housing trends: The Credit Crunch Could Continue Through 2010 - 07/20/08 06:09 PM
Banks Will Lead the Recovery
The lenders will have to regain their footing before the housing markets can really recover. If the lender wont or cant lend money to a willing buyer, then regardless of demand or favorable price there will be fewer deals. I think the big banks and
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housing trends: Housing Inventory - Trend Analysis Tells The Tale - 07/09/08 02:50 PM
You might want to check out our Tallahassee Real Estate Inventory Update again. Every thirty days, I add another long-term trend chart with the goal of eventually having a 365-day trend chart. As you can tell, we just added the 120-day trend graph. Our goal is to monitor as many trends
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housing trends: Maryland AAA Reports Traveling Is "Fizzling" - Could this Help Our Industry? - 07/01/08 07:32 PM
The Maryland AAA reports that traveling is on the decrease due to the increase in fuel prices and many people are opting not to travel this 4th of July holiday.
This cutback in traveling will find property owners spending more leisure time in their
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housing trends: Is the Mainstream Media Talking UP the Housing Market? - 06/24/08 06:36 AM
Every now and then I goof off a little and tune into CNBC to watch a little bt of what's going on in the world of money...or, at least, the financial markets. For the longest time. Diane Olick of CNBC has been talking down the housing market. If you wanted to
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housing trends: Redfin: "Don't Ask a Real Estate Agent How the Market Is." - 06/14/08 05:58 PM
So, good ol' RedFin shows they have no idea about Real Estate Once Again.
Here is a clip from their news article:
"Here’s the thing: Sure, there are some agents who are clear-eyed about what’s going on and will tell you how it really is. But a better source of information
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housing trends: NEW HOUSING TREND - 05/21/08 10:59 PM
During the explosive years of real estate we found that clients wanted bigger and bigger homes with lots and lots of square footage, higher ceilings, multiple floors, two or three living areas, several fireplaces, (gas of course). Well those homes are still out there and there they are still in great demand. Don't get me wrong
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housing trends: Radio interviews about housing prices - 05/07/08 11:11 AM
I spent 6 hours today (from 3am until 9am my time!) doing radio interviews about house prices around the country – Columbus, Akron, Tampa, Pittsburgh, New York, Portland, Grand Rapids, Boston, Denver and several others. Here are some observations: While nationwide homeprices are down 8% y-o-y, there are obviously huge
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housing trends: Home prices continue to slide - 05/06/08 11:22 AM
Zillow released our Q1 Home Value Report today -- a comprehensive look at what's happening to house prices nationwide. And it's grim. Here are some highlights (or lowlights): - nationwide, home prices declined 8% year-over-year, the 5th quarter in a row of declining prices and the
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housing trends: Conference Call on Housing Prices, 5/6 @ 11am PT - 05/06/08 12:17 AM
Zillow released our Q1 Home Value report tonight. I'll blog about the findings tomorrow when I have time, but I wanted to give you a heads up that our head of analytics (Dr. Stan Humphries) is hosting a conference call tomorrow @ 11am PDT to discuss the findings. If you're a
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housing trends: The internet's impact on the housing downturn - 04/21/08 11:09 PM
Obviously there are many more online resources available to buyers, sellers, homeowners and agents now than at any time in history. These tools have proliferated rapidly -- it's hard to believe, but only a few years ago homeowners couldn't get home valuations; sellers had to rely solely on the MLS to
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housing trends: March Market Update: Massachusetts North Shore Housing Trends - 03/08/08 02:28 PM
In January of 2007, I wrote a blog entitled "Knowing Exactly When the Market will Change" that received many comments, replies and supportive feedback. In that blog, I stated that it is my belief that as soon as we have 3 consecutive months when more inventory is going off (under contract)
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housing trends: PBA: A Source for Housing Trends and Data - 02/11/08 05:56 PM
The Pennsylvania Builders Association (PBA), the PA state advocate for the home builders, provides information on their web site for housing trends, summary data and statistics. For example, Housing trends and data - provides links to information highlights for use in publications or reports.PBA reports single-family building permits filed by county - The U.S. Census Bureau provides monthly reports on
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housing trends: Let's Talk Numbers, Queen Creek AZ - 01/18/08 09:44 AM
I've been checking historical stats for the month of January. Mainly because we were in the recent bubble and boy, did it burst. Many of my friends and neighbors are upside down in their homes. Buying at the peak and are riddled with buyers remorse. They come to me, "did you see that spec home
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housing trends: Real Estate Housing Trends for 2008 - 01/11/08 11:37 AM
I found an interesting report on What Buyer's Want & Don't Want in 2008, written by real estate expert and author Mark Nash. Among his list were some significant trends, which I wanted to further elaborate on. What's In: Buyer's Rule: With an overwhelming amount of inventory in the housing market, buyers have the
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housing trends: Increasing Foreclosures - 12/18/07 03:44 PM
In July the amount of foreclosure fillings were up 93 percent compared to July 2006, and 9 percent from just the previous month. In Nevada, there was one filing for every 199 households, making Nevada the state with the highest foreclosure rate with the majority of these filings happened in Clark
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housing trends: Housing market expected to Rebound in 2008 - 12/11/07 12:39 AM
The National Association of Realtors expects that existing home sales will rise to nearly 6.4 million in 2008, which is up 6.1 million from the 2007 estimate. As for new homes, sales are projected to be at 865,000 homes sold in 2007, and 878,000 sold in 2008. More than 1.4 million
