Sure, home sales will probably continue to slide in 2007. Most of us have resigned ourselves to some type of market correction in most areas of the country. But, may be it won’t be THAT bad. According to NAR forecasts for 2006, existing-home sales are expected to be 6.47 million. That is down from 8.6% [...]
Until quite recently, the boom in real estate had not only fueled home appreciation rates, but overall home equity. Equity that many homeowners tapped into with a zeal to fund home improvements, college educations and other purchases. However for many, the recent downturn in the market has led to that nice equity cushion being whittled [...]
Probably of no great surprise to many are the latest round of forecasts released by industry watchers. For example, MoodysEconomy.com is now projecting that the median sales price for an existing home will decline 3.6% in 2007. If that happens, it will be the first decline for an entire year in U.S. home prices since [...]
A disturbing study by the Consumer Federation of America found that women are paying higher rates than men when it comes to mortgages. That is regardless of how high their incomes or credit scores are. The report looked at 4.4 million mortgages selected randomly in 2005 and found that: Women who earned twice the median [...]
Last year and early in to 2006, the San Antonio market was fueled by reports such as those found in Fortune magazine which had predicted that San Antonio’s home price appreciation would grow 8.3% in 2006. Out-of-state investors flocked to San Antonio with dreams of new homes requiring little maintenance dancing in their heads. For [...]
A recent CNNMoney article explored the latest trends in upscale homebuilding and remodeling that many in the industry didn’t see coming. Mark Nash, author of Real Estate A-Z for Buying and Selling a Home, conducted a survey of real estate agents, brokers and industry executives and found that this is what Americans seem to want: [...]
Like other parts of the country, houses may be taking longer to sell in the Utica-Rome, NY area, and demand for new homes may also be down, but things are not all bad. According to area experts, median home prices in the area are expected to rise 5% annually in the next two years. The [...]
The National Association of Realtors announced that pending home sales in October fell again at a seasonally adjusted annual rate of 1.7% to 107.2 from September’s 109.1. That is also 13.2% below the level it was one year previously. However, the chief economist for the NAR, David Lereah cautions not read too much into the [...]
RealEstateJournal.com has identified several potential vacation-home deals in locales where prices rose at a rate well below the national average of 84.3% between the second quarter of 1996 and the second quarter of 2006, and have above-average employment outlooks according to data from Economy.com. Those winning locations are: * Bath/Beaufort County, N.C. * Blairsville, Ga. [...]
Prices start from $75.000 $ per apartment $148.000 per villa Location: Hurghada, Egypt directly on the beach over looking the Red Sea, which contains 68 properties (villas and apartments) with 7 swimming pools and a private beach. The villas All the villas have a direct sea view, the villa size is 270 m² on 2 [...]