S&P/Case-Shiller® March Home-Price Index

The S&P/Case Shiller® composite index for the month of March was released today.

"'This month’s report is marked by the confirmation of a double-dip in home prices across much of the nation. The National Index, the 20-City Composite and 12 MSAs all hit new lows with data reported through March 2011. The National Index fell 4.2% over the first quarter alone, and is down 5.1% compared to its year-ago level. Home prices continue on their downward spiral with no relief in sight.' says David M. Blitzer, Chairman of the Index Committee at S&P Indices. 'Since December 2010, we have found an increasing number of markets posting new lows. In March 2011, 12 cities - Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, Minneapolis, New York, Phoenix, Portland (OR) and Tampa - fell to their lowest levels as measured by the current housing cycle. Washington D.C. was the only MSA displaying positive trends with an annual growth rate of +4.3% and a 1.1% increase from its February level.'

'The rebound in prices seen in 2009 and 2010 was largely due to the first-time home buyers tax credit. Excluding the results of that policy, there has been no recovery or even stabilization in home prices during or after the recent recession. Further, while last year saw signs of an economic recovery, the most recent data do not point to renewed gains.'"

Northern Virginia Weekend Bits Bucket - Memorial Day

Well, it's going to be a hot Memorial Day, but this spring selling season, at least from the sidelines, wasn't.

Here's the inventory in Northern Virginia as of the first of May. My chart reads from the lower right-hand corner to the upper left-hand corner. Since it's so large, it's also available here.

Northern Virginia Bits Bucket 5/26/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 5/23/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 5/19/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 5/17/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Weekend Bits Bucket 5/14/2011

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Northern Virginia April Housing Sales

Northern Virginia's April 2011 housing sales were down 25% YoY, and median prices were up 6.7%. The average days on the market increased by 40% to 63 days.

(The above statistics include Alexandria City, Arlington County, Fairfax City, Fairfax County, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County).

Northern Virginia Bits Bucket 5/09/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 5/06/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.

Northern Virginia Bits Bucket 5/03/2011

Please post your local house search updates, MLS finds, on-topic ideas, and links here.