The latest housing numbers don’t look good. It looks like as a whole, the housing market is seeing the dreaded “double dip”. The housing stimulus propped the market up temporarily, but it was just a ban-daid. Until the economy is really fixed the housing market won’t truly recover. Here’s the latest from the experts at [...]
This is no shock, but as a whole, US home values dropped 5.8% during 2009. They’ve likely dropped this year as well. Median housing value fell 5.8 percent in 2009, to $185,200 from $196,700 in 2008, the U.S. Census Bureau reported, according to data obtained from the American Community Survey ACS.Of 366 metro areas, Merced, [...]
If you thought the housing market was making strides towards improvement, you’re probably wrong. Experts at CoreLogic are estimating that the number of foreclosure homes will drastically increase over the next few months. This will add to already excessive inventory, and drive the prices of real estate downward. It might take nearly two years for [...]
With lower than ever interest rates, and home prices declining. Homes are about as affordable as they’ve ever been. Families that make the median income level can afford 72.5 percent of the homes for sale. The thing that confuses me though, is that even though home prices are down, and interest rates are down, the [...]
This article by the Wall Street Journal bloggers sums up the terrible housing news. It wasn’t a real shocker to me, areas like Layton Utah Real Estate saw home plunges of more than 40%, but the so called “experts” didn’t expect things to be nearly this bad. Tuesday’s grim housing numbers aren’t much of a [...]
