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housing recovery: Home Sales Rise, Housing Recovery in Sight - 12/29/11 02:34 PM
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought.
The private trade group says sales rose 4 percent last month to a seasonally adjusted annual rate of 4.42 million. That's below the roughly 6 million sales a year that economists say are consistent with a healthy housing market. But it's ahead of 2008's revised sales, now considered the worst in 13 years.
The nearly 4.2 million homes sold last year … (0 comments)
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housing recovery: Good News For Real Estate - Architects Are Finding Work - 11/06/10 08:34 AM
After reaching record lows during the recession, the American Institute of Architect’s Architecture Billings Index has finally crossed over into positive territory, suggesting architects are finally getting back to work. This Billing Index is a measure of how much their members are billing and gauges the relative health of the architecture industry, with a score of 50 or above indicating growth. Some economists say it can be one of the more effective ways to measure recovery, because it measures commercial construction before it even starts and tends to lead construction by nine to 12 months.
Granted, the Billing index has been bobbing around … (0 comments)
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housing recovery: Real Estate Outlook Mixed - 10/28/09 10:32 PM
Depending on which news channel you turn to these days, you'll hear good news, and bad news, about the real estate outlook.
Probably the most upbeat forecast of all the real estate news circulating these days comes from the country's top group of forecasters, the National Association of Business Economists, which has a great track record in predicting trends and market turns. After its latest survey of members released recently, the association said the following: "The good news is that the deep and long recession appears to be over, and with improving credit markets, the U.S. economy can return to solid … (0 comments)
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housing recovery: Housing Recovery: Greenspan Speaks Out - 10/29/08 10:49 AM
According to an article he wrote recently for Emerging Markets magazine, former Federal Reserve Chairman Alan Greenspan says he sees the U.S. housing market will begin to recover in the first half of 2009.
Greenspan wrote that the recent slowing in the rate of decline in U.S. home prices is the first positive note in the year-long trauma and that eventually, frozen credit markets will thaw "as frightened investors take tentative steps toward reengagement with risk."
He wrote, "More conclusive signs of pending home price stability are likely to become visible in the first half of 2009. Once the housing market … (2 comments)
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