While many real estate markets across the country are feeling the pain of the current housing slump, a few are still doing quite well. Among those dancing the happy dance is Seattle. Recent National Association of Realtor (NAR) data showed that the median home sale price in Seattle was $380,200 during the first […]
Ex-NBA star Matt Geiger has put his home on the market. This luxury estate located in East Lake in Pinellas County can be yours for a mere $19.9M. So, what does one get for such a price tag? The 28,000 square foot home houses several lavish bars, a DJ station and dance […]
On Monday, the National Association of Realtors announced that sales of existing homes in May fell to their lowest point in almost four years. Sales fell 0.3% month-over-month to an annualized 5.99 million. These numbers signified the poorest performance since June 2003 and a 10.3% decline from the year before.
Housing inventories also continue […]
Released this week by the California Association of Realtors (CAR) were the housing numbers for California in the month of May. Home sales decreased 25 % in May in California compared with the same period a year ago, while the median price of an existing home increased 4.8%.
Closed escrow sales of existing, single-family […]
Last week, the U.S. government released data showing that the seasonally adjusted annual rate of housing starts for May dropped 2% from April. Compared to last November, starts are off nearly 6%. Looking at the data on an annual basis reveals that housing starts are almost one-quarter lower compared to a year earlier.
Alex Beuzelin, […]
A recent Economist.com article took a look at the housing market in 20 countries. It took a look at whether the current decline in the market that the U.S. is experiencing is also being seen in other countries housing markets. Here’s what they found:
As illustrated above, the U.S. and Japan were the […]
According to a report by DataQuick Information Systems, the number of new and previously owned homes sold in the Denver area decreased by 10.6% in the first quarter of 2007, compared with the first three months of 2006. Additionally, the median price of all homes dropped 1.3% to $235,000 from $238,000 in the […]
Forbes, with the help of data supplied by Moody’s, has projected when and how certain areas of the country will recover from the current housing slump. The data takes into account housing affordability, vacancy rates, the strength of the local economy and job market, investor share in 2005 and the share of subprime mortgages. […]
Anyone who has secured a mortgage to buy a home can tell you that the process can be frustrating and down-right confusing. It seems that each loan comes with its own mound of paperwork that covers every contingency you could possibly think of, but doesn’t seem to state anything in plain simple language […]
County officials in the Detroit Metro area have a problem. Unpaid property taxes are at an all time high leaving county coffers short and putting more residents at risk of losing their homes. In total, Wayne, Oakland and Macomb counties are trying to recoup some $415 million in unpaid property taxes.
A […]