Monthly Archives: April 2012

Real Estate Sales Season Arrives Early in Chicago*

Despite the continued weakness in the U.S. housing market as indicated by March numbers from indicators such as NAR’s existing homes sales, Census’s new housing starts and new home sales, signs of a housing pick-up in the Chicago metro area are emerging earlier this year.

Rising Inventory and Owners’ Asking Prices: First, as early as February, Chicago’s single-family home listings were up 8.0% from the previous month, accompanied by… Continue reading

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The NASCAR No. 39 Quicken Loans Chevrolet Impala has Left-Turned it out of Oxford…

The NASCAR No. 39 Quicken Loans Chevrolet Impala has left-turned it out of Oxford, but we’ll always have these photos.

More race-day memories can be viewed on FNC’s Facebook page.

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Guest Post: Holy Foreclosure, Batman! (The Dangers of Risk Layering)

Today’s guest post comes from Robert Katula, who blogs at Under the Blue Tarp.

The Federal Reserve must be sick and tired of the housing crisis. Chairman Ben Bernanke made it perfectly clear during yesterday’s press conference that housing is THE headwind slowing down the economy. Little does the Federal Reserve know that the Scales of Justice, as a metaphor, is one of the main reasons behind… Continue reading

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Expecting More Seller Price Concessions? Spring is NOT the Time.*

Home sales are up again, according to March numbers released by the National Association of Realtors, marking the ninth consecutive year-to-year growth. On a month-to-month basis, however, both March and February show declining sales volumes from the previous months, meaning the spring home buying season has yet to begin. The latest numbers on new housing starts from the Census Bureau show similar trends.

Nevertheless, a seasonal pick-up in… Continue reading

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Oh, My Lanta! Georgia’s capital is the worst city for existing homeowners.

With apologies to the old ABC series Full House, I must say: “Oh, My Lanta!” According to the latest data from the FNC Residential Price Index®, Atlanta, Georgia is the worst city for existing homeowners. Home values in the ATL dropped 10.7% from a year ago.

Rounding out the top 5 worst cities for current homeowners (based on the latest RPI data from February):

2… Continue reading

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Gentlemen, start your engines! NASCAR No. 39 Quicken Loans Chevy Impala Rolls Into Oxford

NASCAR driver Ryan Newman’s No. 39 Quicken Loans Chevrolet Impala will roll into Oxford on Monday, April 23 as it visits FNC’s national headquarters. The public is invited to attend and take photos with the car and participate in a raffle for racing memorabilia, as well as enter the Quicken Loans “You’re the Boss” sweepstakes (www.qlracing.com) which… Continue reading

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February Residential Property Values Down 0.8%

FNC’s latest Residential Price Index™ (RPI), released Friday, indicates that U.S. residential property values continued to show signs of persistent weakening – ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, REO sales, and short sales) continue to slide, down 0.8% from February or 3.0%… Continue reading

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From the Archives: Not All Price Indexes Are Created Equal

After we posted Bill Rayburn and Bob Dorsey’s FNC Morning View episode about home price indexes, a few readers asked for more information on the different home price indexes currently available. Today, we revisit our Collateral Vision archives to bring you a post from August 2011: “Not All Price Indexes Are Created Equal.”

Have more questions about home price indexes? Leave a comment below, and we’ll get… Continue reading

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UAD Aftereffects: Are You Really UAD Compliant?

On April 4, 2012, the Appraisal Institute sponsored a two-hour webinar, “UAD Aftereffects: Are You Really UAD Compliant?” I attended this webinar to bring you some of the important highlights. The knowledgeable speakers included: Robert Murphy, Director of Property Valuation and Eligibility at Fannie Mae; Steven Feyerick SRA, Director of Collateral Policy at Freddie Mac; AJ Jackson, Vice President and District Manager of LandSafe Appraisal Services; and Dawn M… Continue reading

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An index is an index is an index?

FNC’s Bill Rayburn and Bob Dorsey will discuss the different types of housing indexes on April 16′s FNC Morning View. (Click here for access information.)

WSJ’s Developments blog summarizes eight common housing indexes here:

  • S&P/Case-Shiller looks at repeat sales in 20 metro areas, using a three-month moving average.
  • The LPS
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