米国房市
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作者:Solstice (等级:2 - 初出茅庐,发帖:76) 发表:2008-08-02 12:26:53  楼主  关注此帖评分:
米国房市
小新股市紧跟米国股市,米国股市由房事起, 找了一批图,大家看看

























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作者:马脚8 (等级:3 - 略知一二,发帖:285) 发表:2008-08-02 14:24:02  2楼
谢谢! Why the current housing collapse is SO DIFFERENT from old ones?zt
The answer is FORECLOSURE. Previous housing collapse were without any exception related to employment loss resulting from weaknesses in the mainstream industries, such as end of cold war with loss of defense manufacturings, or end of technology boom with loss of profit from previous booming companies, or going back further, the collapse of oil industries devastating places like Texas. All these previous collapses were due to loss of employment forcing employees to sell their houses at below market rate, pulling down the housing market...

Today, it's very different. Today's collapse is almost completely due to housing industry woes alone, including its early financing schemes and now credit crunch. That's why Hispanics as an ethnic group is the most severely hit because most of their employment are in the housing or commercial building industries. Today's collapse is a foreclosure vicious cycle that feeds onto itself, making it spiral down without control. It loosk more like a financial system failure than a normal economic phenomenon.

With the above understanding, we are seeing that banks are massively taking over regular people as sellers. In California, foreclosure rate has reached historical high in 20 years with nearly one of every 171 households in the US are receiving a foreclosure filing. Historically, this never happened before. Today's sales market is so different from the past. Nearly 40% of total sales are foreclosure fire sales. With banks becoming sellers, prices have been crushed to the bottom of the barrel. Many hispanic concentrated locations have seen prices going back to the mid 90s level, and in some unique locations, back to 80s level. That kind of overshot would not have happened without banks acting as sellers and got the whole REO market into a fire sales bonanza. And multiple banks are competing among themselves to see who can sell their inventories faster than the other guys. This is a self fulfilling vicious down spiral that appears to be out of control.

Then came along the Housing Rescue Bill. Government and Congress are fully aware of this spiral that's out of control, potentially is going to spread and then sink most of the otherwise good school and normal neighborhoods if not contained soon. That's why they are passing this bill to stem this spiral at the expense of future tax payers and global bond holders.

The point is clear. With today's unique banks fire-sale competition, the price overshot has happened faster and earlier than all previous collapses. Without the Housing Bill, this trouble will soon spread outward to better neighborhoods, sacrifising everybody, including most of us in this board who own houses.

With the passing of the bill, the spread may be contained to Hispanic regions or other lower income regions or outer suburbs and fringe cities, putting a bottom to the downward spiral.

We are at such a unique historical juncture that nobody has ever experienced. The situation is very different today. Old strategy may not apply today.
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作者:Solstice (等级:2 - 初出茅庐,发帖:76) 发表:2008-08-03 00:27:47  3楼
重贴,加说明

<B>Median and Average Sales Prices</B><br>
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<B>Average U.S. Real Estate Price (monthly chart) along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT>
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<B>Average</B></FONT><FONT SIZE= 4 ><B> U.S Real Estate Price Log Chart </B></FONT><B>(monthly chart)</B><B> </B><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 mo</B><B>nth rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT>
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<B>Average</B><FONT SIZE= 4 ><B> U.S. Real Estate Price (Logarithmic Graph) divided by CPI (Consumer Price Index)</B></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Average</B></FONT><FONT SIZE= 4 ><B> U.S. RE Price </B></FONT><B>(recent monthly chart)</B><FONT SIZE= 4 ><B> </B></FONT><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Median</B></FONT><FONT SIZE= 4 ><B> U.S. Real Estate Price </B></FONT><B>(monthly chart) along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Median </B><FONT SIZE= 4 ><B>U.S. Real Estate Price (Logarithmic Graph) </B></FONT></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Median</B></FONT><FONT SIZE= 4 ><B> U.S. RE Price </B></FONT><B>(recent monthly chart)</B><FONT SIZE= 4 ><B> </B></FONT><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>How many Ounces of Gold does it take &nbsp;to buy the Average U.S. House? </B></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>How many shares of the Dow Jones Industrial Average does it take &nbsp;to buy the Average U.S. House? </B></FONT>
<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><B>Average U.S. &nbsp;real estate price divided by Dow Industrial</B></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>CME Composite Housing Index Futures</B></FONT><B> </B><B>(</B><B>CME Housing futures are cash-settled to a weighted composite index of U.S. real estate prices)</B></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Boston (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: San Diego &nbsp;</B><B>(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Las Vegas &nbsp;</B><B>(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: San Francisco &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Chicago (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Miami (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: New York &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Los Angeles &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Denver &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">7/24/08 U.S. existing home sales fell 2.6% on the month.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/26/08 U.S. existing home sales were at an annual rate of 4.99 million units, up 2.0% in May. At the current sale pace, this represent a 10.8 month supply.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/25/08 U.S. New home sales were at an annual rate of 512,000 units in May, down 2.5% from April's pace. YoY new home sales are down 37%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/24/08 The S&P/Case-Shiller index of U.S. home prices fell 1.4% in April and down 15.3% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/28/08 The S&P/Case-Shiller home-price index fell 14.4% YoY. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/23/08 U.S. existing home sales fell 1% MoM to a 4.89 million-unit annual rate, the National Association of Realtors said.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">The median price of an existing home fell to $202,300 from $219,900 in April 2007.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">The number of previously owned unsold homes on the market at the end of April jumped to 4.55 million from 4.12 million in March. This represented 11.2 months' supply at the current sales pace.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/17/08 U.S. Home construction rose 8.2% in April, making the biggest increase in two years. However, the rise was driven by a surge in multifamily housing, while single-family starts dropped.