2012 North Carolina Housing Market

Despite a hike in the unemployment rate in the middle of summer and other economic woes, North Carolina’s housing markets are demonstrating major signs of improvement and are now forecast to experience appreciation by years end. Record low mortgage rates coupled with lower home prices and better prospects for economic growth are the driving forces.… Continue reading 2012 North Carolina Housing Market

Banks Mortgage Settlement Hangs in Jeopardy

By Kevin Chiu A proposed settlement between big money mortgage giants and U.S. states hangs in jeopardy after Delaware rejected the settlement as an unfair deal for homeowners. State Attorney General Beau Biden broke with fellow AGs rejecting the settlement. The proposed settlement between the attorney generals would dedicate $17-billion from lenders to go towards… Continue reading Banks Mortgage Settlement Hangs in Jeopardy

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