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Blog entries tagged with "house prices":
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An article on the Bloomberg website, one of a few that I check daily, had some interesting information regarding the trends nationally in regards to foreclosures. The article shows facts that foreclosures are the highest they have been in nearly 30 years. 
I was talking to a potential client from Toronto, about house prices in the Hamilton area, and how there are still some great deals to be had in the Hamilton area. His response was that in Toronto, all his friends were calling Hamilton the "new" Burlington. That although Burlington prices were … (2 comments)
Well...after a dry spell of little to no great deals with equity, it's raining deals galore!
For those wondering which direction the market is headed, here is an area in Carlsbad that seems to be headed in the right direction. Part of the reason is this area does not contain many newer homes, so either local builders are not slashing prices and bringing down the values, or … (0 comments)
Global Insight, the world’s leading company for economic and financial analysis and forecasting, released the first quarter 2008 update of the U.S. housing valuation analysis, House Prices in America, showing that single-family home prices fell for the third straight period, dropping at a steep 6.7 % annualized rate. Nationwide, 262 housing … (0 comments)
I read an interesting article this morning in the Economist titled "Unhappy America". In fact, it was the cover story. Eight out of ten Americans think our country is headed in the wrong direction. George Bush has approval ratings lower than Nixon at his worst. House prices are falling, gas prices … (0 comments)
There is a BIG PICTURE concept that seems to be lost on the media. Home prices will go up significantly in 2009.
Conditions in the Canadian housing market remain “favorable,” with overall prices rising and few signs of excess supply, Sheryl Kennedy, deputy governor of the Bank of Canada, said in a speech on Monday.
U.S. house prices are declining at an amazing pace and are down almost 18% from their July 2006 peak according to a recently released information. The housing market shows few signs of hitting bottom. Inventories remain high and analysts say new-home construction is likely to fall further before the market is back … (3 comments)
As I put together the final pieces for this month's newsletter, I do so with a heavy and saddened heart. I have just returned from the funeral of an acquaintance, business and a former Canmore Rotarian, Bob Schott. Bob passed away last week at the young age of 56. Cancer took … (0 comments)
Until recently, when someone requested a home, it was always 3 bedrooms / 2 baths...Oh, you know the rest. But, recently I've been noticing more and more of clients calling and asking me to exclude certain homes from their list, as they won't even consider looking at them.
According to Statistics Canada, new housing prices increased at their slowest pace in more than two and a half years.
LOWER THE PRICE LATER
It is typical that a Seller wants as much as possible for his house when he sells it; don't we all. Frequently the Seller wants more than is reasonable in the particular market. This applies whether it is a Buyers' or a Sellers' market. If it is … (0 comments)
The S&P/Case-Shiller Home Price Indices were released this morning. I have reviewed the data and the news is not very good. The U.S. national index was developed to measure the changing price in home values in particular markets across the U.S. This report is a 3 month average with a 2 month lag. 
Frustrated selling in a buyers market? Understandable emotion. Perhaps a more closer look at the weekly stats, and market place numbers and comparing them from 2006 to now will help.
I've been waiting for this report to come out since the 4th quarter report was released back in January. Today, the OFHEO (Office of Housing Enterprise Oversight) released its quarterly house price index. Now, this indexs differs a bit from the Case/Shiller index you probably hear about on the news. The … (0 comments)
I have posted the most recent statistics for the entire Metro Charlotte North Carolina Area. As you can see Charlotte still has a very good market, as compared to others across the country, & homes are still being bought & sold. There was a recent report by Forbes.com that ranked Charlotte # … (0 comments)
I have been doing some research on the residential home sales in our county and found some interesting results. These numbers compare Jan 1-Mar 31 2007 (1st qtr) to Jan 1-Mar 31, 2008. Here is what I found.
It's true! Kitchen's have become the IN room. Even more so today buyers will say the updated kitchen is the most important aspect in a house.
With all the media would have us believe the sky is falling, I like to stick to the numbers. Real estate is a very region specific market, and not everywhere has fallen off the map. Seattle remains one of the hottest markets in the country. The chart bellow shows home prices over … (0 comments)
The Week in Review
Here is a five-year market study of the housing prices in Oak Ridge, Tennessee for houses that are less than 999 square feet and 2-BR, 1BA. Let me know if you have a house less than 999 square feet, 3+BR, 1BA square feet that you want SOLD in the Oak Ridge … (1 comments)
Sellers' market conditions across Canada continue, but the trend is moving towards more balanced markets, according to the recently released Canada Mortgage and Housing Report "Housing Now" January 2008 
Well today I'm going to write about something that has been getting a lot of attention in the blogs, forums and the dinner tables. There has been a lot of recent debate recently about National Association of Realtors campaign "It's A Great Time To Buy Real Estate". Well in my personal … (5 comments)
These days radio and television are filled with stories of the downturn in the United States Real Estate Markets and many think that this crisis will tumble across the border into Canada. There may be market corrections in some pockets of Canada, particularly in the East and in higher end, over priced homes … (2 comments)
In an article published the day after Christmas in the Austin American Statesman showed that Austin is one of the top markets for buying undervalued real estate. This is compared to the rest of the country where many markets are overvalued with their home prices. Investors should take note that Austin … (0 comments)
As a broker of over 50 agents in 12 different counties, I am exposed to many different local markets and aware of their fluctuating prices in Northern California.To answer the questions upfront, yes, the real estate market is in a general state of decline and may continue this trend (according to … (2 comments)
While I make no claims to be an economist, I felt I had to post this article on CT housing sales. It's based on a recent Warren Group report, and is nicely boiled down by local journalist Rob Varnon of the Connecticut Post. What I found interesting was that while the … (3 comments)
Running with my Altadore buddies Rob and David on Tueday morning, David began telling stories about the bungalow being moved on his street, 49th Ave.
Hovnanian Enterprises, a luxury home builder, reported that its losses are "bigger than it had previously expected"...and guess why? "The subprime mortgage crises."http://www.reuters.com/article/gc06/idUSN0426931520070504?src=050407_1317_FEATURES_subprime_mortgage_troubleThe losses it's suffering are significant. "The company expects a loss of 45 cents to 50 cents per share for the quarter, ended April 30"Looks like the subprime market … (0 comments)
OK, it's been a while since the media grabbed onto the notion of a "real estate bubble," and there have been quite a lot of gloom-and-doom articles floating around in the media ever since. But I'm wondering exactly where this is, and how many markets it is affecting. Is your local market … (2 comments)
TREB Members reported 6,772 sales in February, an increase over February 2006 (6,756 sales) and the second best total for this month ever recorded, TREB President Dorothy Mason announced today. "While the weather last month may have been cold, Toronto's resale housing market remained hot," noted Ms. Mason. "And while it … (1 comments)
Provided By Robert B. McArtor, REALTOR / Auctioneer http://www.MarylandsHomeTeam.com/ 1-877-421-SOLD Abingdon Community Info Income &house prices CrimeStatistics Year home was built Household income Travel time to work Communitylinks … (0 comments)