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/7/08 U.S. pending home sales index fell 1.0% in March and down 20.1% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/29/08 According to the Standard & Poor's Case-Shiller home price index U.S. home prices fell 12.7% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/23/08 U.S. New home sales were at an annual rate of 526,000 in March, down 8.5% from February's pace and down 36.6% YoY. New homes for sale rose from 10.2 to an 11-month supply.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/22/08 The National Association of Realtors said existing home sales fell 2% MoM, and 19% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/15/08 <FONT COLOR="#000000">U.S. housing starts fell 11.9% MoM and 36.5% YoY</FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">3/25/08 Standard & Poor's/Case-Shiller index of U.S. home prices fell by 11.4% in January, the biggest monthly drop since the index began in 1987.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/29/08 According to Standard & Poor's/Case-Shiller, U.S. home prices fell 8.4% YoY. With double-digit declines recorded in some hard-hit areas, such as Miami, San Diego, Las Vegas and Detroit. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/28/08 U.S. New-home sales fell 4.7% MoM, and 26% YoY. The median price of a new home fell 10% YoY to $219,200.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/24/08 U.S. existing home sales are down 2.2% MoM and down 22% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">Prices of single family homes were down 1.8% in 2007 -- the first decline since records began four decades ago.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/11/07 The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/27/07 U.S. Home prices fell 4.5% in the third quarter from a year earlier.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/30/07 US real estate wealth is expected to fall anywhere from US$2 trillion to US$4 trillion when the total costs of the recent credit crunch are tallied, the New York Times reported. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/25/07 U.S. New home sales fell 23% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/24/07 U.S. Existing home sales fell 8.0% from August's pace -- the lowest since records began in 1999.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/17/07 U.S. Housing starts were down 10.2% MoM and down 31% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">9/28/07 New homes sales in the U.S. dropped 8.3 percent to an annual pace of 795,000 in August. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">9/21/07 A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will sink into recession, former Fed chief Alan Greenspan was quoted as saying.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">8/26/07 The U.S. Census Bureau said new home sales were at an annual rate of 870,000 in July, up 2.8% from June's rate. So far in 2007, new home sales are down 21% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">7/19/07 Losses in the fast-unraveling subprime lending market could top $100 billion, but the Federal Reserve is taking measures to protect borrowers, according to Fed Chairman Bernanke.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/26/07 The U.S. Census Bureau said new home sales were down 1.6% from April's pace, and down 21% YoY. This is the fourth drop in the past five months, providing further evidence of a continued slump in housing.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/25/07 The National Association of Realtors said that U.S. existing home sales were down 0.3% MoM -- better than expected.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><IMG BORDER="0" SRC="Symb075c00b700c8ff330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">5/07/ <U>Bernanke Warned by Real Estate Analysts:Housing Collapse Is Much Worse Than You Say</U></A> </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/25/07 The National Association of Realtors reports U.S. existing home sales down 2.6% from March's pace and the lowest level in over three years. Current inventories of homes for sale represent an 8.4 month supply, the most in 15 years.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/1/07 The National Association of Realtors said pending U.S. home sales fell 4.9% in March, more than expected.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/20/07 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.12 million units in March, down 8.4% from the previous month and weaker than expected. YoY Median home prices were down 0.3% in March.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/3/07 The National Association of Realtors said U.S. pending home sales increased from 108.5 to 109.3 in February, more than expected.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">3/26/07 U.S. New home sales were weaker than expected down 3.9% from January's pace. This # is dimming hopes for a rebound in the housing market and increasing worries about the health of the economy</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">3/13/07 Question marks continue to hang over the US mortgage market. The Securities & Exchange Commission is investigating troubled subprime mortgage lender New Century, the firm has revealed.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">2/28/07 New home sales fell by 16.6%, the Commerce Department said Wednesday. The monthly decline was the biggest, since a 23.8 percent drop-off in January 1994. The median sales price of a new U.S. home rose $400 to $239,800.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">2/26/07 <FONT COLOR="#0033FF"><U>US mortgage crisis goes into meltdown</U></A></FONT> Nouriel Roubini, economics professor at New York University, says the housing bust is slowly pulling America into recession. He cites a 14.4pc drop in housing starts last month; an expected loss of 600,000 real estate jobs in 2007; a sharp fall in home equity withdrawals - down from 6pc of GDP at the top of the boom; and a squeeze as $1,000bn of mortgages are adjusted upwards this year to higher interest rates.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">2/12/07 The number of U.S. homes entering foreclosure rose to 130,511 in January, up 25% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/28/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.28 million units in November, up 0.6% from October's pace, but still down 10.7% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/19/06 U.S. Housing starts came in at an annual rate of 1.588 million units in November, up 6.7% from October's pace. So far in 2006 housing starts are down 12.5% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/11/06 The National Association of Realtors expects U.S. existing home sales down 8.6% in 2006 and down 1.0% in 2007.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/29/06 U.S. New home sales were at an annual rate of 1.004 million units in October, down 3.2% from September's pace and less than expected. YoY new home sales are down 18%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/28/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.24 million units in October, better than expected and up 0.5% from September's pace. The 3.85 million homes for sale in October represented a 7.4 month supply, the most in 13 years.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/26/06 The Commerce Department reported the median price for a new home sold in September was $217,100, down 9.7 % from September 2005. This is the lowest median price for a new home since September 2004 and the largest year-over-year decline since December 1970.