Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
 

  Current Housing Indicators
CURRENTPREVIOUS
Existing Home Sales4.49m4.74m
New Home Sales309,000344,000
Housing Starts583,000477,000
Building Permits547,000531,000
HMI9UNCH9
Existing Home Prices$170,300▼ (annually)$199,800
New Home Prices$201,100▼ (annually)$232,400
 
Realty Check Video Gallery
The hour's business headlines, with CNBC's Diana Olick.
The joint economic committee holding a hearing today on whether rising defaults in the commercial realty market pose a s...
 
HOMEBUILDERS TOP 10 INDEX
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

REALTY CHECK VIDEO

» More

Current DateTime: 09:01:45 10 Jul 2009
LinksList Documentid: 30871294
Expiration DateTime: 7/10/2009 9:03:34 AM

RSS FEED

» Help

Current DateTime: 09:01:45 10 Jul 2009
LinksList Documentid: 30871303
Realty Check
Text Size
Feb.07
11:08 AM ET
Thursday, 7 Feb 2008
Housing Forecast Changes: Will Numbers Be More "Positive"?

CNBC.com

In their never-ending quest to put a positive spin on the housing market (it is, after all, their bread and butter), the Realtors (National Association of Realtors) today changed the way they report their annual housing forecast.

Usually, they just put the current year’s predictions of sales and prices and then the following year’s predictions.

This month they divided the current year into two parts, saying that existing home sales would run at an annual rate of 4.9 million units and then rise “notably” to 5.8 million units. This prediction is based on an assumption that Congress, as part of the stimulus package, will raise the GSE loan limits. We'll see.

On another note, the deputy director of the Office of Federal Housing Enterprise Oversight, Edward DeMarco, told an audience of securities analysts that OFHEO will start publishing a monthly index of home prices in addition to its current quarterly report.

This is in an effort to track trends better. Remember, OFHEO tracks prices on homes with conforming loans, that’s anything under $417,000, so it’s not the high-end stuff. DeMarco also said mortgage delinquencies have been rising across the board, from subprime to prime.

Also today, the chiefs of Fannie [FNM  Loading...      ()   ] and Freddie [FRE  Loading...      ()   ] are on the Hill, along with OFHEO, to talk about GSE regulatory reform. The proposal to raise the GSE loan limits is in the House-passed stimulus package, but Finance Committee Chairman Barney Frank has said that without GSE reform, he will not allow that temporary lift in the limit to extend past the end of this year.

Questions?  Comments? 

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post


Current DateTime: 08:26:52 10 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:04 10 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 07:29:15 10 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:05:45 10 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters