While the U.S. housing market is in the shambles in most of the country, South Dakota provides a rare place in Americana. Home values in all of the state are rising and good old conservative lending practices are driving the increase with mortgage interest rates that are the lowest in decades. In Rapid City homes… Continue reading 2012 South Dakota Housing Market
Category: Housing Market
2012 Colorado Housing Market
Home sales are picking up in Colorado as lower home prices and mortgage rates drive more buyers into the housing market. The rise in sales will eventually lead to higher prices paid for homes and other properties, but as the region struggles with the economic fallout of the financial crisis the recovery isn’t expected to… Continue reading 2012 Colorado Housing Market
2012 Washington Housing Market
Statistics don’t capture the reality of people being dislocated and the lives that are massively changed as a result of the real estate crash. But housing market forecasts do provide a guide-post for people to understand where we are in the cycle. And if you are in Washington state or thinking about relocating there, you… Continue reading 2012 Washington Housing Market
2012 Utah Housing Market
Bulging home sales driven by near record low mortgage rates, better employment levels than many other states and the lowest home prices in years are beginning to pressure home values in Utah. Average home prices are forecast to appreciate by the end of the year. Five years after the housing bubble burst, the Utah housing… Continue reading 2012 Utah Housing Market
2012 North Carolina Housing Market
Despite a hike in the unemployment rate in the middle of summer and other economic woes, North Carolina’s housing markets are demonstrating major signs of improvement and are now forecast to experience appreciation by years end. Record low mortgage rates coupled with lower home prices and better prospects for economic growth are the driving forces.… Continue reading 2012 North Carolina Housing Market
Banks Mortgage Settlement Hangs in Jeopardy
By Kevin Chiu A proposed settlement between big money mortgage giants and U.S. states hangs in jeopardy after Delaware rejected the settlement as an unfair deal for homeowners. State Attorney General Beau Biden broke with fellow AGs rejecting the settlement. The proposed settlement between the attorney generals would dedicate $17-billion from lenders to go towards… Continue reading Banks Mortgage Settlement Hangs in Jeopardy
2012 Arkansas Housing Market
The volume of homes selling in Arkansas is rising as consumers take advantage of lower home prices and close to record low mortgage rates, but housing prices are declining and are forecast to drop in most areas of the state again in 2012. In the state capital, Little Rock, prices on homes have gradually been… Continue reading 2012 Arkansas Housing Market
2012 Texas Housing Market
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
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