The winner of the most affordable housing award goes to Indianapolis for the sixth consecutive time. That’s according to the the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Nationally, the index noted that housing affordability edged upward due in large part to a “noticeable decline in the average […]
U.S. Census Bureau statistics puts the number at an estimated 2.1 million for October, November and December. That’s the number of homes that were listed for sale throughout the U.S. One place that is experiencing a rather large glut of homes is the Northern San Joaquin Valley. A glut that […]
Five Northwest metropolitan areas are among the nation’s top 20 cities in housing appreciation according to a report by the National Association of Realtors. One of those areas doing well is the Portland-Vancouver area which recorded an 11.2% gain in housing prices from fourth quarter 2005, at $285,400. The region ranked 13th in the […]
The slowdown in the housing market is impacting several other industries. Many of them we are aware of such as mortgage and lending, real estate, construction, etc. However, there are some which we may sometimes fail to remember.
Housing and related industries account for about 23% of the economy, according to […]
For every home that sold in South Florida in 2006, 14 did not. The number of homes on the market doubled to almost 66,000, as sales dropped to their lowest level in ten years. Those figures are based on information provided by the Multiple Listing Service and recently reported in a MiamiHerald article.
While […]
Despite frequent reports of a housing busts, several metro areas appear to be bucking the trend as is reflected in their recent price gains. According to a BusinessWeek article, the National Association of Realtors has identified 71 metro area markets that saw price gains in the fourth quarter of 2006 from a year earlier. […]
The fallout from the rising defaults and delinquencies seen in the subprime mortgage market is having far reaching consequences. To date, over twenty 20 subprime lenders have closed, been sold, or filed for bankruptcy. It doesn’t stop there. Financial institutions such as HSBC Holdings PLC, Merrill Lynch & Co. […]
According to a recent New York Times article, New Yorkers are again on the hunt for co-ops, condominiums and town houses, sending prices higher. For January, the three largest real estate companies in the city have seen both prices and the number of signed contracts rise into the double-digit percentages compared to the same […]
According to home value data from Zillow.com released last week, homeowners are seeing a slight decline in home values over last year. Their quarterly findings available in a February 8th press release include the following:
Five highest-appreciating metropolitan areas (year-over-year):
-Lakeland-Winter Haven, FL (25.88%)
-Yuma, AZ (25.66%)
-Myrtle Beach, SC (21.24%)
-Flagstaff, AZ (19.02%)
-Ocala, FL (17.56%)
Five most depreciating metropolitan […]
Realty Studies recently released median sale price data for January, but cautioned against reading too much in to the numbers. While the numbers are down in a number of cities, this time of year is typically a historic “down time” in houses selling and does not necessarily provide an accurate reflection of what is […]