Real Estate Headlines - 11 - Worthy of Attention...

Housing Boom Coming? Some experts say...

source: money.cnn.com

Noting signs of a recovery - home prices, home sales, new construction drop in foreclosures, and continuing record low interest rates - all ingredients to push a strong housing market forward.

There is a mixed view whether the recovery slow and modest, versus a strong rebound. Either way, good news. The latter, much better albeit.

Barclays Capital issued a report stating the housing market underwent a dramatic over-correction.

Foreclosures are down, 5-year low...

source: money.cnn.com

The (second) wave of foreclosures has been much less severe than expected. September filings were down 7% from August and more than 16% from on year ago reported RealtyTrac.

Fannie Mae Survey, Housing Market Strong Optimism...

source: mortgagenewsdaily.com

The optimism (about the housing market, home ownership, and the country's general economic condition) is based on the response by those Americans who responded to the Fannie Mae September National Housing Survey.

Fannie Mae polls 1,000 individuals by phone each month. 37% of the respondents expected home prices to go up a change from 11% just one year ago.

 

 

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3 Comments on Real Estate Headlines - 11 - Worthy of Attention...

OCT
15
1,979,960 Points 484 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

I wonder if foreclosures would be down as a percentage of home listings if the gross number of listings of homes for sale was computed on 2005, 2008, 2010 numbers.
7:03am • #1
234,561 Points 7 Featured Posts Outside Blog

Lenn, I did a very quick back of the napkin check. As a pertage of listings the new foeclousre filings are down from roughly 15+% of the Active listings to just under 10%. Not such a dramatic change based on this statistic.

However, in our area the inventory is down roughly 50%  from the peak and the new foreclosure filings are down 75%.
7:35am • #2
OCT
18
521,510 Points 34 Featured Posts Outside Blog Called Shot Master

Some of the information is great news. I'm still very concerned about the foreclosures that have been completed and will put a lot more proeprties on the market. Time will write the correct story.
11:04am • #3

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Bob Pisa Downing-Frye Naples Bonita Estero (Downing-Frye Realty, Inc. Naples, FL) Rainmaker_large

Bob Pisa Downing-Frye Naples Bonita Estero

Naples, FL

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Downing-Frye Realty, Inc. Naples, FL

Address: 180 9th Street South, Ste 103, Naples, FL, 34102

Office Phone: (239) 261-2244 x 589

Cell Phone: (239) 898-6865

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Bob Pisa Downing-Frye Realty

Outstanding Performance Award: 2011
Gulfshore Life Magazine Five-Star Award: 2010, 2011, 2012

Author Bio: Bob Pisa moved to the Naples area after spending 30 years in the Boston area. He was raised in the metro-NYC area and graduated from the Rochester Institute of Technology (Rochester, NY) in 1974. His career has been primarily in high-technology manufacturing and enterprise software for multi-national companies. Bob was also a successful small business entrepreneur and ultimately sold his start up business after six years of operation to a major corporation. He is the former Vice President for the Grandezza Master Homeowner's Association (two terms) and former President of the Santa Lucia Homeowner's Association (three terms.) Bob attained his real estate license in 2005, and is working in commercial and residential real estate. He is a member of Naples Area Board of Realtors®, NAR, and Florida REALTORS.



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