By Esther Cho | 05/09/2012
Analyzing the housing market through the perspective of 384 markets, Fiserv Case-Shiller Indexes pointed to a slow, but steady pace toward recovery after dramatic price declines. According to the Fiserv indexes, in the fourth quarter of 2011, home prices in 70 of the 384 metro areas tracked were either unchanged or had increased compared to the same quarter a year ago. Also, 122 of the metros saw prices decline by less than 2 percent. On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent.
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By Esther Cho | 04/24/2012
FHFA's house price index showed a monthly increase of 0.3 percent in February and a 0.4 percent increase compared to a year ago. This marks the first 12-month gain since the July 2006 - July 2007 yearly increase. The FHFA index uses purchase prices of houses backing mortgages sold to or guaranteed by Fannie Mae or Freddie Mac. Patrick Newport, economist with IHS Global Insight, pointed out in a report that unlike FHFA indexes, Case-Shiller includes all transactions and, he said, GSE mortgages are in much better shape than other mortgages overall.
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By Mark Lieberman, Five Star Institute Economist | 04/24/2012
The Case-Shiller Home Price Indexes fell for the sixth straight month in February with the 10- and 20-city indices each dropping 0.8 percent from January, Standard & Poor's, which compiles the indexes, reported Tuesday morning. The 10-city index slid to its lowest level since May 2003 and the 20-city index dropped to its lowest level since October 2002.
Prices fell in 16 of the 20 cities surveyed, improving month-month in only Miami, Phoenix and San Diego. Prices were unchanged month-month in Dallas. Prices were down year-year in 15 of the 20 cities, improving only in Denver, Detroit, Miami, Minneapolis and Phoenix.
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By Carrie Bay | 05/09/2011
Fiserv, Inc. on Monday released an analysis of home price trends in more than 375 U.S. markets. While residential property values are continuing to fall on a year-over-year-basis in three-quarters of the metros, Fiserv sees signs of stabilization on the horizon. The company contends that the slide in prices has greatly improved home affordability. This dynamic, combined with growing economic strength, has prompted Fiserv's projection that average U.S. home prices will stabilize in the third quarter of this year.
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By Carrie Bay | 02/01/2011
The ups and downs seen in home price data over the past few years indicate a slow recovery in home prices with many false starts, especially in markets riddled with foreclosed properties, according to Fiserv, Inc. But the company's analysts say that while the ebb and flow is not over, they expect 75 percent of U.S. metro areas to see stable prices by the end of 2011.
Fiserv says home prices have already leveled out in one of four metro areas.
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By Carrie Bay | 07/29/2010
Despite recent increases in a number of the industry's home price measurements, and even an uptick in the company's own index of residential property prices, Fiserv Inc. says the gains will be short-lived.
The information technology firm is forecasting home prices to fall by another 4.9 percent over the next 12 months, as unemployment remains high, mortgage rates rise, and markets such as Florida, Arizona, and Nevada add even more distressed properties to their inventories.
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