Higher job losses and growing business failures are contributing to slower housing markets in Texas, despite exceptions. New home construction and weak demand trouble markets as home sales slow. Sales rose as a result of the federal tax credit for home buyers, but slowed as a result of the program ending. Although the losses in… Continue reading 2010 Texas Housing Market
2010 South Carolina Housing Market
Hampered by rising job losses and high numbers of foreclosures South Carolina housing markets are trying to reach a balance. But an onslaught of residents fleeing the state for new job opportunities is causing havoc with any sort of recovery. Bargain hunters seeking to close transactions before the government imposed deadline to take advantage of… Continue reading 2010 South Carolina Housing Market
2010 North Dakota Housing Market
It may have a reputation for cold winters, but if you’re looking for a job North Dakota might be the place to look first. Driven by the best employment rate in the nation and one of the lowest foreclosure rates, North Dakota is making its way out of the national housing downturn with little fanfare.… Continue reading 2010 North Dakota Housing Market
2010 Maryland Housing Market
A stronger job base than many other regions of the country should help boost Maryland’s housing markets over the next year. As the financial crisis enters its third year, housing prices in most of Maryland are moving down with high foreclosures making an impact, despite a diversified employment market. Maryland ranks tenth in the nation… Continue reading 2010 Maryland Housing Market
2010 Arkansas Housing Market
Home sales haven’t exactly been flying in Arkansas, but sales rose in the first part of the year thanks to the home buyers’ tax credit only to slow after the expiration of the federal credit. In a state that’s been less affected by the real estate crash than most, prices on homes have still been… Continue reading 2010 Arkansas Housing Market
2010 Delaware Housing Market
Home buyers aren’t going to be in the driver’s seat for much longer in Delaware, where housing prices are strengthening as the start of just what might be a recovery gets it roots. Efforts to fight foreclosures in Delaware might be helping the housing market as bidding wars break out on some especially low priced… Continue reading 2010 Delaware Housing Market
2010 Indiana Housing Market
Buoyed by federal aid housing sales are picking up in Indiana even as home prices slide. The drop in home values is attributed to a huge volume of foreclosed properties and over supply of homes weighing on the market. High unemployment and rising job losses in construction, retail sales, agriculture and auto related industries are… Continue reading 2010 Indiana Housing Market
2010 North Carolina Housing Market
Propelled by the federal tax credit, near record low mortgage rates and lower home prices the path to recovery in North Carolina housing markets may be close to materializing. During the real estate boom North Carolina benefitted from tens of thousands of new residents moving to the state to retire, and now the “Half-backs” as… Continue reading 2010 North Carolina Housing Market
2010 Alaska Housing Market
The recessionary economy slowed housing sales and new home construction in Alaska as the housing market was protected from the bottom falling out. Major national lenders that made newly developed creative mortgages blamed for much of the housing bust weren’t made in Alaska. As a result, the state is seeing few foreclosures and is already… Continue reading 2010 Alaska Housing Market
No Bottom in Housing Market in 2010
The bottom of the housing market will not develop in 2010 in the majority of U.S. markets as a result of high unemployment, the record plague of foreclosures and tight mortgage lending standards, prolonging the downturn as the economy struggles to recover. The new assessment by Housing Predictor analysts was determined after a lengthy review… Continue reading No Bottom in Housing Market in 2010