Tag Archive | "residential real estate"

Housing Double-Dip Possible in the United States?

Despite the recent positive outlook given to the United States, the latest data indicates that home prices once again decreased nationwide. The most recent decrease brought housing prices to levels that hadn’t been seen in the last decade.

Despite the disheartening news of yet another decline, some economists are still relatively upbeat about the market. These economists are citing the fact that the most recent decline was not nearly as significant as those that most recently came before it.

Those economists believe that the market is, indeed, likely to hit rock bottom in the coming months, and that recovery will begin soon after that moment. Despite that optimism, many have become disenchanted with the idea of recovery, as it has lost any momentum it had gained in the last month or two. Europe’s unstable situation also has made investors worried enough to keep a cautious eye on the potential impact of the situation.

Cities such as Atlanta, Chicago and New York all hit new lows during the latest quarterly report. Only three cities in total posted declines in home values from one year ago: Atlanta, Detroit, and Chicago. On the other hand, the following cities posted gains over last year’s numbers: Phoenix, Miami, Detroit, Dallas, Charlotte, and Denver.

With some cities experiencing strong gains, it is becoming evident that the market is recovering in patches. In certain areas, the market is rapidly regaining strength. On the other hand, it is still struggling to stay afloat in other areas. The areas that are performing well in the current market are those that were hit the hardest during the housing crisis.

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Housing Market Showing Signs of Growth in Spring Months

Economists believe that this year’s Spring season in the residential real estate market may be the strongest it has been since the housing crash six years ago. With depressed prices all around the country, record-low mortgage rates, and the strong possibility that the market is finally on the path to recovery, many potential homeowners are starting to take advantages.

The number of total housing sales is up by more than ten percent from one year ago. Many believe that the market may finish the year up by more than fifteen percent. Many areas are finally starting to see bidding wars take place on homes. Sales inventory levels are down, as homes are selling at a far more rapid rate than they have in the past.

For the first time in six years, there are more buyers than sellers. It is for that reason that residential real estate prices are starting to increase. Despite the bidding wars, prices are still only a fraction of what they were at the peak of the housing bubble seven years ago.

Even areas that were hit particularly hard by the recession are reporting positive, albeit small, growth in their real estate market.

While increasing housing prices are a good sign of recovery, one of the most significant signs is the dwindling supply. The number of homes in inventory nationwide has dropped by a nine-month supply to a six-month supply in the last year. As the number of available homes decreases, sales prices will increase and the market will show positive growth.

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A New Down Coming for Residential Real Estate Market

A New Down Coming for Residential Real Estate Market

There’s a new hope for the residential real estate market which has been going through a tough session.  This new hope is being announced by Adama, the foremost real estate firm.  Asher Las, the Marketing and Sales VP at the Adama firm had a chat with Business Review on the current situation and the new plans underway for the Romanian market.

According to Asher, the real estate market is currently showing signs of improvement.  It’s actually a good moment for anybody to invest without any fear of incurring losses.    Currently, investors are now paying cash at the First Home program to buy properties. Banks are now more willing to offer mortgages than before.  This is indeed a welcome development in the real estate business.

Again, the fact that the elections are near is also helping matters.  It means more real  cash for the real estate market since lots of  money will be  coming up for the pre-election season.

Adama’s spokesman, Asher says that prices will not decrease especially for properties in good locations.  He also expects a massive increase by the time 2011 is over.  Prices of properties are sure to be better that what it was in the previous years.  Adama itself as a real estate firm is also doing well in the wake of the new developments in the real estate market.  Asher makes this known as he continues his chat with Business Review.  He says investors are sure to benefit more as the real estate market turns around for better deals.

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