Is the Boston condo market softening?
The Boston condo market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Foreclosure News
The Boston condo market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Foreclosure News
Owning a home was once a time-honored life milestone. Buying real estate was simply what you did as an adult in America, and for many people Homeownership was the ultimate indicator of life success and social status. Foreclosure News
This Aug. 14, 2007, file photo shows a sign of a house under foreclosure in Antioch, Calif. As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. Foreclosure News
A report says that ten years after the financial crisis a two-tiered housing market still exists in Cleveland, one of the hardest hit cities. The report from the Western Reserve Land Conservancy says even as regional house prices return to their pre-collapse highs before 2008, longtime homeowners and residents in poor, largely minority communities are […]
There's been a lot of talk lately about a shift from seller's market to buyer's market, what with home price gains beginning to moderate somewhat and mortgage interest rates on the rise . But it seems this has been more speculation than reality, with home price gains still quite high and pricing relief for would-be […]
Expectations weren't particularly high for a solid July report on home purchase contracts, but today's report from the National Association of Realtors didn't meet even those . NAR's Pending Home Sales Index came in at 106.2, down from an upwardly revised 107.0 in June, a decline of 0.7 percent. Foreclosure News
What's in store for the future? Markets should slow down; however, this is due in part to insufficient supply and swiftly rising home prices instead of weak buyer demand. Yun predicts existing-home sales will drop 1 percent to 5.46 million in 2018 . Foreclosure News
“We're hearing things from our real estate agents that we haven't heard in three years about homebuyers stepping back from high prices,” said Redfin CEO Glenn Kelman on the real estate firm's second quarter earnings call this month. What's eating the housing market, in the midst of what otherwise looks like upbeat growth? In part, […]
A newspaper investigation has found that property speculation is causing dysfunction in Detroit's housing market and leading to blight and instability in neighborhoods. University of Michigan-Dearborn Assistant Professor Joshua Akers documents Detroit property speculation on his website Property Praxis. Foreclosure News
The latest housing market report released by the Greater Las Vegas Association of Realtors looks a lot like the summer weather in Southern Nevada, with local home prices continuing to heat up from last year at this time while the housing supply stayed desert dry. The latest housing market report released by the Greater Las […]