What are housing markets doing around the country?

Mortgage and Lending with JBerman Group

It's always a good idea for real estate professionals to spend a little time each week browsing the state of real estate in other parts of the country. It helps shape your own personal views on where things have been and where they might be going.

A few links that caught my eye this morning...



Things are selling but prices are easing down from 12 months ago. Personally, I think it's going to take 3% 30 year fixed rates for at least half a year to get this housing market really moving.

Have a great week folks. Interest rates inched up last week. This Monday morning is starting off with a slight improvement but we have a way to go to get back to the record lows seen two weeks ago.

We'll post an economic report tomorrow. As always if you have any questions, give us a holler at 970.455.4131. ~ JB

Comments (2)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Every market area will have its challenges. 6 out of the states I do mortgages, show firming values, the other two, not so much.

Oct 17, 2011 05:22 AM
Jason Berman
JBerman Group - Frisco, CO
Summit Countynulls Mortgage Guy

On the short-end <6mos. it seems like vales are indeed "firming". Year over Year though is still showing significant declines in areas where Real Estate has typically been very strong, Seattle, SF, Hawaii. Thanks for the comments Joe.


Oct 17, 2011 06:21 AM