Market Studies

Sales of existing-homes in November weakened against a backdrop of an eroding economy, according to a report released last week by the National Association of Realtors (NAR). Existing-home sales – including single-family, townhomes, condominiums, and co-ops – fell 8.

Home prices across the country entered their ninth consecutive month of depreciation in October, but October’s 10.4 percent decline from one year ago is better than September’s 11.2 percent decline, and early data for November predicts an even smaller decline of 9.

Chicago-based Navigant Consulting, Inc. released a report yesterday showing an unprecedented escalation in the number of subprime-related filings, and worsening economic conditions promise to drive the litigation volume ever higher, the research firm said.

Rising home sales, declining home prices, stricter loan underwriting standards, and the financial market meltdown all contributed to a turbulent year in California’s housing market, according to the California Association of Realtors (C.

All in all, residential properties in the United States are set to lose well over $2 trillion in value by the end of 2008, according to a report released Monday by Zillow.com. Home values declined 8.4 percent, losing $1.

Based on middle-ground assumptions, the National Association of Realtors (NAR) forecasts existing-home sales to total 4.96 million this year, and then increase to 5.19 million in 2009 and 5.55 million in 2010.

IHS Global Insight, a company providing economic and financial analysis and forecasting, released a third-quarter update to its U.S. housing valuation analysis, House Prices in America:http://www.globalinsight.

TransUnion, a global credit and information management company, released the results of its analysis of trends in the mortgage industry for the third quarter of 2008 on Monday. According to the company, mortgage loan delinquency (ratio of borrowers 60 or more days past due) increased for the seventh straight quarter, hitting a national average high of 3.

A record 1.35 million homes were in foreclosure in the third quarter, according to a Mortgage Bankers Association (MBA) study released today. The association’s National Delinquency Survey puts the U.

Sales of single-family homes and condominiums in Connecticut continued slumping in October, sinking by double-digit percentages from a year earlier, according to The Warren Group, a provider of real estate data for the New England area.