After Superstorm Sandy, one thing is assured: the impacted regions will rebuild, create jobs, and become stronger. That has always been the American way. The U.S. housing market peaked in 2005 and then started to fall steeply. However, New Orleans … [Read more...]
Distressed Sales at Twenty-four Percent of Market
Based on information from the latest REALTORS® Confidence Index survey, 24 percent of respondents reported selling distressed property (foreclosed and short sales), down substantially from what had been the case a year or two ago. Cash sales … [Read more...]
Would You Buy a ‘Haunted’ House? 32% of Buyers Say They Would!
By Melissa Dittmann Tracey, REALTOR® Magazine Haunted houses must not be too spooky because 32 percent of potential home buyers say they’d buy a haunted house or a home with suspected paranormal activity, according to a new Realtor.com survey. While … [Read more...]
Think Positively!!
For the part of the country impacted by Sandy, be safe amd smart. For the rest of the country, be thankful and patient. … [Read more...]
Latest GDP Surprise
Third quarter economic activity grew at 2.0 percent, which is decent but still subpar compared to the historical norm. Gross Domestic Product (GDP) generally grows by three percent on average and should be growing closer to four to five percent … [Read more...]
Home Prices Projected to Increase By 3 Percent in Forthcoming Year
Recently released research data project rising residential prices in 2013. The October 2012 Economic Survey by the Wall Street Journal panel of economists forecasted home prices as increasing at an annual rate of 3.25 percent in the forthcoming year. … [Read more...]
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