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First Cracks Seen in Housing 'Bubble'.(residential real estate)(Brief Article)
Baltimore -- According to several recent reports, the pace of home price appreciation actually increased in the second quarter of 2005, building upon several years of stronger-than-expected price gains. But one economist not only believes there is a housing bubble. He says it may already have popped.
Steve Sjuggerud, chairman of Investment U, says that while the volume of home sales has been up, median prices have fallen. The median price of a home fell in July by "a whopping 7.2%," Mr. Sjuggerud said in a recent news release.
Moreover, the median price has declined 14% between April and July, he said.
That doesn't necessarily mean prices have fallen - the National Association of Realtors notes that the median price is affected strongly by the mix of homes sold in a ...
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- Median Price of a Home in California at $522,590 in May, up 12.8 Percent from...
- Press release article from: Business Wire June 23, 2005 700+ words
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- Median Price of a Home in California Increases 26.5 Percent in May to New...
- Press release article from: PR Newswire June 25, 2004 700+ words
...June 25 /PRNewswire/ -- The median price of an existing home in California...California," she said. "The median price posted the greatest percentage increase on record, pushing the median price to a new high of $465,160...
- Median Price of a Home in California at $543,980 in Sept., up 17.3 Percent from...
- Press release article from: Business Wire October 25, 2005 700+ words
LOS ANGELES -- The median price of an existing home in California...typically influence home sales. The median price of an existing, single-family...reported. The September 2005 median price decreased 4.4 percent compared...
- Median Price Increases 19.1 Percent in July to Record $383,320, Sales Increase...
- Press release article from: PR Newswire August 25, 2003 700+ words
...ANGELES, Aug. 25 /PRNewswire/ -- The median price of an existing home in California in...their highest level this year. The median price of a home in California reached its...typically influence home sales. The median price of an existing, single-family detached...