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">Sales of new homes rose by 5.3 percent to a seasonally adjusted annual rate 1.075 million homes This is second consecutive increase in sales following three months of declines.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/25/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.18 million units in September, down 1.9% MoM.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">The number of existing homes for sale dropped 2.4% to 3.75 million, a 7.3 month supply.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/5/06 The MBA mortgage applications index rose sharply by +11.9%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">9/27/06 U.S New home sales were up 4.1% MoM. New home inventory dropped from 7.0 to 6.6 months. YoY new home sales are down 16%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">9/25/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.30 million units in August, more than expected. The median home price was down 1.7% from a year ago, the first annual drop in eleven years.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">From Barron抯 8/21/06</FONT></div>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">32.6% of new mortgages and home-equity loans in 2005 were interest only, up from 0.6% in 2000</FONT></div>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">43% of first-time homebuyers in 2005 put no money down</FONT></div>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">15.2% of 2005 buyers owe at least 10% more than their home is worth</FONT></div>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10% of all homeowners with mortgages have no equity in their homes$</FONT></div>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">2.7 trillion dollars in loans will adjust to higher rates in 2006 and 2007 </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">8/24/06 &nbsp;New home sales fell 4.3% in July, the Commerce Department said Thursday. For 2006, new home sales were down 14% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">8/2/06 The Mortgage Bankers Association said its index of mortgage applications is at the lowest level since May 2002.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">7/6/06 The National Association of Realtors reported its May index for pending sales of existing homes rose at a seasonally adjusted annual rate of 1.3% to 113.4 from April's 111.9.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/30/06 The Commerce Department said that construction spending was at $1.21 billion in May, down 0.4% from April's rate.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/28/06 U.S. Mortgage applications dropped from 567.6 to 529.6 last week, hurt by the recent rise in mortgage rates.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/27/06 Buyers in more markets find housing out of reach</FONT></div>
<div style="margin-left:24px; margin-top:3px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New">San Diego could be a poster child for the affordability crisis. Home prices here have risen 142% since the start of 2000. Only 9% of residents could afford the median home if they had to put down 20% of the purchase price. Even so, a dizzying array of high-risk adjustable-rate mortgages has sustained the market by helping more people qualify.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/26/06 U.S. New home sales were up 4.6% from April's pace and more than expected. For 2006, new home sales are down 11% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/20/06 The U.S. Census Bureau said housing starts were at an annual rate of 1.957 million units in May, up 5.0% from April's pace and more than expected. YoY housing starts are down 1.7%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/16/06 Bloomberg news reported that sentiment among homebuilders dropped from 46 to 42 in June, the most dire outlook in eleven years.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">6/19/06 Late payments and new foreclosures on U.S. homes declined in the first quarter of 2006 compared with the last quarter of 2005, reflecting an improving economy and job creation, the Mortgage Bankers Association said on Monday.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">5/24/06 U.S. New home sales were at an annual rate of 1.198 million units in April, up 4.9%. For 2006, new home sales are down 11% YoY.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">4/26/06 U.S. new home sales were at an annual rate of 1.213 million units in March, up 14% from February's pace and more than expected, but down 7% from March of 2005. So far in 2006, new home sales are down 8.2% from a year ago.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">3/1/06 T<B>he average U.S. home increased 12.95% in value in 2005</B>, the Office of Federal Housing Enterprise Oversight said Wednesday.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">2/27/06 New home sales fell 5% in January to the lowest level in a year, the Commerce Department reported Monday. Sales fell for the fourth time in six months during a balmy January, while the number of homes on the market hit a record high (Ed. Note: Right now, the <B>number of homes on the market in the United States is 528,000)</B> - the largest supply of homes in nine years. Sales are down four times in six months. December home sales rose 3.8%. Sales fell 7.0% in November, rose 7.7% in October, sank 2.0% in September and fell 7.1% in August.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/27/06 New home sales were at an annual rate of 1.269 million units in December, up 2.9% from November's rate. For all of 2005, there were 1.282 million new homes sold, a new record high -- 6.6% more than the previous year.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/25/06 U.S. Existing home sales were at an annual rate of 6.6 million units in December, down 5.7% from November's pace. There are 2.8 million homes for sale in the U.S. -- a five month supply.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/19/06 U.S. New housing starts fell 8.9% in December from November, the Commerce Department reported Thursday. For all of 2005, housing starts were up 5.6% and construction of single family homes hit a new record high of 1.714 million units.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">1/18/06 43% of first-time home buyers put no money down. The median first-time home buyer scraped together a down payment of only 2% on a $150,000 home in 2005, the NAR found.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/29/05 Home resales fell to a 6.97 million seasonally adjusted annual rate last month, a 1.7% decline from October's unrevised 7.09 million, the National Association of Realtors said Thursday. Sales dropped by 2.7% in October. The National Association of Realtors said there are 2.90 million homes for sale in the U.S. -- a five-month supply.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/14/05 Delinquencies on U.S. home mortgages rose in the third quarter due to the displacement of people by Hurricane Katrina but they fell from a year earlier as the economy improved, an industry group said on Wednesday. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">12/06/05 <FONT COLOR="#0033FF"><U>Housing Bubble Bursts</U></A></FONT> in the Market for U.S. Mortgage Bonds </FONT></div>
