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Category Archives: Real Estate Market
The second house in the top of the most expensive homes is situated in Palm Beach, Florida. This $74 million mega-house boldly pursues an extravagant level corresponding only to its proletariat-maddening encouragement: the French chateau.
In states where work places are in more quantities and workers are required home economic systems are doing much better than the greatest part of America and many real estate markets are meeting growth of home prices.
North Dakota nowadays gives the fourth biggest amount of oil in the nation, and together with Alaska and some Texas markets are witnessing an increase of home prices.
During the first quarter of 2011 the average price of a sold Honolulu home was approximately $580,000, as the latest data from the National Association of Realtors report shows. That fact provides Honolulu the noticeable honor of being the nation’s most expensive housing market.
In a movement to manage up new home sales, the nation’s largest luxury homebuilder that was publicly traded, now is giving away vacations to draw purchasers. Toll Brothers is expected to pay up to $4,000 in vacation lodgings to visit one of its four new home districts in Florida.
Chief economist for Grubb & Ellis Bob Bach runs into one of the ventures when bringing together his report “Good News Friday” every week is that from time to time the news isn’t very good. He can’t pay no attention to the irritated elephant in the living room sometimes.
An index of U.S. commercial real estate prices fell to a cyclical low in March that was down 47 percent from the peak in October 2007. So why should investors be happy?
The Moody’s/REAL National All Property Price Index measures price changes on completed sales of apartment, office, industrial and retail properties. A 4.2 percent decline in the index since February stems in part from a surge in transaction volume among distressed properties, which accounted for more than 30 percent of March sales.
The mortgage delinquency picture is getting brighter, according to an industry report released Thursday, with falling delinquency rates indicating the housing crisis may be at the beginning of its end.
A quarterly release from the Mortgage Bankers Association revealed that mortgage payment problems eased during the first three months of 2011 for every category of default.
Despite new home builder sentiment in the industry being remarkably low, new home construction is in the early stages of recovery. The latest National Association of Home Builders confidence index was 16 in May. A reading under 50 indicates poor sentiment.
New home construction tumbled in April, the government said Tuesday, as the nation’s housing market remains weak.
The number of new homes being built, housing starts, dropped 10.6 percent in April to an annual rate of 523,000 units, down from a revised 585,000 in March, the Commerce Department said.
Homebuilder confidence remained flat in May, as tight credit and a glut of distressed properties on the market continue to deflate expectations.
The National Association of Home Builders/Wells Fargo Housing Market Index, which gauges homebuilder confidence on three criteria – current home sales, projected sales in six months and prospective homebuyer foot-traffic – came in at the low score of 16 in May. The index has remained at 16 for six of the past seven months.