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	<title>Business &#38; Money &#187; Alison Rogers &#124; TIME.com</title>
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		<title>Business &#38; Money &#187; Alison Rogers &#124; TIME.com</title>
		<link>http://business.time.com</link>
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		<title>Housing Prices Jump Again&#8230;and Wall Street May Be Playing a Role</title>
		<link>http://business.time.com/2013/04/30/housing-prices-jump-again-and-wall-street-appears-to-be-playing-a-role/</link>
		<comments>http://business.time.com/2013/04/30/housing-prices-jump-again-and-wall-street-appears-to-be-playing-a-role/#comments</comments>
		<pubDate>Tue, 30 Apr 2013 15:11:25 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Real Estate & Homes]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=78913</guid>
		<description><![CDATA[If journalists were allowed to bet (we&#8217;re not) it would have been easy to call today&#8217;s S&#38;P/Case-Shiller housing price data. After jumps of 6.8% two months ago (reflecting December year-over-year sales) and 8.1% last month (reflecting January sales), &#8220;up&#8221; would have been a fairly easy prediction. And, indeed, today&#8217;s announcement of a 9.3% year-over-year gain for February is right on trend. The number appears to reflect a broad national trend, with gains in each of the 20 metro areas the Home Price Index includes. Even New York, which had been the last holdout with a negative report of down 0.3% last month, came in with a 1.9% gain. In fact, the index is ratcheting up with such speed that it no longer seems driven by people buying homes in which to live, especially in an economy with unemployment still at a pesky 7.6% and job growth low. Compare that with housing price gains of 23% per year in Phoenix; 17.6% in Las Vegas, and 16.5% in Atlanta. Prices are even up 15.2% per year in Detroit, which is enough to make many city mayors consider their own Clint Eastwood commercials. (MORE: More Young Couples Commit — To Homeownership Before Marriage) The answer to the paradox may indeed be buying by investors rather than homesteaders. First-time buyers, especially, have found current credit markets tough to navigate. The Federal Housing Administration, which traditionally provides a boost for first-time homeowners by insuring their mortgages, is now backing one-quarter of all homes purchased in America, up from a more typical 10 to 15% market share, according to a story by Rose Melly in the San Jose Mercury News. However, the FHA has made its policies more restrictive &#8212; and those purchases more expensive &#8212; by raising the mortgage insurance premiums (MIPs) that it charges by one-tenth of 1%. For homes under $625,000, the MIP has gone up from 1.25% to 1.35%. That may not seem like much, but when you&#8217;re trying to make a housing payment as a first-timer, every dollar counts. Investment funds, by contrast, seem to be<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=78913&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Real Estate &amp; Homes</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/07/145449611.jpg?w=240</featured_image>
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			<media:title type="html">Pending Sales Of U.S. Existing Homes Decline By Most In A Year</media:title>
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		<title>Home Price Gains Continue Increasing Nationwide</title>
		<link>http://business.time.com/2013/03/26/home-price-gains-continue-increasing-nationwide/</link>
		<comments>http://business.time.com/2013/03/26/home-price-gains-continue-increasing-nationwide/#comments</comments>
		<pubDate>Tue, 26 Mar 2013 15:11:42 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=75804</guid>
		<description><![CDATA[Citing &#8220;steady employment and low borrowing rates&#8221; as well as inventories that have fallen &#8220;to their lowest post-recession levels,&#8221; the S&#38;P Dow Jones Indices released Case-Shiller housing data that showed home prices jumping 8.1% from the previous year. When charted, the data looks like it&#8217;s been hit with a booster rocket, with the past three months&#8217; reports showing solid year-over-year gains of 5.5%, 6.8%, and the just-reported 8.1%. All twenty metro areas covered in the index posted gains, ranging from New York&#8217;s 0.6% to Phoenix&#8217;s 23.2%. Eight cities&#8217; gains were in the double-digits: Miami (10.8%); Los Angeles and Minneapolis (each 12.1%); Atlanta (13.4%); Detroit (13.8%); Las Vegas (15.3%), and San Francisco (17.5%), in addition to Phoenix. That list is notable for its breadth: Miami, Las Vegas, and Phoenix all fell victim to a run of investment speculation during the housing boom, and subsequently crashed hard; but the other five metros range from rust-belt economies hit hard by the Great Recession (Detroit) to high-flying tech-driven ones that were relatively unscathed (San Francisco). The latest Case-Shiller data reflect January sales, so the possibility of a strong spring in the real estate market &#8212; traditionally the high season for home sales &#8212; is emerging. The National Association of Realtors, which reports February data, notes that &#8220;sales have been above year-ago levels for 20 consecutive months,&#8221; with volume at a seasonally adjusted annual pace of 4.98 million units. That&#8217;s 10.2% above last February&#8217;s pace of 4.52 million units. In addition, homes are moving much more quickly, with a median days on market of 74, down 24% from a year ago. The one data point casting a shadow on the prospect of a sunny spring is mortgage applications. The Mortgage Bankers&#8217; Association reports that the volume of mortgage applications has dropped in each of its latest two weekly surveys. That&#8217;s not a reaction to interest-rate swings; the interest rate for 30-year fixed loans, according to the MBA, has recently been unchanged at 3.53%. (Two-thirds of home purchases are financed, according to the National Association of Realtors; the<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=75804&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link>
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		<title>Home Prices Jump Again. Are We Out of the Woods Yet?</title>
		<link>http://business.time.com/2013/02/26/home-prices-jump-again-are-we-out-of-the-woods-yet/</link>
		<comments>http://business.time.com/2013/02/26/home-prices-jump-again-are-we-out-of-the-woods-yet/#comments</comments>
		<pubDate>Tue, 26 Feb 2013 15:49:22 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=73052</guid>