<div style="margin-left:24px; margin-top:3px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New">Bonds backed by home loans to the riskiest borrowers, the fastest growing part of the $7.6 trillion mortgage market, have lost about 2.5 percent since September on concern an 18-month rise in interest rates may force more than 150,000 consumers to default.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/29/05 The Commerce Department reported that new home sales rose by 13 percent in October to a record 1.424 million and more than expected. The big jump came from the western and northeastern regions. YoY, new home sales are up 7.6%.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/28/05 Sales of previously owned U.S. homes fell 2.7 percent last month to a 7.09 million annual rate, the slowest since March, the National Association of Realtors said. The number of unsold homes was the highest since April 1986.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">11/3/05 The National Association of Realtors said its pending home sales index fell by 0.3% to 128.8 from August's 129.2. The level was 3.3% higher than September 2004.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/27/05 U.S. new home sales rose 2.1% in September (an annual rate of 1.222 million units) , turning around a decline the previous month, the Commerce Department reported Thursday. So far this year, new home sales are up 6.4% YoY. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">10/19/05 The Mortgage Bankers Association said its index of mortgage loan application volume for the week ended Oct. 14 increased 6.1 percent to 737.5, reversing direction after falling for three successive weeks.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">09/28/05 California's housing market is overvalued by up to 45 percent and at a "tipping point" that will end its red-hot growth cycle, the UCLA Anderson Forecast projected on Wednesday.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">09/26/05 Sales of existing homes rose to the second-highest level on record in August, to a 7.29 million annual rate, and the median price rose 15.8 percent to a record $220,000 the &nbsp;National Association of Realtors said Monday. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">09/26/05 While the high-flying housing market still holds risks, especially for the financially stretched, most homeowners are in a fairly good position to weather a shock if prices drop, Federal Reserve Chairman Alan Greenspan said Monday.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">08/24/05 The U.S. Commerce Department said that new home sales were at an annual rate of 1.41 million units in July, up 6.5% from June's rate and stronger than anticipated. So far in 2005, new home sales are up 8% from a year ago.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">08/23/05 <FONT COLOR="#000000">U.S. existing home sales were at an annual rate of 7.16 million units in July, down 2.6% for the month.</FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">07/25/05 Sales of existing homes rose at an annual rate of 7.33 million units in June, up 2.7% on the month and up 15% YoY.</FONT></div>
<div style="margin-left:24px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><FONT COLOR="#000000"><br>"0" VSPACE="0">06/02/05 </FONT>Playmate of the Month, Jamie Westenhiser, says she is abandoning a promising career as a model in order to "take up real estate investing." (<I>Bells Ringing ?)</I></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">05/25/05 U.S. new home sales were at an annual rate of 1.316 million units in April, up 0.2% from March's pace and a new record high. So far in 2005, new home sales are up 6% from a year ago. The median sales price of a new home rose 3.8% YoY to $230,800.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">04/25/05 Sales of existing homes and condominiums rose by 1 percent in March to the third-highest sales pace on record while the nationwide median price jumped by the largest amount in more than 14 years, a real estate trade group reported Monday.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">04/07/05 <FONT COLOR="#0033FF"><U>New Foreclosure</U></A></FONT> Inventory in U.S. Rises Nearly Fifty Percent in March Some 28,190 new foreclosed residential properties were listed for sale in the U.S. during March 2005, reports Foreclosure.com. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">03/07/05 <FONT COLOR="#0033FF"><U>Pending home sales down 2.1% in Jan.</U></A></FONT> In a new indicator designed to provide faster and more accurate information on emerging trends in the housing market, the pending sales of previously owned homes fell in January, the National Association of Realtors said </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">03/04/05 House prices in the U.K. were down 0.5% in February. </FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">03/01/05 The latest U.S. Real Estate data from the Census Bureau appears to have a discrepancy of some magnitude. The January 揂verage?U.S. home price is up by about $1000, while the 揗edian?price is down by some $30,000, or 13%. A typo?</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>"0" VSPACE="0">02/18/05 </FONT><U>Emerging markets most popular for foreign</U></A> <FONT COLOR="#000000">property. Nick Clark, managing director of the Homebuyer Show, commented that opportunities to purchase property abroad are now within the reach of more people than ever."Buying a property overseas has been a distant dream for many people for a long time," he said.</FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">02/15/05 <FONT COLOR="#0033FF"><U>Roughly $660 million </U></A></FONT>of the $830 million that flowed into sector ETFs last week went to the iShares Dow Jones U.S. Real Estate.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>"0" VSPACE="0">01/26/05</FONT><U> </U></A><U>Sales of previously owned homes rose</U></A><FONT COLOR="#000000"> 9.4 percent to an all-time high of 6.68 million units last year as home buyers continued to enjoy some of the lowest mortgage rates in decades. </FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>"0" VSPACE="0">10/20/04 </FONT><U>Greenspan - What, Me Worry?</U></A> <FONT COLOR="#000000">Not much seems to trouble Federal Reserve Chairman Alan Greenspan these days -- not oil at more than $50 a barrel, record levels of consumer debt, nor a possible U.S. housing bubble. </FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">09/24/04 U.S. existing home sales were at an annual rate of 6.54 million units in August, down 2.7% from July's pace.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">09/08/04 <FONT COLOR="#0033FF"><U>Mortgage Applications at 4-Month High</U></A></FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">08/27/04 <FONT COLOR="#0033FF"><U>Median home price up 9.1%</U></A></FONT></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">08/24/04 The median price of an existing, single-family detached home in San Diego was $582,490 in July, compared to $580,670 the previous month, the California Association of Realtors reported today.</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">05/28/04 Sales of American Homes rose by 2.5% to near-record highs in April. New home sales, by contrast fell unexpectedly by 11.8% in April</FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>"0" VSPACE="0">03/05/04</FONT> <U>All Real Estate, All the Time</U></A></FONT></div>
<div style="margin-left:24px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>"0" VSPACE="0">01/16/04 <FONT COLOR="#0033FF"><U>Real estate agent pool getting more crowded </U></A></FONT></FONT>
