At least for the moment, Huntsville, AL appears to have side-stepped the lagging home sales reported by many other parts of the country. In fact at year-end, a report by the Alabama Real Estate Research and Education Center at the University of Alabama found that 10,788 homes had sold. That is nearly […]
In July 2006, the median home price in Santa Cruz CA was $775,000. In January 2006, it had dropped to $702,250. While many analysts do not believe there will a drastic drop in median home prices, many potential buyers remain optimistic that prices will drop to more reasonable levels allowing them to enter […]
Across the country, housing prices are running the spectrum from reasonable to outrageous. Nothing illustrates this point more than the National Association of Realtor’s report on third-quarter 2006 median existing-home prices. The report found that:
Regionally: median prices in the Midwest run $170,500; in the South, $187,300; in the Northeast, $276,000, and in […]
The non profit organization, The Center for Responsible Lending, released a study showing that 2.2 million subprime housing loans (15%) that were issued between 1998 and tody, will end in foreclosure. Today, subprime loans make up 62% of total loans. That’s a big change from 1998 when it was only 24% […]
Toll Brothers released their preliminary results for its revenues, backlog, and contracts for the first quarter of 2007. All three were down, but the company remained optimistic regarding the market because it appeared as if the pace of cancellations were starting to abate. They believe this was due in large part […]
Last week, the U.S. Census Bureau released new numbers pertaining to vacant home for sale. Unfortunately, numbers suggest that the rates have climbed to their highest level since the Census Bureau began tracking them four decades ago. In the final three months of 2006, there were about 2.1 million vacant homes […]
Even though homes sales were down in 2006, it was still a good year for sales of existing single-family homes in the state of New York. In fact, it marked the third time that the annual median has surpassed the $200,000 mark since the New York State Association of Realtors began tracking the […]
A recent blog by Clay Kime on Seeking Alpha not only took issue with the idea that there was a housing bubble, but with Wall Street’s continued obsession with the idea that “the sky is falling” — or in this case, the bottom is falling out of the housing market.
In preparing for the article, Kime […]
The RealEstateJournal has put together a compilation of what’s new in real-estate markets across the U.S. garnered from other websites. Here are a few of their findings:
California and the Northeast are the most most at risk when it comes to price declines.
Miami has the biggest gap between its most expensive housing and its […]
A Metrostudy report showed that construction began on 16,766 new homes in the Triangle in 2006, compared to the 16,735 in 2005. Last year signaled the second year in a row that new home starts totaled more than 16,000. Furthermore, the report found that home closings reached 16,169 in 2006, up […]