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“A positive in the commercial real estate sector may be a sign of better things to come in residential housing down the road, or that’s the theory. “As rents rise and the cost of home ownership declines, owning is becoming more attractive,” notes California real estate analyst John Burns.”
“The number:
“It was better times, it was the worst of times. It was the age of wisdom, after the age of foolishness. OK, so I altered a few of the classic words, but when you are dealing with the housing market, changing a few things is almost required.”
“It was better times, it was the worst of times. It was the age of wisdom, after the age of foolishness. OK, so I altered a few of the classic words, but when you are dealing with the housing market, changing a few things is almost required.”
“For the 22 business days ending Nov. 5 – DataQuick’s freshest homebuying stats — these sales trends appear in Irvine ZIPs … • Citywide sales totaled 208 – that’s -10% vs. a year ago. Countywide, sales were -13% vs. a year ago.”
“It would take nine months to sell all the homes listed for sale in Newport Beach at the current sales pace, according to Steven Thomas at Altera Real Estate. That made Newport Beach Orange County’s coldest housing market in late November. Portola Hills, on the other hand, was the county’s hottest, with all the listings there disappearing — in theory — in 45 days.” Click here here for full articles.
“In April, the Obama administration formally rolled out a new program, called Home Affordable Foreclosure Alternatives, that was designed to spur more short sales, where banks allow homeowners to sell their homes for less than the mortgage debt outstanding.”
“Decatur, Ill., the soybean capital of the world, has stayed placid through the housing boom and bust. Even during the recession, when unemployment increased, home sales were mostly unruffled.”
“NEW YORK — Home prices are falling faster in the nation’s largest cities, and a record number of foreclosures are expected to push prices down further through next year. The Standard & Poor’s/Case-Shiller 20-city home price index fell 0.6% in September from August. Eighteen of the cities recorded monthly price declines.”
“Fannie Mae and Freddie Mac are facing growing resistance as they attempt to push failed home loans off their books and onto the balance sheets of banks including Bank of America Corp. and JPMorgan Chase & Co. “ Click here for full article.
Get on The Real Estate Love Train with Uncle Tony! |
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