Investors Indulge in Bulk Buying as Home Prices Drop Further

March 2, 2012

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Home Prices Plummet Just when everyone thought that the worst was over, some dreary news. Home prices hit their lowest level in December since the advent of the housing crisis, according to the Standard & Poor’s/Case Shiller Index of 20 American cities. Prices fell 1.1 percent when compared to November, and 4 percent when compared [...]

Investors and Rentals Continue to Rule the Housing Market

February 24, 2012

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Looking to Invest? Consider the South If you’re thinking about investing in the housing market, your destination should be Atlanta, Phoenix or Miami. And not just because of the nicer weather. That’s where the most attractive assets are, says Marc Faber, editor of Gloom Boom & Doom report. Faber told CNBC that the Southern markets [...]

More Good News for Housing Market, but Foreclosures Loom on Horizon

February 17, 2012

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Home Builders Continue to be Optimistic 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 [...]

Is Real Estate Recovery Right Around the Corner?

February 10, 2012

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55+ Consumers Boosting Builder Confidence 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. Builder confidence in the segment increased four [...]

Strict Lending Standards & Foreclosures Taking Their Toll

February 3, 2012

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New Home Orders Rise 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 [...]

Weighing American Home Prices and the Top 5 Housing Markets

January 27, 2012

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Contracts on Pending Homes Declined in December 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 [...]

Housing Starts Drop, but Home Builders are Optimistic

January 20, 2012

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Housing Starts Drop in December Some chilling news for the housing market. In December, builders broke ground on fewer homes than what analysts had expected, dampening enthusiasm about a quick market turnaround. Housing starts fell 4.1 percent to a 657,000 annual rate, according to the Commerce Department.  Analysts polled by Bloomberg were expecting an annual [...]

Foreclosures Have Dropped, but Housing Market Remains Frail

January 13, 2012

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Foreclosures Touch Lowest Level According to a new report, foreclosures plummeted 34 percent in 2011 and reached the lowest mark since the recession began. Though that’s good news, the numbers are still daunting. RealtyTrac Inc., said about 1.9 million homes began their journey on the foreclosure process last year. That number could also be misleading [...]

5 Cities Buck Real Estate Trends While Housing Market Still Struggles

January 6, 2012

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The Debate Over Fannie and Freddie Does the answer to falling home prices and rising foreclosures lie in empowering Fannie Mae and Freddie Mac? That’s what the Federal Reserve thinks. The Fed told Congress this week that part of the remedy for the long ailing housing market could be in allowing the mortgage Goliaths to [...]

End of 2011 Brings Rise in Home Sales and Continued Low Mortgage Rates

December 30, 2011

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Home Sales Rise What a happy way to bid 2011 goodbye. According to the National Association of Realtors®, the number of contracts signed for future purchase of existing homes rose 7.3 percent. That’s the highest gain in 19 months. Plummeting prices and low lending costs accelerated the numbers, which economists were expecting to rise by [...]