Some quick tidbits on the real estate market in Hinsdale. As of September 8th 2009, there were 322 homes on the market. Off the 322 listings, 7 homes are temporarily off the market 35 are under contract 20 are short sales (8 under contract now) The average single family home price is $1,299,687. The median… Read more
In a CNBC interview today, banking analyst Meredith Whitney cautioned that home prices could drop another 25%. Her argument is based upon the fact that unemployment, currently at 10%, is now driving foreclosures and she doesn’t see it getting any better any time soon. Meredith Whitney is a force to be reckoned with because she… Read more
There are a few statistical measures that realtors use to monitor the condition of real estate markets. Two of these measures are months supply of home inventory (how many months it would take to sell off the current inventory at the current sales rate) and market time (how many days homes have been on the… Read more
As of last Tuesday there is a way to trade houses just like you would stocks – sort of. A company called MacroMarkets has created two instruments that allow people to take positions that bet on the price of houses going up or down in 10 markets that comprise the Case Shiller 10 City Composite… Read more
Although we currently have an administration in Washington that is determined to micro-manage the economy the data is already proving that it’s just not possible. Markets are stronger than governments and going against the market is like building cities below sea level in the path of hurricanes. The water always gets in. (In fact, the… Read more
