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Real Estate Price Index ® (Per Sq. Ft) REPI
September 2011
The Real Estate Price Index (REPIUS), a forward-looking indicator based on Home Price Values per Sq. Ft., in September, rised $2 to level $144.00 per Sq Ft. Average Price for 2000 Sq. Ft Home increased on $4000 per home during one month. The current price is on the level August 2003.
The farther prices fall
Almost 14 million homeowners are already under water, meaning they owe more on their mortgages than their homes are worth. Nationally, home prices have receded to 2003-levels, and half of the metro areas in the 20-city Real Estate Price Index have lost more than 30 percent of their values from their peaks in 2006, including Las Vegas, San Francisco and Miami.
Down trend in Real estate market in June 2010 continues. But the market is still far from normal balanced conditions. The price will continues to fall at list during next 6 month to the first support line at the level $120 per Sq Ft (level of December 2001).
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Top 5 Most Troubled Real Estate Markets
1. Miami, Florida
Delinquency rate: 28.8%
Comment: In greater Miami, including Fort Lauderdale and West Palm Beach, one-quarter of mortgages are 90 days past due or worse. In Miami proper, one-fifth of mortgages are in foreclosure or converted to REO. Worst in the country so far.
2. The Rest of Florida
Delinquency rate: 16%
Comment: The only significant metro area in Florida with a delinquency rate below 10% is Pensacola, where 9% of mortgages are 90 days or more past due.
3. Las Vegas, Nevada
Delinquency rate: 21.7%
Comment: Maybe building all those high-rise condo buildings off the strip wasn't such a great bet after all. Mortgages in foreclosure or converted to REO here are 10.2% of the total.
4. Riverside, California
Delinquency rate: 19.1% Comment: Riverside's boom is a fading memory; 7.7% of the mortgages in this metro area are either in foreclosure or converted to REO. That's twice the 3% national average.
5. Bakersfield, California
Delinquency rate: 16.4%
Comment: In this quiet area north of Los Angeles values are way down and 6.4% of mortgages are in foreclosure or converted to REO.

New York (September)

New Technology for today's real estate market!
You cannot control Real estate market, but at list you can check the trend!
Still Down trade? Or Reverse?
Just click and check!
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NEW HOME SALES (May)
Actual: 300 000 Previous: 446 000
NEW HOME SALES (MOM) (May)
Actual: -32.7% Previous: 14.7%
EXISTING HOME SALES (July)
Actual: 383000 Previous: 526000
EXISTING HOME SALES (MOM)
Actual: -27.2% Previous: -7.1%
BUILDING PERMITS (July)
Actual: 560 000 Previous: 580 000
HOUSING STARTS (YOY)(July)
Actual: 540 000 Previous: 537 000
PENDING HOME SALES (MOM) (July)
Actual: -5.2% Previous:-2.8%
CONSTRUCTION SPENDING (July)
Actual:1% Previous:-0.8%
REAL ESTATE PRICE INDEX (MOM)(August)
Actual:-2.1% Previous:-1.6%
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