Home prices in the nation's largest cities fell in October for the second straight month, suggesting that prices will head down further next year and dashing hopes that the sluggish housing market was headed for an upturn.
The Standard & Poor's/Case-Shiller index, a measure closely followed by economists, showed Monday that US Housing Prices dropped in 19 of 20 cities in October from September. Overall, the price index slipped 1.2% month over month and fell 3.4% compared with October 2010.
Of course, in New York City's housing market, things are getting tougher as well. In this environment, it is hard to sell your house.
However, there is always a way to Have Your Property Sold Fast for Cash. For more info, please visit our main website.
Thursday, December 29, 2011
Saturday, December 24, 2011
As for New Home Sales, 2011 will likely be the Worst on Record
The Commerce Department says Friday that new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000.
However, that’s less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market. And It’s also below the 323,000 homes sold last year — the worst year for sales on records dating back to 1963.
With this sluggish trend of new home sales going on, the year of 2011 will likely be worst year on record.
And of course, in this environment, it is very hard to sell your house now.
However, there is always a way to sell your property for Cash Fast. For more information, please visit our main website.
However, that’s less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market. And It’s also below the 323,000 homes sold last year — the worst year for sales on records dating back to 1963.
With this sluggish trend of new home sales going on, the year of 2011 will likely be worst year on record.
And of course, in this environment, it is very hard to sell your house now.
However, there is always a way to sell your property for Cash Fast. For more information, please visit our main website.
Thursday, December 22, 2011
Existing Home Sales are still struggling --- leaving US Housing Market in Distress
Sales of previously owned U.S. homes surged in November, but revisions to data for the last four years showed the housing market recession was deeper than previously thought, NAR (National Association of Realtor)s' Data revealed today.
Sales of previously owned homes rose for the second month, to an annualized rate of 442,000 homes sold in November - an increase of 4% from October. However, the October number released last month was revised lower by 14.5% from 495K to 425K.
In a healthy market, these sales would be around 600K. So you know how much existing home sales are struggling.
On top of that, NAR lowered the average annual sales of existing homes from the year 2007 to 2010 by 14.3%. That indicates that US housing turmoil was much severe than we had expected.
And the median price of existing home was $164,200 in November, down 3.5 percent from a year ago.
Considering that, the US Housing Market is still in distress and has a long way to go. And it is hard to sell your property in these circumstances.
However, there is a way to Sell Your House for Cash FAST. For more info, please visit our main website.
Sales of previously owned homes rose for the second month, to an annualized rate of 442,000 homes sold in November - an increase of 4% from October. However, the October number released last month was revised lower by 14.5% from 495K to 425K.
In a healthy market, these sales would be around 600K. So you know how much existing home sales are struggling.
On top of that, NAR lowered the average annual sales of existing homes from the year 2007 to 2010 by 14.3%. That indicates that US housing turmoil was much severe than we had expected.
And the median price of existing home was $164,200 in November, down 3.5 percent from a year ago.
Considering that, the US Housing Market is still in distress and has a long way to go. And it is hard to sell your property in these circumstances.
However, there is a way to Sell Your House for Cash FAST. For more info, please visit our main website.
Sunday, December 18, 2011
New Foreclosure Wave is Coming, the data Says. Further Damage to US Housing Market & Prices
The U.S real estate market is about to be hit by another surge of bank repossessions (already foreclosed properties), according to a new report from RealtyTrac, an online foreclosure research site
As banks resubmit millions of documents and courts begin hearing cases again, the backlog of over four million delinquent loans will start surging through the pipeline again.
Already Foreclosure auctions reached a nine-month high in November, which corresponds to a recent surge in default notices in August.
As these foreclosure properties flood into the Housing Market, most economists expect further damage to the US Housing Market: Namely Prices decline. Therefore, it will be much harder to sell for the owners.
Yet, if you need to sell your house quickly, there is always a way to do so. For more information, please visit our main website.
As banks resubmit millions of documents and courts begin hearing cases again, the backlog of over four million delinquent loans will start surging through the pipeline again.
Already Foreclosure auctions reached a nine-month high in November, which corresponds to a recent surge in default notices in August.
As these foreclosure properties flood into the Housing Market, most economists expect further damage to the US Housing Market: Namely Prices decline. Therefore, it will be much harder to sell for the owners.
Yet, if you need to sell your house quickly, there is always a way to do so. For more information, please visit our main website.
Wednesday, December 14, 2011
The Fed insisted that US Housing Market Remain Depressed over Coming Quarters
Federal Reserve Board held the FOMC(Federal Open Market Committee) meeting today and released the statement regarding their assessment of the US economy. In the statement, they insisted that the unemployment rate is still elevated and therefore the US housing sector remain depressed.
And they also maintained that they are concerned about strains in global financial markets that continue to pose significant downside risks to the US economic outlook. That means that US housing outlook will be somewhat pessimistic over coming quarters, Fed suggested. It would be hard to have your property in the Bronx or Brooklyn NY where the foreclosures are flooding into the market.
However, if you need to sell your property fast, there is always a way to do that. Please visit our website for details.
And they also maintained that they are concerned about strains in global financial markets that continue to pose significant downside risks to the US economic outlook. That means that US housing outlook will be somewhat pessimistic over coming quarters, Fed suggested. It would be hard to have your property in the Bronx or Brooklyn NY where the foreclosures are flooding into the market.
However, if you need to sell your property fast, there is always a way to do that. Please visit our website for details.
Saturday, December 3, 2011
Sell Your House By Christmas or the Year End. We Buy Houses "As Is" All Cash
As Local Experienced Real Estate Investors, We Buy Houses in Any Condition and Situation for CASH. And we can close very quickly. In many instances within 14 days or less. We target houses in Brooklyn, the Bronx NY and the surrounding areas.
If you sign the contract with us by the second week of December, it is very likely that you can walk away with CASH Before Christmas or the End of the Year.
Handyman Specials, Fixer Uppers and Houses that need TLC(tender loving care) are our specialties.
Since we are NOT realtors, you do NOT have to pay any commission.
Please Call Our Toll Free 24 hour Recorded Message System at 1-888-282-0423. Ext. 1
For more info, please visit our main website
If you sign the contract with us by the second week of December, it is very likely that you can walk away with CASH Before Christmas or the End of the Year.
Handyman Specials, Fixer Uppers and Houses that need TLC(tender loving care) are our specialties.
Since we are NOT realtors, you do NOT have to pay any commission.
Please Call Our Toll Free 24 hour Recorded Message System at 1-888-282-0423. Ext. 1
For more info, please visit our main website
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