		<description><![CDATA[Home prices as measured by the S&#38;P/Case-Shiller Home Price Index jumped 6.8% year-over-year last December, closing out 2012 with a strong showing, as they&#8217;d risen 5.5% on the same basis the month before. Prices rose in 19 of the 20 metro areas tracked by the index, with only New York City as an outlier. (Gothamites, realize that the NYC data excludes co-op and condominium apartments, tracking instead the price of single-family homes in the metro area). Especially stunning is the fact that except for Chicago (up 2.2%), Cleveland (up 2.9%), and Boston (up 3.6%), all of the metro area gains recorded were greater than 5%. On the high end, Detroit housing prices rose 13.6% year-over-year, while San Francisco zoomed 14.4%, and Phoenix roared up 23%. Nationally, the index (which showed 15 years of house price increases up to its peak early in 2006) is now back to the levels of summer 2003. So is the housing slump over yet? (MORE: Haven&#8217;t Saved Enough for Retirement? Here&#8217;s How to Catch Up) Probably not, as anyone involved in the market can tell you. For one, inventory is historically low in many markets. According to the National Association of Realtors, there are currently only 1.74 million homes on the market across the country, which is the lowest level in nearly seven years, just a 4.2-month supply at the current pace. Yet the bulk of home sales tend to hit in the spring and summer, so the tea leaves for 2013 won&#8217;t come out next month but rather three months from now, when Case-Shiller and other reports provide March data. The trillion-dollar question to economy watchers is whether those reports will measure a strong flow of sales or a weak one. If spring ends up with too many investors chasing too few houses, we could end up seeing increasingly rising prices that don&#8217;t reflect much underlying strength. (Earlier this month, CNBC analyst Diana Olick raised concerns about &#8220;bubble price dynamics&#8221; caused by hedge funds.) On the other hand, if you&#8217;re a potential homeseller, and<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=73052&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/26/home-prices-jump-again-are-we-out-of-the-woods-yet/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>Home Prices Jump 5.5% as Spring Season Nears</title>
		<link>http://business.time.com/2013/01/29/home-prices-jump-5-5-as-spring-season-nears/</link>
		<comments>http://business.time.com/2013/01/29/home-prices-jump-5-5-as-spring-season-nears/#comments</comments>
		<pubDate>Tue, 29 Jan 2013 16:48:27 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Real Estate Markets]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69012</guid>
		<description><![CDATA[Home prices rose 5.5% in the 12 months ending last November, a strong showing following a 4.3% year-over-year increase reading the month before, according to the S&#38;P/Case-Shiller home-price index. The gain was nationwide, with 19 of the 20 U.S. cities tracked in the index showing year-over-year price gains. Leaders were Phoenix (up 22.8%), San Francisco (up 12.7%), Detroit (up 11.9%), Minneapolis (up 11.1%) and Las Vegas (up 10%). The only metropolitan area to show a year-over-year decline was New York, down 1.2%. &#8220;Housing is clearly recovering,&#8221; said David M. Blitzer, chair of the index committee that released the data, in a statement. (MORE: What Ever Happened to That Big, Bad &#8216;Shadow Inventory&#8217; of Homes?) However, now that spring &#8212; traditionally the kickoff for the annual home-selling season &#8212; is around the corner, the larger question is, What will prices and momentum look like going forward? Robert Shiller, a co-creator of the index, argued in an essay in last week&#8217;s New York Times that &#8220;there is too much uncertainty to justify any aggressive speculative moves right now.&#8221; Yet various indicators, in addition to the Case-Shiller index, are suggesting that many Americans are jumping into the market, some wanting to own their own residences, others largely for investment purposes. The National Association of Realtors reported to housing commentator Ken Harney that its foot-traffic index, which measures visits to open houses, was up over last year in a majority of housing markets. The housing barometer of Trulia, a leading listings website, jumped 25 percentage points over the past year, as delinquencies and foreclosures flattened. And Karl Case, economics professor emeritus at Wellesley College and a co-creator with Shiller of the closely watched index, was reported by Floyd Norris of the New York Times as looking at an investment property. Perhaps most notable, the National Association of Realtors reports that the December pending home-sales index &#8211; a measure of actual contracts signed &#8212; was at 101.7 in December, up from 95.1 a year ago. So what could slow the market? Bad weather, known to cause month-to-month variations in indices, could cause buyers<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69012&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate &amp; Homes</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/</primary_category_link>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>Home Prices Rise Across the Country in September</title>
		<link>http://business.time.com/2012/11/27/home-prices-rise-across-the-country-in-september/</link>
		<comments>http://business.time.com/2012/11/27/home-prices-rise-across-the-country-in-september/#comments</comments>
		<pubDate>Tue, 27 Nov 2012 15:20:07 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=62216</guid>
