Flat Existing-Home Sales Likely Before Gradual Recovery WASHINGTON, March 06, 2008 – The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors®. […]
Foreclosures Dip But Remain High
Daily Real Estate News | March 13, 2008 Foreclosures in February were down 4 percent from January, but the rate of foreclosures remain high year-over-year. The February rate was up 57 percent from February 2007. “The year-over-year increase this February was significantly higher than the 19 percent year-over-year increase in February 2007, indicating we have […]
Housing Market Ready to Rebound?
Daily Real Estate News | February 25, 2008 Is housing about to enjoy a spring thaw or will it remain in the deep freeze? Some observers are optimistic. “I think this is the best buyer’s market that has existed in a decade, maybe longer,” says Russell Shaw, in his 30th year with John Hall & […]
Don’t Fear Falling Prices
Daily Real Estate News | February 22, 2008 Source: Reuters News, Lynn Adler (02/21/08) Yale Professor Robert Shiller, whose Case-Shiller 20-city home price index has become an industry standard, says people shouldn’t fear gradually falling home prices. “There’s nothing troubling about a gradual correction of home prices. If we keep our incomes at the current […]
Not All Markets Are Equal
by Lawrence Yun, NAR Chief Economist Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission Though the national headlines have been pounding out the news of a housing market meltdown, implosion, and collapse, all markets are not equal. In NAR’s latest metro price survey, roughly half of the country experienced a price increase. Upstate […]
The truth about whether a home is a good investment.
From Blanche Evans Realty Times 2008. It’s high time we told buyers (and sellers, for that matter) the truth about whether a home is a good investment. Despite what Wall Street wants you to believe, owning a home isn’t the same kind of investment as stocks or bonds. What you get is a USE asset […]
Housing Stocks Become Hot Item
Investors who bought housing stocks at the beginning of the year after two and a half years of steep declines are being rewarded for their prescience. As the Federal Reserve started cutting interest rates, the stocks of home builders Toll Brothers, Lennar, and Hovnanian rose 40 percent, 52 percent, and 96 percent respectively. Some analysts […]
States, Insurers at Odds Over Rising Rates
Florida’s persistent battle with insurers over rates and coverage is spreading to other states and could have an affect on insurance customers nationwide. New York, which prevented insurers from forcing residents to buy car and homeowners insurance from the same company in order to avoid cancellation, now wants to order insurers to set aside their […]
“What Did it Sell For?” South County, St. Louis
What Did it Sell For in Lindbergh, Mehlville, Oakville, Affton? LINDBERGH 1-2 BEDROOMS 96xx Green Park Rd……………………………………..$81,000 2xx Monica……………………………………………………$83,900 1xx Deane……………………………………………………$84,000 1xx Deane Ct………………………………………………..$84,900 2xx Floralea………………………………………………….$85,000 2xx Floralea………………………………………………….$85,000 8xx Ligget Ave………………………………………………$100,000 100xx Baptist Church Rd………………………………$140,000 9xx Elmont Ln……………………………………………….$146,000 9xx Ligget Ave………………………………………………$160,000 87xx Pardee Ln……………………………………………..$165,000 7x Flamingo Dr…………………………………………….$175,000 99xx Knollshire Dr…………………………………………$175,000 107xx Charrette Dr………………………………………..$181,500