Month: June 2007

Forbes.com released a list of the top ten markets for home buyers today. The list was based mainly on real estate supply and demand, with markets showing an oversupply and low sales rate topping the list. Using data from Moody’s Economy.com and the National Association of Realtors, Forbes compared in-balance market conditions to current market… Continue reading Top Ten Cities For Home Buyers

According to a housing index released Tuesday by Standard & Poor’s, home prices in the U.S. fell for a 17th straight month. During April, the S&P/Case-Shiller index that covers 10 U.S. cities fell 2.7 percent from year-ago levels, making it the steepest decline since 1991. Their related 20-city index showed a 2.1 percent drop in… Continue reading Home Prices Post Biggest Drop in 16 Years

For a third straight month, sales of existing homes fell in May, to the lowest level in four years while the median sales price declined for a record 10th consecutive month. In even more bad news, the inventory of unsold homes rose to the highest level in 15 years, revealing the continued oversupply of housing… Continue reading Home Sales Slowest in 4 Years

Realtytrac.com released the statistics of the top 500 zip codes throughout the United States with foreclosure listings. The list is ordered by the “total foreclosure listings” per zip code. It is important to note what part of the process most of the foreclosure listings are in, as many foreclosures in the “notice of default” stage… Continue reading Top 500 Foreclosure Zip Codes

According to RealtyTrac data, which we all know can be a bit deceiving, Business 2.0 put together a list of the top ten cities with the highest foreclosure rate. 1. Greeley, Colorado Portion of households in foreclosure: 0.59% 2. Detroit, Michigan Portion of households in foreclosure: 0.51% 3. Miami, Florida Portion of households in foreclosure:… Continue reading Top 10 Foreclosure Markets

The NAHB/Wells Fargo Housing Market index dipped two points to 28 in June, the lowest level since February of 1991 when it bottomed out at 27. The National Association of Home Builders cited a difficult lending environment along with higher interest rates as a source of the 16 year low. “It’s clear that the crisis… Continue reading Home Builder Index Hits 16-Year Low

A survey by Mercer Human Resource Consulting ranked 143 cities around the world, using over 200 criteria to compare the costs of housing, transportation and food, just to name a few. Moscow was ranked the world’s most expensive city for the second year in a row, due mainly to the appreciating Russian currency (the ruble)… Continue reading Moscow Ranked World’s Most Expensive City