		<description><![CDATA[In real estate, it&#8217;s all good &#8212; the data, that is. Housing prices rose all over the country in September, according to two data series released this week. The S&#38;P/Case-Shiller 20-city composite home price index, a widely watched national measure released today, showed home prices gaining 3.0% over a year ago. Just as importantly, that index marked its sixth straight month of price increases. The Lender Processing Services Home Price Index, a slightly more bullish index because of the way it adjusts for foreclosure sales, was released Monday afternoon, and reported a price increase of 3.6% year-over-year in September. Both indices showed broad strength in the real estate markets. On a seasonally adjusted basis, 18 of the cities in the S&#38;P/Case-Shiller composite showed gains, with only Chicago  dropping 0.7% from August and Tampa remaining flat. Atlanta, which had been lagging the housing recovery, appears to have come off the mat; the city posted a 1.7% increase in home prices from the previous month. (MORE: House Flipping Is Hot Again) If you&#8217;re shopping for bargains, prices nationally are still significantly below their peak values of about six years ago. (Your mileage may vary as different local housing markets peaked at different times.) Looking particularly cheap on a historical basis is Detroit, where prices are around 20% below their January 2000 levels. On a not-seasonally-adjusted basis, several metros showed month-to-month declines, a function of the fact that consumers generally like to buy homes in the spring and summer in order to get their children settled for the upcoming school year. Non-seasonally adjusted decliners included Cleveland (down 0.9%), Boston and Chicago (both down 0.6%), Charlotte (down 0.3%), and New York (down 0.1%). However, the fact that all of these markets &#8212; with the exception of Chicago &#8212; registered gains on a seasonally adjusted basis shows just how strong the recovery is. In the months to come, we may see some weakness in the data as consumers turn their focus from Colonials to Christmas, but there&#8217;s nothing in the data that indicates a likelihood of<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=62216&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/11/housing.jpg?w=240</featured_image>
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			<media:title type="html">Housing Prices on the Rise</media:title>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>Real Estate Financial Fitness Q&amp;A</title>
		<link>http://business.time.com/2012/10/09/real-estate-financial-fitness-qa/</link>
		<comments>http://business.time.com/2012/10/09/real-estate-financial-fitness-qa/#comments</comments>
		<pubDate>Tue, 09 Oct 2012 17:54:32 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[mortgage rate]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=45397</guid>
		<description><![CDATA[Wondering what&#8217;s the latest in real estate? Every year, the Financial Planning Association of New York sponsors a &#8220;Financial Fitness Day&#8221; at New York University, co-sponsored by Moneyland. This year&#8217;s real estate discussion (which I participated in with Hedda Nadler of Mount and Nadler and David Breitstein of Apple Mortgage) addressed some especially timely questions. Here&#8217;s a sample: Q: Is the old rule that the time horizon to hold a property should be at least five years still in effect? A: With the housing slump, average &#8220;tenure&#8221; &#8212; length of time Americans spend in their homes &#8211; has actually lengthened, from six to nine years, according to a chart published at Credit Sesame using statistics from the National Association of Realtors. If you&#8217;re planning on become a homebuyer, though, the issue is not average tenure, but will you be in the home long enough to ride out an economic down-cycle. So you want to take a look at housing statistics in your area, which your realtor should be able to give you. In many markets five years will be long enough, but in some &#8212; as residents of speculative markets like Phoenix and Vegas can tell you &#8212; seven years is a better rule of thumb. (MORE: Why Reform Will Push Money Mark Fund Yields Even Lower) Q: Should I get a mortgage if I have the ability to pay all cash? A: This isn&#8217;t so much a real estate question as it is a personal finance question. If you buy a home with cash, you&#8217;ll be giving up the time value of the money you spend. The question is what you would do with the money if you borrowed instead? Invest in stocks? Buy a car? If you can borrow at 4%, and are confident that you could earn more with the money by investing it, then it may make sense to borrow. But bear in mind that you&#8217;ll also get a tax deduction on the mortgage interest you pay on the first $1 million that you borrow. Q:<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=45397&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2011/09/housingformoney1.jpg?w=240</featured_image>
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			<media:title type="html">Housing</media:title>
		</media:content>

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			<media:title type="html">1alisonrogers</media:title>
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		<title>Why Are Real-Estate Listing Sites Hot Right Now?</title>
		<link>http://business.time.com/2012/09/24/why-are-real-estate-listing-sites-hotter-than-listings/</link>
		<comments>http://business.time.com/2012/09/24/why-are-real-estate-listing-sites-hotter-than-listings/#comments</comments>
		<pubDate>Mon, 24 Sep 2012 12:00:14 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=44982</guid>
		<description><![CDATA[The strong stock market performance of real-estate websites like Trulia and Zillow are an indication that investors expect that a strong real estate recovery -- a return of robust demand in multiple property markets -- is just around the corner. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=58520&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/09/24/why-are-real-estate-listing-sites-hotter-than-listings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240</featured_image>
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			<media:title type="html">Housing</media:title>
		</media:content>

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			<media:title type="html">1alisonrogers</media:title>
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		<title>Home Prices Continue to Rise &#8212; But Will the Market Rebound Continue?</title>
		<link>http://business.time.com/2012/08/29/home-prices-continue-to-rise-but-will-the-market-rebound-continue/</link>
		<comments>http://business.time.com/2012/08/29/home-prices-continue-to-rise-but-will-the-market-rebound-continue/#comments</comments>
		<pubDate>Wed, 29 Aug 2012 12:00:48 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Federal Housing Price Index]]></category>
		<category><![CDATA[Housing Prices]]></category>
		<category><![CDATA[Los Angeles]]></category>
		<category><![CDATA[national association of realtors]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[S&P/Case-Shiller]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=44153</guid>
