Americans like things big, and I’m not just talking about our French Fries, Slushies, or Big Gulps. I’m talking about our homes. Now, recent research by the economics department of the National Association of Home Builder’s supports this opinion as well. Thirty years ago, homes were small and the average household size was larger. Today, [...]
Oliver Henderson of the Howard County Association of Realtors, released a report examining real estate market conditions. It also served to document the economic importance of the real estate industry. As election season nears, he wants officials to remember the contributions that the real estate industry is making. The report highlights that last year alone, [...]
IL Attorney General Lisa Madigan is taking steps to halt what she calls “a cancer that is eating away at our neighborhoods”. Today, she announced legislation to prevent two types of mortgage rescue fraud. Additionally, the AG’s office will be filing two lawsuits against Home Savers USA and Advantage Mortgage Consulting to help individual homeowners [...]
A survey conducted by the University of Central Florida of local Osceola County residents found that they believe the overall quality of life is good, but growth is “too much”. 77.1% of residents surveyed agreed or strongly agreed that the quality of life in the county is “good”. However, 66.1% said the current real estate [...]
If you thought that you have heard it all, think again. According to a article by Globeandmail.com, the S&P will roll out indexes that track home prices in 10 U.S. cities, and a composite of all the indexes. They will be the basis for housing price futures and options contracts that will launch on the [...]
The National Association of Realtors is reporting that existing home sales rose 5.2 percent in February, defying dire predictions of a market slowdown. Sales of existing homes rose to a 6.91 million unit annual rate in February, halting a string of monthly declines. The NAR prefers to think of February’s sales figures as an “aberration [...]
Communities, once thought to be poor real estate investment choices, are now rising to the top of the real estate buy list. Long-coveted areas, such as Pacific Heights in San Francisco, Buckhead in Atlanta or the Upper East Side in New York, are no longer the most desired and best performing places. In fact, neighborhoods [...]
The article Watching the Omens on Housing presents Business Week’s take on the housing market. A few of the article’s highlights include the belief that double-digit gains are a thing of the past, with growth in home prices expected to pull back to 5% in 2006. Secondly, prices will gain in the Midwest and the [...]
The National Association of Realtors believe that 25% of U.S. home sales in 2005 were made by speculators. However, one thing housing speculators don’t like are high housing prices. That’s why many have steered clear of the Southern California housing market, and many there are thankful since it would have meant even higher prices. Instead, [...]
Real estate sales in the Bay Area remain at their lowest levels in five years. Prices also continue to flatten. Research from DataQuick Information Systems indicates that new and resale houses and condo sales were down 16.8% from a year ago. This makes it the 11th straight month of year-to-year sales declines. There is no [...]