Financial News Media, Marketwatch.com, reported an interesting story today regarding the weakness of the US Housing market. Here is an excerpt.
A third of the labor market — workers and unemployed people — is worried about employment, a stat that signals continued trouble for the struggling housing market, according to Fannie Mae’s latest National Housing Survey, released this week.
“In the second quarter, 26% of Americans were worried about their job stability. When combined with the 9% of unemployed households, you have more than a third of the potential workforce worried about their employment status. This is hardly a strong support for housing demand,” said Doug Duncan, chief economist for Fannie Mae, in a news release.
At a time when unemployment remains high and fears of a double-dip recession abound, few Americans feel good about buying a home. Therefore it is obviously hard to sell a house now...
Having said that, there is always to have your house sold in a short time for a cash.
As local investors in Brooklyn, We Buy Houses in Any Condition for CASH and Close Very Quickly.
For more info, please visit our website.
Monday, September 26, 2011
Tuesday, September 20, 2011
US Homebuilders' Sentiment is Lower in September, 2011
Here is what AP (Associated Press) reported Monday, reflecting the weakness of the US Housing Market.
The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years.
Any reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, the peak of the housing boom.
Last year, the number of people who bought new homes fell to its lowest level dating back nearly a half-century. Sales this year haven't fared much better.
--- These data indicate that US Housing Market will be tougher going forward, at least 6 -10 months.
If you are in a situation where you need to sell your house, it may be hard to liquidate your house at the price you want.
However, there is always a way to sell your house fast. As local investors in Brooklyn, We Buy Houses ALL CASH and Close Super Fast. We offer competitive prices.
For more details, please visit our official website.
The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years.
Any reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, the peak of the housing boom.
Last year, the number of people who bought new homes fell to its lowest level dating back nearly a half-century. Sales this year haven't fared much better.
--- These data indicate that US Housing Market will be tougher going forward, at least 6 -10 months.
If you are in a situation where you need to sell your house, it may be hard to liquidate your house at the price you want.
However, there is always a way to sell your house fast. As local investors in Brooklyn, We Buy Houses ALL CASH and Close Super Fast. We offer competitive prices.
For more details, please visit our official website.
Thursday, September 15, 2011
Foreclosure Filings Jump 7% in August - pressing down the US Housing Market farther
The number of default notices mailed to homeowners who were behind on their mortgages soared in August to a 9-month high — the largest month-to-month increase in 4 years, according to data released by RealtyTrac Inc. on Thursday.
Foreclosure filings, which include those late-payment notices plus auction announcements and bank repossessions, rose 7% in August compared with July, hitting a total of 228,098 U.S. properties.
These foreclosure properties will be pouring into the already-battered US Housing Market. Then you know what to expect. Yes, the housing prices will fall again--- farther more.
Therefore if you are to sell your house, the time is NOW, before the price goes down more. The sooner the better, for many Economists predict that the US housing prices will never come back for another 2 years.
It's true that it is hard to sell a house right now in this depressed market. But if you want to sell your property fast, there is always a way.
As local investors in Brooklyn, We Buy Houses ALL CASH in Any Condition. Please take a look at our website for more details.
Foreclosure filings, which include those late-payment notices plus auction announcements and bank repossessions, rose 7% in August compared with July, hitting a total of 228,098 U.S. properties.
These foreclosure properties will be pouring into the already-battered US Housing Market. Then you know what to expect. Yes, the housing prices will fall again--- farther more.
Therefore if you are to sell your house, the time is NOW, before the price goes down more. The sooner the better, for many Economists predict that the US housing prices will never come back for another 2 years.
It's true that it is hard to sell a house right now in this depressed market. But if you want to sell your property fast, there is always a way.
As local investors in Brooklyn, We Buy Houses ALL CASH in Any Condition. Please take a look at our website for more details.
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