news in real estate: Hot Off The Press!! Real Estate Values: Have They Hit The Bottom? - 07/27/12 02:10 AM
US Home Values: Have They Hit Rock Bottom
Facts: For the past four months, zillow.com has picked up on trends and as of Tuesday, zillow.com declared the real estate market as having turned the corner to recovery. "After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values," said Stan Humphries, chief economist at Seattle-based Zillow, which measures home values. "The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own."
Zillow based this announcement on their measurements … (0 comments)

news in real estate: Future Predictions of the Real Estate Market - 06/27/12 03:45 AM
Predictions on Where the Real Estate Market is Going…
A majority of more than 100 economists and real estate experts say that home prices will likely bottom by 2013, according to the Zillow June 2012 Price Expectations Survey. The real estate experts surveyed predict that home prices will fall 0.4 percent this year before inching up by 1.3 percent next year. 
To support their claim, this trend has already begun to happen. The first quarter this year has brought with it a 2% drop in home prices and the expectation is that they will begin their rebound in the next quarter. … (0 comments)

news in real estate: Generation Y Becoming the Highest in Desire to Buy Real Estate - 06/04/12 01:02 AM
47% of those who are contained within the age group referred to as Generation Y have proclaimed they plan on purchasing a home within the next five years! (the average public is only at a rate of 29%) Furthermore, 10% of Generation Y say they plan on buying within the year!

It has been the trend that Generation Y members spend more when compared to other generations. Generation Y outspends others on leisure activities (hobbies, video games, electronics, sporting events, and recreational equipment). Because of this, Generation Y also has more debt to pay off compared to most. Specifically troublesome … (4 comments)

news in real estate: Highest Impact on the Housing Market in 2011 - 01/03/12 01:13 AM
Top Three Issues that impacted the real estate market:
1. The Robo-Signing Scandal
Breaking out in October 2010, the scandal accusing banks of approving numerous foreclosures without proper reviews continued into 2011. Banks were forced to slow their foreclosure processes down, making sure to take extra precautions. 2012 is predicted to bring a quickened pace of the foreclosure process.

2. Natural Disasters
Tornados, floods, and hurricanes brought an increased onslaught of insurance claims and insurance requirements. For home owners living in flood-prone areas, “you can’t get a mortgage if you don’t have flood insurance,” the Time magazine article notes.

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