		<description><![CDATA[Spring is traditionally a strong season for home sales, and despite continued uncertainty in the economy, this spring was no exception, with housing prices up around the country, according to the S&#38;P/Case-Shiller Index. June housing price levels rose in 18 of the 20 major metro areas followed by the index and are now up 6% from the lows of March 2012. But keep in mind that the market, as anyone who is involved in it knows, still has a long way to battle back, with current levels 31% off the real estate peak of summer 2006. The Case-Shiller index is known for being variable, and the May seasonally adjusted increase appears to have been revised upward a smidge, to a pop of 1.0%. The seasonally adjusted composite increase of 0.9% in June, and the jump of 2.2% in the second quarter versus the first, are also positive news. Whether this fire will continue given the last couple of weeks of interest rate increases, as mortgage rates have been jumping off their record lows, remains to be seen. For now, the year-over-year strength in Phoenix (up 13.9%), Minneapolis (up 5.7%), Miami (up 4.4%), Denver (up 4.0%), and San Francisco (up 3.0%) appears broad-based. (MORE: Home Prices Rise Across the Board) The market in Atlanta, where prices had been plummeting, is up 2.3% in June after posting a rise of 1.8% in May. Real estate in the city is still weak compared to last year (down 12.1%), but it appears that the free-fall has been arrested. A couple of major metros seem to be down versus last year &#8212; New York has dropped 2.1% and Los Angeles is down 0.6% &#8212; but since S&#38;P/Case-Shiller tracks single-family homes, that&#8217;s likely a data bias because the hotness of those cities&#8217; apartment markets isn&#8217;t factored in. A recent report by appraiser and data provider Miller Samuel, for instance, notes that Brooklyn condominium prices were up 24.6% in the second quarter versus a year ago. National price indexes for real estate other than S&#38;P Case-Shiller have<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=44153&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/08/29/home-prices-continue-to-rise-but-will-the-market-rebound-continue/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/08/109350668-e13461688085321.jpg?w=240</featured_image>
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			<media:title type="html">For sale sign in yard of house</media:title>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>Home Prices Rise Across the Board</title>
		<link>http://business.time.com/2012/07/31/home-prices-rise-across-the-board/</link>
		<comments>http://business.time.com/2012/07/31/home-prices-rise-across-the-board/#comments</comments>
		<pubDate>Tue, 31 Jul 2012 14:33:04 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Case Shiller index]]></category>
		<category><![CDATA[Case-Shiller]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=42784</guid>
		<description><![CDATA[The real estate report is happy &#8212; housing prices are up across the country. The S&#38;P/Case-Shiller 20-city index, a volatile but closely watched index of house prices, was up 0.9% from the month before. That jump follows a collective 0.7% rise in April over March. These numbers are seasonally adjusted &#8212; it&#8217;s important to smooth the data since traditionally home sales are hot in the spring. In even better news, every one of the 20 cities in the index also reported month-over-month gains, with the strongest being Chicago (up 2.3%), Atlanta (up 2.0%), and Las Vegas (up 1.9%). The Atlanta data is especially welcome, as housing prices there have been spiraling down looking for a bottom. Year-over-year, prices in Atlanta are still down a stunning 14.5%, but this month&#8217;s results may indicate that the diver has at least touched the ocean floor. That might be the case on a national level as well. Year-over-year, the 20-city S&#38;P/Case-Shiller index is still down, but the  -0.7% fall is both better than the annual drop registered last month (-1.9%) and better than consensus expectations (which were looking for -1.0%, according to the Wall Street Journal). (MORE: From Underwater to ‘Equity Poor’: Why the Housing Market Isn’t Recovering Faster) In fact, 12 of the metro areas in the index reported positive annual returns. Standing out were Phoenix (up 11.5% year-over-year), Dallas (up 3.8%) and Denver (up 3.7%). Florida continues to sparkle, too, with prices in Miami up 3.4% annually and 1.4% month-over-month, and prices in Tampa up 2.5% annually and 2.0% month-over-month. For market observers with a long view, these recent rises only put us back at the level of Spring 2003. There&#8217;s also been some &#8220;hidden deflation&#8221; as interest rates were higher then. (If a house now costs exactly what it did in 2003, but back then you could get a mortgage at 5% interest, and now you can get a mortgage at 4% interest, that house is worth less relative to its monthly carrying costs than it used to be.) (MORE: Oregon Senator Jeff Merkley’s<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=42784&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/02/houses2.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/02/houses2.jpg?w=240" />
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			<media:title type="html">houses</media:title>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>From Underwater to &#8216;Equity Poor&#8217;: Why the Housing Market Isn&#8217;t Recovering Faster</title>
		<link>http://business.time.com/2012/07/25/from-underwater-to-equity-poor-why-the-housing-market-isnt-recovering-faster/</link>
		<comments>http://business.time.com/2012/07/25/from-underwater-to-equity-poor-why-the-housing-market-isnt-recovering-faster/#comments</comments>
		<pubDate>Wed, 25 Jul 2012 12:00:40 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Arizona]]></category>
		<category><![CDATA[equity poor]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[underwater]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=42381</guid>
		<description><![CDATA[Housing prices appear to have finally begun increasing, with gains posted for three months in a row according to the index put out by the Federal Housing Finance Agency. So why aren't more Americans buying houses?<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=58190&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/07/807198321-e13431525547181.jpg?w=240</featured_image>
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			<media:title type="html">For Sale Signs</media:title>
		</media:content>

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			<media:title type="html">1alisonrogers</media:title>
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		<title>Mark Zuckerberg Has a Lower Mortgage Rate than You</title>
		<link>http://business.time.com/2012/07/16/mark-zuckerberg-has-a-lower-mortgage-rate-than-you/</link>
