Author Archives: Ron Cohen

About Ron Cohen

Retired, I've spent the past few years describing "the life of a pond in words and photographs:" Recently I've created a new photo blog devoted to "people and places along my way:"

Home Price Gains Slow in July

As they have for several months, home prices continued to gain in July, but at a slowing rate, according to the closely watched S&P/Case-Shiller Home Price Index in its latest, September report(see chart, which is seasonally unadjusted). On a seasonally adjusted basis, the composite index of … Continue reading

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Bubble, Bubble, Toil and Trouble…

Some experts now suggest the bubble is over. Is it finally a good time to buy a home? The perennial question has gained salience in this troubled economy. The answer depends, of course, on one’s view of home prices. Have they bottomed, or will they fall further? Continue reading

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Home Prices Rose Modestly in Second Quarter 2010

Broadly, across the country, home prices improved modestly in the Second Quarter of 2010. This was true against both the previous quarter, and against the same quarter a year ago. So stated the S&P/Case Shiller Home Price Index, in its latest, June report. Continue reading

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Were the Critics Right?

July’s abrupt drop in existing-home sales produced a wave of concern in the media and in Washington. Talk was rife of a double-dip, housing recession. In truth, the news was neither bad nor unexpected. Hopes had simply been unrealistic. Proponents … Continue reading

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Boston-Area Home Sales, in July, Fell Faster Than Nation’s

For July, existing-home sales in the Boston area plunged 39.2% from the previous month, far exceeding the record 27.2% drop reported nationally by the National Association of Realtors. The cause of the disparity was not immediately apparent. For the year, July sales were down 29.0% in the Boston area, but that was consistent with the Northeast region as a whole. Continue reading

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Fed Acts to Keep Interest Rates Low

Concerned about the slowing pace of recovery, the Federal Reserve on August 10 announced renewed efforts to keep interest rates low. As reported by The New York Times, the Fed will reinvest proceeds from its mortgage-bond portfolio in long-term government securities. For home buyers, it means mortgage rates should remain near historic lows for some time. Continue reading

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Did the Tax Credit Push Home Prices Down?

The tax credit certainly worked as intended to bolster home sales. Existing and new home sales, inventories and housing starts all showed big improvements in March and April — all the categories, that is, except home prices, which continued their month-to-month decline in most of the country. Continue reading

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