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作者:Solstice (等级:2 - 初出茅庐,发帖:76) 发表:2008-08-03 00:36:00  4楼
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<B>Median and Average Sales Prices</B><br>
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<B>Average U.S. Real Estate Price (monthly chart) along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT>
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<B>Average</B></FONT><FONT SIZE= 4 ><B> U.S Real Estate Price Log Chart </B></FONT><B>(monthly chart)</B><B> </B><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 mo</B><B>nth rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT>
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<B>Average</B><FONT SIZE= 4 ><B> U.S. Real Estate Price (Logarithmic Graph) divided by CPI (Consumer Price Index)</B></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Average</B></FONT><FONT SIZE= 4 ><B> U.S. RE Price </B></FONT><B>(recent monthly chart)</B><FONT SIZE= 4 ><B> </B></FONT><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Median</B></FONT><FONT SIZE= 4 ><B> U.S. Real Estate Price </B></FONT><B>(monthly chart) along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Median </B><FONT SIZE= 4 ><B>U.S. Real Estate Price (Logarithmic Graph) </B></FONT></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>Median</B></FONT><FONT SIZE= 4 ><B> U.S. RE Price </B></FONT><B>(recent monthly chart)</B><FONT SIZE= 4 ><B> </B></FONT><B>along with 12 month xaverage in </B><FONT COLOR="#FF0000"><B>red,</B></FONT><B> and 12 month rate of change (ROC) </B><FONT COLOR="#006600"><B>green.</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>How many Ounces of Gold does it take &nbsp;to buy the Average U.S. House? </B></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>How many shares of the Dow Jones Industrial Average does it take &nbsp;to buy the Average U.S. House? </B></FONT>
<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><B>Average U.S. &nbsp;real estate price divided by Dow Industrial</B></FONT>
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<FONT SIZE="3" COLOR="#000000" FACE="Courier New"><FONT SIZE= 4 ><B>CME Composite Housing Index Futures</B></FONT><B> </B><B>(</B><B>CME Housing futures are cash-settled to a weighted composite index of U.S. real estate prices)</B></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Boston (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: San Diego &nbsp;</B><B>(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Las Vegas &nbsp;</B><B>(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: San Francisco &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Chicago (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Miami (</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: New York &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Los Angeles &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="4" COLOR="#000000" FACE="Courier New"><B>Real Estate Prices: Denver &nbsp;(</B><FONT SIZE= 3 ><B>CME Housing futures)</B></FONT></FONT>
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<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*7/24/08 U.S. existing home sales fell 2.6% on the month.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/26/08 U.S. existing home sales were at an annual rate of 4.99 million units, up 2.0% in May. At the current sale pace, this represent a 10.8 month supply.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/25/08 U.S. New home sales were at an annual rate of 512,000 units in May, down 2.5% from April's pace. YoY new home sales are down 37%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/24/08 The S&P/Case-Shiller index of U.S. home prices fell 1.4% in April and down 15.3% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/28/08 The S&P/Case-Shiller home-price index fell 14.4% YoY. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/23/08 U.S. existing home sales fell 1% MoM to a 4.89 million-unit annual rate, the National Association of Realtors said.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*The median price of an existing home fell to $202,300 from $219,900 in April 2007.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*The number of previously owned unsold homes on the market at the end of April jumped to 4.55 million from 4.12 million in March. This represented 11.2 months' supply at the current sales pace.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/17/08 U.S. Home construction rose 8.2% in April, making the biggest increase in two years. However, the rise was driven by a surge in multifamily housing, while single-family starts dropped.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/7/08 U.S. pending home sales index fell 1.0% in March and down 20.1% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/29/08 According to the Standard & Poor's Case-Shiller home price index U.S. home prices fell 12.7% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/23/08 U.S. New home sales were at an annual rate of 526,000 in March, down 8.5% from February's pace and down 36.6% YoY. New homes for sale rose from 10.2 to an 11-month supply.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/22/08 The National Association of Realtors said existing home sales fell 2% MoM, and 19% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/15/08 <FONT COLOR="#000000">U.S. housing starts fell 11.9% MoM and 36.5% YoY</FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*3/25/08 Standard & Poor's/Case-Shiller index of U.S. home prices fell by 11.4% in January, the biggest monthly drop since the index began in 1987.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/29/08 According to Standard & Poor's/Case-Shiller, U.S. home prices fell 8.4% YoY. With double-digit declines recorded in some hard-hit areas, such as Miami, San Diego, Las Vegas and Detroit. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/28/08 U.S. New-home sales fell 4.7% MoM, and 26% YoY. The median price of a new home fell 10% YoY to $219,200.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/24/08 U.S. existing home sales are down 2.2% MoM and down 22% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*Prices of single family homes were down 1.8% in 2007 -- the first decline since records began four decades ago.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/11/07 The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/27/07 U.S. Home prices fell 4.5% in the third quarter from a year earlier.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/30/07 US real estate wealth is expected to fall anywhere from US$2 trillion to US$4 trillion when the total costs of the recent credit crunch are tallied, the New York Times reported. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/25/07 U.S. New home sales fell 23% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/24/07 U.S. Existing home sales fell 8.0% from August's pace -- the lowest since records began in 1999.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/17/07 U.S. Housing starts were down 10.2% MoM and down 31% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*9/28/07 New homes sales in the U.S. dropped 8.3 percent to an annual pace of 795,000 in August. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*9/21/07 A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will sink into recession, former Fed chief Alan Greenspan was quoted as saying.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*8/26/07 The U.S. Census Bureau said new home sales were at an annual rate of 870,000 in July, up 2.8% from June's rate. So far in 2007, new home sales are down 21% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*7/19/07 Losses in the fast-unraveling subprime lending market could top $100 billion, but the Federal Reserve is taking measures to protect borrowers, according to Fed Chairman Bernanke.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/26/07 The U.S. Census Bureau said new home sales were down 1.6% from April's pace, and down 21% YoY. This is the fourth drop in the past five months, providing further evidence of a continued slump in housing.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/25/07 The National Association of Realtors said that U.S. existing home sales were down 0.3% MoM -- better than expected.</FONT>
