Peter Flint, CEO of online real estate service Trulia, tells MarketWatch’s Stacey Delo about home-price reductions around the nation in July and what parts of the country are seeing the biggest changes.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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August 19th, 2009 at 1:49 pm
Nearly a quarter of the homes listed for sale in the U.S. have had at least one price reduction, with an average discount of 10% off the original asking price, according to an analysis by the listings site Trulia.com.
Ranking cities by the extent of price reductions gives Detroit the title of most discounted city. The average markdown in Motown is 21% off the original listing price. That figure doesn’t include foreclosed properties — and would surely be higher if it did. The next largest average markdowns can be found in Las Vegas (16%), Miami (15%), New York (13%) and Phoenix (13%).
August 19th, 2009 at 3:08 pm
[...] More: Price Reductions Hit U.S. Real Estate Market | The Big Picture [...]
August 19th, 2009 at 3:21 pm
Reas More: http://www.housingnewslive.com/is-the-housing-market-recovering.php