Tag Archives: real estate

Existing Home Sales | What U.s. Cities Are Doing To Promote New Construction

Although home sale numbers may be resurrecting in some cities, this is not the case for most. Not only are home sales down, but new home construction has hit rock bottom in many major cities. Commercial vacancies are also steadily climbing, which have caused the lending industry to raise the bar in obtaining new construction loans. Builders are now struggling more than ever with a variety of    .. more …

Mortgage Interest Rates | Why It’s Easier Than Ever To Buy Real Estate – Article Dashboard

People may save for years just to get the down payment to buy real estate, and then will have to be responsible for paying off their mortgages. Deciding to buy real estate requires the confidence to know that the property you are purchasing is likely to increase in value, and that you will be able to maintain it and to stay current on your monthly payments. In today’s real estate market, most of    .. more …

Existing Home Sales | Tennessee Real Estate Market – Article Dashboard

With the devaluation of our dollar and high energy costs, I see a two year stagnation in the real estate market for Tennessee. New home builders have a high inventory of unsold units which causes a significant drop in home values. This makes a buyers market with many bargains to choose from. The existing home sales market is also affected by the high supply and low demand of new homes in    .. more …

New York Foreclosures | Understanding How Robo-signing Led To The Foreclosure Freeze

The assertions against these finance institutions were that they skirted the judicial process in states that required a judicial review of foreclosures. This means that creditors and their legal representatives had to certify that the records presented were correct and had been verified before being sent through the legal system for foreclosure. It was discovered that instead of actually reading    .. more …

New Home Sales | Pests Woes Bedevil New Construction And Vacant Homes

Owners expect a new home or commercial building to be in pristine condition and certainly pest-free. However, the very process of construction can leave a new building open to pest invasion. Building construction typically takes several months, although structure size, financial considerations and particularly weather conditions can lengthen that time considerably. Wooden structural components and    .. more …

New York State Foreclosure | Peter Jordan And The Process Of Buying Foreclosures

If you are looking for a quaint suburban town that is near an urban center, then there is available real estate in New Jersey. The town of Westfield boasts of good schools, a convenient proximity to New York City, numerous facilities, and a perfect ambience for its residents. For buyers who are looking for a good deal, there is the option of a bank foreclosed property. Foreclosure means that the    .. more …

New York State Foreclosure | Housing Crisis May Affect Consumers For Years To Come

However, consumers in some areas of the country may not see returns on these investments for many years, as some real estate markets that have been hit hard by the foreclosure epidemic could remain stagnant for years. According to recent research by Moody’s Analytics, cities in California, Arizona and Nevada may not see their home prices return to their pre-recession values until as far out as    .. more …

New Home Sales | Myamsco Mortgage Updates – Article Dashboard

Fed Chief Bernanke presented the latest Fed forecast for the economy during his testimony before Congress. The Fed lowered its projections for economic growth for 2008 and 2009 and expressed concern about the risk of higher inflation. Bernanke described the inflation outlook as “unusually uncertain”. From Bernanke’s comments, investors concluded that the Fed’s primary goal right now is to promote    .. more …

Existing Home Sales | Home Median Price Comparisons For Top 10 U.s. Cities

CITYResale Median Price+/- %New HomeMedian Price+/- %Foreclosures Median Price+/- %New York, NY$625,000-6.0%$4,500,0000.0%$489,0000.0%Los Angeles, CA$449,000-0.2%$749,900+8.7%$344,000+1.7%Chicago, IL$279,9000.0%$950,0000.0%$190,868-0.6%Houston, TX$162,500+1.6%$179,9900.0%$96,791+0.4%Phoenix, AZ$175,000-2.2%$321,465-0.2%$161,600-2.1%Philadelphia, PA$167,9000.0%$399,9900.0%$83,000+1.4%San Antonio,    .. more …

New Home Sales | The Housing Market In The U.s. Is In Trouble. – Article Dashboard

In the upcoming year, it is predicted to fall around about 10% more. Currently, the market has over a 10 month supply of homes in it. Existing home sales in the month of August had fallen 11%, and the new home sales plummeted around 35%. The construction industry is also suffering from the current problems. Many are finding it hard to stay in business. Because of credit problems, they are pressing    .. more …