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 [...]

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 [...]

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 [...]

Foreclosures, House Flipping, and the American Dream

December 16, 2011

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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 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 [...]

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 [...]