Stocks and News
Home | Week in Review Process | Terms of Use | About UsContact Us
   Articles Go Fund Me All-Species List Hot Spots Go Fund Me
Week in Review   |  Bar Chat    |  Hot Spots    |   Dr. Bortrum    |   Wall St. History
Stock and News: Hot Spots
  Search Our Archives: 
 

 

Week in Review Process

Week in Review | financial news, news review, foreign affairs and economic commentary

Week in Review

The day begins at 5:00 a.m., as Brian Trumbore reads some 15 papers online, as well as hard copies of two or three other journals, to glean all the financial news as well as geopolitical items from around the world to begin to build the week in review. Throughout the day, it’s a non-stop news review, in essence, as the financial news piles up.

At 4:00 p.m., it’s time to review many of the same online sources following the market’s close, and then around 7:30 p.m., its back to some of the other global sources, plus over 20 business and political journals that arrive weekly and monthly for more financial news and foreign affairs, all part of the week in review. Then the next morning it starts all over again, seven days a week.

Week in review is the only column of its kind that truly supplies one with all the geopolitical and financial news that both the average investor and follower of the world scene needs to compete in our information age.  Online Investor magazine rated StocksandNews.com No. 1 for economic commentary for 2000-2002 and we’ve only gotten better since.

Updated every Saturday, check out week in review, available only at StocksandNews.com. Edited by Brian Trumbore.

 

      
Web Epoch NJ Web Design  |  (c) Copyright 2016 StocksandNews.com, LLC.

Wall Street History

01/19/2024

Housing Update

Time for my quarterly update of the housing situation in the United States, using the National Association of Realtors’ (NAR) database for existing home prices.

This time we look back at the second half of the year. The December average median home price was up 4.4% from December 2022 to $382,600.  The seasonally adjusted annualized rate of home sales slowed to 3.78 million, a 1.0% decrease from November, and down 6.2% from the year-ago level.  On an annual basis, existing home sales (4.09 million) dropped to the lowest level since 1995.

The following is the national median home price.

2023

July….$405,700
Aug….$404,100
Sept….$392,800
Oct…..$391,600
Nov….$387,700
Dec….$382,600 [preliminary]

2022

July….$399,200
Aug….$391,700
Sept….$383,500
Oct…..$378,800
Nov….$372,600
Dec….$366,500

2021

July….$359,500
Aug….$357,700
Sept….$351,200
Oct…..$352,700
Nov….$354,400
Dec….$358,800

2020

July….$305,500
Aug….$310,400
Sept….$311,400
Oct…..$313,100
Nov….$310,900
Dec….$309,200

2019

July....$280,400
Aug....$278,900
Sept....$271,500
Oct.....$271,000
Nov....$271,300
Dec....$274,500

2018

July....$269,300
Aug...$265,600
Sept...$256,900
Oct....$255,100
Nov...$257,300
Dec....$254,700

2017

July....$258,100
Aug...$253,100
Sept...$247,600
Oct.....$246,000
Nov....$247,200
Dec....$246,500

2016

July....$243,300
Aug....$239,900
Sept...$235,300
Oct....$234,100
Nov...$234,400
Dec....$233,300

2015

July....$231,800
Aug....$228,500
Sept....$221,700
Oct.....$219,100
Nov....$220,000
Dec....$223,200

2014

July....$221,600
Aug....$218,400
Sept...$209,100
Oct....$207,500
Nov...$207,200
Dec...$208,200

2013

July....$212,400
Aug....$209,700
Sept...$198,500
Oct....$197,500
Nov...$195,500
Dec....$197,700

2012

July....$187,800
Aug....$184,900
Sept...$178,300
Oct....$176,900
Nov...$179,400
Dec...$180,200

2011

July…$171,200
Aug…$171,200
Sept…$165,300
Oct….$160,800
Nov…$164,000
Dec…$162,200

2010

July…$182,100
Aug…$177,300
Sept…$171,400
Oct….$170,600
Nov…$170,200
Dec…$168,800

2009

July…$181,300
Aug…$177,200
Sept…$175,900
Oct….$172,000
Nov…$170,000
Dec…$170,500

Using the NAR’s data, the median average for a full year was as follows.

2004…$185,200
2005…$219,600
2006…$221,900*
2007…$219,000
2008…$198,100
2009…$172,500
2010…$172,900
2011…$166,100
2012....$176,800
2013....$197,100
2014....$208,300
2015....$222,400
2016....$233,800
2017....$247,200
2018....$259,300
2019....$271,900
2020…$296,700
2021…$350,700
2022…$386,400
2023…$389,800

*Existing home prices first peaked in July 2006 at $230,200, according to NAR. You can play around with the numbers but generally you’re talking there was then a ‘formal’ decline of 30%, peak to trough, nationally, after the summer of ’06, before the big rebound. Today we are up to $413,800 (June 2022).

Source: realtor.org

Wall Street History will return in a few weeks.

Brian Trumbore