HOME PRICES PLUMMETING

The Austin American Statesman | 01 February 2003 | Shonda Novak

[glory]

lol--I was thinking the same thing since our home cost about 100K less and we are paying the same mortgage(a little more actually;-) My mortgage would very well be about 200.00 a month if I had put down what I think SamA put down on his;-)

[the gillman@blacklagoon.com]

Exactly!

My very own selfish reason to want to get this war on now.

A quick happy war and the warmth of springtime will get the markets going again.

Our local market is suffering from the unusually harsh winter too.

[AdamSelene235]

Real Estate is a local thing.

BWahahahahahahahahaha !!!

Right , a local thing. The GSE's have nothing to do with right?

[Torie]

Spanish architecture goes for a premium. This little cutie in Beverly Hills can be yours for $1,250,000.

[RightWhale]

In Fairbanks, Alaska it would be $120,000. Even that is kind of high.

[AdamSelene235]

Search - Finance Home - Yahoo! - Help

Sunday, February 16 2003 3:35pm ET - U.S. Markets Closed.

Welcome [Sign In]

To track stocks & more, Register

Premium: FREE trial of Streaming Real-Time Quotes, Charts, and Screener | Free: Pay bills - Transfer funds - Money Manager [ Register/Sign In ]

Charts

Customize Finance

Enter symbol(s)   Symbol Lookup

Chart: Basic - Moving Average - Technical Analysis - IntraDay - Detailed

FANNIE MAE (NYSE:FNM)

- Trade: Choose Brokerage

Range:

1d 5d 3m 6m 1y 2y 5y max

Type:

Bar | Line | Cdl

Scale:

Linear | Log

Size:

M | L

Compare:

FNM vs.     S&P    Nasdaq    Dow

Splits: 17-Oct-89 [3:1], 16-Jan-96 [4:1]

Last Trade
Feb 14 · 64.45

Change
+2.30 (+3.70%)

Prev Cls
62.15

Open
62.40

Volume
3,706,500

Day's Range
62.35 - 64.48

Bid
N/A

Ask
N/A

P/E
13.72

Mkt Cap
63.741B

Avg Vol
3,429,772

52-wk Range
58.85 - 84.10

Bid Size
N/A

Ask Size
N/A

P/S
N/A

Div/Shr
1.56

Div Date
Feb 25

1y Target Est
93.48

EPS (ttm)
4.53

EPS Est
7.11

PEG
0.70

Yield
2.51

Ex-Div
Jan 29

Historical Prices, Industry, Messages, News, Options, Profile, Reports, Research, more...

Refinance with less paperwork

Add to My Portfolio - Set Alert

Historical Quotes: daily | weekly | monthly

Quotes delayed 15 minutes for Nasdaq, 20 minutes for NYSE and Amex. For delay times on other exchanges see exchange table. Quote data provided by Reuters.
Don't Delay. Get a Free trial of streaming real-time exchange quotes, charts, and screener from NYSE, AMEX, and Nasdaq.

ADVERTISEMENT

Recent News

Customize News

New research reports for FNM

Fri	Feb	14	FNM	US lawmaker wants Fed to study bank GSE holdings - Reuters
Fri	Feb	14	FNM	Rep Baker Asks Greenspan To Study GSE Risk To US Banks - Dow Jones Business News
Fri	Feb	14	FNM	U.S. agency spreads narrow amid fear, uncertainty - Reuters
Fri	Feb	14	FNM	New Issue-Fannie Mae to sell $10 bln bills Feb. 19 - Reuters
Fri	Feb	14	FNM	Fannie Mae Redemption - Business Wire
Fri	Feb	14	FNM	Fannie Mae, Freddie Mac bill sale calendar - Reuters
Thu	Feb	13	FNM	US agencies lag Treasuries as war countdown looms - Reuters
Thu	Feb	13	FNM	[external] Currency market finally wakes up to Greenspan warnings - at CBS MarketWatch
Thu	Feb	13	FNM	[video] Yahoo! Keeps On Growing - at Forbes.com
Thu	Feb	13	FNM	[external] Yahoo! Keeps On Growing - at Forbes.com

All headlines for: FNM

---

Questions or Comments?

Copyright © 2003 Yahoo! Inc. All rights reserved. Terms of Service -
To learn more about Yahoo!'s use of personal information, please read the Privacy Policy.

Quote technology by TIBCO Software, Inc.
Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI).
Market Cap and Avg Vol provided by Market Guide.
Target Price Est, EPS Est & PEG provided by the Thomson Financial Network.
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo! nor any of its data or content providers (such as Reuters, CSI and exchanges) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the Yahoo! site, a user agrees not to redistribute the information found therein. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon.The trading services which users may access through the links on this page are services of the listed independent brokerage companies. In order to use these services, you need to have an existing account with such brokerage company or you will need to set up such an account with such brokerage company. Yahoo! provides customized links to selected brokerage companies for your convenience only. Yahoo! is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The brokerage company you select is solely responsible for its services to you, the user. Yahoo! shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of the services of the brokerage company.

[KarlInOhio]

Why are you inside posting on FR. You're supposed to be outside shovelling.

