Raising home prices in the midst of the worst real estate collapse in U.S. history might be akin to raising stakes when you’re losing at the poker table. It just doesn’t make any sense, but bankers are trying to do just that as they slow the rate of foreclosures in Nevada, one of the nation’s… Continue reading 2011 Nevada Housing Market
2010 Colorado Housing Market
The Colorado housing market has one of the rarest, telling histories of all the states in America. For instance, when home prices have gone down elsewhere, Denver homes have escalated in value. The market in Denver has also seen prices decline when other areas of the country were experiencing appreciation. It just hasn’t happened like… Continue reading 2010 Colorado Housing Market
2010 Kentucky Housing Market
Stabilization of the Kentucky housing market will develop when more people go back to work. The real unemployment rate in the state, including the underemployed leaves one out of every five people out of work. Higher foreclosures are also contributing to the ailing real estate market, which is projected to begin stabilizing sometime during 2010.… Continue reading 2010 Kentucky Housing Market
2010 South Dakota Housing Market
The bottom of the housing market has come and gone in South Dakota, which has suffered little pain from the financial crisis. Employers are adding jobs as the state’s economy grows amid massive economic problems else where. Few foreclosures have troubled the state’s economy even as job losses rose during the recession. Like its neighbor,… Continue reading 2010 South Dakota Housing Market
2010 Virginia Housing Market
In Virginia an escalating trend is developing as communities closer to Washington, D.C. show growing home sales accompanied by climbing prices, while much of the state still lingers in the housing downturn. But government efforts to keep mortgage interest rates low accompanied by lower home prices are projected to push Virginia’s housing markets higher over… Continue reading 2010 Virginia Housing Market
2010 Illinois Housing Market
The Illinois housing market is setting up to be in better shape as a result of millions of dollars in aid from the federal government. High unemployment, terrible foreclosures and declining home values are stalling Illinois markets from recovery, despite an increase in home sales resulting from the federal tax credit. Illinois is suffering from… Continue reading 2010 Illinois Housing Market
2010 Minnesota Housing Market
After nearly three years in a downturn home prices rose faster than just about anywhere else in the country in the Twin Cities, but after the cancellation of the federal home buyers’ tax credit things cooled off quickly, and that’s the way things are projected to be the remainder of the year. That isn’t all… Continue reading 2010 Minnesota Housing Market
2010 Connecticut Housing Market
Still ailing from the fallout of Wall Street blunders and troubled hedge funds, the Connecticut housing market is trying to get out of its slump. Even as home sales improve in much of the state the errors of the few impact the many. In upscale Greenwich home values have deteriorated so much that many homeowners… Continue reading 2010 Connecticut Housing Market
2010 Kansas Housing Market
Higher employment rates in Kansas are helping to produce the early stages of stabilization in some housing markets even as homeowners are swamped in negative equity and slower home sales. A surge in sales of existing homes produced by the federal tax credit wound down after the credit’s expiration. But housing price erosion is beginning… Continue reading 2010 Kansas Housing Market
2010 Arizona Housing Market
Arizona housing prices were rising as a result of federal tax credits, lower asking prices and near record low mortgage rates. But then like the winds blowing across the desert before a storm, the values of homes were swept lower as a result of the home buyers tax credit expiring. In Arizona a major secondary… Continue reading 2010 Arizona Housing Market