By Quentin Fottrell
Home prices are rising, experts say, but not as much as some reports may suggest. And to maintain a realistic view of any real-estate recovery, it may be wise to err on the conservative side.
- Andy Dean Photography / Shutterstock.com
Prices rose by 1.2% in July over the year-earlier period, and 1.6% over the previous month, according to the S&P/Case-Shiller Home Price Index released Tuesday. Housing analysts are generally greeting this as good news, but it looks pallid compared to the most recent National Association of Realtors survey, which came out last week. That report estimated that the median sales price of existing homes rose 9.5% in the 12 months to August 2012, strongest increase since January 2006. July’s NAR report showed a similarly large gain.
“Both reports show that there’s definitely more buying and selling of houses,” says Susan M. Wachter, professor of real estate and finance at Wharton University of Pennsylvania. “The market is stabilizing.”
But some analysts say that the NAR report may present a too-rosy view of that market. Case-Shiller house prices are historically slightly more conservative than price data from the NAR, mostly because the report adjusts for the size of homes being sold, while the NAR’s price index does not. The result is that NAR’s numbers jump when homes at the high end of the market sell strongly, and lately, larger and more expensive homes have been selling particularly well, says Jed Kolko, chief economist at real estate listing site Trulia. “This is why the NAR median sales price has risen so much more than other indexes.”
In fact, the market for those expensive homes has seen a big turnaround this year. In August, the sales of high-priced homes valued at between $250,000 and $750,000, as well as of those over $1 million, increased by some 25% on the year, according to the NAR. “The higher end of the housing market is playing catch-up,” Wachter says. “People are getting the prices they want.”
But fewer homes at the lower end of the market have been selling in recent months – meaning that housing’s recovery isn’t being felt as strongly in some of the communities where the slump hit the hardest. That’s why many economists currently see the Case-Shiller index as the more important gauge of the housing market’s overall health. When mid-priced homes start selling better, experts say that’ll be a sign that both the overall economy and the real-estate market are getting better. “People got slammed on equity during the recession,” says Stuart A. Gabriel, director of UCLA’s Richard S. Ziman Center for Real Estate. “But as the recovery continues more people will start to accrue equity in their homes and will be able to trade up.”
The housing market may face some additional hidden headwinds. House prices have been helped in recent months by the dearth of foreclosure properties on market, but some analysts say that won’t last. The number of foreclosure filings fell 15% in August from the year-earlier level, according to RealtyTrac’s most recent report, but that firm says this is due to delays in the foreclosure process. “We’re seeing recent increases in foreclosure activity in many states like Florida, Illinois, New York and New Jersey that will likely result in more distressed sales in the next six to 12 months,” says Daren Bloomquist, vice-president at RealtyTrac.
For those with a deeper interest in real-estate minutiae, there are other key differences in the house price reports. The NAR measures prices on a monthly basis and gives estimates for the previous month, while Case-Shiller bases its estimates on a three-month moving average and has a two-month time lag. The NAR covers 156 metro areas; Case-Shiller only tracks 20 cities. Case-Shiller tracks price changes of the same properties, which gives a more accurate picture, says Sofia Song, vice-president of real estate site StreetEasy.com. “But from an investor’s perspective both reports are worth reading.”
By WebOsPublisher
Samsung Corby 2 or S3850 – Call of Duty: Modern Warfare + Radioactive Icons Themes
Samsung Corby 2 or S3850 – Call of Duty: Modern Warfare + Radioactive Icons Themes – Blog Top Sites
Samsung Corby 2 or S3850 – Call of Duty: Modern Warfare + Radioactive Icons Themes
choozhang.blogspot.com/2011/09/samsung-corby-2-or-s3850-call-of-duty.html
Like it 4
by: Tiu_Bi_Zhu – Site Details »
Samsung Corby 2 or S3850 – Call of Duty: Modern Warfare + Radioactive Icons Themes
Wait no more for this theme Bonting101, the guy or girl (?) who requested this theme last last week, I guess. I may say you are very lucky indeed because Corby Cat originally made all the radioactive icons with 3D like effect just for this themes. Th…
read more
-1) || (document.referrer.indexOf(‘.search.’)
http://id.lenta.ru/profile/108850/
By WebOsPublisher
"I am using the onmouseover effect and I can’t get the link to work. I need some help with the code.?" – Find the answer to this question and millions more on Yahoo! UK & Ireland Answers.
I am using the onmouseover effect and I can’t get the link to work. I need some help with the code.? – Yahoo! UK $ Ireland Answers
#yUnivHead
background-color: #fff;
background: -moz-linear-gradient(top,#d8efbf,#fff 50%);
background: -webkit-gradient(linear,left top,left bottom,from(#d8efbf),color-stop(0.5,#fff));
#yUnivHead .yucs-trending-anim .yucs-trending-anim-fade
background:#d8efbf;
Skip to search. New User? Register Sign InHelp Make Y! My Homepage Notifications Help Mail My Y! Yahoo! .yuhead-logo h2 width:261px; height:37px; background-image:url(l.yimg.com/rz/uh/logos/nor/emea/answers-en-GB.png); _background-image:url(l.yimg.com/rz/uh/logos/nor/emea/answers-en-GB-484852.gif); .yuhead-logo a width:261px; height:37px; .yuhead-logo div.yuhead-comarketing width:261px; Yahoo! UK & Ireland Answers Search Search Web
Home
Browse Categories
Arts $ Humanities
Beauty $ Style
Business $ Finance
Cars $ Transportation
Computers $ Internet
Consumer Electronics
Dining Out
Education $ Reference
Entertainment $ Music
Environment
Family $ Relationships
Food $ Drink
Games $ Recreation
Health
Home $ Garden
Local Businesses
News $ Events
Pets
Politics $ Government
Pregnancy $ Parenting
Science $ Mathematics
Social Science
Society $ Culture
Sports
Travel
Yahoo! Products
My Activity
Sorry, you need to be Signed in to see this.
