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28.10MDow Volume:
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Unchanged
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Decliners
3858
Advancers
2239
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
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Dow
/quotes/zigman/627449/realtime 16,499 -144 0.86%
Nasdaq
/quotes/zigman/12633936/realtime 4,790 -38 0.79%
S&P 500
/quotes/zigman/3870025/realtime 1,971 -17 0.88%
GlobalDow
/quotes/zigman/629063/realtime 2,351 -23 0.95%
Gold
/quotes/zigman/662444/delayed 1,131 -3 0.26%
Oil
/quotes/zigman/2331095/delayed 44.55 -0.67 1.48%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,242 -57 0.55%
CAC 40
/quotes/zigman/3173214/delayed 4,643 -32 0.68%
FTSE MIB
/quotes/zigman/1482176/delayed 21,907 -87 0.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,235 -118 1.14%
Stoxx 600
/quotes/zigman/2380150/delayed 362 -1 0.26%
Asia Dow
/quotes/zigman/6959860/realtime 2,784 -13 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 18,890 -246 1.28%
Hang Seng
/quotes/zigman/2622475/delayed 21,671 +58 0.27%
Shanghai
/quotes/zigman/1859015/delayed 3,206 -26 0.82%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,921 -35 1.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.23%
Yen
/quotes/zigman/16008150/realtime/sampled 121.20 -0.50 0.41%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 -0.01 1.09%
DXY Index
/quotes/zigman/1652083/delayed 96.08 +0.09 0.10%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.60 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.55%
Crude Oil
/quotes/zigman/2331095/delayed 45 -1 1.48%
Gold
/quotes/zigman/662444/delayed 1,131 -3 0.26%
Corn
/quotes/zigman/7599553/delayed 373 -3 0.67%
DJIA F
/quotes/zigman/38649152/delayed 16,515 -144 0.86%
S&P F
/quotes/zigman/30356461/delayed 1,973 -17 0.84%
Silver
/quotes/zigman/3134148/delayed 14 0 0.37%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.90 -1.11 -1.22%
AAPL /quotes/zigman/68270/composite 112.58 -0.71 -0.63%
GOOG /quotes/zigman/30194416/composite 632.49 2.11 0.34%
BAC /quotes/zigman/190927/composite 16.22 -0.15 -0.89%
C /quotes/zigman/5065548/composite 52.94 -0.34 -0.64%
F /quotes/zigman/264304/composite 13.69 -0.05 -0.36%
T /quotes/zigman/398198/composite 33.05 -0.24 -0.73%
BP /quotes/zigman/247026/composite 32.93 -0.33 -0.99%
GE /quotes/zigman/227468/composite 24.70 -0.46 -1.83%
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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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Home Prices Drop: New Challenges for Sellers

Home prices continue to fall, but a new group of cities is now leading the declines and posing new problems for home sellers.

Getty Images

Data released this morning by the S&P/Case-Shiller Home Price Indices shows that nationally home prices posted an annual decline of 3.9% in the third quarter compared to a year ago. But home prices fared far worse in cities that up until recently haven’t been associated with the housing crisis. “The poster children of the foreclosure problems are no longer the ones declining the most,” says H. Pike Oliver, senior lecturer at Cornell University’s Department of City and Regional Planning.

Homeowners in Atlanta have seen the biggest price drops over the past year – down a whopping 10% year over year — followed by Minneapolis where home prices are down 7.4%. Also, home prices in Seattle and Portland are down 6.5% and 5.7% respectively. These cities are dealing with slower economies, high unemployment and foreclosures, says Maureen Maitland, vice president at the S&P Indices.

Experts say these price declines underscore a new phase to the housing crisis. While cities in Florida, Nevada, and California are still posting losses, experts point out that their problems were largely caused by an overhang of inventory, homes that are now slowly being purchased by buyers. Instead, the cities where home prices are falling the fastest now are dealing with local economies that have stalled. “What’s happening now is the regions are beginning to show their differentiation — some have more sound economies than others,” says Maitland.

