Housing News
Nov 15th, 2008 |
By Gregory Arzumanov |
Category: Housing News
By Gregory Arzumanov
Nov. 14, 2008 - Sometimes Tim Wells felt like the only man left on his street.
Thousands of soldiers were deployed out of Fort Campbell, Ky., just a few miles away, and homes in Wells’ subdivision were sitting empty. But a few months later the soldiers began to return and, one by [...]
Tags: home prices
Posted in Housing News |
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Nov 11th, 2008 |
By RT Staff |
Category: South Region
Home sales and prices in the Baltimore area fell in October, and experts said rising joblessness and tighter credit markets could further dampen sales in the months ahead.
The statistics released yesterday dashed hopes that a recovery had begun in Baltimore’s housing market, experts said.
Sales of previously owned homes in metropolitan Baltimore decreased nearly 15 percent [...]
Tags: home price, home sales, MD, real estate market
Posted in South Region |
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Nov 10th, 2008 |
By RT Staff |
Category: Housing News
If you’re a homeowner seeing property values plummet, look to the commercial real estate market for solace. It might tell you which areas will recover fastest - and which will likely remain weak.
The Urban Land Institute recently asked 700 real estate professionals to name the best (and worst) places to invest in commercial real estate [...]
Tags: housing market, Los Angeles, New York City, real estate market, San Francisco, Seattle, Washington DC
Posted in Housing News |
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Nov 10th, 2008 |
By RT Staff |
Category: Midwest Region
The first snowy day in West Michigan means several things, including the home buying season is coming to a close.
Last month the Grand Rapids Association of Realtors released its latest numbers.
They reflect that banks are taking the worst hit.
The association is reporting 63% of all homes on the market are either short-sale, or in foreclosure.
The [...]
Tags: foreclosure crisis, foreclosures, Michigan, Short sales
Posted in Midwest Region |
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Nov 10th, 2008 |
By RT Staff |
Category: Northeast Region
Hope is quietly spreading across the lifeless Staten Island real estate market following the Obama victory that the new president will take immediate action to help homeowners.
Trudy Scafiddi, who is trying hard to save her Huguenot home, symbolizes the kind of troubled constituent President-elect Barack Obama will face when he takes office in January.
She and [...]
Tags: Barack Obama, elections, home sales, housing market, New York City, real estate prices
Posted in Northeast Region |
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Nov 8th, 2008 |
By Gregory Arzumanov |
Category: South Region
ORLANDO, Fla. – Nov. 7, 2008 – Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors® (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from [...]
Tags: New-home sales, pending home sales
Posted in South Region |
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Nov 8th, 2008 |
By RT Staff |
Category: West Region
There was no denying the Seattle-area’s real estate funk at Williams Marketing’s annual forecast breakfast Friday.
Kicking off the event, Williams President Leslie Williams noted that area real estate professionals were feeling good a year ago about how the market was holding up much better than others.
“Now Seattle’s getting their butt kicked, too,” she said.
Seattle has [...]
Tags: property market, real estate market, Seattle
Posted in West Region |
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Nov 5th, 2008 |
By Gregory Arzumanov |
Category: Housing News, Northeast Region
NEW YORK - Nov. 5, 2008 - What does being “underwater” in your house really mean? Probably not that you’re drowning.
The number of underwater homeowners - those who owe more on their mortgages than their home is now worth - has been growing sharply since 2006 as real-estate prices have tumbled. By some estimates, between [...]
Tags: borrower, foreclosure, underwater
Posted in Housing News, Northeast Region |
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Nov 4th, 2008 |
By Gregory Arzumanov |
Category: Housing News
WASHINGTON - Nov. 4, 2008 - With an unstable American economy and slowdowns in the housing market, most consumers are open to the federal government taking a more active role in overseeing mortgage and lending practices, according to the 2008 National Housing Pulse Survey, an annual survey released today by the National Association of Realtors®.
The [...]
Tags: American economy, foreclosures, homeownership, housing, immediate benefits, real estate
Posted in Housing News |
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Oct 29th, 2008 |
By RT Staff |
Category: Northeast Region
Rising rents in the Boston area are forcing families to spend a higher portion of their income on housing costs, according to the Boston Foundation’s Housing Report Card, which was released yesterday.
Globe reporter Kimberly Blanton writes about the foundation report and rent prices in the city in today’s Business section.
At the same time, renter incomes [...]
Tags: Boston, landlords, Massachusetts, rental market
Posted in Northeast Region |
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