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need to know
Costco same-store sales rise significantly
Europe markets rise | FTSE 100 heads for gain
Eurozone economy grows faster than seen
Glass Lewis opposes B. of A. board proposal
IMF: China slowdown threatens global outlook
Treasury's Lew irked by China's FX move
Rio Tinto sees solid demand for iron ore, steel
Novartis to begin selling Neupogen copy in U.S.
Asian shares rise; China closed for holiday

5 things to watch at today’s ECB meeting

ECB forecasts to come under close scrutiny
French jobless rate holds steady at 10.3%


Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9

Liberal arts majors may become a thing of the past
They tangled with student debt all summer
College help for low-income families

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

China stock markets close for World War II anniversary
China tightens controls to fight capital outflows
See the massive military parade in Beijing


Almond milk and other notable Fed nuggets

Fed Beige Book finds rising wage pressures

Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves
Still too many gold market bulls: Mark Hulbert

GoPro’s stock rocked by supplier’s outlook

Intel hopes its chip retool can revive PC sales

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Salesforce’s new target: rationalizing medical info

Medicare premiums will be going up for many

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors
Hulu rolls out ad-free option for $11.99 a month
Digital subscriptions can exceed our cable bills

Guide to managing money from your 20s to your 70s
Guide to managing money from your 20s to your 70s
How estate planning can be stress-free
Take your company pension, or buy an annuity?
Is this all the investing advice you’ll ever need?

Clinton's $10 billion anti-drug-addiction plan

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA
/conga/frontpage.html 354018

Markets »

133.48MDow Volume:
Avg Vol: 113.01M
Unchanged
201
Decliners
1922
Advancers
4480
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
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Dow
/quotes/zigman/627449/realtime 16,351 +293 1.82%
Nasdaq
/quotes/zigman/12633936/realtime 4,750 +114 2.46%
S&P 500
/quotes/zigman/3870025/realtime 1,949 +35 1.83%
GlobalDow
/quotes/zigman/629063/realtime 2,321 +8 0.36%
Gold
/quotes/zigman/662444/delayed 1,129 -5 0.41%
Oil
/quotes/zigman/2331095/delayed 46.18 -0.07 0.15%
FTSE 100
/quotes/zigman/3173262/delayed 6,174 +91 1.50%
DAX
/quotes/zigman/2380246/delayed 10,212 +164 1.64%
CAC 40
/quotes/zigman/3173214/delayed 4,618 +63 1.38%
FTSE MIB
/quotes/zigman/1482176/delayed 21,908 +296 1.37%
IBEX 35
/quotes/zigman/2759620/delayed 10,014 +76 0.76%
Stoxx 600
/quotes/zigman/2380150/delayed 359 +5 1.49%
Asia Dow
/quotes/zigman/6959860/realtime 2,712 +8 0.31%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.04%
Yen
/quotes/zigman/16008150/realtime/sampled 120.32 -0.01 0.01%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.13%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.41%
DXY Index
/quotes/zigman/1652083/delayed 95.89 -0.09 0.09%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.65 +0.10 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 0.00 0.08%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.01 0.79%
Italy 10yr
/quotes/zigman/15866497/realtime 1.98 -0.01 0.65%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 -0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 0.00 0.04%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.15%
Gold
/quotes/zigman/662444/delayed 1,129 -5 0.41%
Corn
/quotes/zigman/7599553/delayed 367 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,394 +64 0.39%
S&P F
/quotes/zigman/30356461/delayed 1,954 +7 0.34%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.09%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.89 2.66 3.05%
AAPL /quotes/zigman/68270/composite 112.34 4.62 4.29%
GOOG /quotes/zigman/30194416/composite 614.34 16.55 2.77%
BAC /quotes/zigman/190927/composite 15.85 0.32 2.06%
C /quotes/zigman/5065548/composite 51.75 0.81 1.59%
F /quotes/zigman/264304/composite 13.87 0.15 1.09%
T /quotes/zigman/398198/composite 32.82 0.50 1.55%
BP /quotes/zigman/247026/composite 32.20 0.06 0.19%
GE /quotes/zigman/227468/composite 24.57 0.69 2.89%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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New Housing Data: Are Sellers Caving Too Early?

New data suggests that many Americans have given up on a rebound in the housing market and are selling their homes at a discount. Are they making the right move?

