The Gulf Shores housing market continues to show positive signs of improvement, along with other markets throughout the U.S. This, as reported by National Association of Home Builder’s chief economist, David Crowe, in the NAHB March Market Index report… Gulf Shores Housing Market According to NAR According to the National Association of Realtors (NAR), nationwide, […]
Mortgage Interest Deductions On The Chopping Block Again
President Obama has now presented his 2013 fiscal year budget and while many believe Congress will not support the proposed cuts and added spending, the National Association of Realtors (NAR) is focusing on the mortgage interest deduction (MID). NAR notes that “As in previous years, the budget would reduce the value of itemized deductions to […]
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 […]
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 […]
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 […]
Pending Home Sales Down – Foreclosures & Delinquences Drop
Pending home sales fell substantially in April with unusual weather and continued economic softness hindering a recovery in the housing market, according to the National Association of Realtors. The trade association, which has more than 1.2 million members, said its pending home sales index, which is based on contracts signed, decreased 11.6% to 81.9 for […]
What the Housing Market Is Signaling Now
Home prices in most major metropolitan areas are starting to stabilize. A report from the National Association of Realtors (NAR) showed that 78 markets in the U.S. experienced price gains in the fourth quarter of 2010 over the previous year. Existing-home sales were up as well, rising 15.4% to an annual rate of 4.8 million […]
Foreclosures Increase in Cities Nationwide in 2010
Driven by continued high levels of unemployment across many parts of the country, data from RealtyTrac shows foreclosure activity increased in many cities during last year, despite the fact that many lenders halted their foreclosure process for part of the year. According to the report, foreclosures increased in 149 of the 206 largest cities in […]
Real Estate News: Home Prices Decline
U.S. home prices dropped in September from a month earlier and the rate of decline showed signs of accelerating, according to the S&P Case-Shiller home-price indexes. Third-quarter prices were also down. Separately, U.S. consumers brightened their moods in November–a good omen for holiday shopping, according to a report released recently. The indexes, based on the […]
Pending Home Sales Drop 1.8% in September
The number of people who signed contracts to buy homes fell in September after two months of gains. The National Association of Realtors said recently that its index of sales agreements for previously occupied homes dropped 1.8% in September to a reading of 80.9. Contract signings fell in every region of the country except the […]