tag:blogger.com,1999:blog-39789020362479601722023-06-20T06:10:46.139-07:00Gregory Gromovgreghttp://www.blogger.com/profile/07080507587164593183noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3978902036247960172.post-71840091454135725632009-08-23T00:02:00.000-07:002009-08-29T09:29:02.424-07:00Housing statsRecently home market sends mixed signals. For instance, the following WSJ article sends a very bright and optimistic signal:<br /><br /><ul><span style="color: rgb(153, 153, 153);">Sales of existing homes in July jumped at the </span><span style="font-weight: bold; color: rgb(153, 153, 153);">fastest rate in 10 years</span><span style="color: rgb(153, 153, 153);">, sending stock prices up around the globe on hopes that the U.S. housing market -- a driver of the world's largest economy -- is stabilizing after years of decline.</span><p></p><p style="color: rgb(153, 153, 153);">Sales of single-family homes increased<span style="font-weight: bold;"> 7.</span>2% in July from a month earlier to a seasonally adjusted annual rate of <span style="font-weight: bold;">5.24 million units</span>, the National Association of Realtors said Friday.</p> <p style="color: rgb(153, 153, 153);">The monthly increase was the <span style="font-weight: bold;">largest since 1999</span>, when the NAR began collecting data for all types of homes -- its measure includes condominiums and cooperative apartments. It marked the fourth monthly rise in a row. Sales also were up<span style="font-weight: bold;"> 5</span>% from July 2008, showing the <span style="font-weight: bold;">first gain from the year-earlier level since November 2005</span></p><p style="color: rgb(153, 153, 153);"><span style="font-size:78%;"><a href="http://online.wsj.com/article/SB125085108563549051.html"><span style="font-weight: bold;">Housing Lifts Recovery Hopes</span></a></span><span style="font-size:78%;"> By JAMES R. HAGERTY and NICK TIMIRAOS, WSJ. August 22, 2009</span></p><p><span style="font-size:100%;"></span></p></ul><p></p><p><span style="font-size:78%;"><span style="font-size:130%;">The below stats clarifies that above quoted WSJ article described only one side of the multilevel and multidimensional story:</span><br /><br /><br /><div style="font-style: italic;" class="marB20" archive="urn:schemas-microsoft-com:workbench:xslt:archive"><a href="http://www.cnbc.com/id/32508736"><span class="cnbc_blghdln">Existing Homes: What's Really Selling</span></a></div><div class="w100p clr cnbc_blgwlt_dot" archive="urn:schemas-microsoft-com:workbench:xslt:archive"><div class="padT"><div class="fL w349"><div class="fL tool_datetime clr"> <span style="font-size:85%;">By: Diana Olick, CNBC Real Estate Reporte, </span><span class="cnbc_sbhd_comp" style="font-size:85%;">21 Aug 2009 </span><br /></div></div></div></div><br /><div class="hauto textSmallBold"> U.S. Existing Home Sales Yr/Yr</div><table style="background-color: rgb(207, 222, 235);" cellpadding="3" cellspacing="1" width="300"><tbody><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$0 - $100,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="font-weight: bold;">Up</span> 38.8%</td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">100,000 - $250,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="font-weight: bold;">Up </span>8.7%</td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$250,000 - $500,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="color: rgb(255, 0, 0);">Down</span> 6.2%</td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$500,000 - $750,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="color: rgb(255, 0, 0);">Down</span> 8.9%</td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$750,000 - $1,000,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="color: rgb(255, 0, 0);">Down</span> 10.6%</td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$1,000,000 - $2,000,000</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="color: rgb(255, 0, 0);">Down</span> 23.3% </td></tr><tr style="background-color: rgb(236, 242, 245);"><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85">$2,000,000 +</td><td class="textMed" style="color: rgb(0, 102, 204);" align="left" width="85"><span style="color: rgb(255, 0, 0);">Down</span> 32.4%</td></tr></tbody></table><div class="textSmall">Source: National Association of Realtors </div><br /><br /><a href="http://s628.photobucket.com/albums/uu3/photobucket3qo/real_estate/?action=view&current=ED-AI345_smith_NS_20081008230013.gif" target="_blank"><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/ED-AI345_smith_NS_20081008230013.gif" alt="Home-price index 1987-2008" border="0" width="700" /></a><br /><br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/GraphExistingHomePricedivFamilyInco.jpg" alt="House Prices Divide to Median Family Income" border="0" width="700" /><br /><br /><br /><a href="http://s628.photobucket.com/albums/uu3/photobucket3qo/real_estate/?action=view&current=AverageMortgRate5.jpg" target="_blank"><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/AverageMortgRate5.jpg" alt="Mortgage Weekly Average Rates 1999-2009" border="0" width="700" /></a><br /><br /><br /><a href="http://s628.photobucket.com/albums/uu3/photobucket3qo/real_estate/?action=view&current=subprime_Loans.jpg" target="_blank"><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/subprime_Loans.jpg" alt="Subprime Mortgage Loans 1994-2006" border="0" width="700" /></a><br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/economic-recovery-15-4.jpg" alt="Real Estate Foreclosure Components Forecast" border="0" width="700" /> <span style="font-weight: bold;"><br /><br /></span></span></p><p><span style="font-weight: bold;"> <img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/HousingStarts_20090817093049.jpg" alt="Building Permits NAHB index, Real Estate" border="0" width="700" /></span><span style="font-weight: bold;"></span></p><br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/reforsale.gif" alt="Number of Homes for sale" border="0" width="700" /><br /><br /><br /><br />See also, the statistics related to the US housing market <span style="font-weight: bold;">basic trends and factors</span><span style="font-weight: bold;">:<br /></span><br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/CaseShillerMay2009.jpg" alt="Home Price Indices Standard & Poor, Case-Shiller" border="0" width="700" /><br /><br /><br /><span style="font-weight: bold;">How many shares of the Dow Jones Industrial Average does it take to buy the Average U.S. House? </span> House prices divided by Dow Industrial:<br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/re_div_dow.gif" alt="House prices divided by Dow Industrial, 1975-2009" border="0" width="700" /><br /><br /><br /><span style="font-weight: bold;">How many Ounces of Gold does it take to buy the Average U.S. House? </span> Average U.S. real estate price divided by gold:<span style="font-weight: bold;"><br /><br /></span> <img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/re_div_gold.gif" alt="House Average Price Gold" border="0" width="700" /><br /><br /><span style="font-weight: bold;">World Gold Production:</span><br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/worldgoldprod.gif" alt="Gold Production" border="0" width="700" /><br /><br><br><br><br><br><br><br /><br />San Francisco "Bay area", or so called "<a href="http://www.netvalley.com/svhistory.html"><b>Silicon Valley</b></a>" housing statistics <br /><a href="http://financial-cents.blogspot.com/2008/06/bay-area-price-to-rent-ratio.html"><b>Price-Rent Ratios</b>, 2008</a>:<br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/rent_ratio.jpg" border="0" alt="San Francisco Bay Area "Price - Rent Ratio" Map"> <br /><br /><b>International Comparison</b>: Price-Rent Ratios:<br /><br /><img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/Price_Rent_Ratios_Int2.jpg" border="0" width="700" alt="Price-Rent Ratios"><br /><br />Why is the Germany Housing Market so different to the rest of countries ...? At first glance the below statistics can provide at least a clue:<br /><br /> <img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/equity_securisat2.jpg" border="0" alt="Equity, Securisation in US and some other countries"> <br /><br />At the same time the France ( <span style="font-weight:bold;">No</span> <span style="font-style:italic;">Mortgage Equilty withdrawal</span> and <span style="font-weight:bold;">No</span> <span style="font-style:italic;">Securitisation</span>) looks like "<a href="http://blogs.cfr.org/setser/2006/10/12/is-france-the-us-of-the-eurozone-at-least-when/"><span style="font-weight:bold;">US of the Eurozone — at least when it comes to housing</span></a>".<br /><br /> <img src="http://i628.photobucket.com/albums/uu3/photobucket3qo/real_estate/french_housing_1.png" width=700 border="0" alt="France US housing marlet comparison"> <br /><br /><br /><br /><br /><br /><br><br><br><br><br><br>greghttp://www.blogger.com/profile/07080507587164593183noreply@blogger.com0tag:blogger.com,1999:blog-3978902036247960172.post-11133206975386345942007-02-23T01:44:00.000-08:002007-02-23T01:47:41.151-08:00TestIt is the First test-message to the new blog and nothing else. That's it.greghttp://www.blogger.com/profile/07080507587164593183noreply@blogger.com0