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 [...]

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 [...]

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 [...]

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 [...]

3 Great Reasons to Buy a Home Now

October 26, 2011

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One of the many benefits of writing for a real estate blog is that I get to hear about all of the recent news and updates in the real estate industry. Now, I know the industry is going through some of the toughest times in recent history, but not all of the news in real [...]

Latest Breaking News on Housing Market

September 30, 2011

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First up is some positive breaking news for the housing market. Shadow inventory of homes is declining, providing a dose of good news for the glum housing market. Shadow inventory, or homes on the verge of foreclosure, fell to 1.6 million units representing a five-months supply in July compared to 1.9 million units representing a [...]