Economic forecasters appear to be split on the outlook for residential real estate values. The news this week regarding new- and-used home sales in May seems to support the views of bears like Dean Baker, co-director of the Center for Economic and Policy Research. Baker projects that home prices will decline 12 percent in 2010. […]

I saw this article on Realtor.com and thought it was quite interesting. It’s a good thing that foreclosures are shrinking-hopefully this means that the housing market is improving and will only get better and better with time. Foreclosure Bargains Getting Harder to Find Home buyers hoping to snag a really good deal on a foreclosed home […]

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 […]

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 […]

The Housing Market seems to be bouncing back slowly accousing to this recent news from the Housing Sector. ·        October Pending Home Sales + 31.8% y/y and +3.7% vs Sept / Now 42% above the low set in Jan 09 / At highest level since 3/06.   ·        Price Declines, low mortgage rates, $8,000 buyer […]

Pending Home Sales

November 10, 2009 | 132 Comments

The housing market continues to steam forward. As reported by the National Association of Realtors®, the Pending Home Sales Index posted in September. It’s the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006. A Pending Home Sale is a home under […]