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 […]

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 […]

When Will Home Prices and the Real Estate Market Rebound?

October 7, 2011

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Consumers Want to Buy, but Waiting for the Right Time A survey released this week by Hanley Wood shows that recovery is still evading the U.S. housing market. Consumers are in no hurry to buy a home even though they believe in homeownership as well as the significance of a healthy housing market in aiding […]

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 […]

Existing Home Sales Rise While New Home Construction Drops

September 23, 2011

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Some more grim news. Housing starts dived 5 percent in August, worse than what was expected by economists. On a seasonally adjusted rate, new home construction fell 571,000, according to the U.S. Census Bureau. That’s 5.8 percent down from the same period last year. The numbers suggest the industry is still comatose and has yet […]

Struggling Economy Drives Low Mortgage Loan Interest Rates

September 9, 2011

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Despite the pall and gloom surrounding the nation’s real estate market, there are pockets across the country showing some recovery signs. A new economic index released by the National Association of Home Builders measuring improvement in areas such as housing permits, employment and housing prices for at least six months found a string of cities […]