More Good News for Housing Market, but Foreclosures Loom on Horizon
February 17, 2012
in This Week in Real Estate Tagged foreclosure, home builders, home prices, home sales, housing market, housing starts, mortgage rates, real estate marketHome 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
in Home Foreclosures, Mortgage Interest Rates, This Week in Real Estate Tagged foreclosure, home building, home sales, housing market, lending, mortgage rates, new home construction, real estate market, real estate newsNew 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
in Mortgage Interest Rates, This Week in Real Estate Tagged home prices, home sales, los angeles, mortgage ratesHome 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
in This Week in Real Estate Tagged florida, home values, housing market, mortgage rates, real estate market, real estate news, recoveryHousing 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 […]
Latest Breaking News on Housing Market
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 […]