Nationally, homes are sitting on the market for an average of 10 months, and home sales and prices continue to drop while the number of foreclosures is still on the rise. But realtors say the Anchorage market it still fairly healthy, especially for homes in the average price range.
As of Sunday, on Alaska Multiple Listings, [...]
The government’s $700-billion plan to bail out the banking system may calm panicked financial markets, but its real value may be in buying time to address the root problem: the continuing slide in housing values.
The Treasury Department’s rescue plan is far from a done deal, with Democrats saying Sunday that they would push for more [...]
The economic crisis has spread into many areas of the U.S. economy–banks, investment firms, insurance companies, and even the oil markets. But experts seem to agree that the trouble started with bad loans in the housing industry, and grew into a widespread crisis of confidence.
Gus Faucher, the Director of Macroeconomics at the economic website [...]
When the housing market is down, the “whole economy gets hurt,” said Rep. Barney Frank (D-Mass.) in a hearing today. The Financial Services Committee met to discuss the problems and possible solutions to the current housing market.
Frank added that the federal government’s feelings are not only of sympathy to those in foreclosure. He said that [...]
From the mid-1990s until 2006, housing prices increased dramatically in parts of the United States including Southern California, Florida, Phoenix and Las Vegas. The rest of the country also experienced increases but not to the same extent. In 2006 sales slowed down and prices began to decline — substantially in some markets. Sub-prime mortgage borrowers with adjustable rate provisions faced serious rate increases that were coming due, and many of those homeowners could not afford higher mortgage payments.
Canadian existing home housing prices are decelerating quickly with the steepest decline in more than a decade recorded in August, as analysts say homeowners in some cities should prepare for further depreciation.
The average price of a residential property sold through the Multiple Listing Service was $316,052 last month, a year over year drop of 5.1 [...]
Home sellers, agents and brokers nervously tuned in Monday to news of Wall Street titans collapsing or teetering, as Lehman Brothers Holdings Inc. filed for bankruptcy, Merrill Lynch & Co. was sold to Bank of America Corp. and New York-based insurance giant American International Group Inc. struggled to stabilize its finances.
Until now, the New York [...]
The slumping housing market, which has fallen 30 percent since its peak in late 2005, should provide a boost to San Diego’s traditionally tight rental market, according to Marketpointe Realty Advisors.
The local market research firm said 71 new home and condo conversion projects totaling 4,930 units have been taken off the market since 2006, including [...]
The rise in new home prices continues to ease as Canada’s housing market cools, particularly in the west.
Statistics Canada said Thursday prices for new homes rose 2.7 per cent in July, a slowdown from the 3.5 per cent pace a month earlier.
On a monthly basis, prices rose 0.1 per cent.
“The growth rate of the index [...]
Californians rave about year-round sunshine, temperate climate and easy access to surfing, snowboarding and everything in between. But when it comes to getting the most out of their homebuying dollar, they’ve got nothing on homeowners in the Midwest, a new study suggests.
Eight out of the top 10 most expensive housing markets in the U.S. are [...]