Just a Note: Half the nation's housing is still losing value
- 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. ...
"Question all which is 'taught,' dig deeper, think clearly, respond profusely. Conformity is the antithesis of free thought and self-determination." -- Standard Pearls