David Lereah, the National Association of Realtors chief economist for the last 7 years and basically their spokesperson has ‘moved on’ to a new venture. Move, Inc. announced that he has joined the company as an executive vice president for Move, Inc. and will serve as chairman and partner with Allan Dalton, who will be [...]
Every year, Relocate-America.com compiles a list of the best places to live based on visitor nominations and then their own considerations such as education, crime, employment and housing statistics for the past year in order to rank the cities. Here are the top ten cities on “America’s Top 100 Places to Live for 2007″: 1. [...]
While most cities around the country experienced another downturn in thir real estate markets, there were a few cities that enjoyed an upswing. A report by the National Association of Realtors found that the Seattle and Portland, OR; Charlotte, NC; Atlanta,GA; Chicago, IL, and Dallas, TX markets showed increases. Furthermore, a report by the S&P [...]
The National Association of Realtors reported this week that existing home sales in March dropped 8.4%. Unfortunately, the drop in home sales will probably also translate into a drop in home prices. If that happens, it will mark the first time since the Great Depression that the median home price will drop. The median home [...]
Former Federal Reserve Chairman Alan Greenspan and Fed economist James Kennedy recently released a report detailing just how much equity American consumers have been withdrawing from their homes over the past five years. From 2000 to 2005, homeowners took out an average of $1 trillion in cash from home equity annually. According to the team’s [...]
The California Association of Realtors (CAR) is projecting a 7% drop in sales of existing, single-family homes in 2007. That would put homes sales ending at 443,900 for the year. In 2006, 477,400 home were sold which was a 23.6% drop from home sales in 2005 and 2004 hen sales trended at roughly 625,000 homes [...]
According to the Southern Arizona Housing Market Letter released by consultant John Strobeck, new-home prices fell in March, while resale home prices showed little increase from the same month in 2006. In March, the median price of a new home dropped to $241,213 from $253,235 recorded in March 2006. The median price of a home [...]
the Long Island and Queens luxury home market, which is defined as those homes priced from $750,000 to $12.5 million, saw a drop in home prices and were sitting on the market longer in the first quarter of 2007. The median sales price drop 5.3% to $900,000 from a year earlier and houses took 25% [...]
An increasing number of Baby Boomers are choosing to retire in Hawaii. As such, they have been having a significant impact on the market. Housing inventories have remained down for the 10th straight month, property taxes remain low and conforming loan limits have stayed high. All a result of the influence Baby Boomers are having [...]
For the vast majority of us, a $125M or a $135M home is way out of our price range, but somewhere out there there are a couple of sellers banking on buyers to come a callin’. Currently, the most expensive home on the market is a $135 million ranch in Aspen. Of course, if snow [...]