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More Good News for Housing Market, but Foreclosures Loom on Horizon
Will Spring bring a new lease of life for the housing market? Home builders seem to think so. They are hopeful home sales will pick up with the warmer weather, ushering in good news for the market and the economy. For the fifth straight month, builder sentiment in February climbed. This time it rose to 29, according to the National Association of Home Builders/Wells Fargo.
Is Real Estate Recovery Right Around the Corner?
A new index by the National Association of Home Builders show there’s optimism in the market for single family homes targeting the 55+ consumer. The measure takes into account builder sentiment based on current sales, prospective traffic and anticipated sales for six months.
Strict Lending Standards & Foreclosures Taking Their Toll
Looks like the market for new homes is on the mend. Orders for new homes increased in the quarter ended December, bringing a much needed cheer to the home building industry.The news has made the chief executives for some of the nation’s biggest home building companies cautiously optimistic about a market upswing in 2012, according to Reuters.
Weighing American Home Prices and the Top 5 Housing Markets
Looks like Santa wasn’t very generous toward the housing market. Sales agreement on existing homes took a sharper hit than expected in December. This, after those numbers touched a 19 month high in the previous month. According to the National Association of Realtor’s index, pending home sales fell 3.5 percent to 96.6 percent in December