real estate market: Will Surge In Mortgage Applications Boost Home Sales? - 03/28/08 10:13 PM
U.S. mortgage applications surged recently, but whether the rise in applications results in increased home sales is uncertain.
I found this comment by Dan Pierce, a portfolio manager at State Street Global Advisors in Boston, in a Reuters article about existing home sales.
"We saw a nice surge in mortgage applications in … (2 comments)
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real estate market: Should We Believe The Pundits? - 11/26/07 07:31 AM
I received the following from a mortgage professional at Wells Fargo on Wednesday.Tracking the Track RecordWhat the ‘Experts’ Say about Housing Prices
“The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline.”- Time Magazine 1947
“Houses cost too much for … (3 comments)
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real estate market: A Glimmer of Hope in Massachusetts - 08/27/07 09:41 PM
The housing market offered a glimmer of hope to those praying for a rebound in home sales in the Bay State.
The Massachusetts Association of REALTORS® (MAR) reported August 20, 2007 that the number of single-family homes sold in July was up 6.0 percent compared to the same time last year, … (0 comments)
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real estate market: Massachusetts Ranks 9th in Foreclosure Filings, NH 34th - 08/27/07 09:38 PM
According to RealtyTrac, Inc., Massachusetts ranks 9th in the country in foreclosures filings.
Massachusetts saw a month-to-month increase of 48.64 percent in July 2007.
New Hampshire ranks 34th and actually saw a decline in foreclosures in July 2007 compared to June 2007. On a month-to-month basis, foreclosure filings in the … (2 comments)
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real estate market: U.S. New Home Sales See Surprise Gain, But Prices Down - 08/27/07 09:37 PM
According to Commerce Department data, sales of new homes in the United States rose 2.8 percent in July, CNN Money reported August 24, 2007.
Prices were down 3.4 percent in July compared to July 2006.
"Even with the unexpected rise, the pace of sales only looked good by comparison to very weak … (1 comments)
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real estate market: Foreclosure Pain Is Widespread - 08/27/07 09:32 PM
Foreclosures across the United States rose 93 percent in July compared to July 2006 and increased 9 percent compared to June 2007, the Houston Chronicle reported August 21, 2007.
"There were 179,599 foreclosure filings reported during July, up from 92,845 during the same period a year ago, Irvine-based RealtyTrac, Inc. said today. … (0 comments)
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real estate market: Nobody Told The Big Apple About The Housing Slump - 08/27/07 09:31 PM
While many, but not all, of the country's real estate markets struggle, apparently no one has informed the folks in New York City.
The real estate market in the Big Apple is full-steam ahead with no end in sight. But will it end? And when it does will is crash hard? Only … (0 comments)
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real estate market: Existing Home Sales, Prices Decline Again - 08/27/07 09:23 PM
Existing home sales across America have declined for the fifth straight month in July and home prices have dropped for a record 12th straight month, USA Today reported August 27, 2007. The National Association of REALTORS provided the data, which indicated a 0.2 percent drop in home sales compared to June … (2 comments)
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real estate market: NAR Predicts Slower Sales, Prices Steady - 08/11/07 04:57 PM
How is the real estate market where you are?
USA Today reported August 8, 2007 that existing-home sales in the U.S. should hit a pace of 6.04 million units this year, down from the 6.11 million units the National Association of REALTORS (NAR) predicted last month.
The NAR trimmed its sales forecast … (1 comments)
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real estate market: U.S. Pending Home Sales Rise, First Time Since February - 08/11/07 07:49 AM
Reuters reported August 1, 2007 that U.S. pending home sales in June rose five percent, welcome news for a real estate market that has had little to cheer about lately.
"Pending sales of previously owned U.S. homes rose at their fastest pace in more than three years in June, a real estate … (3 comments)
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real estate market: U.S. Home Construction Permits Fall - 08/04/07 09:15 AM
U.S. home construction rose 2.3 percent in June, but the number of pulled building permits, an indicator of future construction, fell 7.5 percent, Fox News reported July 18, 2007.
Permit activity dropped to its lowest level in 10 years, signaling more weakness in home construction across the U.S.Read This Article
Search … (1 comments)
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real estate market: Wilmington, MA Real Estate Market Report - 08/04/07 08:25 AM
During the first six months of the year, the median price for a single-family home in Wilmington, Massachusetts has declined 9 percent compared to the same period in 2006, according to data I researched using the MLS Property Information Network, Inc.
Median Sales Price for Single-family Home in Wilmington, … (0 comments)
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real estate market: U.S. Home Sales Decline, Markets Vary - 08/04/07 07:32 AM
The National Association of REALTORS (NAR) reported July 25, 2007 that total existing home sales in the U.S., including single-family, condominium, townhouse and co-op homes, fell 3.8 percent compared to May 2007 and dropped 11.4 percent compared to June 2006. Total housing inventory fell 4.2 percent at the end of … (0 comments)
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real estate market: Westford, MA Real Estate Market Report - 08/04/07 07:28 AM
Using sales data from the MLS Property Information Network, Inc, I performed some single-family market research for some buyers looking at single-family homes in Westford, Massachusetts. Days on the Market for Single-family Homes in Westford, MA:
Comparing June 2006 with June 2007, the average number of days on the market … (0 comments)
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real estate market: Massachusetts Home Sales Decline, Prices Fall - 08/04/07 07:14 AM
The Massachusetts Association of REALTORS® (MAR) reported on its Web site July 23, 2007 that the number of single-family homes and condominiums sold in the first six months of the year in Massachusetts were down 1.4 percent compared to Q1 and Q2 in 2006.
Sales of single-family homes in June 2007 … (0 comments)
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