Getty Images

According to figures released this morning by the National Association of Realtors, the median sales price of homes dropped more than 3% to $165,400 in September, but house sales increased over 11% to a seasonally adjusted annual rate of 4.91 million units from a year ago. While that bump up in sales may be good news for the struggling housing market, analysts say it also suggest that many sellers are lowering their asking prices to unload the properties. They point out that many sellers are facing increasing competition from foreclosed homes that are selling at steep discounts. In fact, more than one-quarter of all home sales listed earlier this month on Trulia.com, a real-estate listing site, have had a price cut — about the same as last year, though sales are significantly up since then. “It doesn’t matter if home sales increase — it’s still a buyer’s market,” says Stu Feldstein, president at SMR Research, which tracks the housing market.

For those looking to sell, the current housing market provides no easy answers, say analysts. Holding out for a rebound in house values may not be an option, particularly for those who are at risk of falling behind on their mortgage payments. On top of that waiting may take a while: Any significant increase in housing prices for many parts of the country is unlikely to occur until for at least two years or as long as five years, estimates Jack McCabe, an independent housing analyst in Deerfield Beach, Fla. In some hard-hit regions like Jacksonville, Fla., Las Vegas and Nevada, it may take even longer.

Would-be sellers who are on still on the sidelines face other risks, say experts. For example, there are the extra expenses homeowners will incur, such as property taxes and maintenance bills, while living in the house, says Dominick Prevete, regional vice president at Weichert Realtors. They might also need to keep pumping money into repairs, he adds, with the aim of selling it at or near the asking price when the house eventually goes on the market.

Home sellers who decide to bite the bullet should focus on pricing their house at a realistic and appealing price, says McCabe. Even in the most ideal situation, they should consider pricing the home at the average price of similar properties in the area. To attract immediate attention, pricing slightly below the average asking prices is likely to bring in more buyers and move the home faster, he says.

The biggest risk would-be sellers face is holding out only to sell in a market that’s even less favorable. That’s already happened in some markets. Sellers in some cities are now doing more price cuts than they were a year ago: in New York, for example, 29% of properties listed on Trulia are discounted — meaning they’ve had at least one price cut — up from 22% a year ago. In Atlanta, that’s up to 39% from 32% a year ago. And in Indianapolis: a whopping 41%, from 32% a year ago.

Though the factors vary by city, foreclosures and tighter lending requirements are pushing sellers to the brink, say analysts. Most cash buyers — which account for about a third of all home sales — are purchasing distressed properties, including foreclosed homes and short sales, which are priced at roughly 20% less than similar non-distressed properties, says a spokesman at the National Association of Realtors. They’re not looking to make a deal with a regular home seller since it would mean spending more money, he says.

Separately, banks are requiring appraisers to do a more thorough analysis of homes. And because so many homes are foreclosures, these values are dropping — forcing many sellers to reconsider their asking prices. Roughly 33% of realtors reported contracts being canceled, delayed or renegotiated to a lower sales price for the three months ending August as a result of lowered appraisals, according to the NAR.

Comments

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Comments (5 of 13)

View all Comments »
    • hi just registered ,, tina

    • Home prices are still a bubble compared to historic norm. According to case shiller index, we are still 20% above long term averages. Typical bottom comes at 20% below average. But this is not your typical recession. This is a deflationary crash. This is Great Depression material. These averages themselves are based on a money supply that was inflated by borrowing for many decades. When the money supply deflates, existing prices and salaries cannot be sustained:

      http://www.kondratieffwavecycle.com/housing-bubble-bust/

      Today the debt problem is much much bigger than the days of Great Depression. Whatever you do, do not get into debt. If you want to buy, buy cash down. Even if prices do not fall, in many cases, rent is cheaper if you consider mortgage interest, property taxes, condo fees, maintenance, lost interest/investment income…

    • Well Steve it’s worth much much less than you think.

    • My house is my home. I have a great spot in the spare room where we marked the kids heights over the years. We have a spot on the window sill near the back door where Rudy the dalmation and now Sandy the dog from the shelter scratched the wood away waiting for us to open the door when we come home.

      There’s the spot in the basement that leaks when we get a bad rainstorm and there’s the big window in the living room that we can look out and see the snow and who’s driving down the street and sometimes see the neighbor’s kids riding their bikes.

      My house is my home, it really doesn’t matter to me what someone on Wall Street thinks our house is worth.

