News That Moves???

There is no HOORAH for a change in housing. Just a steady hum of hope for better days.

I was reading the housing market headlines, and was trying to do the math. What is the public perception of the housing market based on these stories?

I see that home prices rose in January and home sales fell. Then I see home sales up, because prices are declining.

These headlines are not so motivational to either the buyers or the sellers.

US existing home sales fall 5.3% in Jan - Reuters

WASHINGTON - The pace of sales of existing home in the United States fell 5.3 per cent in January to a 4.49 million-unit annual rate, while home prices dropped to a six-year low and inventories shrank, the National Association of Realtors said

First-Time Buyers Lift Existing-Homes Sales 5.1% - Business Spectator

"The big complaint during the housing-market boom years was that middle-class home buyers were priced out," said Lawrence Yun, chief economist at the National Association of Realtors. "Now that prices are declining, it's giving them a chance to enter the market

Home prices rise for first time in a year - Newswatch

U.S. home prices rose 1.7% in January compared with December, the Federal Housing Finance Agency reported Tuesday. It was the first monthly increase in a year.

Home prices were down 6.3% for the past year and were down 9.6% from the peak in April 2006, the FHFA said. In December, the year-over-year decline was 8.8%.

Connecticut - Housing Predictor - Check out the information

Edited by Robert B. Ruthman