Soft home sales and discount priced properties are troubling the housing recovery in Kansas as the center of the Mid-West encounters long term issues over the economy. Employers have been hiring more workers in parts of Kansas, but unemployment in some areas of the state is higher than the national average. High joblessness has put… Continue reading 2011 Kansas Housing Market
2011 Massachusetts Housing Market
Despite the lowest mortgage rates in decades, the Massachusetts housing market is slumping as it works its way through the most devastating real estate crash in U.S. history. Home sales declined to the lowest level since 1990 after the federal home buyer tax credit expired. The drop-off is also attributable to high unemployment and weak… Continue reading 2011 Massachusetts Housing Market
2011 New York Housing Market
Troubled by a state economy in chaos, New York is facing one of the most challenging times in history. Although foreclosures are a problem in the fallout of the worst real estate crash in the U.S, driven by a healthier supply of able buyers, New York consistently ranks as one of the lowest in foreclosures.… Continue reading 2011 New York Housing Market
2011 Virginia Housing Market
High paying government jobs triggered a resurgence of the housing market in much of Virginia as commuters to Washington, D.C. bought up homes to take advantage of the federal tax credit, but sales plummeted after its expiration sending markets into the beginning of a second dip in the housing market. Outside of the nation’s capitol… Continue reading 2011 Virginia Housing Market
2011 South Carolina Housing Market
An uptick in home sales produced by federal tax credits ran-out of momentum after the program’s expiration. South Carolina is suffering through one of the harshest economic disasters in the U.S. as a result of the twin financial and foreclosure crisis as crime rates soar in much of the state. Home and condo buyers rushed… Continue reading 2011 South Carolina Housing Market
2011 Tennessee Housing Market
Driven by a stronger economy than most of the nation and higher employment levels in its major cities, Tennessee is sustaining the real estate crash better than most of the U.S. That isn’t to say the state is out of the woods yet, but the hills of Tennessee are looking better than a lot of… Continue reading 2011 Tennessee Housing Market
2011 Georgia Housing Market
A rapidly deteriorating real estate market has sent jitters down the backs of homeowners in Georgia as the nation enters the era of the new economy with less bank lending, lower leverage and higher unemployment. Homes are selling much slower in all Georgia markets than during the federal tax credit period, which demonstrated no lasting… Continue reading 2011 Georgia Housing Market
2011 New Mexico Housing Market
Growing unemployment and businesses exiting the state are hurting New Mexico housing markets, which are sustaining larger losses in sales and home values as the recession unwinds. Job losses in professional, construction and retail sectors are troubling New Mexico, which is one of the last state’s in the nation to be hit hard by the… Continue reading 2011 New Mexico Housing Market
2011 New Jersey Housing Market
New Jersey home sales rose only to fall after the home buyer federal tax credit’s expiration, where it’s no picnic these days in the Garden State, despite the fact that more people are going back to work in the region. The drop in sales was also accompanied by a decline in home prices. Troubled by… Continue reading 2011 New Jersey Housing Market
2011 Louisiana Housing Market
Louisiana home sales are anemic in most of the state as a wave of turmoil troubles the state battling back from twin disasters. A turn around that started to develop has been stagnated, as unemployment grows and fears about a rebound in the economy derail the region. Home sales aren’t being hurt as much by… Continue reading 2011 Louisiana Housing Market