It was a sugar high that gained momentum with the home buyer tax credit, but after its expiration home sales slowed almost like a car coming to a stop sign. Record high foreclosures coupled with one of the highest unemployment rates in the nation have crippled the Ohio housing market. Displaced Ohio workers are beginning… Continue reading 2011 Ohio Housing Market
Category: 2011 Housing Market
2011 Wyoming Housing Market
Troubled by nervous newcomers concerned about the economy and selling their homes before moving, Wyoming is sustaining the financial crisis and the housing bust much better than most of the nation. Retirees and tourists are providing a boost to the economy for the state that has the lowest population of any in the U.S. In… Continue reading 2011 Wyoming Housing Market
Home Prices Decline Less in Hardest Hit Markets
By Mike Colpitts Where home prices are still declining they are deflating at a slower rate for the second year in a row, a new Housing Predictor survey has found. The hardest hit markets in the nation, including places in California, Nevada, Arizona, Rhode Island and Florida are experiencing less deflation than in early 2010.… Continue reading Home Prices Decline Less in Hardest Hit Markets
2011 New Hampshire Housing Market
Stoked by better employment than in most other areas of the country and record international exports, the New Hampshire economy is eyeing the New Year with an optimism not seen in many areas of the U.S. That’s not to say the state is out of the woods yet in the financial crisis, but it’s driving… Continue reading 2011 New Hampshire Housing Market
2011 Montana Housing Market
Through its conservative values Montana avoided much of the real estate bubble, but the difficulties surrounding its housing markets as fallout of the financial crisis persist with less bank lending and troubles in the economy at large. Home sales in most of Montana took an up swing as a result of the federal home buyers’… Continue reading 2011 Montana Housing Market
2011 Michigan Housing Market
Foreclosures and bank assisted short sales have battered the Michigan housing market, as many residents flee the state. But as more investors come out to take advantage of lower home prices and interest rates at near record lows, markets are making inroads to recovery. Home prices rose in Detroit with the federal tax credit for… Continue reading 2011 Michigan Housing Market
2011 Oklahoma Housing Market
A surplus inventory of homes and other real estate listed for sale and growing foreclosures hinder Oklahoma housing markets, despite a stronger job market than most of the U.S. and near record low mortgage rates. The real estate crash is only starting to have a deeper impact on the Sooner State. Home sales fell a… Continue reading 2011 Oklahoma Housing Market
2011 Colorado Housing Market
In Colorado they’re bucking the trend like they have so many times when it comes to the housing market. Sales have shown an improvement, despite the weak national economy, but they aren’t anything like they need to be to drive a full-fledged recovery. Home sales have driven a stronger market in Denver during the summer,… Continue reading 2011 Colorado Housing Market
2011 Maine Housing Market
As one of the colder climates in the country, residents of Maine know all too much about being frozen out. For the longest time they were nearly frozen when it came to the real estate crash, and then things slowly changed sending home prices lower. Maine isn’t likely to sustain the loss in home values… Continue reading 2011 Maine Housing Market
2011 West Virginia Housing Market
Despite near record low mortgage rates, home sales are soft in West Virginia, which is suffering through the real estate crash with little marked improvement from the federal home buyer tax credit. The incentive proved to do little to aid West Virginia housing markets in the long run as the Obama administration struggles to adopt… Continue reading 2011 West Virginia Housing Market