美国二手房走势2000-2007.ppt

Monthly Existing Home Sales2006 to Current (Seasonally Adjusted Annualized Rate) Monthly Existing Home Sales2000 to Current (Seasonally Adjusted Annualized Rate) Existing Home Sales Price Growth 2000 to Current Existing Home Sales Inventory 2000 to Current (Seasonally Adjusted Annualized Rate) Change in Existing Home Sales Inventory 2000 to Current Summary Overall, the slow down in the rate of sales decline (compared month-to-month) is a good sign of stabilization. Some level of home price reduction is necessary for the health of the housing market. Inventory and months supply are still too high. Regionally, on a year-over-year basis, sales declined across the board. The South and the West regions are in weaker conditions. Northeast was down 12.6% South was down 19.4% (concentrated in Florida) Midwest is down 16.9% West is down 33.1% (due to weak conditions in CA, NV, and AZ) October closed sales were partly impacted by the peak of mortgage disruption in August. As consumers move away from subprime to the FHA lower interest loan, there should be positive development in the market. Similarly, as jumbo rates fall, sales of larger homes should improve. Analysis by Wannasiri Chompoopet NAR Research Data Released: 11-28-2007 Data Source: THE NATIONAL ASSOCIATION OF REALTORS? Existing Home Sales October 2007 Quick Notes: Sales in October show signs of stabilization While sales declined, the rate of decline rate is than in recent months The past month’s data were revised down slightly by 10,000 units. In thousand units In thousands Quick Notes: The 4.97 million is the lowest sales pace since NAR began tracking the combined series (single-family plus condo) in 1999 Single-family sales were stable, but condo sector was down. Sharp decline in 2007, especially after the August peak in mortgage disruption % change from a year ago Quick Notes: A Record median price decline of 5.1% in October. Sellers are slashing prices to move sales. The pri