Posts Tagged ‘ real estate market ’

Baltimore housing sales, prices fell in October, dashing any hopes for quick rebound

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 [...]



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 [...]



Seattle area faces bleak real estate forecast

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 [...]



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 [...]



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 [...]



San Diego housing downturn could be approaching bottom

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

An unusual September jump in home sales, together with the biggest monthly drop yet in prices, could be early signs that San Diego County housing is approaching the bottom of a three-year-old downturn, industry experts and observers said yesterday.
MDA DataQuick reported that the median price for all homes dropped $22,000 from August to stand at [...]



Washington State appraiser shares view on housing market

Oct 20th, 2008 | By RT Staff | Category: West Region

Jim Allotta is in a tough industry. His business, Allotta Appraisal Services, has faced some challenges in the past year including a declining housing market and predatory lenders who try to dictate appraisers’ work.
The previously booming housing market brought appraisers who didn’t know much about the process and told lenders what they wanted to hear.
The [...]



Investing in a Volatile Real Estate Market: Seven Tips to Navigate the Real Estate Market

Oct 16th, 2008 | By RT Staff | Category: Housing News

According to the Center for Responsible Lending, 2.2 million families with a subprime loan issued from 1998 through 2006 have lost or will lose their home to foreclosure in the next few years. That amounts to a projected maximum equity loss of $164 billion. But according to John Checki, a Richardson-based independent financial professional, successful real estate investing is still a reality if an investor pays careful attention, conducts detailed research and has patience.



Bargain hunters snapping up foreclosed Sonoma County homes

Oct 16th, 2008 | By RT Staff | Category: West Region

Home sales doubled in September as bargain hunters grabbed up Sonoma County homes, putting a dent for the first time in the region’s lower-priced properties, according to a new report.
Two out of three homes sold in September were foreclosure properties unloaded by banks or short-sales by homeowners bailing out on mortgages they could no longer [...]