Recent headlines have created tremendous confusion regarding the foreclosure situation in the country. Let’s give an example. Which of these two headlines are accurate? Foreclosure Starts Plunge to 71-Month Low Foreclosures Increase for the First … [Read more...]
2012 Profile of Home Buyers and Sellers: Most Difficult Task for FSBO Sellers
Sellers are turning to agents to help sell their homes at higher rates than in the past – 88 percent of home sales were agent-assisted compared to 82 percent in 2004. Only nine percent of recent sellers reported selling their homes as a FSBO … [Read more...]
93% of Young Adults Plan to Buy a Home
If you follow this blog, you know that we have often posted that we believe young adults between the ages of 18-34 will be a major percentage of all buyers purchasing a home in 2013. Some believe we are overestimating the millennials’ belief in … [Read more...]
Income Growth
Economic expansion, though still sluggish, means more jobs and higher income generation. But as with many economic variables, there are distinct variations as to where the incomes are rising and not rising. The ultra-loose monetary policy has … [Read more...]
Local Market Reports: Employment Improvement
Employment is important for making a home purchase and job loss is one of the main triggers of foreclosure. Rising employment helps to build consumer confidence and to ameliorate distress among homeowners. Over the 12-month period ending in October, … [Read more...]
Local Market Reports: Unemployment Rate
The unemployment rate has fell over the 12-month period ending in September of 2011, in the majority of the 154 markets monitored by NAR Research. The largest decline occurred in Farmington, New Mexico, where the unemployment fell from 9.1% to 6.5% … [Read more...]
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