[babaloo999]

IOW, Austin used to be just a big college town that happened to be the state capital.
There was fairly affordable housing for college students, lower wage workers, etc.
Then it became Silicon Valley Central in the 80's, and by the time the 90's rolled
around housing prices were roughly as high as they would be
in Silicon Vall.
A "cookie cutter" 3-2-2 house that may go for 80K in Dallas would be roughly 150K in Austin. That's probably circa '97, but I'm obviously no expert--just an amateur historian.
That's still not as bad as Cali and the northeast US, but it's getting up there.

[junta]

To the financial industry that packages this BS as Asset Backed instruments it could be devastating. Since the GSEs have taken this not only nationwide but worldwide as well the old saw that real estate is local is now nearly defunct. In the old days real estate bubbles were locally isolated and they still caused enormous damage (think savings and loan debacle) now that the GSEs make the S&Ls seem like sober Quaker bankers.

[glory]

I'm telling you, it was getting out of reach for us. We were lucky to buy right after we were married(96) and that equity helped us to get the house we have now(similar size, better neighborhood--accross the country). I dare say if we had been just starting out now, I think we could have bought a home, but I doubt that I would have been able to stay home someday(like I do now) with the mortgage we would have had.
We've decided to stay in our current house as well until the kids are out of school(our oldest will just start Kinder this fall so we are talking the long haul here) because of the pricing. Buying a home that is adequate space wise for us is just outpacing our income so we are settled here. I think we were lucky to get in to this area when we did. Most homes here are way beyond our budget, but we were fortunate to find an older home in a more established neighborhood that needed some modernizing so we got a deal for this area. We are hoping to modernize it a bit(mostly cosmetic) and make two add ons to bring it to the space we think we'll need to make it comfortable as our family grows(in age and size;-)

[ErnBatavia]

The real estate market is the next great bubble to burst. A lot of folks who were depending on selling their houses in a few years to retire will be crying

gotta agree...We sold our primary residence last May (Los Angeles area), quit my job, and moved to our weekend place out here in the Coachella Valley. We simply could NOT pass up the red hot market this past year; we were going to wait until last fall, but I got goosey and we listed 6 months early. I have no regrets.

We basically "cashed out" of the economy, having had (for once in my life!) the foresight to have bought this second home 16 years ago, so we didn't have to put the proceeds of the L.A. home into just another overly-inflated house.

[Torie]

You can't afford a million plus dollar home in Beverly Hills? Well, here is another "Spanish" near downtown Los Angeles in a so-so neighborhood. Think how much its appearance could be improved with some landscaping. You have to put up with a one car garage though. It lists for $339,000.

[glory]

Good grief, you could buy that for about 175K in parts of central Arizona--and have more land to boot. Make that 200K and you'll have a pool area that's like a retreat. Good golly, that's outrageous!

[SoCal Pubbie]

This stupid buyer bought a 1350 sq ft house in Mission Viejo in 1987 for $145,000. It would now sell for about $400,000. I've seen prices fall before, and they probably will again. And just like before they will go even higher when they come back. In case you didn't know, they aren't making any more land out here and people keep flocking to the state, despite what the Kali haters here say.

[AdamSelene235]

Big Scary Monsters - Fannie Mae article
http://www.economist.com/finance/displayStory.cfm?Story_ID=702604

Systemic Risk: Fannie Mae and Freddie Mac and The Role of OFHEO
http://www.ofheo.gov/docs/reports/sysrisk.pdf

Fannie, Freddie Regulator Releases Study, Resigns

Fannie Mae Enron?

Mortgage Buyer Fannie Mae's Fourth-Quarter Profit Hurt by Massive Derivative Losses

Derivative Mkts Register Concern Over JPM And Fannie Mae

THE MOUNTING CASE FOR PRIVATIZING FANNIE MAE AND FREDDIE MAC

'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End

[meatloaf]

If the real estate prices don't undergo a correction soon you can bet they will as all the baby-boomers retire and head elsewhere. The point is to figure out where elsewhere is going to be.

I won't tell you guys sitting in mega-buck houses about the forty acres I bought for $5,000. Even if a bunch of terrorists got lost they wouldn't end up here.

[the gillman@blacklagoon.com]

I can't tell much from the pic, but there's houses in my neighborhood that would have sold for that last fall.

I have no idea why anyone would pay that much but I hope to find someone nearly that dumb for myself.

[glory]

You are cracking me up. These look like some of the homes they show on that Househunters. I knew they were pricey so it cracks me up everytime they talk about their "budget". I think, damn, that budget(actually less than that) would buy you this fortress(sorry don't know how to post pics) close to me(notice it includes 20 acres):

http://www.realtor.com/FindHome/HomeListing.asp?pgnum=1&frm=byzip&st=&typ=1&typ=2&typ=3&typ=4&typ=5&typ=6&pgsz=5&view=2&mnbed=0&mnbath=0&mnprice=700000&mxprice=1250000&js=off&gate=&poe=realtor&fid=so&mnsqft=&exft=&mls=xmls&zp=43147&zp=43105&sid=E91B9D541F5D48F9BF584BB3046FDAA4&snum=4&lnksrc=RSR_PROPPHOT

[RoughDobermann]

Good for you!! I hope to be in that position within a few!!

[glory]

Oh my gosh--I saw hovels like that sell for about 50K in Phoenix, probably the same neighborhood quality--geez louise!