The Cardinal

Forbes has studied 200 cities with population 256,00 or greater while paying attention to home prices, home values, foreclosure rates, property taxes, political corruption, income taxes, weather, violent crimes, commute times, unemployment and pro sports team performance (sports, ludicrous?). Most Miserable: 1. Miami, Florida — 47% of homeowners sitting on underwater mortgages and 364,000 properties [...]

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According to Robert Shiller, Yale professor of economics the housing market is in for more losses, citing “unusual factors” that he said influenced the outlook for the housing market. Unusual factors … During the real estate boom, people stopped regarding homes as homes, and considered them investments in land. The real estate boom turned into [...]

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More than 28 percent of U.S. homeowners owed more than their properties were worth in the first quarter 2011 as values fell the most since 2008, according to Zillow Inc. Home prices slumped 8.2 percent over the past 12 months. About 27 percent of homes with mortgages were “underwater” in the fourth quarter 2010. Homeowners [...]

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Home prices ticked up in July for the fourth straight month, but many cities are bracing for declines in the year ahead. (Sept. 28) The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 [...]

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