- Post 31 July 2012
- By Copy Editor
(The Housing Wire) -- According to a post on the Federal Reserve Bank of New York blog — Liberty Street Economics — roughly half of the nation's properties are still declining in value.
As the bloggers mention, "The blood flow of a housing market is the transaction volume of its housing stock." So a close look at transaction flow provides a good pulse check. The Fed notes that turnover volumes are still below that of 2000 to 2002 levels, before the housing bubble started growing — sadly the most recent example of a healthy housing market.
The low turnover does not bode well for short-term stability. It gets even darker when looking at distressed sales. ...