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Some Good Economic News for a Change

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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 […]

Relocation Levels at an All Time Low

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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 […]

Real Estate Foreclosures Rising Again

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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, […]

Responsible Homeowners Left in the Cold

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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 […]

Smaller Homes Are What Boomers Want

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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 […]

Real Estate Prices Up – Inventory Down

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The housing market, which has struggled with an oversupply of homes for years, faces a new problem now: a lack of attractive inventory. There were more than 2.19 million homes listed for sale at the end of September, down 20% from a year earlier, according to a new report from Realtor.com. That is the lowest […]

Homeowners and Renters Show Increased Interest in Homebuying

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Despite the recession and declines in home prices, Americans still view homeownership as being important to the economy and the American family, according to the “Housing 360 Survey” conducted among more than 3,005 homeowners and renters across the U.S. “We thought people would be soured after watching home values fall but instead we found the […]