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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.

 

      
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Wall Street History

07/25/2022

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 go ‘round we look at the second quarter of the year. Spring is when activity picks up, as should prices, and the latter rose 13.4% in June vs. a year ago, making it 124 straight months of year-over-year price gains.  But the market has hit a bit of a wall on the sales side with rising mortgage rates and affordability issues, so sales fell 14.2% year-on-year to 5.12 million (annualized), according to the NAR. 

The following is the national median home price.

2022

Apr. …$395,500
May …$408,400
June …$416,000 (preliminary…all-time high)

2021

Apr. …$340,600
May …$350,400
June …$366,900

2020

Apr. …$286,700
May …$283,600
June …$294,400

2019

Apr. ...$266,900
May ...$278,200
June ...$285,400

2018

Apr. ...$257,900
May ...$265,100
June ...$273,800

2017

Apr. ...$245,000
May ...$252,500
June ...$263,300

2016

Apr. ...$230,900
May ...$238,900
June ...$247,600

2015

Apr. ...$218,700
May ...$228,900
June ...$236,300

2014

Apr. ...$201,500
May ...$212,000
June ...$222,000

2013

Apr. ...$191,800
May ...$203,100
June ...$214,000

2012

Apr. …$173,700
May …$180,300
June …$188,800

2011

Apr. …$161,100
May …$169,300
June …$175,600

2010

Apr. …$172,300
May …$174,600
June …$182,900

2009

Apr. …$166,500
May …$174,800
June …$181,800

Using the NAR’s data, the median average for a full year is 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

*Existing home prices first peaked in July 2006 at $230,200… according to the NAR. You can play around with the numbers but generally you’re talking a ‘formal’ decline of 30%, peak to trough, nationally, after the summer of ‘06, before the big rebound.  Today, we are up to $416,600.

Source: realtor.org

Wall Street History will return in a few weeks.

Brian Trumbore