Not a member? Join Here.
About
How Answers Works
Points & Levels
Community Guidelines
Leaderboard
Suggestion Board
Answers Blog (USA)
Ask
What would you like to ask?
Answer
Discover
What are you looking for
Advanced Search
Home >
All Categories >
Computers $ Internet >
Programming $ Design >
Resolved Question
Sam
Member since:
08 September 2011
Total points:
97 (Level 1)
Add Contact
Block
Resolved Question
Show me another »
I am using the onmouseover effect and I can’t get the link to work. I need some help with the code.?
I have created a webpage for my ICT AS coursework. I am using the onmouseover effect and I can’t get the link to work. I need some help with the code. Basically this is a product advertising Minecraft and the issue is before the on mouse over effect the link worked but now I have added it, I need to make sure that the over image is linked but I cant work out where to put the HREF. This is a whole page of 6 images all with on mouseover images and I just need to now where to pop it in?
Here’s the code:
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "w3.org/TR/xhtml1/DTD/xhtml1-…
<html xmlns="w3.org/1999/xhtml">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
<link rel="shortcut icon" href="multimedia/favicon.ico">
<title>The Minecraft Revolution</title>
</head>
<body background="multimedia/background.png" bgcolor="#333333">
<body class="MinecraftTitle">
<p><img src="multimedia/MinecraftLogo001(Optimis… width="650" height="142" /></p>
<form>
<input type="image" src="multimedia/buttons/minecraft_button… "a href="Intro.html" onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
<form id="form2" name="button submit" method="link" action="Sales_Pitch.html">
<input type="image" name="" src="multimedia/buttons/minecraft_button… onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
<form id="form3" name="button submit3" method="link" action="Sales_Figures.html">
<input type="image" name="" src="multimedia/buttons/minecraft_button… onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
<form id="form4" name="button submit4" method="link" action="In_Game_Footage.html">
<input type="image" name="" src="multimedia/buttons/minecraft_button… onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
<form id="form5" name="button submi5t" method="link" action="Reviews.html">
<input type="image" name="" src="multimedia/buttons/minecraft_button… onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
<form id="form6" name="button submit6" method="link" action="Developer_Page.html">
<input type="image" name="" src="multimedia/buttons/minecraft_button… onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
<br>
</form>
<p>В </p>
</html>
8 months ago
Report Abuse
by ianmccul…
Member since:
17 May 2006
Total points:
10,807 (Level 6)
Add Contact
Block
Best Answer – Chosen by Voters
<input type="image" src="multimedia/buttons/minecraft_button… "a href="Intro.html" onmouseover="this.src=’multimedia/button… onmouseout="this.src=’multimedia/buttons…
i think this is your problem but this is only a guess as learning from a book from the library myself.
the invert comma should not be before a href thanks
if not then google plus me at ianmccully i am sure i can get you someone to solve this thanks ian.
or you may need a < before the a href thanks
Edited 8 months ago
Report Abuse
100% 2 Votes
Action Bar:–
0 stars – mark this as Interesting!
Email
Comment (1)
Save
Add to My Yahoo!
Add to Del.icio.us
RSS
ianmccul…
Thanks for the best answer, appreciated. Report Abuse
* You must be logged into Answers to add comments. Sign in or Register.
Other Answers (0)
No other answers.
Discover Questions in Programming $ Design
How to ignore the last element of array in C (pointers)?
How to move a pointer in C?
Why is my WORD section all messed up?
Need help with this Java algorithm stuff.?
Ready to Participate? Get Started!
ADVERTISEMENT
Categories
All Categories
Computers $ Internet
Computer Networking
Hardware
Internet
Other – Computers
Programming $ Design
Security
Software
Who found this interesting?
Be the first person to mark this question as interesting!
Answers International
Argentina
Australia
Brazil
Canada
China
France
Germany
Hong Kong
India
Indonesia
Italy
Japan
Malaysia
Mexico
New Zealand
Philippines
Quebec
Singapore
South Korea
Spain
Taiwan
Thailand
United Kingdom
United States
Vietnam
en EspaГ±ol
Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer.
Help us improve Yahoo! Answers. Tell us what you think.
Copyright В© 2012 Yahoo! All Rights Reserved.
Copyright/IP Policy –
Privacy Policy –
About Our Ads –
Terms of Service –
Community Guidelines
– Safety Tips
COMSCORE._answersconf =
c1:2,
c2:7241469,
c3:”",
c4:”uk.answers.yahoo.com/question/index?qid=20120419115743AAsyhdI”,
c5:”2115317978″,
c6:”",
c15:”"
;
COMSCORE.beacon(COMSCORE._answersconf);