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Metro Markets (May 2009 - May 2010)



Las Vegas reported negative yearly price change (-1.3%). The Las Vegas, Nev. Quarterly REO saturation rate remained high (45.9%), despite a slight 1.5 percentage point improvement from last month's report. However, recent improved price movements in Las Vegas have been sufficient enough to improve yearly losses from -7.2 percent in last month's report to its current -1.3 percent mark.

Gotta Move?  Upside Down?  Your Property May Qualify For A Short Sa...
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Members of the Federal Open Market Committee (FOMC) in their March meeting revised down their expectations of gross domestic product (GDP) growth because of a leveling off in housing activity.

Weak state and local government spending, as well as substantially reduced household income in the second half of 2009, also contributed to the FOMC’s downward projections.

Despite government interventions, housing remains a key concern in the US. For example, housing starts remained flat while ...

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After two years of falling prices, U.S. housing is undervalued in most markets, according to a new study.

Recent data showing a miniscule 0.1 percent drop in prices in the fourth quarter "indicates that the housing market is still working towards -- and is close to achieving--stabilization," concludes the House Prices in America report prepared by IHS Global Insight and PNC Financial Services Group.

None of the major U.S. metro markets were rated as significantly overvalued by the study....
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