C***r
发帖数: 844 | 1 【 以下文字转载自 SanFrancisco 讨论区 】
发信人: Cesar (牧场主), 信区: SanFrancisco
标 题: High-End Homes Frozen Out of Budding Housing Rebound
发信站: BBS 未名空间站 (Mon Aug 3 15:03:33 2009, 美东)
http://online.wsj.com/article/SB124924069909799645.html
a few highlights:
• Overall, the inventory of unsold homes in June was enough to last
9.4 months at the current selling pace, down from 11 months a year ago,
according to the NAR. But the supply of unsold homes priced above $750,000
swelled to around 17 months in June, up from a 14.5-month backlog one year
ago.
• A recent forecast by analysts at J.P. Morgan Chase & Co. said it
would take until at least 2012 for the expensive-home market to recover and
that peak-to-trough declines could surpass 60%, compared to 40% for the rest
of the market.
• Last week, the average rate on a 30-year mortgage below the
limits was 5.42% compared with 6.33% for jumbos
• The rate of 60-day delinquencies on prime-jumbo mortgages jumped
to 7.4% in May, from 4.5% in November, according to First American CoreLogic
. By comparison, 60-day delinquencies on prime-conforming loans reached 4.9%
in May, from 3.6% in November.
• A recent survey by the NAR found nearly three-quarters of real-
estate agents said buyers were purchasing smaller houses due to tighter
credit requirements. "We're in a 'trade-down' environment for the first time
since the 1930s," says Kenneth Rosen, chairman of the Fisher Center for
Real Estate and Urban Economics at the University of California, Berkeley.
• Treasury Secretary Timothy Geithner decided to rent out his
Larchmont, N.Y., home after it failed to sell and President Obama purchased
a $1.65 million Chicago home with a $1.3 million jumbo mortgage in 2005, at
the height of the real-estate bubble. The property is now worth $1.2 million
, according to an estimate by Zillow. |
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