Higher job levels coupled with a growing business population driven to the area through government programs, coupled with legislation enacted to protect consumers is allowing Texas to recover from the real estate crash much better than many other areas of the U.S. In Houston, the state’s largest metro area home prices had been de-escalating since… Continue reading 2012 Texas Housing Market
Category: 2012 Housing Market
2012 Oklahoma Housing Market
Higher employment levels driven by energy rich oil fields and natural gas, and a strong agricultural industry are sending most housing markets in Oklahoma into a full-fledged recovery, even as many areas of the nation suffer in the throws of the financial crisis. Stronger home sales and fewer foreclosures to hurt the values of surrounding… Continue reading 2012 Oklahoma Housing Market
Homeownership Falls Seventh Year
Troubled by a record foreclosure crisis and an economy hinging on an economic collapse, homeownership fell for the seventh straight year to the lowest level in more than a decade, according to the U.S. Census Bureau. The drop in the nation’s homeownership rate is evidence that government programs to increase the number of homeowners only… Continue reading Homeownership Falls Seventh Year
2012 Tennessee Housing Market
Home prices that are lower than many other regions of the U.S. and changing attitudes regarding business growth are still attracting more newcomers to many regions of Tennessee, despite the hurting national economy. The state saw more growth during the real estate boom than at any other time. A bulging inventory of homes for sale,… Continue reading 2012 Tennessee Housing Market
2012 South Carolina Housing Market
As home and condo sales rise in South Carolina, the market is encountering a record high number of foreclosure sales, which are sending the home prices to the lowest levels in more than a generation. Severe unemployment and massive underemployment has left tens of thousands of homes vacant. The foreclosure crisis is critical in Columbia,… Continue reading 2012 South Carolina Housing Market
2012 Alaska Housing Market
In the extreme north-west corner of North America, Alaska is disconnected from the contiguous United States, and it has little association with the rest of the country when it comes to hard times in the housing market. Alaska home prices are maintaining their value much more than most of the rest of the nation. Sale… Continue reading 2012 Alaska Housing Market
Real Estate Markets Most Likely To Recover
The five most likely U.S. metropolitan real estate markets to recover in 2012 are demonstrating signs of economic recovery in at least a couple of areas, despite the troubled U.S. economy. However, there are few other similarities aside from growing employment and a climate for change. A sense of cautious optimism prevails in Miami, Florida… Continue reading Real Estate Markets Most Likely To Recover
2012 New Jersey Housing Market
Reeling from a major decline in home prices, New Jersey homeowners are hoping that the worst of the real estate crash is over. But a massive inventory of foreclosures that have not yet been formally taken back by the banks sit vacant waiting as part of the shadow inventory to be accounted for by lenders.… Continue reading 2012 New Jersey Housing Market
2012 Nebraska Housing Market
Nearly five years after the housing market in the U.S. collapsed the sting of the market crashing is barely felt in Nebraska. Home prices never hit double-digit appreciation in any market in the state, saving it from the foreclosure crisis and an economy that became unhinged. With unemployment levels at one of the best rates… Continue reading 2012 Nebraska Housing Market
Mortgages Get More Expensive
By Mike Colpitts Congressional budget tightening has resulted in the loss of the homeowners’ mortgage insurance federal tax write-off. The loss means that homeowners holding millions of mortgages will lose the ability to take hundreds of dollars a year off their income taxes. The write-off is a crucial loss for teetering homeowners struggling to pay… Continue reading Mortgages Get More Expensive