<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><IMG BORDER="0" SRC="Symb075c00b700c8ff330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE=*5/07/ <U>Bernanke Warned by Real Estate Analysts:Housing Collapse Is Much Worse Than You Say</U> </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/25/07 The National Association of Realtors reports U.S. existing home sales down 2.6% from March's pace and the lowest level in over three years. Current inventories of homes for sale represent an 8.4 month supply, the most in 15 years.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/1/07 The National Association of Realtors said pending U.S. home sales fell 4.9% in March, more than expected.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/20/07 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.12 million units in March, down 8.4% from the previous month and weaker than expected. YoY Median home prices were down 0.3% in March.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/3/07 The National Association of Realtors said U.S. pending home sales increased from 108.5 to 109.3 in February, more than expected.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*3/26/07 U.S. New home sales were weaker than expected down 3.9% from January's pace. This # is dimming hopes for a rebound in the housing market and increasing worries about the health of the economy</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*3/13/07 Question marks continue to hang over the US mortgage market. The Securities & Exchange Commission is investigating troubled subprime mortgage lender New Century, the firm has revealed.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*2/28/07 New home sales fell by 16.6%, the Commerce Department said Wednesday. The monthly decline was the biggest, since a 23.8 percent drop-off in January 1994. The median sales price of a new U.S. home rose $400 to $239,800.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*2/26/07 <FONT COLOR="#0033FF"><U>US mortgage crisis goes into meltdown</U> </FONT> Nouriel Roubini, economics professor at New York University, says the housing bust is slowly pulling America into recession. He cites a 14.4pc drop in housing starts last month; an expected loss of 600,000 real estate jobs in 2007; a sharp fall in home equity withdrawals - down from 6pc of GDP at the top of the boom; and a squeeze as $1,000bn of mortgages are adjusted upwards this year to higher interest rates.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*2/12/07 The number of U.S. homes entering foreclosure rose to 130,511 in January, up 25% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/28/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.28 million units in November, up 0.6% from October's pace, but still down 10.7% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/19/06 U.S. Housing starts came in at an annual rate of 1.588 million units in November, up 6.7% from October's pace. So far in 2006 housing starts are down 12.5% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/11/06 The National Association of Realtors expects U.S. existing home sales down 8.6% in 2006 and down 1.0% in 2007.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/29/06 U.S. New home sales were at an annual rate of 1.004 million units in October, down 3.2% from September's pace and less than expected. YoY new home sales are down 18%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/28/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.24 million units in October, better than expected and up 0.5% from September's pace. The 3.85 million homes for sale in October represented a 7.4 month supply, the most in 13 years.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/26/06 The Commerce Department reported the median price for a new home sold in September was $217,100, down 9.7 % from September 2005. This is the lowest median price for a new home since September 2004 and the largest year-over-year decline since December 1970.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*Sales of new homes rose by 5.3 percent to a seasonally adjusted annual rate 1.075 million homes This is second consecutive increase in sales following three months of declines.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/25/06 The National Association of Realtors said U.S. existing home sales were at an annual rate of 6.18 million units in September, down 1.9% MoM.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*The number of existing homes for sale dropped 2.4% to 3.75 million, a 7.3 month supply.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/5/06 The MBA mortgage applications index rose sharply by +11.9%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*9/27/06 U.S New home sales were up 4.1% MoM. New home inventory dropped from 7.0 to 6.6 months. YoY new home sales are down 16%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*9/25/06 The National Association of Realtors said that U.S. existing home sales were at an annual rate of 6.30 million units in August, more than expected. The median home price was down 1.7% from a year ago, the first annual drop in eleven years.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*From Barron抯 8/21/06</FONT>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*32.6% of new mortgages and home-equity loans in 2005 were interest only, up from 0.6% in 2000</FONT>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*43% of first-time homebuyers in 2005 put no money down</FONT>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*15.2% of 2005 buyers owe at least 10% more than their home is worth</FONT>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10% of all homeowners with mortgages have no equity in their homes$</FONT>
<div style="margin-left:48px; margin-top:3px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*2.7 trillion dollars in loans will adjust to higher rates in 2006 and 2007 </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*8/24/06 &nbsp;New home sales fell 4.3% in July, the Commerce Department said Thursday. For 2006, new home sales were down 14% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*8/2/06 The Mortgage Bankers Association said its index of mortgage applications is at the lowest level since May 2002.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*7/6/06 The National Association of Realtors reported its May index for pending sales of existing homes rose at a seasonally adjusted annual rate of 1.3% to 113.4 from April's 111.9.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/30/06 The Commerce Department said that construction spending was at $1.21 billion in May, down 0.4% from April's rate.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/28/06 U.S. Mortgage applications dropped from 567.6 to 529.6 last week, hurt by the recent rise in mortgage rates.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/27/06 Buyers in more markets find housing out of reach</FONT>
