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
Category: 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
Real Estate Investment Concentrated in 30 Cities
By Mike Colpitts More than half of all real estate investments are concentrated in 30 major cities across the world, according to a new study. Twenty-five percent of property investments are in five metropolitan areas, including New York. The study, conducted by commercial real estate company Jones Lang LaSalle, found that major cities house most… Continue reading Real Estate Investment Concentrated in 30 Cities
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
Private Equity Firms Purchase Fannie Mae Foreclosures
By Kevin Chiu The bulk sale of foreclosed Fannie Mae homes to private equity firms will place foreclosures right back into the very hands of some of the banks and investors which triggered the foreclosure crisis by manipulating financial markets. Fannie Mae is inviting investors to become joint venture partners in the biggest bulk sale… Continue reading Private Equity Firms Purchase Fannie Mae Foreclosures