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2010
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http://codyburnett.wordpress.com/2010/05/14/foreclosures-govt-action-and-the-recovery/ Economist Dean Baker, co-director of the Center for Economic and Policy Research, says federal programs have led to an artificial stabilization in the market. In order to deal with the glut of distressed proper...
05/18/2010
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According to The Department of Commerce's April report on new residential construction, (http://www.census.gov/const/newresconst_201004.pdf) housing starts jumped 40.9 percent from last year and 5.8 percent above the month before. Ian Shepherdson, chief U.S. economist at High Frequency Economics,...
05/18/2010
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The housing market's current mix of ups and downs has experts and industry insiders forecasting a variety of possible outcomes over the next few months and beyond. The shadow inventory looms large among many factors influencing whether the recent stretch of stability continues or the market takes...
05/17/2010
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The number of homes for sale in 27 major metropolitan areas was up 2.6 percent in April from a month earlier, according to ZipRealty. The figures, which cover all single-family homes, condominiums, and town houses listed for sale, showed April's inventory down 9.6 percent from a year ago but does...
05/06/2010
In the final week of the home buyer tax credit, demand for loan applications jumped 13 percent to a seven-month high. According to The Mortgage Bankers Association's Weekly Applications Survey (http://www.mbaa.org/NewsandMedia/PressCenter/72721.htm), purchase applications were up for the third co...
05/05/2010
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According to The National Association of Realtors' Pending Home Sales Index (http://www.realtor.org/press_room/news_releases/2010/05/phs_upswing), sales agreements for previously occupied homes rose 5.3 percent to 102.9 from 97.7 in February. It's the highest level since October and 21.1 percent ...
05/04/2010
For months, analysts and industry experts have debated how the expiration of the tax credit will effect the housing market. But, according to a recent survey conducted by Prudential Real Estate and Relocation Services (http://www.reuters.com/article/idUSN279816420100428), consumers are optimistic...
05/04/2010
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Cody Burnett
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