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housing trends: Home sales up, but prices down - 12/11/07 12:37 AM
The Commerce Department has reported that sales of new single-family homes was up 16.2% in April, a far larger amount than the 0.2% that was expected. This is the biggest monthly increase percentage wise in the last 14 year. However, due to the fact that builders have been slashing prices in
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housing trends: Mortgage Brokers fail to close 1/3 of their purchase loans for the month of August. - 12/11/07 12:27 AM
In August, an estimated 33% of loans which were originated by mortgage brokers failed to close, and 57% of their customers were unable to refinance. The major reasons for these canceled transactions were due to home buyers and homeowners having sub prime credit. Sub prime homeowners found they could no longer
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housing trends: Bank of America's Monthly Real Estate Survey - 11/29/07 07:58 PM
Bank of America's stock market research team which covers the housing industry puts out a fantastic monthly research report in which they share the results of a survey of 2400 Realtors from around the country. They ask about buyer traffic trends, price changes, selling incentives, and other issues. They analyze the
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housing trends: Frustrations with underwriters - an appraiser's perspective - 10/29/07 10:38 AM
Okay, this has got to be one of my biggest pet peeves in appraising. I spend time on my reports, I don't churn and burn appraisals. I do my research, look at the sale statistics, find the best comps and put meaningful data into my reports. In the neighborhood section of the report
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housing trends: 5 Hot New Housing Trends - 10/12/07 04:59 PM
Some of the latest trends in homebuilding and remodeling weren't hard to predict. Is anyone surprised that Americans, already living in monster homes, want even bigger ones? But there were some developments industry professionals, including myself never saw coming. Here’s a few that are really hot right now: Upscale garages: Who knew that these
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housing trends: Real Estate News From Inman - First Hand Homeowner Stories on Their Upside Down Ownership Experiences - 09/10/07 04:09 PM
Many of us read Inman on line. They just started a three part series highlighting stories from actual homeowners who are upside down and facing foreclosures. The first part was very insightful, covering several different homeowners: one who lives in her property and finds herself upside down because of the market and
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housing trends: Can Someone Seriously Explain to Me How Prices Were Allowed to Skyrocket? - 08/12/07 06:40 PM
Reading Lenn Harley's amazingly 'on point' post today got me thinking about something that keeps churning in my brain. If prices on homes should be $300,000, how in blazes did they get to $500k and $600k in the time it takes to eat a cookie? I'm really serious about this. What do
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housing trends: Burbank Real Estate Market Report – July 2007 - 08/02/07 02:57 PM
As we enter the end of the summer selling season (try to say that three times real fast!) it is clear that the effects of tighter lending guidelines, higher interest rates, and increasing inventory are slowly but surely putting pressure on pricing and home values. If you just monitor the Market Index
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housing trends: Universal Design Homes Just Might Help You Keep Your Independence So You Don't Have to Move to Florida - 07/19/07 02:02 PM
No offense to Florida, really. It's a great State! But Clevelanders are 'sticky.' It's one of those high tech terms for those who own a website; we want our websites to be sticky meaning people visit our sites and then browse for more than a few seconds. Well, that's how I view
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housing trends: What Percent of Asking Price are Sellers Getting For Their Homes? - 05/12/07 08:43 PM
Traditionally, Northeast Ohio was fairly regular, no prunes needed. Agents could quote the fact that historically, Sellers could expect to get within 3% of their Ask Price for their home. Then we could explain that to get on the higher end of these statistics the home should be in tip top
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housing trends: Walnut Creek Market Update - 04/11/07 11:26 PM
Take a look at how are market is doing and see the trends for yourself. Things on the street are improving and you'll see that our sold and pending numbers have trended upwards for March, the number of months of inventory on the market is trending downward. Will the trends continue
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housing trends: Are Granite Countertops So Yesterday? - 03/25/07 10:13 PM
So I discovered msn.com's real estate section today for the first time. Maybe I'm a tad late to the party on this one. Anyway, they had an article about trends that work and don't work if you are planning on putting your house on the market. I'm re - printing them
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housing trends: Housing Trends : Builder Show Highlights Green Building & Urban Living - 02/17/07 12:29 PM
Builders' show targets trends TheStar.com - Athome - Builders' show targets trendsGreen living, boomers featured at U.S. showcasehttp://www.thestar.com/printArticle/181990February 17, 2007Tracy HanesToronto StarORLANDO, FLA.–Baby boomers are dominating the housing market, the green movement is gaining huge momentum and urban living is enjoying a renaissance.Those were some of the primary trends identified at
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housing trends: Housing Trends of the Future.... and Will Buyers Like It? Will We Like It? - 10/18/06 08:57 PM
That's my Manager Mark, with one of my colleagues Chris. We opened our City Office last January and the space is a cool, long, narrow urban design, replete with the original tin ceiling. It's a creative atmosphere within which to work. Mark is as geeky about searching out books on homes
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housing trends: Denver Builders Realign Inventory - 07/24/06 11:38 PM
The Denver Post reported yesterday that MDC Holdings, which operates as Richmond American, saw a decrease in new home orders from 594 in the second quarter of 2005 to just 291 in the second quarter of this year. As a result, MDC Holdings plans to reduce its inventory of lots, maintaining
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