Posts Tagged ‘Mark Zandi’

US home prices tumble in April at record rate

Wednesday, June 25th, 2008

No matter who’s measuring, the results are the same: Housing prices are tumbling at the sharpest rates ever with a bottom still at least a year away, economists say.
Both the Standard & Poor’s/Case-Shiller home price indices and the Office of Federal Housing Enterprise Oversight index on Tuesday reported record year-over-year declines in April, a [...]

Consumer confidence, home sales rise

Friday, December 29th, 2006

The U.S. economy is ending the year with a hopeful set of reports showing that consumer confidence soared in December and the worst of the downturn for the battered housing market may be over. The Conference Board reported Thursday that consumer confidence shot up to an eight-month high of 109.0 in December.
That was only slightly [...]

Condo boom now a bust

Monday, August 21st, 2006

During the past six years, South Florida’s landscape shifted from low-slung homes to condominiums hundreds of feet high. As the buildings reached skyward, so did prices, topping seven figures for the more luxurious digs.
Today, though, the meteoric rise of condo development is on the verge of crashing down to earth.
The seemingly unstoppable juggernaut has [...]

Rampant overbuilding means condo boom may go bust

Sunday, August 20th, 2006

During the past six years, South Florida’s landscape shifted from low-slung homes to condominiums hundreds of feet high. As the buildings reached skyward, so did prices, topping seven figures for the more luxurious digs.
Today, though, the meteoric rise of condo development is on the verge of crashing down to earth.
The seemingly unstoppable juggernaut [...]


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