Posts Tagged ‘ housing market ’

5 real estate markets most likely to rebound

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 [...]



Growth in Basement Remodeling Undeterred by Sluggish Housing Market

Nov 10th, 2008 | By RT Staff | Category: Financial News

“If You Can’t Sell, Remodel” has become the unofficial slogan for legions of American homeowners convinced that basement remodeling provides a practical alternative to labored attempts to sell homes for profit amid an economic and housing downturn. In the all-new report, Trends and Opportunities in the U.S. Basement Remodeling Market, market research publisher SBI forecasts [...]



Election gives Staten Island housing market a jolt

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 [...]



Foreclosures: What Each Presidential Candidate Will Do About It

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 [...]



Banks Trying To Work With Homeowners, Avoid Foreclosure

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 [...]



Closing A Real Estate Deal In A Bad Housing Market

Oct 25th, 2008 | By RT Staff | Category: Featured Articles

When the housing market slumps, it’s often best to take your home off the market and wait it out - but not everyone has that luxury. Many people are forced to go through with a sale because of a job transfer or a personal liquidity crisis. But even if you’re selling in a very bad [...]



Mixed numbers for Long Island real estate market

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 [...]



Pulte loss narrows, says housing market worsened

Oct 23rd, 2008 | By RT Staff | Category: Financial News

Pulte Homes Inc., the No. 4 U.S. home builder, posted a larger-than-expected quarterly loss on Wednesday, saying the home building environment significantly worsened and it would not provide a financial forecast.
Pulte reported that its third-quarter net loss narrowed to $280.4 million, or $1.11 per share, but that was wider than the 58 cent per share [...]



China cuts taxes, rates to boost housing market

Oct 23rd, 2008 | By RT Staff | Category: International Realty

The central government yesterday stepped in to bolster the sagging real estate market by lowering transaction taxes, reducing down payments and lowering mortgage rates.
But analysts said the measures may not hold back price corrections because the current prices have surged far out of reach of many buyers.
Fleshing out a directive issued last Friday by the [...]



Lubbock TX Housing Market Ranks Among Nation’s Best

Oct 21st, 2008 | By RT Staff | Category: South Region

Lubbock ranks among the top five U.S. cities with a strong housing market.
“Veros Real Estate Solutions” latest 12-month forecast projects home values will increase 3.8 percent through September 2009.
That places Lubbock second only to Peoria, Illinois on the list of the strongest real estate markets in the country.
Veros creates forecast models reflecting projected market gains [...]