Housing News
Oct 27th, 2008 |
By RT Staff |
Category: Northeast Region
The New York City housing market is more active than others around the country, but that’s working out better for whites and Asians than it is for blacks and Latinos. That’s according to an analysis of recent financial data gathered by the Furman Center for Real Estate and Urban Policy. Director Vicki Been says from [...]
Tags: housing crisis, mortgages, New York City
Posted in Northeast Region |
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Oct 27th, 2008 |
By RT Staff |
Category: West Region
One in every 400 homes in Colorado is in foreclosure according to Team Cox Realtors.
It’s an issue every voter is looking into to see which presidential candidate is best for them.
A group of Republican Presidential Candidate John McCain supporters met in Colorado Springs on Sunday to discuss how McCain’s plan will help keep Americans in [...]
Tags: Colorado, Denver, economic crisis, elections, FHA loan program, foreclosure crisis, foreclosures, housing market, McCain, Obama
Posted in West Region |
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Oct 27th, 2008 |
By RT Staff |
Category: Midwest Region
In Nevada, home foreclosures have jumped 137 percent compared to a year ago. While the situation in the heartland isn’t nearly as drastic, one bank is reaching out to homeowners in a financial crunch.
The troubling winds of the swinging and unsteady housing market are hitting retiree Pat Yutesler hard. “I’ve had my house on the [...]
Tags: banking crisis, foreclosures, housing market, mortgage lender, Nebraska, Omaha
Posted in Midwest Region |
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Oct 27th, 2008 |
By RT Staff |
Category: West Region
Foreclosures in the San Fernando Valley ballooned to a record level in the third quarter, pounding down prices but driving a huge jump in September sales, according to a report released today.
Foreclosures soared 203 percent from July through September compared to a year earlier, as 2,589 local families lost their homes in the market collapse, [...]
Tags: California, foreclosures, house prices
Posted in West Region |
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Oct 27th, 2008 |
By RT Staff |
Category: Housing News, Northeast Region
The vacancy rate for the Center City and suburban Philadelphia apartment markets is inching up, despite a renewed focus on rental living rather than buying a home.
Apartment landlords, particularly in lower-tiered complexes, are reporting that tenants are doubling and tripling up to save money, and in the upper echelon, more product is coming on the [...]
Tags: apartment rents, apartments, condominiums, Pennsylvania, Philadelphia, rental market
Posted in Housing News, Northeast Region |
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Oct 27th, 2008 |
By RT Staff |
Category: Housing News
A government report Monday showed that new-home sales posted a modest rebound in September, but some Wall Street analysts are bracing for more price deterioration in the housing market as a result of escalating foreclosures.
Fox-Pitt Kelton housing analyst Robert Stevenson on Monday increased his forecast for home-price declines, saying foreclosures are driving down pricing faster [...]
Tags: foreclosures
Posted in Housing News |
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Oct 24th, 2008 |
By Gregory Arzumanov |
Category: Housing News, South Region
ORLANDO, Fla., Oct. 24, 2008 – For the first time in almost three years, Florida’s existing home sales rose in September, noting a 24 percent increase in activity in the year-to-year comparison; last month’s sales of existing condos statewide increased 11 percent in the year-to-year comparison, according to the latest housing data released by the [...]
Tags: condo, condo market, condominiums, florida, home sales, National Association of Realtors
Posted in Housing News, South Region |
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Oct 24th, 2008 |
By RT Staff |
Category: Northeast Region
A jump in sales and a dip in inventory are providing a ray of hope for a depressed housing market.
The bad news is that home prices are still dropping and many buyers remain on the sidelines.
There were 1,740 homes under contract for sale in Nassau and Suffolk counties last month, a 26 percent increase over [...]
Tags: housing market, Long Island, NEW YORK, real estate market
Posted in Northeast Region |
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Oct 24th, 2008 |
By RT Staff |
Category: Housing News
Home resales in the U.S. rose more than forecast in September, aided by foreclosure-driven declines in prices that made properties more affordable.
Purchases of existing homes jumped 5.5 percent last month to a 5.18 million annual pace, the highest level in a year, the National Association of Realtors said today in Washington. The median price dropped [...]
Tags: foreclosures, home resales, home sales
Posted in Housing News |
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Oct 23rd, 2008 |
By RT Staff |
Category: Housing News
A new PhoCusWright study on the dramatic growth in the vacation rental market indicates that companies like Zonder, the leader in real-time, online booking of private homes, cabins, condos and villas, are well positioned to overcome distribution barriers and are making this attractive rental option accessible to consumers.
The study, PhoCusWright’s Vacation Rental Marketplace: Poised for [...]
Tags: rental market, vacation rental
Posted in Housing News |
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