Friday, August 17, 2007

Current Market Trends

HOUSING
Where Housing Is Headed

A look at fundamental indicators in 28 major real-estate markets. (See related article)
— Compiled by James R. Hagerty, 07/25/07

Metro area Recent price trend* Change in housing inventory** Employment outlook*** Loan payments overdue****
Atlanta Down +43%Strong 4.6%
Boston Down -16%Weak 3%
Charlotte, N.C. Up -Strong 3.2%
Chicago Down +37%Weak 3%
Dallas Down +8.5%Very Strong 4.3%
Denver Down -5.2%Average 3.4%
Detroit Down +15%Very Weak 5.1%
Houston Flat +18%Very Strong 4.2%
Jacksonville, Fla. Down +33%Average 3.7%
Las Vegas Down +21%Very Strong 4.8%
Los Angeles Down +28%Weak 2.9%
Miami Down +43%Average 5.3%
Minneapolis Down +11%Average 3.3%
Nashville Down +35%Average 3.4%
New York Down +4.5%Weak 3.3%
Orange County, Calif. N/A +22% Average2.4%
Orlando Down +41%Very Strong 3.7%
Philadelphia Down +11%Weak 2.7%
Phoenix Down +20%Average 2.9%
Portland, Ore. Down +57%Strong 2.1%
Raleigh-Durham, N.C. Up +17%Strong 2.5%
Sacramento Down +7%Very Strong 3.8%
San Diego Down +0.3%Average 2.8%
San Francisco Down +16%Average 2.3%
Seattle Flat +55%Strong 1.8%
St. Louis N/A +31%Weak 3.3%
Tampa Down +29%Strong 3.7%
Washington, D.C. Down +11%Average 2.7%

* Overall metro area price trend compared with prior month, based on a June survey of real estate agents by Banc of America Securities. Actual price movements often vary sharply within a metro area.

**Change from a year ago in the number of single-family homes, condos, townhouses and co-ops offered in multiple-listing services at the end of June 2007. New York includes Manhattan, Brooklyn, Queens, northern New Jersey, Long Island and Fairfield County, Conn. San Francisco includes the city plus eight surrounding counties. Washington includes the city plus Maryland and Virginia suburbs. Dallas includes Fort Worth and other North Texas towns.

***Job growth projections by Moody's Economy.com for the two years ending in mid-2009.

****Percentage of mortgage loans 30 days or more delinquent in latest quarter, based on data from Equifax and Moody's Economy.com. U.S. average is 3.3%.

This is from the latest addition from the realestatejournal.com

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