<div style="margin-left:24px; margin-top:3px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New">San Diego could be a poster child for the affordability crisis. Home prices here have risen 142% since the start of 2000. Only 9% of residents could afford the median home if they had to put down 20% of the purchase price. Even so, a dizzying array of high-risk adjustable-rate mortgages has sustained the market by helping more people qualify.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/26/06 U.S. New home sales were up 4.6% from April's pace and more than expected. For 2006, new home sales are down 11% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/20/06 The U.S. Census Bureau said housing starts were at an annual rate of 1.957 million units in May, up 5.0% from April's pace and more than expected. YoY housing starts are down 1.7%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/16/06 Bloomberg news reported that sentiment among homebuilders dropped from 46 to 42 in June, the most dire outlook in eleven years.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*6/19/06 Late payments and new foreclosures on U.S. homes declined in the first quarter of 2006 compared with the last quarter of 2005, reflecting an improving economy and job creation, the Mortgage Bankers Association said on Monday.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*5/24/06 U.S. New home sales were at an annual rate of 1.198 million units in April, up 4.9%. For 2006, new home sales are down 11% YoY.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*4/26/06 U.S. new home sales were at an annual rate of 1.213 million units in March, up 14% from February's pace and more than expected, but down 7% from March of 2005. So far in 2006, new home sales are down 8.2% from a year ago.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*3/1/06 T<B>he average U.S. home increased 12.95% in value in 2005</B>, the Office of Federal Housing Enterprise Oversight said Wednesday.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*2/27/06 New home sales fell 5% in January to the lowest level in a year, the Commerce Department reported Monday. Sales fell for the fourth time in six months during a balmy January, while the number of homes on the market hit a record high (Ed. Note: Right now, the <B>number of homes on the market in the United States is 528,000)</B> - the largest supply of homes in nine years. Sales are down four times in six months. December home sales rose 3.8%. Sales fell 7.0% in November, rose 7.7% in October, sank 2.0% in September and fell 7.1% in August.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/27/06 New home sales were at an annual rate of 1.269 million units in December, up 2.9% from November's rate. For all of 2005, there were 1.282 million new homes sold, a new record high -- 6.6% more than the previous year.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/25/06 U.S. Existing home sales were at an annual rate of 6.6 million units in December, down 5.7% from November's pace. There are 2.8 million homes for sale in the U.S. -- a five month supply.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/19/06 U.S. New housing starts fell 8.9% in December from November, the Commerce Department reported Thursday. For all of 2005, housing starts were up 5.6% and construction of single family homes hit a new record high of 1.714 million units.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*1/18/06 43% of first-time home buyers put no money down. The median first-time home buyer scraped together a down payment of only 2% on a $150,000 home in 2005, the NAR found.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/29/05 Home resales fell to a 6.97 million seasonally adjusted annual rate last month, a 1.7% decline from October's unrevised 7.09 million, the National Association of Realtors said Thursday. Sales dropped by 2.7% in October. The National Association of Realtors said there are 2.90 million homes for sale in the U.S. -- a five-month supply.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/14/05 Delinquencies on U.S. home mortgages rose in the third quarter due to the displacement of people by Hurricane Katrina but they fell from a year earlier as the economy improved, an industry group said on Wednesday. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*12/06/05 <FONT COLOR="#0033FF"><U>Housing Bubble Bursts</U> </FONT> in the Market for U.S. Mortgage Bonds </FONT>
<div style="margin-left:24px; margin-top:3px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New">Bonds backed by home loans to the riskiest borrowers, the fastest growing part of the $7.6 trillion mortgage market, have lost about 2.5 percent since September on concern an 18-month rise in interest rates may force more than 150,000 consumers to default.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/29/05 The Commerce Department reported that new home sales rose by 13 percent in October to a record 1.424 million and more than expected. The big jump came from the western and northeastern regions. YoY, new home sales are up 7.6%.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/28/05 Sales of previously owned U.S. homes fell 2.7 percent last month to a 7.09 million annual rate, the slowest since March, the National Association of Realtors said. The number of unsold homes was the highest since April 1986.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*11/3/05 The National Association of Realtors said its pending home sales index fell by 0.3% to 128.8 from August's 129.2. The level was 3.3% higher than September 2004.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/27/05 U.S. new home sales rose 2.1% in September (an annual rate of 1.222 million units) , turning around a decline the previous month, the Commerce Department reported Thursday. So far this year, new home sales are up 6.4% YoY. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*10/19/05 The Mortgage Bankers Association said its index of mortgage loan application volume for the week ended Oct. 14 increased 6.1 percent to 737.5, reversing direction after falling for three successive weeks.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*09/28/05 California's housing market is overvalued by up to 45 percent and at a "tipping point" that will end its red-hot growth cycle, the UCLA Anderson Forecast projected on Wednesday.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*09/26/05 Sales of existing homes rose to the second-highest level on record in August, to a 7.29 million annual rate, and the median price rose 15.8 percent to a record $220,000 the &nbsp;National Association of Realtors said Monday. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*09/26/05 While the high-flying housing market still holds risks, especially for the financially stretched, most homeowners are in a fairly good position to weather a shock if prices drop, Federal Reserve Chairman Alan Greenspan said Monday.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*08/24/05 The U.S. Commerce Department said that new home sales were at an annual rate of 1.41 million units in July, up 6.5% from June's rate and stronger than anticipated. So far in 2005, new home sales are up 8% from a year ago.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*08/23/05 <FONT COLOR="#000000">U.S. existing home sales were at an annual rate of 7.16 million units in July, down 2.6% for the month.</FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*07/25/05 Sales of existing homes rose at an annual rate of 7.33 million units in June, up 2.7% on the month and up 15% YoY.</FONT>
