Housing markets are strengthening in Massachusetts as a result of the home buyers’ federal tax credit, but are projected to slow over the remainder of the year as consumer confidence in the market and the overall economy wanes. Sales increased to the highest level in years, but home price appreciation remains weak. The upsurge in… Continue reading 2010 Massachusetts Housing Market
Category: 2010 Housing Market
2010 Utah Housing Market
Heavy lay-offs in construction and retail sales are hurting the Utah economy, which was one of the last states in the country to see its housing markets turn. The deflationary spiral has sent home values south, but government incentives have acted to aid the market, improving housing sales. The lower price ranges were mainly assisted… Continue reading 2010 Utah Housing Market
2010 Tennessee Housing Market
In a strange twist of fate, the Tennessee housing market is forecast to experience improving conditions from its downturn as a direct result of massive flooding and severe weather that inundated much of the state. Higher home sales are projected to result as homeowners who have lost their homes in the devastating flooding, and other… Continue reading 2010 Tennessee Housing Market
2011 Nevada Housing Market
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