Wednesday, May 07, 2008
Existing Home Sales Down in March
the National Association of Realtors reports that "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, edged down 1.0 percent to 83.0 from a downwardly revised level of 83.8 in February, and was 20.1 percent lower than the March 2007 index of 103.9."
To read more, including opinions on the future of the real estate market, go here: National Association of Realtors
the National Association of Realtors reports that "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, edged down 1.0 percent to 83.0 from a downwardly revised level of 83.8 in February, and was 20.1 percent lower than the March 2007 index of 103.9."
To read more, including opinions on the future of the real estate market, go here: National Association of Realtors
Labels: existing homes, home sales, National Association of Realtors, real estate
Wednesday, April 30, 2008
Feds lower its key interest rate by 1/4%
The Federal Open Market Committee cut the federal funds rate by 25 basis points It now stands at 2%. The last time it was at this level was 2004*.
To read the press release: Federal Reserve Board Press Release
What is the Fed funds rate? Read here
*To see what has happened to the Fed funds rate since 1990, go here
The Federal Open Market Committee cut the federal funds rate by 25 basis points It now stands at 2%. The last time it was at this level was 2004*.
To read the press release: Federal Reserve Board Press Release
What is the Fed funds rate? Read here
*To see what has happened to the Fed funds rate since 1990, go here
Labels: Fed funds rate, Federal Reserve, FOMC, real estate
Tuesday, April 29, 2008
Foreclosures UP in First Quarter of 2008
RealtyTrac® reports that "...foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 649,917 properties during the first quarter, a 23 percent increase from the previous quarter and a 112 percent increase from the first quarter of 2007. The report also shows that one in every 194 U.S. households received a foreclosure filing during the quarter."
To read more: RealtyTrac®
RealtyTrac® reports that "...foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 649,917 properties during the first quarter, a 23 percent increase from the previous quarter and a 112 percent increase from the first quarter of 2007. The report also shows that one in every 194 U.S. households received a foreclosure filing during the quarter."
To read more: RealtyTrac®
Labels: foreclosures, real estate
Tuesday, April 22, 2008
Existing Home Sales Down
The National Association of Realtors® reports that "Existing-home sales – including single-family, townhomes, condominiums and co-ops – were down 2.0 percent to a seasonally adjusted annual rate (1) of 4.93 million units in March from a level of 5.03 million in February, and remain 19.3 percent below the 6.11 million-unit pace in March 2007. A rise in condo sales in March was offset by a drop in single-family sales. Regionally, sales rose in the Northeast and West but fell in the Midwest and South."
To read more: National Association of Realtors®
The National Association of Realtors® reports that "Existing-home sales – including single-family, townhomes, condominiums and co-ops – were down 2.0 percent to a seasonally adjusted annual rate (1) of 4.93 million units in March from a level of 5.03 million in February, and remain 19.3 percent below the 6.11 million-unit pace in March 2007. A rise in condo sales in March was offset by a drop in single-family sales. Regionally, sales rose in the Northeast and West but fell in the Midwest and South."
To read more: National Association of Realtors®
Labels: home sales, National Association of Realtors, real estate
Wednesday, April 16, 2008
Home Starts Fall in March
The Commerce Department reports that home starts were down in March. "The home starts pace was the lowest since a 921,000 rate set in March 1991."
To read more: Home Starts March
The Commerce Department reports that home starts were down in March. "The home starts pace was the lowest since a 921,000 rate set in March 1991."
To read more: Home Starts March
Labels: housing starts, real estate
Friday, April 11, 2008
Green real estate
Our interest in "green" real estate will lead us to bring you information on the environmental side of real estate.
Today's information is a database:
Database for State Incentives for Renewables & Efficiency that describes itself as "DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency."
Our interest in "green" real estate will lead us to bring you information on the environmental side of real estate.
Today's information is a database:
Database for State Incentives for Renewables & Efficiency that describes itself as "DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency."
Labels: green building, green real estate, green resources, real estate
Tuesday, April 08, 2008
National Association of Realtors Predicts
The National Association of Realtors ("NAR") forecasts that "Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year."
Further, "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, slipped 1.9 percent to 84.6 from an upwardly revised reading of 86.2 in January, and was 21.4 percent lower than the February 2007 index of 107.6."
To read more: National Association of Realtors
The National Association of Realtors ("NAR") forecasts that "Little change is expected in existing-home sales over the next few months, before improving notably during the second half of the year."
Further, "The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, slipped 1.9 percent to 84.6 from an upwardly revised reading of 86.2 in January, and was 21.4 percent lower than the February 2007 index of 107.6."
To read more: National Association of Realtors
Labels: home sales, National Association of Realtors, real estate
