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Metro Denver Home Sales up Year over Year
14 hours ago ago from Colorado Real Estate Investing
Metro Denver's housing market showed its first year-over-year improvement in 11 months, as the number of homes sold in November surged 23 percent over the same month in 2008, data released Tuesday showed. At least part of the increase was attributed to a rush by buyers to take advantage of the $8,000 federal tax credit for first-time homebuyers, originally set to expire at the end of November but later extended through the spring. ...
Related contentGays turn to DIY projects in economic downturn
18 minutes ago ago from baskito
In the economic downturn that has seen a drop in home sales, gay and lesbian homeowners are increasingly turning to home improvement projects rather than moving. A new national study has found that gay couples plan to spend 50 percent more on home improvement projects than non-gay couples over the next 12 months. These study was undertaken by the Chicago-based, online research agency, Socratic Technologies and Target 10, a gay and lesbian ...
Related contentOn equity “cushions” and negative equity
9 hours ago ago from The Market Guardian | Monitoring The Financial World
The Mess That Greenspan Made A report last month indicating that almost 25 percent of all borrowers now owe more on their mortgage than their homes are worth punctuated one of the more dramatic turn of events in the ongoing credit crisis and housing bubble aftermath. Twenty five percent! It seems those home equity that Federal Reserve economists used to talk proudly about just a few years ago have all but vanished, giving rise to ...
Related contentForeclosed Home Volume Boost Property Sales in the South
6 hours ago ago from The Orlando 10 - Top Ten Lists of the Best Restaurants, Businesses, Services, and Everything Else You Can Imagine in Orlando, FL
Southern states experienced a surge in its home sales activity last month because of large volumes of foreclosed home, low interest rates, affordable prices and first-time homebuyers who took advantage of the $8,000 federal tax credit. Last month’s home sales increase was the first sign of market growth for over three years, according to industry experts. For the given month, home sales rose by 0.5 percent after consecutive drop of 8 ...
Related contentHousing Inventory Shrinks in November, Expected to Rise in 2010 : Move Trends Real Estate Blog - The Leader in Online Real Estate : Move Trends Real Estate Blog
13 hours ago ago from Move Trends Real Estate Blog - The Leader in Online Real Estate : Move Trends Real Estate Blog
At the end of November, the number of homes available for sale in 27 major metropolitan areas dropped 2.4 percent when compared to the previous month, and was also down 28 percent from the previous year, according to ZipRealty Inc., a real estate brokerage firm Emeryville, California. A report by the Wall Street Journal indicates that November typically sees a modest decline in inventory, with an average decrease of 1.8 percent over the past ...
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Home values plummet $500 billion
19 hours ago ago from CNN Money
The average home price is forecast to plummet over the next two years. But these 7 cities are predicted to post gains. Mortgage Rates 30 yr fixed mtg 4.97% 15 yr fixed mtg 4.55% 30 yr fixed jumbo mtg 5.85% 5/1 ARM 4.15% 5/1 jumbo ARM 4.70% Find personalized rates: Rates provided by Bankrate.com. NEW YORK ...
Related contentHome Values Fall By $489 Billion In U.S., Show Slowing Decline: Zillow
10 hours ago ago from Huffington Post
A note to homeowners: the calamitous decline in your home's value during the last year may be slowing. In a new report, the real estate data website Zillow spotlights some tentative bright spots in an otherwise bleak real estate landscape. According to Zillow's figures, total home values in the U.S. declined by $489 billion in the first 11 months of the year. That marks an 87-percent decline from the $3.6 trillion loss of value that ...
Related contentSolar power coming to a store near you
2 hours ago ago from PopEater
NEW YORK -Solar technology is going where it has never gone before: onto the shelves at retail stores where do-it-yourselfers can now plunk a panel into a shopping cart and bring it home to install. Lowe's has begun stocking solar panels at its California stores and plans to roll them out across the country next year. This shows how far the highest of the high-tech alternative energy technologies has come. Solar power is now accessible to ...
Related contentHousing outlook for 2010
17 hours ago ago from CNN Money
Moody's Economy.com compiles an annual forecast for home prices based on national and local indicators in 100 U.S. metropolitan areas. Only one market -- Pittsburgh -- is expected to turn positive in 2010. See table below for details. With economic uncertainty near an all-time high, we sought the advice of some of the smartest market watchers we know. More Quick Vote Which type ...
Related contentLower-Priced Home Sales Spark Optimism
15 hours ago ago from Rented Spaces
A single mom saddled with a hefty mortgage of $1200 a month, Susan Perry put her three-bedroom home on the real estate market in Miami knowing it was going to be a tough sell, or so she thought. Perry and her ex initially listed the home in south Miami-Dade County at $315,000 earlier this year, but were forced to lower it to $250,000 when no one stopped to take a peek. When the price changed, so did buyer interest. After two failed ...
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