The sharp increase in layoffs and foreclosures across the nation after 2006 has weighed on the homeownership in subsequent years. Not surprisingly, the states with the sharpest declines in their homeownership rates were concentrated in those states … [Read more...]
Housing: Year End Reports Reveal Market Coming Back
Every year-end housing report revealed that the real estate market is recovering quite nicely. Here is a quick synopsis of each: Existing Home Sales Report Total existing-home sales rose 5.9 percent in November over last month Sales are 14.5 percent … [Read more...]
It’s That Time Again…
Every year I write a melancholy post looking forward and back. However, I haven’t posted here on Musings since I took the job at NAR back in July. It’s an odd place to be, this blog being my labor of love, while also inextricably tied to … [Read more...]
Distressed Real Estate Sold at 20 Percent Discount in November 2012
Based on information from the November 2012 REALTORS® Confidence Index Survey, foreclosed property sold on average at a 20 percent discount, while short sale properties sold at a 16 percent average discount. The discount to market experienced by … [Read more...]
Foot Traffic: North Shore-Barrington Association REALTORS® (Chicago, IL)
Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the North Shore-Barrington Association REALTORS® (Chicago, IL) has … [Read more...]
7 Ways to Save On Energy Costs this Winter
By Ed Michelson, HomeVestors of America Inc. Saving money on energy costs is always a good investment. With winter fast approaching, it is that time of year when families must determine how much they want to spend on energy costs. There are, however, … [Read more...]
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