		<comments>http://business.time.com/2012/07/16/mark-zuckerberg-has-a-lower-mortgage-rate-than-you/#comments</comments>
		<pubDate>Mon, 16 Jul 2012 17:16:53 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>
		<category><![CDATA[mortgage rates]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Palo Alto]]></category>
		<category><![CDATA[Refinance]]></category>
		<category><![CDATA[refinancing]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=42183</guid>
		<description><![CDATA[Savvy homeowners know that a penny here and a penny there adds up. That&#8217;s apparently the case for Facebook founder Mark Zuckerberg, who &#8212; despite a reported net worth in excess of $14 billion &#8212; just refinanced the mortgage on his Palo Alto, Calif., home. The rate he got, according to Bloomberg&#8217;s John Gittelsohn and Dakin Campbell, was 1.05% on an adjustable 30-year loan. (MORE: The Dumbest Way Ever to Get Your Credit Card Stolen) The duo notes that&#8217;s somewhat better than market, as average rates on 30-year mortgages that reset after one year are running at 2.69%. But you don&#8217;t get to be a preferred customer without having good financial habits. And since the new rates are a drop from his previous mortgage&#8217;s 1.75%, the 28-year-old billionaire&#8217;s savings on the $5.95 million loan are approximately $1,981 a month. Not bad, even for a guy who has at least $14 billion &#8212; roughly the GDP of Iceland. Put that in $100 bills, and it would weigh 153 tons. But hey, money-savvy people often care about the little things, right? And Zuckerberg is very down to earth. The house &#8212; which was purchased in the name of an LLC for $7 million last March &#8212; is a relatively unpretentious prairie-style five-bedroom set on a fifth of an acre with a modest saltwater pool. The well-groomed backyard was the setting for his wedding to longtime girlfriend Priscilla Chan just two months ago. (MORE: Why Britain&#8217;s Banking Culture Needs Fixing) Priscilla, you may have married a keeper. Even if rates rise, the loan resets are capped at 9.95%, making the maximum payment for the home $51,995 a month. Financial observers speculate that the only reason Zuckerberg took a mortgage at all is that if the hoodie-sporting mogul can borrow at a mere 1.05%, he can invest the money in assets with a higher return. Assets, that is, that probably aren&#8217;t Facebook: the stock was down 22% from its May IPO price as of midday trading today. Well, we at Moneyland are here to help. May we suggest<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=58128&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate &amp; Homes</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2011/12/zuck1.png?w=240</featured_image>
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			<media:title type="html">Mark Zuckerberg</media:title>
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			<media:title type="html">1alisonrogers</media:title>
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		<title>Housing: Even the Eeyore Index Shows Price Gains</title>
		<link>http://business.time.com/2012/06/26/housing-even-the-eeyore-index-shows-price-gains/</link>
		<comments>http://business.time.com/2012/06/26/housing-even-the-eeyore-index-shows-price-gains/#comments</comments>
		<pubDate>Tue, 26 Jun 2012 14:43:11 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Atlanta]]></category>
		<category><![CDATA[Case Shiller index]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[housing recovery]]></category>
		<category><![CDATA[Phoenix]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=41370</guid>
		<description><![CDATA[To people like me who track real estate for a living &#8212; I&#8217;m a real estate agent as well as a journalist &#8212; there&#8217;s no good solid data on home prices. Every index is flawed, one way or another. The National Association of Realtors, for example, is considered an industry cheerleader and too optimistic. By contrast, the most closely watched data set, the S&#38;P/Case-Shiller Home Price Index, is often considered too lagging. For example, last month there was a ton of positive real estate news, but Case-Shiller still came in fairly bleak. The FHFA house price index, for example, a Federal government-generated number, was up 2.7% last month, year-over-year, while Case-Shiller was down 2.6%. As a result, I&#8217;ve come to think of Case-Shiller as the glummest guest at the party, a sort of &#8220;Eeyore Index.&#8221; (MORE: Why We Charge Less for the Things We Love) Because of that, a turn in Case-Shiller from grim to glad seems to carry extra weight, and that&#8217;s what happened this month with the numbers released this morning. Home prices, adjusted for seasonal variations, rose 0.7% in April from the month before. March, which had been reported as an unimpressive 0.1% gain, was revised upward to 0.7%. The index follows twenty cities, and positive gains were reported in 19 of them. Atlanta, which has watched the bottom dropping out of its housing market for more than a year now, reported a gain of 0.8%, even after seasonal adjustments. Drinks for everybody! The party starts in Phoenix, where prices are up 8.6%, year-over-year. (Housing prices are extremely seasonal, with many markets being hotter in the spring, so seasonally adjusted or year-over-year data is more important than month-to-month). From last year, Minneapolis is up 3.8%, Denver and Dallas are each up 2.8%, Washington, D.C., is up 1.6%, Charlotte and Tampa are up 0.8%, and Boston up 0.1%. Just as important as the jumps is the geographical spread of those numbers: recovery in the West, recovery in the South, recovery in Florida. Coming on the heels of another positive<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=41370&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/06/0_house1.jpg?w=240</featured_image>
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			<media:title type="html">House</media:title>
		</media:content>

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			<media:title type="html">1alisonrogers</media:title>
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		<title>North Dakota Voters Squash Property Tax Repeal</title>
		<link>http://business.time.com/2012/06/13/north-dakota-voters-squash-property-tax-repeal/</link>
		<comments>http://business.time.com/2012/06/13/north-dakota-voters-squash-property-tax-repeal/#comments</comments>
		<pubDate>Wed, 13 Jun 2012 17:55:07 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[jack dalrymple]]></category>
		<category><![CDATA[North Dakota]]></category>
