January 26, 2012
- Rise in Home Sales Signals Strengthening Market
The long-awaited housing recovery is beginning to blossom, according to industry experts taking a look at recent existing-home sales.
Paul Dales, chief economist at Capital Economics, says "it is clear that a housing recovery is now well underway."
Lawrence Yun, chief economist for the National Association of Realtors (NAR), concurs with Dales' assessment, saying "The pattern of [...]
January 25, 2012
- Rental Homes - U.S. Housing Fix
The REO (Real Estate Owned) to Rental Industry is about to explode with an onslought of reposessed homes turning into rental property. Here's the story from CNBC News…
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January 24, 2012
- Mood Improves on Home Prices
Consumer expectations for U.S. home prices perked up in December, matching a modest fourth-quarter improvement in the U.S. economy, according to a monthly survey from mortgage market firm Fannie Mae.
For its December reading, Fannie Mae said survey respondents now expect home prices to rise by 0.8% over the next year, up from the 0.2% gain [...]
January 20, 2012
- Home Prices Down in 2011, but Stability Forecast for 2012
While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital.
Should the valuation company's predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory.
In 2012, Clear Capital is forecasting U.S. [...]
January 18, 2012
- Owners Think Homes Worth More Now Than When They Bought Them
Slightly over half of all homeowners say their homes are worth more today than they were when they bought them, according to a new national survey conducted just before Christmas.
Most homeowners are confident they know what their home is worth, and a greater number than ever, some 29 percent, believe that they have lost value [...]
January 17, 2012
- What's Up With the Housing Market?
Home prices have slid more in the past 5 years than during the great depression, so what's up now for home prices going forward? Rich DeSalvo has these thoughts on a Fox News interview…
Questions or comments about this interview? Post your comment or question by clicking the "comment" link below…
January 13, 2012
- Home Values Continued Slide in 2011
Five consecutive years of declining home values have taken its toll on the country, with homeowners shouldering the brunt of these losses. In 2010, home values fell a collective $1.1 trillion according to Zillow, but in 2011 those losses have eased with Zillow estimating that home values fell by approximately $681 billion or 5.1 percent.
Zillow [...]
January 9, 2012
- Home Prices Drop for 2nd Straight Month
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy.
The Standard & Poor's/Case-Shiller index released recently showed prices dropped in October from September in 19 of the 20 cities tracked.
Prices in a majority of cities declined for the second straight month, reflecting the [...]
January 8, 2012
- Foreclosure Free Ride
Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight.
Among the tactics: Challenging the bank's actions, waiting to file paperwork right up until the deadline, requesting the lender dig up original paperwork or, in some extreme cases, declaring bankruptcy.
Nationwide, the [...]
January 5, 2012
- Strong Housing Predictions for 2012
What's in store for housing markets in 2012? Well, the good news is, we may finally be over the worst, according to the authors of a new Kiplinger article.
Following five long, often painful years of price declines, which saw median home prices drop by almost 40%, housing is finally showing signs of a rebound – [...]
December 29, 2011
- NAR Admits Publishing Bad Existing Sales Data
Real estate professionals and economists who paid close attention to the monthly existing-home sales data provided by the National Association of Realtors were given a sharp shock recently when it was revealed in the Chicago Tribune that the association had been consistently reporting bad figures each and every month since January 2007, when the housing [...]
December 23, 2011
- Home Values Stabilize
Home values in the U.S. declined slightly in October as the depreciation rate stabilized, but the market bottom likely will not hit until sometime next year after a drop of another 2 percent to 4 percent, according to the real estate research site Zillow.
According to Zillow's latest market report, home values fell 0.3 percent in [...]
December 12, 2011
- New Home Sales Up
According to the U.S. Census Bureau, new home sales rose 1.3 percent in October from September and are up 8.9 percent from October 2010, and although the rate fell short of economists' forecasts, improvement in the hardest hit sector is welcomed by new home builders in any form. The month ended with a 6.3 month [...]
December 6, 2011
- Housing Starts Expected To Increase in 2012
According to economists responding to the latest National Association of Business Economics survey, which managed to find some bright spots concerning next year's economic outlook, housing starts are expected to increase 10% in 2012.
Economists surveyed expect housing starts to reach 600,000 units in 2011, just slightly above the 2010 total.
The nation's gross domestic product is [...]
November 27, 2011
- Buyers Using the Web Have Higher Incomes
The 2011 National Association of Realtors® (NAR) Profile of Home Buyers and Sellers surveyed 5,708 home buyers and sellers and found that home buyers who use the web in their home search differ in other behaviors and demographics than buyers who do not use the web and the findings may surprise you.
It is no surprise [...]
November 18, 2011
- Real Estate Foreclosures Rising Again
The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.
Foreclosure filings were reported on 230,678 properties nationwide in October, a 7% increase from September, according to RealtyTrac, an online marketplace for foreclosed properties. Despite the increase, filings [...]
November 17, 2011
- Some Good Economic News for a Change
Most of the good news relates to the overall economy, but there are glimmers for housing too.
The Commerce Department recently reported that new home sales rose 5.7% in September to a 313,000-unit annual pace. This is up from 296,000 in August, and larger than the 300,000-unit number that many economists projected. Data through August [...]
November 14, 2011
- Relocation Levels at an All Time Low
Since the U.S. Census Bureau began keeping track of domestic relocation levels in 1947, America has not seen a level of relocation as low as it is now.
Northeasterners relocate the least, citing high relocation costs as the likely reason, while relocations are the highest in the west.
Despite low levels, the reasons migration is down is [...]
November 11, 2011
- Responsible Homeowners Left in the Cold
Another cruel irony of the housing bust? While hundreds of thousands of mortgage borrowers have been able to squat in their homes without making a single mortgage payment in months or even years, many responsible homeowners who have good credit and consistently meet their monthly obligations haven't been able to refinance in order to avoid [...]
November 10, 2011
- Smaller Homes Are What Boomers Want
Baby boomers looking to move during their retirement are searching for cheaper, smaller homes with easy access to medical care.
According to a recent poll carried out by The Associated Press in conjunction with LifeGoesStrong.com, 1000 adults born between the years 1946 and 1964 were questioned, and the survey showed that those who earned over $100,000 [...]
