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
2011 Indiana Housing Market
Pushed by the federal home buyer tax credit, home sales increased in Indiana, but then nearly fell off the charts after the credit expired. A recessionary economy, anchored in high unemployment and debt has turned the housing market into a long lasting depression in Indiana as foreclosures mount and homeowners increasingly walk away from their… Continue reading 2011 Indiana Housing Market
2011 Arizona Housing Market
Driven by a job market that has been plagued by workers being cut from large companies, and lower home prices Arizona may be in the beginning stages of its long awaited housing recovery as more employees go back to work. The suffering economy has seen unemployment improve even in the face of the worst real… Continue reading 2011 Arizona Housing Market
2011 Oregon Housing Market
An over-supply of homes and other residential properties are creating doubts among home buyers accompanied by a weak economy in Oregon, sending home values lower and into what appears to be the initial steps of a double-dip in housing. Growing unemployment in manufacturing, professional services and finance are hurting the economy. A Brookings Institution study… Continue reading 2011 Oregon Housing Market
2011 Maryland Housing Market
Declining home sales after the federal government’s tax credit expired are hurting Maryland, once considered one of the stronger regions in the country in terms of home values. Falling prices hurt the housing market as it erodes confidence in home values recovering any time soon. The battle being waged to produce a housing recovery in… Continue reading 2011 Maryland Housing Market