For home sellers, the bottom line is mixed. Would-be sellers who’ve been sitting on the sidelines until the market improves will have to determine how much longer they can wait, say experts. For the most part, home prices in 2012 could continue to drop or at best stay stable, says Jed Kolko, chief economist at real estate listing site Trulia.

The sellers with the most leverage are those located in or near major cities, says Oliver, who says those home prices have been more stable than those in the suburbs. Home buyers, he points out, are increasingly looking to purchase a home near major work centers that also helps them avoid long commutes and paying for soaring gas prices.

On the buying side, there appears to be more opportunity. While the market remains favorable for first-time home buyers, it’s also opening up to move-up buyers, those who have a home and are thinking about selling in order to buy a new, bigger one, says Oliver. If they’re living in an area that has recouped some of its losses, they might be able to sell their home at a price higher than they could during the past couple of years while buying a larger home at a still depressed price, he says.

But consumers who are considering purchasing a home should plan to stay at least five years, experts say. Inventory remains high — there are around 3.3 million existing homes that are on the market, according to the National Association of Realtors – and it could rise if foreclosures pick up and when banks ultimately sell the foreclosed homes they’ve been holding onto, says Kolko. The result could be more losses in home values to come.

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

New York Markets Close in:

/conga/frontpage.html 353689

Markets »

28.11MDow Volume:
Avg Vol: 112.32M
Unchanged
223
Decliners
3858
Advancers
2239
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 16,500 -143 0.86%
Nasdaq
/quotes/zigman/12633936/realtime 4,790 -38 0.79%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.87%
GlobalDow
/quotes/zigman/629063/realtime 2,351 -22 0.95%
Gold
/quotes/zigman/662444/delayed 1,131 -3 0.27%
Oil
/quotes/zigman/2331095/delayed 44.54 -0.68 1.50%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,241 -57 0.55%
CAC 40
/quotes/zigman/3173214/delayed 4,643 -32 0.68%
FTSE MIB
/quotes/zigman/1482176/delayed 21,907 -87 0.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,235 -118 1.14%
Stoxx 600
/quotes/zigman/2380150/delayed 362 -1 0.26%
Asia Dow
/quotes/zigman/6959860/realtime 2,785 -13 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 18,890 -246 1.28%
Hang Seng
/quotes/zigman/2622475/delayed 21,671 +58 0.27%
Shanghai
/quotes/zigman/1859015/delayed 3,206 -26 0.82%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,921 -35 1.17%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.23%
Yen
/quotes/zigman/16008150/realtime/sampled 121.19 -0.51 0.42%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.13%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 -0.01 1.10%
DXY Index
/quotes/zigman/1652083/delayed 96.08 +0.10 0.10%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.60 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 0.00 0.55%
Crude Oil
/quotes/zigman/2331095/delayed 45 -1 1.50%
Gold
/quotes/zigman/662444/delayed 1,131 -3 0.27%
Corn
/quotes/zigman/7599553/delayed 373 -3 0.67%
DJIA F
/quotes/zigman/38649152/delayed 16,513 -146 0.88%
S&P F
/quotes/zigman/30356461/delayed 1,973 -17 0.85%
Silver
/quotes/zigman/3134148/delayed 14 0 0.37%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.82 -1.19 -1.31%
AAPL /quotes/zigman/68270/composite 112.63 -0.66 -0.58%
GOOG /quotes/zigman/30194416/composite 632.65 2.27 0.36%
BAC /quotes/zigman/190927/composite 16.22 -0.14 -0.89%
C /quotes/zigman/5065548/composite 52.95 -0.33 -0.62%
F /quotes/zigman/264304/composite 13.68 -0.06 -0.44%
T /quotes/zigman/398198/composite 33.03 -0.26 -0.77%
BP /quotes/zigman/247026/composite 32.92 -0.34 -1.02%
GE /quotes/zigman/227468/composite 24.70 -0.46 -1.83%
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
  • /quotes/zigman/57221/composite ARIA-5.36%
  • /quotes/zigman/55989606/composite ACI+19.98%
  • /quotes/zigman/83890/composite MDCO+15.52%
  • /quotes/zigman/92224/composite ALNY-2.80%
  • /quotes/zigman/7971437/composite AMT-0.19%
X
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