		<category><![CDATA[property tax]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[tax foundation]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=40624</guid>
		<description><![CDATA[A North Dakota ballot initiative to eliminate all property taxes statewide was roundly defeated Tuesday, with more than 76% of voters rejecting it, according to CNN. The initiative, called Measure 2, had been proposed, according to the Williston [N.D.] Herald, by a tax reform group called “Empower the Taxpayer 2010.” The anti-property-tax move is one of many that have recently sprung up around the country, including the introduction of HB 1776, the Property Tax Independence Act, in Pennsylvania, and the move to end property taxes in Texas by Debra Medina, a Republican candidate for governor two years ago. Property taxes are generally levied by local cities and municipalities as a source of funding for school districts. As such, property taxes are levied in every state in America, though some states maintain more control over their local tax districts than others. (MORE: How Cash Keeps Poor People Poor) According to the Herald, in 2010, 45% of North Dakota’s property taxes went towards education funding, and another 30% went towards criminal justice and other county services. In 1994, a Michigan initiative called “Proposal A” moved much of the responsibility for funding education from localities to the state, resulting in a drop in residential property taxes and an increase in sales taxes, among other sources of funding. Proposals for replacing the revenue from property taxes have included increasing state sales taxes; an increase in state income tax, as in Pennsylvania; and a tax on oil revenue, as in North Dakota, America&#8217;s second-largest oil producer. One of the arguments made by property tax-elimination proponents is that the existence of property taxes, which can be variable, leaves homeowners in the status of “renters” who cannot escape their long-term obligations to government, or even fully plan for the scope of the liabilities. Such groups raise the spectre of citizens losing their homes to foreclosure for failure to pay property taxes. (Pennsylvania state representative Jim Cox, a backer of HB 1776, was quoted by The New York Times arguing that “no tax should have the power to leave you homeless.”) (MORE:<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=40624&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Taxes</primary_category><primary_category_link>http://business.time.com/category/economy-policy/taxes-economy-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/06/northdakotatax1.jpeg?w=240</featured_image>
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			<media:title type="html">northdakotatax</media:title>
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		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
	</item>
		<item>
		<title>How to Buy a House</title>
		<link>http://business.time.com/2012/06/08/how-to-buy-a-house/</link>
		<comments>http://business.time.com/2012/06/08/how-to-buy-a-house/#comments</comments>
		<pubDate>Fri, 08 Jun 2012 10:45:40 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[appraisal]]></category>
		<category><![CDATA[Buying a Home]]></category>
		<category><![CDATA[Closing]]></category>
		<category><![CDATA[Final Walk-Through]]></category>
		<category><![CDATA[Home Inspection]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[negotiating]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=40258</guid>
		<description><![CDATA[You’ve found your dream house. Now what? These handy checklists will help you get through every step of the process—with less anxiety and expense.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=40258&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/06/08/how-to-buy-a-house/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/06/0_house1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/06/0_house1.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/06/0_house1.jpg?w=240" medium="image">
			<media:title type="html">House</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
	</item>
		<item>
		<title>Housing Market Better Than It Looks</title>
		<link>http://business.time.com/2012/05/29/housing-market-better-than-it-looks/</link>
		<comments>http://business.time.com/2012/05/29/housing-market-better-than-it-looks/#comments</comments>
		<pubDate>Tue, 29 May 2012 14:52:10 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Case-Shiller]]></category>
		<category><![CDATA[home prices]]></category>
		<category><![CDATA[Home Values]]></category>
		<category><![CDATA[Homes]]></category>
		<category><![CDATA[houses]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=39811</guid>
		<description><![CDATA[Home prices rose 0.1% on a seasonally adjusted basis in March, according to new numbers from the S&#38;P/Case-Shiller index. But four cities showed worse results in March than they had in February, with Atlanta notably down 0.4% over the previous month and Detroit down 2.1%. Still, there are reasons to be optimistic. Year-over-year, prices in real-estate-challenged Atlanta are down a whopping 17.7%, setting a new low for the city. Prices were also down year-over-year in Boston (-1.0%), Chicago (-7.1%), Cleveland (-2.4%), Las Vegas (-7.5%), Los Angeles (-4.8%), New York (-2.8%), Portland (-2.8%), San Diego (-2.7%), San Francisco (-3.0%), Seattle (-1.3%), Tampa (-1.0%) and Washington, D.C. (-0.6%). Overall, the 20-city composite was shown to be down 2.6% year-over-year. Why such a slew of bad results when other recent housing reports have been positive? The answer is that Case-Shiller includes distressed sales. If you sell a home to someone who uses subprime loan financing to buy it, the sales price comes into the county clerk&#8217;s office and is an input to Case-Shiller data. In contrast, federal indexes such as the Federal Housing Finance Agency catch home sales backed by &#8220;good&#8221; &#8212; that is non-subprime &#8212; financing. FHFA&#8217;s March numbers, released less than a week ago, have been great, showing housing prices up 1.8% month-over-month and up 2.7% year-over-year. Think of the differing housing numbers this way: if you want to track the price of suits and slacks, the FHFA measurement would be the equivalent of seeing what&#8217;s selling at Dillard&#8217;s, J.C. Penney&#8217;s and Saks. The Case-Shiller measurement would be all those, while mixing in what&#8217;s selling in the bargain basement at the Salvation Army thrift store. Cities like Atlanta, where there is a pipeline of foreclosures coming to market, look like they&#8217;re having a lot of Salvation Army sales. That doesn&#8217;t necessarily reflect prices in wealthier suburbs like Buckhead, however. Overall, foreclosures and distressed sales are becoming a smaller slice of the pie, according to the National Association of Realtors. NAR reports that foreclosures and distressed sales made up 28% of all sales in<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=39811&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/29/housing-market-better-than-it-looks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240" medium="image">
