Year-end data from CoreLogic shows home prices fell by 4.7 percent over 2011. It marks the fifth consecutive year the company has recorded an annual decline in residential property values. CoreLogic performed a separate calculation, which illustrates just how big an impact distressed sales are having on home prices. The company excluded all short sale […]
Debate on Housing Market Would Be Welcomed
Despite an improving economic picture, the housing market remains a drag on the U.S. economy. The Commerce Department says new home sales fell last month, even as median home prices continued to drop. Debate on the housing market amongst the GOP candidates for President would be welcomed by the National Association of Realtors… Questions or […]
Real Estate News – February 2012
In this Issue:* Home Inspections: Deal Breakers or Makers? Could Your Shaky Personal Finances Get You Fired? Home Prices Fall More Than Expected (Your comments are welcome at the bottom of our newsletter) Home Inspections: Deal Breakers or Makers? A home inspection is simply a visual examination of a house’s overall condition. The home inspection […]
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% […]
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…
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 […]
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, […]
Buy a House Now! Right Now!
If you are anywhere near the thought of buying a house, you should do it right now. Today. Rates are crazy low, home prices are crazy low, and supply far exceeds demand. There is no better time. And we’re not the only one saying this. Remember John R. Talbott? He wrote “The Coming Crash in […]
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 […]
Real Estate Prices Up – Inventory Down
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 […]
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