<div style="margin-left:24px; text-indent:-24px; "><FONT SIZE="2" COLOR="#000000" FACE="Courier New"><FONT COLOR="#000000"><br>*06/02/05 </FONT>Playmate of the Month, Jamie Westenhiser, says she is abandoning a promising career as a model in order to "take up real estate investing." (<I>Bells Ringing ?)</I></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*05/25/05 U.S. new home sales were at an annual rate of 1.316 million units in April, up 0.2% from March's pace and a new record high. So far in 2005, new home sales are up 6% from a year ago. The median sales price of a new home rose 3.8% YoY to $230,800.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*04/25/05 Sales of existing homes and condominiums rose by 1 percent in March to the third-highest sales pace on record while the nationwide median price jumped by the largest amount in more than 14 years, a real estate trade group reported Monday.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*04/07/05 <FONT COLOR="#0033FF"><U>New Foreclosure</U> </FONT> Inventory in U.S. Rises Nearly Fifty Percent in March Some 28,190 new foreclosed residential properties were listed for sale in the U.S. during March 2005, reports Foreclosure.com. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*03/07/05 <FONT COLOR="#0033FF"><U>Pending home sales down 2.1% in Jan.</U> </FONT> In a new indicator designed to provide faster and more accurate information on emerging trends in the housing market, the pending sales of previously owned homes fell in January, the National Association of Realtors said </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*03/04/05 House prices in the U.K. were down 0.5% in February. </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*03/01/05 The latest U.S. Real Estate data from the Census Bureau appears to have a discrepancy of some magnitude. The January 揂verage?U.S. home price is up by about $1000, while the 揗edian?price is down by some $30,000, or 13%. A typo?</FONT>
<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>*02/18/05 </FONT><U>Emerging markets most popular for foreign</U> <FONT COLOR="#000000">property. Nick Clark, managing director of the Homebuyer Show, commented that opportunities to purchase property abroad are now within the reach of more people than ever."Buying a property overseas has been a distant dream for many people for a long time," he said.</FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*02/15/05 <FONT COLOR="#0033FF"><U>Roughly $660 million </U> </FONT>of the $830 million that flowed into sector ETFs last week went to the iShares Dow Jones U.S. Real Estate.</FONT>
<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>*01/26/05</FONT><U> </U> <U>Sales of previously owned homes rose</U> <FONT COLOR="#000000"> 9.4 percent to an all-time high of 6.68 million units last year as home buyers continued to enjoy some of the lowest mortgage rates in decades. </FONT></FONT>
<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>*10/20/04 </FONT><U>Greenspan - What, Me Worry?</U> <FONT COLOR="#000000">Not much seems to trouble Federal Reserve Chairman Alan Greenspan these days -- not oil at more than $50 a barrel, record levels of consumer debt, nor a possible U.S. housing bubble. </FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*09/24/04 U.S. existing home sales were at an annual rate of 6.54 million units in August, down 2.7% from July's pace.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*09/08/04 <FONT COLOR="#0033FF"><U>Mortgage Applications at 4-Month High</U> </FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*08/27/04 <FONT COLOR="#0033FF"><U>Median home price up 9.1%</U> </FONT></FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*08/24/04 The median price of an existing, single-family detached home in San Diego was $582,490 in July, compared to $580,670 the previous month, the California Association of Realtors reported today.</FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*05/28/04 Sales of American Homes rose by 2.5% to near-record highs in April. New home sales, by contrast fell unexpectedly by 11.8% in April</FONT>
<FONT SIZE="2" COLOR="#0033FF" FACE="Courier New"><FONT COLOR="#000000"><br>*03/05/04</FONT> <U>All Real Estate, All the Time</U> </FONT>
<FONT SIZE="2" COLOR="#000000" FACE="Courier New"><br>*01/16/04 <FONT COLOR="#0033FF"><U>Real estate agent pool getting more crowded </U> </FONT></FONT>



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作者:Solstice (等级:2 - 初出茅庐,发帖:76) 发表:2008-08-03 00:39:26  5楼 评分:
>>>重贴,加说明
Median and Average Sales Prices



Average U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.

Average U.S Real Estate Price Log Chart (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
Average U.S. Real Estate Price (Logarithmic Graph) divided by CPI (Consumer Price Index)
Average U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
Median U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
Median U.S. Real Estate Price (Logarithmic Graph)
Median U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green.
How many Ounces of Gold does it take &nbsp;to buy the Average U.S. House? How many shares of the Dow Jones Industrial Average does it take &nbsp;to buy the Average U.S. House? Average U.S. &nbsp;real estate price divided by Dow Industrial
CME Composite Housing Index Futures (CME Housing futures are cash-settled to a weighted composite index of U.S. real estate prices)
Real Estate Prices: Boston (CME Housing futures)
Real Estate Prices: San Diego &nbsp;(CME Housing futures)
Real Estate Prices: Las Vegas &nbsp;(CME Housing futures)
Real Estate Prices: San Francisco &nbsp;(CME Housing futures)
Real Estate Prices: Chicago (CME Housing futures)
Real Estate Prices: Miami (CME Housing futures)

Real Estate Prices: New York &nbsp;(CME Housing futures)

Real Estate Prices: Los Angeles &nbsp;(CME Housing futures)Real Estate Prices: Denver &nbsp;(CME Housing futures)

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作者:Solstice (等级:2 - 初出茅庐,发帖:76) 发表:2008-08-03 00:40:20  6楼
>>>重贴,加说明 Median and Average Sales Prices Average U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green. Average U.S Real Estate Price Log Chart (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green. Average U.S. Real Estate Price (Logarithmic Graph) divided by CPI (Consumer Price Index) Average U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green. Median U.S. Real Estate Price (monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green. Median U.S. Real Estate Price (Logarithmic Graph) Median U.S. RE Price (recent monthly chart) along with 12 month xaverage in red, and 12 month rate of change (ROC) green. How many Ounces of Gold does it take &nbsp;to buy the Average U.S. House? How many shares of the Dow Jones Industrial Average does it take &nbsp;to buy the Average U.S. House (more...)
看这个,贴个图真麻烦
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作者:芳林 (等级:5 - 略有小成,发帖:3151) 发表:2008-08-05 18:22:35  7楼
15年前美国新房子才15万多,现在要30多万,翻番了!
中国翻几番的房子就更多了,应该也要跌一下下了
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作者:JSMEDP (等级:2 - 初出茅庐,发帖:513) 发表:2008-08-05 19:02:55  8楼
15年前美国新房子才15万多,现在要30多万,翻番了!中国翻几番的房子就更多了,应该也要跌一下下了
这算个P,我的HDB二十年前才60K,现在350K。翻了几倍。
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作者:芳林 (等级:5 - 略有小成,发帖:3151) 发表:2008-08-05 20:21:03  9楼
15年前美国新房子才15万多,现在要30多万,翻番了!中国翻几番的房子就更多了,应该也要跌一下下了
“这个算个P”,新加坡地小人多和美国地大人少,屋价涨幅有可比性吗?!呵呵!
:)
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