			<media:title type="html">House</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
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		<title>Home Sales Jump as Number of Foreclosures Drops</title>
		<link>http://business.time.com/2012/05/22/real-estate-jumps-as-number-of-foreclosures-drops/</link>
		<comments>http://business.time.com/2012/05/22/real-estate-jumps-as-number-of-foreclosures-drops/#comments</comments>
		<pubDate>Tue, 22 May 2012 15:43:02 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=39459</guid>
		<description><![CDATA[April housing numbers released by the National Association of Realtors were, wait for it &#8230; good. Spring is traditionally a busy season for home sales, but the real estate market has been in such a slump for the past couple of years that &#8220;ordinary&#8221; good news comes as something of a surprise. In the case of today&#8217;s data, existing home sales increased 3.4% from the month before, jumping to a seasonally adjusted annual rate of 4.62 million. It&#8217;s even better news when you compare year-on-year numbers: the current pace of sales is a 10% pop from April 2011. (MORE: Why This May Be the Ideal Time to Buy Real Estate) Record-low mortgage-interest rates &#8212; just when it seems they can&#8217;t sink any lower, they do &#8212; are probably helping the cause. Rates on 30-year fixed-interest mortgages have been under 4% all spring. And those rates are dropping, which may continue to boost home sales. Fixed mortgages that run for 30 years are now available at 3.79%, the lowest rate since data tracking began in the 1950s, according to the Associated Press. Meanwhile, the median price of a home sold in April rose 10.1% from a year ago, to $177,400, according to NAR. That rise is probably driven by two factors: one is the aforementioned cheap financing, which allows buyers to afford to spend more on homes. The other is that there were fewer distressed sales in the market. Foreclosures and short sales &#8212; which typically trade at substantial discounts to non-distressed sales, and thus drag housing prices down &#8212; shrank from 37% to the market a year ago to 28% in April. There&#8217;s no reason that these trends wouldn&#8217;t continue in the short-term, so I think we could be looking at positive May numbers a month from now. However, whether the &#8220;foreclosure crisis&#8221; is over is an open question. It&#8217;s quite possible that banks have been forced to slow their processing of distressed sales, but that there are plenty of foreclosures out there waiting to hit the market in a new<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=57782&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/22/real-estate-jumps-as-number-of-foreclosures-drops/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240" medium="image">
			<media:title type="html">Housing</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
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		<title>When — and Where — the Housing Market Is Due for a Bounce</title>
		<link>http://business.time.com/2012/05/10/when-and-where-the-housing-market-is-due-for-a-bounce/</link>
		<comments>http://business.time.com/2012/05/10/when-and-where-the-housing-market-is-due-for-a-bounce/#comments</comments>
		<pubDate>Thu, 10 May 2012 12:00:18 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Florida Real Estate]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[california]]></category>
		<category><![CDATA[Florida]]></category>
		<category><![CDATA[Home Values]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=38816</guid>
		<description><![CDATA[The real estate recovery is just around the corner. Well, that&#8217;s if you believe the new housing numbers out this week. According to the Fiserv Case-Shiller indexes, home prices continued to drop, a story that&#8217;s all-too-familiar. Specifically, home prices fell 4% year-over-year in the fourth quarter of 2011. The reason for the general &#8220;more of the same&#8221; feeling of repetitive, downbeat news is that housing prices lag sales activity. The cycle of recovery is that prices fall to the point where they&#8217;re perceived as &#8220;cheap,&#8221; buyers become enticed and jump in at those cheap prices, and then that forms a bottom to the market. Subsequently, inventory tightens and prices rise &#8212; but the lag between activity and rising prices can run nine to 12 months, according to Fiserv. (MORE: For Thousands of Homeowners Behind on BofA Mortgages, Relief May Be in the Mail) As a result, &#8220;the year-over-year decline in average home prices does not tell the full story of stabilization and recovery,&#8221; David Stiff, the firm&#8217;s chief economist, noted in a release. They predict that home prices will stabilize in the summer, and then rise at an average of 3.9% annually for the next five years. That would be welcome news for a market that, in aggregate, has been falling for six years. More interesting, though, is the specific number crunching of data about each of 384 metro areas. Fiserv identified six metros that I would call strong bargains. To do this, the number crunchers took the 10 metro areas where prices are expected to rise the fastest over the next five years, and then teased out the half-dozen where prices have already fallen 50% or more. (MORE: A Gourmet Food&#8217;s Growing Pains) Now most of us can&#8217;t speculate on potential home appreciation the way we could bet on a value stock &#8212; and probably shouldn&#8217;t &#8212; but for what it&#8217;s worth, the six value plays identified by Fiserv are: Sebastian-Vero Beach, Fla. Area real estate prices are down 52% from peak, and they are expected to rise at an annualized<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=38816&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/05/10/when-and-where-the-housing-market-is-due-for-a-bounce/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/05/house1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/05/house1.jpg?w=240" />
