Housing markets will experience increasing sales in 2010 aided by the government’s extension and expansion of the first time home buyers federal tax credit, and more government-backed lending assistance, according to the new Housing Predictor national forecast for 2010. Markets will improve in most of the U.S. with average housing deflation forecast at 8.7% nationally.… Continue reading Better Market Forecast in Housing
Category: Foreclosure
Navigating the New Year
By Brad Risen Economist Happy New Year! It’s 2009, the year that America will go head to head with the U.S. economy like no other since the Great Depression. So enjoy your New Year’s punch now. You’ll need it! I have never been a pessimist. I grew up thinking and being the serial optimist. But… Continue reading Navigating the New Year
2010 Georgia Housing Market
Home sales are sliding in Georgia and foreclosures are climbing as markets are hampered by high unemployment, despite some of the lowest mortgage rates in history. But the housing market poses the best buyers market in more than a decade for those looking to get into a home. Despite rising home sales prompted by the… Continue reading 2010 Georgia Housing Market
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2010 Idaho Housing Market
The boost in home sales produced by federal stimulus tax incentives wound down quickly in Idaho, one of the most troubled states in the country in terms of foreclosures. Home prices have been rapidly declining in just about every market in the state, despite its picturesque beauty. However, there are some promising signs for the… Continue reading 2010 Idaho Housing Market
National Real Estate Prices Forecast to Deflate Further
Scrambling to find a bottom, the U.S. real estate market is falling further and further in most areas of the country. Home prices nationally will deflate an average of more than 8% in 2008, according to the Housing Predictor forecast. The real estate crisis, triggered by an over supply of new creative financing programs and… Continue reading National Real Estate Prices Forecast to Deflate Further
2011 Idaho Housing Market
Troubled by one of the highest monthly rates of foreclosures in the nation, Idaho’s housing market is battling to find a bottom amid the worst real estate crash in U.S. history. Home sales rose while the federal government was offering a special tax credit to buyers, but then tumbled like an avalanche after the credit… Continue reading 2011 Idaho Housing Market
2011 Arkansas Housing Market
Arkansas has one of the strongest economies with one of the best employment rates in the nation, which is propelling its housing markets to improving conditions much sooner than most of the U.S. Home sales haven’t been setting any records, but near record low mortgage rates have kept most markets active with homeowners who are… Continue reading 2011 Arkansas Housing Market
2011 California Housing Market
Like suffering through a painful New Year’s hangover, California is slumbering through the fallout of the real estate crash after twin tax credits artificially boosted its housing market only to return to a slowdown. As the world’s sixth largest economy on its own, California isn’t exactly falling into economic ruin, but it isn’t making headway… Continue reading 2011 California Housing Market
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