    • Maybe rather than just trying to sell for a figure, if sellers take the approach of trying to find their home a good home, a right match, then the right figure will show up.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.4% /quotes/zigman/38649152/delayed DOW +0.4% /quotes/zigman/30356458/delayed NASDAQ +0.4%

need to know
Costco same-store sales rise significantly
Europe markets rise | FTSE 100 heads for gain
Eurozone economy grows faster than seen
Glass Lewis opposes B. of A. board proposal
IMF: China slowdown threatens global outlook
Treasury's Lew irked by China's FX move
Rio Tinto sees solid demand for iron ore, steel
Novartis to begin selling Neupogen copy in U.S.
Asian shares rise; China closed for holiday

5 things to watch at today’s ECB meeting

ECB forecasts to come under close scrutiny
French jobless rate holds steady at 10.3%


Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9

Liberal arts majors may become a thing of the past
They tangled with student debt all summer
College help for low-income families

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

China stock markets close for World War II anniversary
China tightens controls to fight capital outflows
See the massive military parade in Beijing


Almond milk and other notable Fed nuggets

Fed Beige Book finds rising wage pressures

Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves
Still too many gold market bulls: Mark Hulbert

GoPro’s stock rocked by supplier’s outlook

Intel hopes its chip retool can revive PC sales

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Salesforce’s new target: rationalizing medical info

Medicare premiums will be going up for many

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors
Hulu rolls out ad-free option for $11.99 a month
Digital subscriptions can exceed our cable bills

Guide to managing money from your 20s to your 70s
Guide to managing money from your 20s to your 70s
How estate planning can be stress-free
Take your company pension, or buy an annuity?
Is this all the investing advice you’ll ever need?

Clinton's $10 billion anti-drug-addiction plan

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA
/conga/frontpage.html 354018

Markets »

133.48MDow Volume:
Avg Vol: 113.01M
Unchanged
201
Decliners
1922
Advancers
4480
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,351 +293 1.82%
Nasdaq
/quotes/zigman/12633936/realtime 4,750 +114 2.46%
S&P 500
/quotes/zigman/3870025/realtime 1,949 +35 1.83%
GlobalDow
/quotes/zigman/629063/realtime 2,321 +8 0.35%
Gold
/quotes/zigman/662444/delayed 1,129 -5 0.41%
Oil
/quotes/zigman/2331095/delayed 46.18 -0.07 0.15%
FTSE 100
/quotes/zigman/3173262/delayed 6,175 +91 1.50%
DAX
/quotes/zigman/2380246/delayed 10,212 +164 1.63%
CAC 40
/quotes/zigman/3173214/delayed 4,617 +63 1.37%
FTSE MIB
/quotes/zigman/1482176/delayed 21,907 +295 1.36%
IBEX 35
/quotes/zigman/2759620/delayed 10,012 +74 0.75%
Stoxx 600
/quotes/zigman/2380150/delayed 359 +5 1.47%
Asia Dow
/quotes/zigman/6959860/realtime 2,712 +8 0.31%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.04%
Yen
/quotes/zigman/16008150/realtime/sampled 120.32 -0.01 0.01%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.13%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.43%
DXY Index
/quotes/zigman/1652083/delayed 95.90 -0.09 0.09%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.65 +0.10 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 0.00 0.08%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.01 0.69%
Italy 10yr
/quotes/zigman/15866497/realtime 1.98 -0.01 0.61%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 0.00 0.22%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.82 +0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.15%
Gold
/quotes/zigman/662444/delayed 1,129 -5 0.41%
Corn
/quotes/zigman/7599553/delayed 367 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,395 +65 0.40%
S&P F
/quotes/zigman/30356461/delayed 1,954 +7 0.34%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.05%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.89 2.66 3.05%
AAPL /quotes/zigman/68270/composite 112.34 4.62 4.29%
GOOG /quotes/zigman/30194416/composite 614.34 16.55 2.77%
BAC /quotes/zigman/190927/composite 15.85 0.32 2.06%
C /quotes/zigman/5065548/composite 51.75 0.81 1.59%
F /quotes/zigman/264304/composite 13.87 0.15 1.09%
T /quotes/zigman/398198/composite 32.82 0.50 1.55%
BP /quotes/zigman/247026/composite 32.20 0.06 0.19%
GE /quotes/zigman/227468/composite 24.57 0.69 2.89%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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