Real Estate News

Housing Outlook Negative

June 15, 2009 No Comments »

The housing outlook, which seemed to be on the up and up thanks to record low interest rates and a more promising homebuyer tax credit, took a step backwards in the latest home builder survey. “The outlook for home sales ... Read More »

U.S. Home Prices Slashed by $27.4 Billion

June 9, 2009 No Comments »

Nearly one in four homes currently listed for sale in the United States have had their listing price slashed, totaling a whopping $27.4 billion in reductions, according to Trulia. On average, listed homes have seen price reductions of 10.6 percent, ... Read More »

New Home Inventory Lowest Since 2001

June 1, 2009 No Comments »

Here’s a sliver of good news, though it needs to be taken with a big grain of salt, or perhaps some sawdust. New home inventory slipped to its lowest point since May 2001, according to government figures highlighted by the ... Read More »

Nearly a Quarter of Homeowners Have No Savings, Half Have Debt

May 20, 2009 No Comments »

Nearly one in four homeowners (24 percent) don’t have any savings to cover expenses such as their monthly mortgage payment should they lose their jobs, according to a survey conducted by Wells Fargo. At the same time, job stability worries ... Read More »

Shadow Inventory Could Weigh Down Home Prices

May 14, 2009 No Comments »

So-called shadow inventory, which is essentially the stock of homes that would come onto the market assuming things turn around, could keep home prices down a lot longer. Supply is already a concern, given the lack of buyers and the ... Read More »

First Time Homebuyers Accounted for Half of First Quarter Sales

May 13, 2009 No Comments »

First-time homebuyers accounted for half of all existing-home purchases during the first quarter, according to the National Association of Realtors. And those sales don’t reflect the impact of the homebuyer tax credit, which could boost sales by another 100,000 units ... Read More »

Home Prices Haven’t Fallen as Much as You Think

May 12, 2009 No Comments »

If you’ve been following the housing market over the past year, you’re probably thinking home prices are getting pretty cheap, attractive even. But before you jump in, there’s something worth noting; the median home price you see plummeting is skewed. ... Read More »

Where Luxury Homes Are Selling Fastest

April 29, 2009 No Comments »

Nowadays, homes are sitting on the market a lot longer than they have been in the past, mainly because it’s a buyers market. There’s simply too much supply and not enough demand, despite the record low interest rates and home ... Read More »

Most Affordable U.S. Cities to Rent

April 13, 2009 No Comments »

Now that the notion of purchasing a home is becoming less and less attractive, you may be considering renting as an alternative, at least until home prices fall to more affordable levels. At the same time, you may prefer to ... Read More »

Worst Housing Markets for 2009

January 8, 2009 No Comments »

Well it’s a new year, so I thought I’d take a look at some of the worst housing markets for 2009, based on data from the National Association of Realtors and Moody’s Economy.com. Los Angeles is expected to be the ... Read More »