Feb

23

Slow Recovery May be Leading to Serious Housing Shortages

February 23, 2010 | 1 Comment

Slow Recovery May Be Leading to Serious Housing Shortages

Even as foreclosures continue to flood some of the worst-hit housing markets in the country, economists are beginning to sound the warning that today’s extremely low levels of new residential production could lead to significant housing shortages, especially among market-rate rental apartments, as household formation rates return [...]

Jan

5

What’s ahead for home prices?

January 5, 2010 | 1 Comment

The housing market seemed to catch its breath after struggling to recover from the most severe downturn since the Great Depression in the 2nd half of 2009. The first-time homebuyers tax credit and low mortgage rates lured buyers who’d been dithering and helped move the glut of foreclosures that has been dragging down home values. Sales [...]

Jan

4

Home Sales Drive the Recovery

January 4, 2010 | Leave a Comment

It’s been a long time coming, but thanks to the improving housing market the economy seems to be pulling out of the recession. Existing home-sales rose 7.2 percent from June to July to post a seasonally adjusted annual rate of 5.24 million units. This was the highest monthly increase in the last 10 years. Resales [...]

Nov

30

Home Prices up slightly in September

November 30, 2009 | Leave a Comment

AP – In this Oct. 15, 2009 photo, a sign for a newly-constructed home advertises a financing rate in Chagrin …

By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – Tue Nov 24, 2:09 pm ET

WASHINGTON – The summer’s trend of rising home prices faded at the end of the traditional home shopping season, two reports [...]

Oct

27

Is the Recession Over?

October 27, 2009 | Leave a Comment

 
 
According to the officials at Columbia University, the recession ended September 2009. It will have lasted for 21 months, making it the longest recession in modern history. Because the recession coincided with a  financial crisis and a real estate deflation, it felt like the worst thing since the Great Depression. It’s likely that the recovery [...]