INDUSTRYILLUSTRATED HOME PRICES
» From April 2006 to January 2009, sales prices fell 29% nationally.
» After Obama took office, prices continued to fall another 7.5% to January 2012.
» Then, prices turned around, rising 3.6% from January 2012 to June 2012.
1.2MHOUSING INVENTORY
The inventory of homes for sale has fallen by 36% from January 2009 to September 2012,
and now sits at about "normal levels." (Source: HousingTracker)
768K April 2006
DS News tracks the latest and most relevant industry surveys and data to keep you in the know. With it being October, our minds inevitably turn to the upcoming election. The question batted back and forth in this year's presidential campaign—Are you better off today than four years ago?—has Americans reassessing their lives, professionally, financially, and personally. Trulia's chief economist Jed Kolko decided to put the question to the test in terms of housing market conditions. He lays it out in clear-cut statistical data, comparing today to January 2009.
IS THE HOUSING MARKET BETTER OFF TODAY THAN FOUR YEARS AGO?
Jan 2009 Jan 2010 Jan 2011 Jan 2012 June 2012 (Source: Case-Shiller 20-City Composite, seasonally adjusted)
HOMEOWNERSHIP AFFORDABILITY
5.05%
The typical rate on a 30-year fixed-rate mortgage dropped from
3.60%
5.05% in January 2009 to 3.60% in August 2012. (Source: Freddie Mac)
FORECLOSURES 2.43%
to 4.08% in July 2012. (Source: Lender Processing Services)
4.08% DELINQUENCIES 8.61%
The share of mortgages in the foreclosure process has risen from 2.43% in January 2009
7.03%
8.61% of mortgages were delinquent in January 2009. As of July 2012, the delinquency rate has fallen to 7.03%.
(Source: Lender Processing Services)
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