General Real Estate

|  April 7, 2009  |
Economic recovery is about making people feel more confident, says Mark Zandi, chief economist of Moody’s Economy.com.
Zandi evidenced increasing home sales and gains in the stock market are some promising signs that the worst is over and people will start spending again.
“We’re starting to see some pent-up demand for goods,” he says.
But […]

Daily Real Estate News  |  March 27, 2009  |  

Housing experts predict that multi-family rental properties and apartments will recover fastest from the current downturn, followed by housing in cities that didn’t overbuild.
The market is likely to hit bottom in the next few months, says Bernard Markstein, senior economist and director of forecasting for the National Association of Home […]

Home prices rose 1.7 percent in January, up for the first time in 10 months, according to the Federal Housing Finance Agency, which only reports prices for conforming properties with mortgages backed by Fannie Mae and Freddie Mac.
Many analysts were skeptical about the results because the report excludes expensive homes with subprime loans and jumbo […]

For the second straight week, mortgage applications rose significantly in response to the government’s efforts to stabilize housing and the economy.
The Mortgage Bankers Association’s week index reached 1159.4, an increase of 32.2 percent on a seasonally adjusted basis from 876.9 the previous week. On an unadjusted basis, the index rose 31.4 percent and was up […]

Daily Real Estate News  |  December 4, 2008

Housing consultancy Global Insight reports that nationwide, housing prices are now 3.8 percent undervalued, based on total market value. It says values fell at a faster pace in the third quarter after stabilizing earlier in the year.
According to Global Insight’s calculations, prices are now 6.5 percent below their 2007 peak. […]