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			<media:title type="html">house</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
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		<item>
		<title>Mixed Bag of Housing Data Shows Recovery — Except in Areas with High Foreclosures</title>
		<link>http://business.time.com/2012/04/24/mixed-bag-of-housing-data-shows-recovery-except-in-areas-with-high-foreclosures/</link>
		<comments>http://business.time.com/2012/04/24/mixed-bag-of-housing-data-shows-recovery-except-in-areas-with-high-foreclosures/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 15:52:51 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Case-Shiller]]></category>
		<category><![CDATA[home prices]]></category>
		<category><![CDATA[Home Values]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=37795</guid>
		<description><![CDATA[According to data released today by the Federal Housing Finance Agency, prices in February were up 0.4% compared to a year ago, marking a pronounced turn in the market. The numbers would seem positive if it weren't for the fact that the S&#38;P/Case-Shiller index, the other major housing price report, came out an hour before and was lousy.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=37795&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/24/mixed-bag-of-housing-data-shows-recovery-except-in-areas-with-high-foreclosures/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Real Estate Markets</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/real-estate-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/03/600_ml_housing_03271.jpg?w=240" medium="image">
			<media:title type="html">Housing</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
	</item>
		<item>
		<title>Foreclosures Are at a 4-Year Low, But That&#8217;s Not Necessarily Good News</title>
		<link>http://business.time.com/2012/04/12/foreclosures-are-at-a-4-year-low-but-thats-not-necessarily-good-news-2/</link>
		<comments>http://business.time.com/2012/04/12/foreclosures-are-at-a-4-year-low-but-thats-not-necessarily-good-news-2/#comments</comments>
		<pubDate>Thu, 12 Apr 2012 17:20:03 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[California Real Estate]]></category>
		<category><![CDATA[Florida Real Estate]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[Homes]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Real Estate Market]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=37119</guid>
		<description><![CDATA[Foreclosure filings fell in March to their lowest level in four years, but a closer look at the data reveals a complicated housing market, one that is still likely to get worse before genuine, long-lasting improvements take place.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=37119&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/04/12/foreclosures-are-at-a-4-year-low-but-thats-not-necessarily-good-news-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Foreclosures</primary_category><primary_category_link>http://business.time.com/category/personal-finance-2/real-estate-homes/foreclosures-real-estate-homes/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/house1.jpg?w=240" medium="image">
			<media:title type="html">House</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/63e86474dce0246f9a52049d15245238?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">1alisonrogers</media:title>
		</media:content>
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		<item>
		<title>Rental Vacancies Drop as Young People (Finally) Move Out</title>
		<link>http://business.time.com/2012/04/05/rental-vacancies-drop-as-young-people-finally-move-out/</link>
		<comments>http://business.time.com/2012/04/05/rental-vacancies-drop-as-young-people-finally-move-out/#comments</comments>
		<pubDate>Thu, 05 Apr 2012 17:02:56 +0000</pubDate>
		<dc:creator>Alison Rogers</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[Real Estate Markets]]></category>
		<category><![CDATA[Apartment Vacancies]]></category>
		<category><![CDATA[apartments]]></category>
		<category><![CDATA[Home Values]]></category>
		<category><![CDATA[Homes]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[rentals]]></category>
		<category><![CDATA[Rents]]></category>

		<guid isPermaLink="false">http://moneyland.time.com/?p=36586</guid>
		<description><![CDATA[If you&#8217;re thinking that you can&#8217;t get ahead, you&#8217;re right. Rents, according to a Reuters story quoting Reis Inc., a firm that tracks real estate data, just posted their biggest jump in four years. Landlords are taking advantage of declining vacancy rates of 4.9%, the lowest in a decade. But the most surprising fact in the new study isn&#8217;t that there are a lot of renters (after all, millions of Americans have been hit by the real estate crash, and people whose homes have been foreclosed upon have to live somewhere). Rather, it&#8217;s that there appears to be a new source of rental demand: young people. (MORE: The Jobless Generation) This looks like a reversal of the recession story of college graduates headed back home to take over their old rooms and their parents&#8217; basements. Real estate observers and economists call the phenomenon &#8220;household formation&#8221; — a teen or 20-something living with parents is one household, and when the said teen or 20-something moves out into the world, even with roommates, that&#8217;s another household. Historically, household formation would drive housing demand — sometimes in big waves, as for example, when the baby-boom generation needed homes of its own. But during the recession, those young people stopped consuming separate housing and instead boomeranged back home. As Robert Denk, an analyst with the National Association of Home Builders, noted in a widely circulated 2011 paper: during the slump years 2007-09, household formation dropped down to a third of their long-term average. One could theorize that those young people probably wanted their own homes, but with the dismal economy, they made the decision not to pursue them. (MORE: Market for Investment and Vacation Homes Has Been Booming) Now it looks like that household demand is increasing. One census measure — occupied housing units — jumped 1.5% last year over the year before. Of course household demand can come from different places: if a married couple gets a divorce and each take separate living quarters, household demand has increased. But supporting the theory that the demand is bubbling<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=57461&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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