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
Category: 2010 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
2010 Pennsylvania Housing Market
Home sales are returning with a punch in Pennsylvania, despite a slowdown after the federal tax incentive expired. Lower housing prices coupled with record low mortgage rates are driving markets, which are showing signs of entering a recovery. A large number of retirees moving to Pennsylvania for its lower cost of living and low tax… Continue reading 2010 Pennsylvania Housing Market
2010 Florida Housing Market
The impact of the BP oil disaster is making a devastating impact on the Gulf Coast region of Florida, while other areas of the state are seeing little fallout in their real estate markets. Florida’s housing market was seeing a rebound in sales, jettisoned by federal tax credits, near record low mortgage rates and lower… Continue reading 2010 Florida Housing Market
2010 West Virginia Housing Market
From the shambles of being one of the two worst economies in the nation, West Virginia is pulling out of its slump. The state’s economy grew at three and a half times the national rate in 2008 and housing markets are bracing for a long sought after recovery. Home prices didn’t hit double-digit rates of… Continue reading 2010 West Virginia Housing Market
2010 Oklahoma Housing Market
Despite a slowdown in the energy business and accompanying job lay-offs, Oklahoma housing markets are holding up strongly in the wake of the financial crisis. The first time buyers’ tax incentive produced a swell of home sales, which resulted in a reduction of inventory. The state’s housing markets maintain their protection from the massive downfall… Continue reading 2010 Oklahoma Housing Market
2010 New Jersey Housing Market
Vast numbers of New Jersey residents fleeing the state as a result of rising job losses and one of the highest two tax bases in the country is projected to delay any come back in the housing market through the year. However, home sales are expected to rise as the states housing markets move towards… Continue reading 2010 New Jersey Housing Market
2010 Louisiana Housing Market
Housing sales in Louisiana are being seriously impacted by the double-punch of the BP oil disaster and the expired federal tax credit. Before the oil hit the southern coastal region of the state progress was building in the wake of the devastating destruction left in the wake of Hurricane Katrina five years ago. However, now… Continue reading 2010 Louisiana Housing Market
2010 Ohio Housing Market
Pushed by the federal tax credit, home buyers got off the fence to purchase homes earlier than they would have usually, but in Ohio the expiration of the tax credit may be having a huge impact on Ohio housing markets. The tax credit, intended to some how push the housing market into a recovery has… Continue reading 2010 Ohio Housing Market