Ron Parks's (marinrealestate) Blog

Construction of new homes fell to the 2nd lowest level in history in March, after February saw a significant rise in new homes being built. Economists are optimistic, however, that the slide in construction of single-family homes could be close to an end. The Commerce Dept. On Thursday reported a...

Recent hopes by realtors that the housing market crisis had reached a bottom were dashed Wednesday when the S&P Case Shiller Index indicated house prices had continued to fall in January, and basically more than they had dropped in December. Some of the usual suffering suspects were Phoenix and ...

Reports this week on durable goods and new home sales added to growing economic news that demand is better than expected, pushing all thirty components of the Dow Jones Industrial Average into gains. Bank of America was the DJIA’s leader gaining ten percent. GE rose over six percent and CAT climb...