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 [...]
The American housing market, where the global economic crisis began, has not hit bottom.
Home prices across much of the country and in Utah are likely to fall through at least late 2009, economists say, and in some markets the trend could last even longer depending on the severity of the anticipated recession.
In hard-hit areas such [...]
Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem - greed coupled with over-inflated prices.
If someone [...]
Home prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today.
Doubts about the stability of the nation’s financial markets are likely to linger through the middle [...]
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for August 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.2 % decline in house prices on a national level in August, and [...]
Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]
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, [...]
South Florida may have dodged some of the recent hurricanes, but it is still experiencing turbulence, especially in the condo market. Has it hit bottom yet? Peter Fitzgerald, COO of the The RADCO Cos., talks about what’s in the sector’s forecast.
Where does South Florida’s condominium market stand right now? Have you seen any recovery, or [...]
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 [...]