What a world!
Posted on 06/24/2013 4:01:44 PM PDT by whitedog57
Lender Processing Services today released its latest LPS Home Price Index (HPI) report, based on April 2013 residential real estate transactions. Home prices rose 1.5% from March to April and 8.1% Year over Year (YoY).
Where did home prices rise the fastest? 9 of the 10 faster rising metro areas are in California (and Bend OR is really California El Norte).
San Francisco is the most expensive metro area on the list. Do we really need to have conforming loan limits set high for San Francisco (or California)?
Compare this list with Bloomberg’s “Bubble List” where rising home prices are compared with unemployment. Oh, Chicago, my old home town!
The Case-Shiller index is out at 9am on Tuesday. What will it look like? Here is a chart of the LPS index (white) and CS (yellow):
LPS leads CS and indicates that the Case-Shiller index should have a big increase tomorrow.
And according to Clear Capital, the real estate owned (REO) saturation is back to 2008 levels.
You should post them!
Oh, wait.. you stole them yet call yourself the author of the material.
Never mind.
What a world!
Meaningless noise , the hedge funds that were buying up houses by the thousands to turn into rental units have already closed down as they have discovered how screwed up the title work is , the money inflow is OVER , ended in May ... add to that the back up in interest rates and continued falling middle class income and you can clearly see that this is just an insignificant “blip” ...
I just got in and out of the real estate marketplace in the past month. Got my asking price, got a crazy good rate, and bought another home in a better location at a minor discount. If I’d waited another few weeks it never would have happened. Phew!
Thank you gunner for your endless pursuit of the blogpimps. Sure hope you don't mind me adding it to the keywords.
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