Archive for the 'Real Estate Market' Category
The Fastest-Growing States Include Surprises
Forbes magazine examined census population estimates from July 1, 2007, to July 1, 2008, to determine which states had the largest year-over-year increases.
States where jobs are the most plentiful are the places that are growing fastest.
Only two states lost population: Michigan and Rhode Island. Michigan was hurt by the auto industry; Rhode Island […]
Housing in 2009: Up as Well as Down
Overall housing news in 2009 could continue to be grim if – as predicted – a flood of Alt-A and option adjustable-rate mortgages reset and push homeowners with previously strong financial situations into foreclosure.
“We’re in the middle of the game here,” said Joseph Seneca, professor of economics at Rutgers University in New Jersey. “There’s significant […]
10 Real Estate Predictions for 2009
2009 is likely to be a year of continuing adjustment to a changing real estate marketplace. Prepare yourself and your business with these predictions from HGTV’s FrontDoor.com Web site.
Sellers will continue to face falling home values in the new year because they’ll be competing with banks and builders who are slashing prices to sell […]
Fed Expected to Cut Key Interest Rate Tuesday
The Federal Reserve begins a two-day meeting today where it is expected to cut it’s key interest rate, perhaps to an all-time low.
The Fed will likely announce Tuesday that it is cutting its key rate in half to just 0.50 percent. However, a few economists predict the Fed will go even further and cut […]
Investors Lured to Apartment Buildings
One of the leading drivers for the apartment market is job growth, which has been declining for the past nine months. An estimated 2.7 million jobs could be lost in the downturn, similar to the 2001 recession, reported Hessam Nadji, managing director of research services for Marcus & Millichap Real Estate Investment Services, in a […]
Ithaca, N.Y. Is Tops for Middle-Class Housing
While much of the housing market is struggling, mid-priced, middle-class housing in some cities is on the rise. Affordability has kept these communities strong, say analysts from Forbes magazine, who examined data from Zillow.com to identify these healthy markets.
Most of these markets never experienced a boom. That in conjunction with rising wages and employment has […]
Housing Prices Fall Below Replacement Costs
Housing consultancy Global Insight reports that nationwide, housing prices are now 3.8 percent undervalued, based on total market value. It says values fell at a faster pace in the third quarter after stabilizing earlier in the year.
According to Global Insight’s calculations, prices are now 6.5 percent below their 2007 peak. They fell at a 6.9 […]
Obama Victory: What It Means for Real Estate
The election is over and Senator Barack Obama will be our next President of the United States. Studies showed that the biggest concern for most Americans is the economy and they felt that Senator Obama was the candidate that lead us out of this crisis. So, how will this affect the real estate industry? I found a great […]
Why Real Estate is Bubble Proof
Several years ago, economists began using the term “bubble” to describe the incredible yearly increases in the price of an average home in many U.S. markets. Inevitably, when those increases tapered off and home prices glided back to more normal levels, they said the bubble had “burst.”
I firmly believe that the housing market (as well […]
Time Is Passing in the Real Estate Market
You must buy real estate now. It is quite unlikely that you will ever be offered such an opportunity again to have a piece of the action in the mainstream of America’s wealth. The time has come. As you are reading this, opportunities may be passing you by. Don’t wait until you are left behind. […]
