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 […]
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 […]
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 […]
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, […]
How to Avoid Craigslist Real Estate Scams
There is a new scam using Craigslist targeting renters offering amazing deals, but after they collect your deposit, they disappear. Have you been scammed on Craigslist, or know of someone who has? We’d love to hear about it. Just use the comment link below to tell us your story.
Housing Numbers Show a Hint of Promise — But Is It Real?
In a surprising twist, some of the best housing numbers in eight months came out recently. We checked with Editor in Chief of AOL Real Estate Laura Goldstein. She cautioned against getting too excited, too quickly. Underlying the numbers might be a seasonal uptick and stalled foreclosures, which tend to suppress prices. We’ll continue to […]
Foreclosures Slow, But Huge Backlog Remains
Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago. Questions or comments about this video? Use the comment link below to contact us with any question you may have.
U.S. Home Equity at Lowest Level in Generations
Home values are way down since the housing market hit its peak in 2006. The S&P/Case-Shiller Price Index, which is a measure of the home values in 20 metropolitan statistical areas is down by nearly a third since the market peaked. Although home prices were briefly buoyed by the 2009 and 2010 home buyer tax […]
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 […]