)

  -South – 19% of listings with price reductions
  -West – 20% of listings with price reductions
  -Midwest – 22% of listings with price reductions
  -Northeast – 25% of listings with price reductions

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• Quick Facts- 3rd Quarter of Christie's Great Estates

  MSC Marketing 3:57 pm on October 20, 2009 | Comments:0
  Tags: agents (23), global affiliations (24), historical prices, Luxury (28), real estate (163), residential (65), web statistics (31)   Filed under: Global Affiliates, International Currency, Statistics, Web Stats 2009

  Here are some quick facts from The 3^rd Quarter of Christie’s Great Estates including top real estate sales, web statistics for http://www.christiesgreatestates.com and top listings .

  

  Here are some quick facts from The 3rd Quarter of Christie’s Great Estates.

  
   
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• Housing Affordability Index

  MSC Marketing 10:29 am on June 10, 2009 | Comments:0
  Tags: consumer confidence (52), H.A.I., historical prices, housing affordability (45), median home prices (11), median income (2), mortgage (54)   Filed under: Buyer Info, Statistics

  • More people can afford to buy a home than at any time in history.
  • The most recent composite H.A.I. value of 158.8 means that a family earning the median income has 158.8 percent of the income needed to qualify for a mortgage on a median-priced home. (In other words, a higher index number means housing is more affordable; a lower index number means housing is less affordable.)
  • Median home prices have fallen dramatically over the past year, pushing affordability to its highest peak in nearly 40 years! (Source: NAR projection based on 5.2% mortgage interest rate).
  • When prices begin to rise again, affordability will naturally decline.

  

  Housing Affordability Index