Real estate Q&A: “Are foreclosures listed on MLS?” Foreclosures are plentiful at the moment, and though interest has grown for such transactions, not everyone is looking to scoop one up. Though they could turn out to be bargain, they’re more often riddled with delays and headache. The good news is foreclosures are listed on the… Continue reading Are Foreclosures Listed on the MLS?
More real estate Q&A: “Are home prices still falling?” Lately, a lot of Americans have been wondering if the home price carnage is going to continue throughout 2009, or finally turn around now that’s there been an uptick in home sales. While there has been a rise in both existing and new home sales over… Continue reading Are Home Prices Still Falling?
A friend of mine recently asked, “Is real estate still a good investment?” I paused for a moment, and then we had a long discussion about it. On the surface, without thinking too deeply, real estate is always a good investment. Yes, that’s what the interested parties, like real estate agents and mortgage bankers, always… Continue reading Is Real Estate Still a Good Investment?
Everyone seems to be interested in real estate, mainly because you can make a lot of money without too much education. In other words, you can make the same money doctors and lawyers make without going to school for a decade. But “do real estate agents make good money?” Some would argue yes and some… Continue reading Do Real Estate Agents Make Good Money?
You know it’s bad news when the home builders are pessimistic… Sales of newly built, single-family homes declined less a percent to a seasonally adjusted 342,000 units last month, but were off more than 30 percent from a year ago, according to the Commerce Department. That’s obviously not good news, but even worse given the… Continue reading New Home Sales Slip Lower in May
Having a super expensive home is generally viewed as a good thing, but the priciest homes in the nation may also take the longest time to recover. A pair of JPMorgan Chase analysts told Bloomberg they believe homes priced over $1 million won’t find a bottom until 2012, largely because the supply of such homes… Continue reading More Expensive Homes May Not Bottom Until 2012
New York metro area home prices are expected to fall another 40.6 percent from the first quarter of 2009, according to Deutsche Bank. It’s actually an improvement from an earlier prediction, when home prices were slated to fall 47.4 percent, but it’s certainly not good news for New York residents, at least those that currently… Continue reading New York Home Prices Predicted to Fall Another 40 Percent
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 has improved somewhat in recent months, due largely to implementation of the first-time home buyer… Continue reading Housing Outlook Negative
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, though certain metropolitan areas have experienced much larger price cuts. Detroit homeowners have slashed prices… Continue reading U.S. Home Prices Slashed by $27.4 Billion
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 National Association of Homebuilders. The inventory of new houses for sale declined 4.2 percent to… Continue reading New Home Inventory Lowest Since 2001