Obama noted that the era of buying homes with low down payments is over and although there are some pockets of positive activity in housing, and advised that for some people it may be smarter to rent.
via AgentGenius.
Apr 21
Decreasing prices amid rising demand seems to defy the traditional laws of economics, said real estate agent Josh Thompson.
via floridatoday.com.
Mar 21
Vacant homes are literally everywhere and almost no state has been immune to the crisis. Bill McBride over at Calculated Risk posted the data tables from the 2010 Census (so far).
via biggerpockets .
Mar 12
1. Then: Don’t buy now, home values have further to fall.
Now: It’s a fool’s errand trying to time the bottom. Economists don’t even agree on when the bottom will occur, so the average person probably won’t be able to time it perfectly. While it’s true that home values have further to fall in many areas this year, interest rates will likely rise, offsetting any savings that may come from lower home values.
via Zillow Blog
Feb 27
The number of first-time buyers fell last month to the lowest percentage in nearly two years, while all-cash deals have doubled and now account for one-third of sales.
via Connecticut Post.
Feb 27
Two-thirds of Americans still see a home purchase as a safe investment, but that’s down from 83 percent in 2003, according to a study by Fannie Mae.
via The News Tribune.
Feb 27
According to RealtyTrac.com’s 2010 Year-End Foreclosure Sales Report, nearly 26 percent of all homes sold during the year were foreclosures
via Agentgenius
Feb 26
A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point.
via Calculated Risk
