The bottom of the housing market has come and gone in South Dakota, which has suffered little pain from the financial crisis. Employers are adding jobs as the state’s economy grows amid massive economic problems else where. Few foreclosures have troubled the state’s economy even as job losses rose during the recession. Like its neighbor,… Continue reading 2010 South Dakota Housing Market
2010 Virginia Housing Market
In Virginia an escalating trend is developing as communities closer to Washington, D.C. show growing home sales accompanied by climbing prices, while much of the state still lingers in the housing downturn. But government efforts to keep mortgage interest rates low accompanied by lower home prices are projected to push Virginia’s housing markets higher over… Continue reading 2010 Virginia Housing Market
2010 Illinois Housing Market
The Illinois housing market is setting up to be in better shape as a result of millions of dollars in aid from the federal government. High unemployment, terrible foreclosures and declining home values are stalling Illinois markets from recovery, despite an increase in home sales resulting from the federal tax credit. Illinois is suffering from… Continue reading 2010 Illinois Housing Market
2010 Minnesota Housing Market
After nearly three years in a downturn home prices rose faster than just about anywhere else in the country in the Twin Cities, but after the cancellation of the federal home buyers’ tax credit things cooled off quickly, and that’s the way things are projected to be the remainder of the year. That isn’t all… Continue reading 2010 Minnesota Housing Market
2010 Connecticut Housing Market
Still ailing from the fallout of Wall Street blunders and troubled hedge funds, the Connecticut housing market is trying to get out of its slump. Even as home sales improve in much of the state the errors of the few impact the many. In upscale Greenwich home values have deteriorated so much that many homeowners… Continue reading 2010 Connecticut Housing Market
2010 Kansas Housing Market
Higher employment rates in Kansas are helping to produce the early stages of stabilization in some housing markets even as homeowners are swamped in negative equity and slower home sales. A surge in sales of existing homes produced by the federal tax credit wound down after the credit’s expiration. But housing price erosion is beginning… Continue reading 2010 Kansas Housing Market
2010 Arizona Housing Market
Arizona housing prices were rising as a result of federal tax credits, lower asking prices and near record low mortgage rates. But then like the winds blowing across the desert before a storm, the values of homes were swept lower as a result of the home buyers tax credit expiring. In Arizona a major secondary… Continue reading 2010 Arizona Housing Market
2010 Pennsylvania Housing Market
Home sales are returning with a punch in Pennsylvania, despite a slowdown after the federal tax incentive expired. Lower housing prices coupled with record low mortgage rates are driving markets, which are showing signs of entering a recovery. A large number of retirees moving to Pennsylvania for its lower cost of living and low tax… Continue reading 2010 Pennsylvania Housing Market
2010 Florida Housing Market
The impact of the BP oil disaster is making a devastating impact on the Gulf Coast region of Florida, while other areas of the state are seeing little fallout in their real estate markets. Florida’s housing market was seeing a rebound in sales, jettisoned by federal tax credits, near record low mortgage rates and lower… Continue reading 2010 Florida Housing Market
2010 West Virginia Housing Market
From the shambles of being one of the two worst economies in the nation, West Virginia is pulling out of its slump. The state’s economy grew at three and a half times the national rate in 2008 and housing markets are bracing for a long sought after recovery. Home prices didn’t hit double-digit rates of… Continue reading 2010 West Virginia Housing Market