*Note: To access the latest “Best 25 Markets” select Top 25 Markets from the menu on the left. More housing markets are forecast to experience appreciation in 2010 as the nation’s real estate markets move closer to stabilization. The Best 25 Housing Markets named annually by Housing Predictor hold the strongest likelihood of housing inflation… Continue reading Best Housing Markets in 2010
Category: Banks
Worst Housing Forecasts in 2011
For a time government stimulus money combined with lower home prices and historically low mortgage rates to drive home sales and prices in some areas of the country higher, but the so-called second leg in the housing market downturn is underway in many regions of the U.S. Led by fourteen states, the worst 25 forecast… Continue reading Worst Housing Forecasts in 2011
Record Low Mortgage Rates Trigger Loan Increase
By Mike Colpitts All-time record low mortgage rates triggered a revival in applications for home financing. Both refinances and new home mortgage applications were up for the first time in three weeks as homeowners and home purchasers returned to the market in greater numbers. Applications saw a large pick-up, despite the Labor Day holiday. The… Continue reading Record Low Mortgage Rates Trigger Loan Increase
2011 Alabama Housing Market
Soaring unemployment and weak economic fundamentals are leading the Alabama housing market into a second down turn that is projected to pull home prices down further. Home sales have slowed after the federal tax credit for home buyers’ expired, leading to a growing series of problems for Alabama, which includes worries along the Gulf of… Continue reading 2011 Alabama Housing Market
Housing Crisis in U.S. Worst Since the Depression
Grab a Parachute It has exploded into the worst housing crisis since the Great Depression. Home owners with near perfect credit scores are having their homes foreclosed. The subprime crisis has taken a fast leap into the conventional mortgage market, and little is being done to bring it to a halt. The infamous frauds at… Continue reading Housing Crisis in U.S. Worst Since the Depression
Long Haul Recovery Forecast in U.S. Housing
The U.S. housing market won’t return to healthy levels of activity in the majority of the Nation’s real estate markets until at least sometime in 2009, perhaps even later, according to the latest analysis of Housing Predictor. The housing market recovery will be a long haul. A series of interest rate cuts are expected by… Continue reading Long Haul Recovery Forecast in U.S. Housing
Housing Predictor Poll Results
Bankers Should Sell Foreclosures at Discount A large majority of those surveyed say bankers should slash the prices of foreclosed homes and sell them quickly at a discount. Apparently Americans feel the action will help produce a stabilization in the housing market. A huge 70% surveyed in the Housing Predictor opinion poll said bankers and… Continue reading Housing Predictor Poll Results
Winning in Real Estate Crisis
by Robert Jones Construction workers are re-tiling their bathrooms, real estate agents are taking jobs as waiters and waitresses, and mortgage brokers are sitting around watching TV. The collapse of the housing market has been brutal on just about everyone, it seems, with any connection to the industry. Well, almost everyone. Attorneys are busier than… Continue reading Winning in Real Estate Crisis
Housing Research Center
Housing Research The Housing Research Center is a consumer resource loaded with expert information on buying, selling and investing in real estate with insight on the many facets of being a homeowner. Find the latest news on the evolving foreclosure crisis and what steps you can take to protect your best interests. Plus get general… Continue reading Housing Research Center
Foreclosures Sell 32% Under Rest of Market
By Mike Colpitts Foreclosures or bank owned homes sold at an average discount of 32% below similar homes in the same neighborhood during the second quarter of the year, according to RealtyTrac. The price was two percent lower than a year ago. Foreclosure sales accounted for 23% of all U.S. residential sales during the second… Continue reading Foreclosures Sell 32% Under Rest of Market