By Mike Colpitts The hard hit economy is mending in some areas of the U.S., while other regions continue to suffer through the dregs of a housing market still in a downturn. But among all the places that are on the mend there are a handful of fairly solid cities where you might just want… Continue reading Where to Move, Get a Job & Buy a Home in 2012
Category: Texas
Texas housing market
Housing Market Bottoms Hit as Home Values Escalate
By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural… Continue reading Housing Market Bottoms Hit as Home Values Escalate
Shadow Inventory Slides to 2009 Levels
By Mike Colpitts The inventory of homes not yet foreclosed but regarded as unsellable as they are held back from the market known as the shadow inventory has dropped to January 2009 levels, according to real estate data firm CoreLogic. California, Florida and Illinois, where foreclosures are at some of the highest levels in the… Continue reading Shadow Inventory Slides to 2009 Levels
Record High Crop Prices Inflate Home Values
By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total… Continue reading Record High Crop Prices Inflate Home Values
Home Inventory Drops to 4-Year Low
By Mike Colpitts Homes listed for sale on the market dropped for the fifth consecutive month, hitting the lowest level in four years. The drop is a positive sign for the housing market, which has seen more home sales in recent months to aid the struggling market. Housing inventory at the end of October dropped… Continue reading Home Inventory Drops to 4-Year Low
Real Estate Developer, County Commissioner Pled Guilty
By Mike Colpitts A Houston real estate developer and Texas county commissioner pled guilty in federal court for their parts in a bribery scandal that influenced the county commission in a land scheme allegedly for more than a decade. Houston developer Michael Surface admitted that he intended to influence former Harris County Commissioner Jerry Eversole… Continue reading Real Estate Developer, County Commissioner Pled Guilty
Baby Boomers Caught in Real Estate Bust
By Kevin Chiu Baby boomers searching for a new home are going through increasing difficulty finding the right home for what they can afford, and many are finding they don’t have the equity they thought they had in order to move into another home in the first place. Some 77-million Americans are classified as baby… Continue reading Baby Boomers Caught in Real Estate Bust
Credit Downgrade May Trigger Inflation, Slow Home Sales
By Mike Colpitts As the U.S. economy sputters in over-drive to recover from the worst economic crisis since at least the Great Depression, Standard and Poor’s downgrade of the economy is likely to re-set mortgage interest rates on millions of adjustable rate mortgages, send the costs of doing business higher and slow home sales, weakening… Continue reading Credit Downgrade May Trigger Inflation, Slow Home Sales
Real Estate Crash of the Century
By Kevin Chiu The real estate market is under going the crash of the century and there’s no bottom of the market developing in the hardest hit areas of the U.S. The housing market alone has suffered more than 7-million residential foreclosures since the crisis started, and like a bottomless pit home prices are declining… Continue reading Real Estate Crash of the Century
Home Prices Rising in Dakotas, Alaska, Texas
By Mike Colpitts In places where jobs are more plentiful and workers are in demand local economies are doing much better than the majority of the U.S. and many housing markets are beginning to even see home prices rise. North Dakota, which now produces the fourth largest amount of oil in the country, Alaska and… Continue reading Home Prices Rising in Dakotas, Alaska, Texas