Winans International: Index Posts New Price Low
Winans International: Index Posts New Price Low
Winans International: Index Posts New Price Low
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March 28, 2011 (Chris Moore)
mortgage-newprice-image
The Winans International Real Estate Index (WIREI)™ reports that new home prices have declined 24% from their high in 2007 to a new low of $224,050, the worse price decline since the Depression. This eclipses the indices previous record low in October, 2010, of $229,300.

The all time high for the Index was in March of 2007 when the index reported new home prices averaged $296,000, a 110 year peak.

“This marks the worst price decline in U.S. new home prices since the 33% decline from December 1939 to December 1945. Clearly, residential real estate prices nationwide continue to be weak, and I doubt there will be sustained U.S. economic recovery without a rebound in housing values,” said Ken Winans, President of Winans International Investment Management & Research.

Winans had stated at the end of January, “Even with low mortgage rates, a nationwide recovery in housing will probably not happen in 2011. Past real estate bear markets ended when new housing inventory was below 5 months, and the median length of time to sell a new house declined to 4 months. It could easily take another year to dry up excess inventory and for mortgage credit to ease.”

The Winans International Real Estate Index (WIREI)™ is the only index that measures U.S. home prices from 1830 to present and posts new housing data without a 2-month lag found with other popular real estate indexes.

More information on the Winans International Real Estate Index can be found at www.winansintl.com. WIREI charts and data can be purchased from www.globalfinancialdata.com and www.srcstockcharts.com

Tags: WIREI, new home prices, worse price decline, Depression, economic recovery, mortgage rates, bear market, housing inventory

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Mortgage
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Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
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See today's mortgage rates. Shop, compare and save.

March 28, 2011 (Chris Moore)
mortgage-newprice-image
The Winans International Real Estate Index (WIREI)™ reports that new home prices have declined 24% from their high in 2007 to a new low of $224,050, the worse price decline since the Depression. This eclipses the indices previous record low in October, 2010, of $229,300.

The all time high for the Index was in March of 2007 when the index reported new home prices averaged $296,000, a 110 year peak.

“This marks the worst price decline in U.S. new home prices since the 33% decline from December 1939 to December 1945. Clearly, residential real estate prices nationwide continue to be weak, and I doubt there will be sustained U.S. economic recovery without a rebound in housing values,” said Ken Winans, President of Winans International Investment Management & Research.

Winans had stated at the end of January, “Even with low mortgage rates, a nationwide recovery in housing will probably not happen in 2011. Past real estate bear markets ended when new housing inventory was below 5 months, and the median length of time to sell a new house declined to 4 months. It could easily take another year to dry up excess inventory and for mortgage credit to ease.”

The Winans International Real Estate Index (WIREI)™ is the only index that measures U.S. home prices from 1830 to present and posts new housing data without a 2-month lag found with other popular real estate indexes.

More information on the Winans International Real Estate Index can be found at www.winansintl.com. WIREI charts and data can be purchased from www.globalfinancialdata.com and www.srcstockcharts.com

Tags: WIREI, new home prices, worse price decline, Depression, economic recovery, mortgage rates, bear market, housing inventory

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

March 28, 2011 (Chris Moore)
mortgage-newprice-image
The Winans International Real Estate Index (WIREI)™ reports that new home prices have declined 24% from their high in 2007 to a new low of $224,050, the worse price decline since the Depression. This eclipses the indices previous record low in October, 2010, of $229,300.

The all time high for the Index was in March of 2007 when the index reported new home prices averaged $296,000, a 110 year peak.

“This marks the worst price decline in U.S. new home prices since the 33% decline from December 1939 to December 1945. Clearly, residential real estate prices nationwide continue to be weak, and I doubt there will be sustained U.S. economic recovery without a rebound in housing values,” said Ken Winans, President of Winans International Investment Management & Research.

Winans had stated at the end of January, “Even with low mortgage rates, a nationwide recovery in housing will probably not happen in 2011. Past real estate bear markets ended when new housing inventory was below 5 months, and the median length of time to sell a new house declined to 4 months. It could easily take another year to dry up excess inventory and for mortgage credit to ease.”

The Winans International Real Estate Index (WIREI)™ is the only index that measures U.S. home prices from 1830 to present and posts new housing data without a 2-month lag found with other popular real estate indexes.

More information on the Winans International Real Estate Index can be found at www.winansintl.com. WIREI charts and data can be purchased from www.globalfinancialdata.com and www.srcstockcharts.com

Tags: WIREI, new home prices, worse price decline, Depression, economic recovery, mortgage rates, bear market, housing inventory

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.