Boost in Home Construction & Sales Means Good News for Housing Market

December 23, 2011

in This Week in Real Estate

Housing Construction Soars in November Showing a glimmer of hope, home construction spiked in November, ringing in a celebratory mood in the industry. Housing starts reached the highest levels in 19 months, according to the Commerce Department, touching a seasonally adjusted annual rate of 685,000 units. On a month-to month basis, construction was up 9.3 [...]

Foreclosures, House Flipping, and the American Dream

December 16, 2011

in Home Buying Guide, Home Foreclosures, This Week in Real Estate | Tagged , , , , ,

Foreclosures Drop in November ‘Tis the season for cheer and care. Mortgage Goliaths Fannie Mae and Freddie Mac got into the spirit and issued an eviction moratorium, giving a break to homeowners missing their payments during the holiday season. There’s relief elsewhere, too. Foreclosure filings dropped 14 percent in November, compared to a year ago. [...]

New Signs of Life in the Housing Market

December 9, 2011

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Housing Market may Have a Better Year Ahead Would the new year ring in some much-needed cheer for the housing market? Probably, says CBSNews.com. There are some signs of a turnaround in the horizon, despite the challenges. So, what are some of the telling signs of a better future? CBS says the official unemployment rate [...]

New Home Sales Inch Upwards While Home Prices Drop

December 2, 2011

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Home Prices Plunge Again in September Dashing the hopes of consumers and experts, home prices dived in September, quashing any theory of the market leveling off. And they fell below analysts’ expectations. According to the S&P Case-Shiller 20-city home price index, prices slipped 3.6 percent in September, when compared to the same year-ago period. Bloomberg [...]

Will Fewer Babies Born Affect the Housing Market?

November 25, 2011

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Long Road to Recovery Despite encouraging signs of a recovering market, economists and industry experts predict that the the dark cloud hovering over the housing market has yet to move away. “Real recovery remains far from reality,” according to a Washington Post story. So, don’t be misled by improving numbers. “There has been some improvement, [...]

Housing Market Still Struggles – But is Good News on the Horizon?

November 18, 2011

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Builder Confidence Rises There’s a glimmer of good news from the home building industry. This week, the National Association of Home Builders said that builder sentiment for the new single family home segment grew to 20 in November. While that’s still below 50 – the benchmark for a healthy market, it’s a good sign because [...]

Prices Slide, Foreclosures Climb, Mortgages Drop – So What’s New?

November 11, 2011

in This Week in Real Estate

Home Prices Slid Down in September Some bad news again for sellers. According to CoreLogic’s September Home Price Index, home values dipped 1.1 percent compared to the previous month. On a year -over-year basis, prices were down 4.4 percent, according to the report. The numbers are astounding when compared to the glory days of the [...]

Obama’s Housing Scorecard and the Real Estate Recovery Process

November 4, 2011

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Housing Recovery Not Until Mid-2012 Looks like the dark cloud hovering over the real estate market will linger for a while. Fiserv, a financial analytics company, predicted that home values will drop another 3.6 percent  by June 2012, causing a triple dip. That would be a 35 percent dive from the market’s glorious stint in [...]

Real Estate Recovery: Will it Happen Soon?

October 28, 2011

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The end is not yet in sight. The housing market continues to be down and it may be awhile before it picks up steam again. According to the RPX monthly housing report by New York-based Radar Logic, composite prices in the 25 metropolitan areas in August fell to 0.8 percent, the largest dip recorded for [...]

Rentals, Home Sales, Foreign Investors and More Realty News

October 21, 2011

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Home Builders’ Sentiment Climbs There was a flicker of hope from the builders this week. The National Association of Home Builders’ index of builder sentiments climbed from 14 to 18 percent. That’s still mighty below 50 – the benchmark indicative of a positive outlook. But, any improvement is a good sign these days. Only once [...]