Sales of existing homes slipped in June to a seven-month low, the National Association of Realtors reported yesterday. Sales of single-family existing homes fell 0.8 percent, the third consecutive monthly drop, to a seasonally adjusted annual rate of 4.77 million from 4.81 million in May.
Compared with June 2010, sales fell 8.8 percent.
The real estate trade group attributed the surprise downturn to a weak economy and a spike in cancellations.The cancellation rate rose to 16 percent in June from 4 percent in May.
As housing sales are decreasing, it puts a downward pressure on housing prices. That means it's hard to sell and takes a long time to have your house sold.
However, if you need to sell your property now, there is a way to have it sold fast. For more information, please visit our website.
Thursday, July 21, 2011
Wednesday, June 29, 2011
US Housing Princes Keep Falling in April, compared to one year ago.
US Home Prices haven't stopped falling.
According to the widely watched S&P/Case-Shiller home price index released on Tuesday, home prices in 20 cities fell 4 percent year-over-year in April, which is the biggest drop since November 2009.
Economists cautioned that home prices will likely continue to crawl along at low levels, and could fall further, as the battered housing market works through a slew of headwinds like foreclosures that are depressing prices and weak demand due to low consumer confidence.
But if you find yourself in a situation where you need to sell your house right away, you could still do that. Please visit our website and see more details.
According to the widely watched S&P/Case-Shiller home price index released on Tuesday, home prices in 20 cities fell 4 percent year-over-year in April, which is the biggest drop since November 2009.
Economists cautioned that home prices will likely continue to crawl along at low levels, and could fall further, as the battered housing market works through a slew of headwinds like foreclosures that are depressing prices and weak demand due to low consumer confidence.
But if you find yourself in a situation where you need to sell your house right away, you could still do that. Please visit our website and see more details.
Thursday, June 2, 2011
It's Official. A Double Dip is happening in the US Housing Market!
Tuesday’s release of the March S&P/Case-Shiller price index showed a drop of 3.6%, which was the largest year-to-year decline since November 2009. The decline in national home prices back to 2002 levels has many discussing a double-dip recession in housing. Sentiment on housing has also gotten worse, as 54% of Americans do not think housing will bottom until 2014.
Even with mortgage rates as low as they've been all year, the combination of a stagnant employment market and a steady stream of foreclosures was blamed for the poor result.
According to S&P, in New York, property value went down 5.3% compared to one year ago.
If you would like to get some tips to Sell Your House Super Fast for Cash, please visit our website.
Even with mortgage rates as low as they've been all year, the combination of a stagnant employment market and a steady stream of foreclosures was blamed for the poor result.
According to S&P, in New York, property value went down 5.3% compared to one year ago.
In this depressed housing market, many people are having a really hard time selling their properties. It is NOT uncommon that it takes 8-10 months before one can sell his/her house.
If you would like to get some tips to Sell Your House Super Fast for Cash, please visit our website.
Thursday, May 26, 2011
Housing Prices Fell 4.6% in the 1st Quarter, 2011
The median price of homes sold in the U.S. in the first three months of this year was 4.6% lower than in the first quarter of 2010, according to NAR, the National Association of Realtors' quarterly survey.
Prices have declined in 118 of the 152 metropolitan areas (78 percent of them) included in NAR report.
The Northeast experienced a decline of 5%, with a median price of $234,100.
Considering the above, things don't bode well for the five boroughs (Brooklyn, the Bronx, Queens, Manhattan, S. I) in NYC.
In this environment, it would be much harder to sell a house.
However, there is always a way. If you are having a hard time selling your house or if you need to sell it fast, please visit our website.
Prices have declined in 118 of the 152 metropolitan areas (78 percent of them) included in NAR report.
The Northeast experienced a decline of 5%, with a median price of $234,100.
Considering the above, things don't bode well for the five boroughs (Brooklyn, the Bronx, Queens, Manhattan, S. I) in NYC.
In this environment, it would be much harder to sell a house.
However, there is always a way. If you are having a hard time selling your house or if you need to sell it fast, please visit our website.
US Housing Prices Still Keep Falling, FHFA says
In the first quarter, home prices were down 2.5%, the largest quarterly decline since late 2008. Home prices have declined 5.5% compared with the first quarter of 2010, The Federal Housing Finance Agency (FHFA), says.
This is because deeply-discounted foreclosed properties are flooding into the market, raising the inventory level.
According to FHFA, in New York State, the housing price has fallen 3.1% in the first quarter since the same time in 2010.
Obviously, we are having a hard time in New York City locally as well.
If you need to sell your house in this environment, most likely it would be very tough. You can list your house with a realtor, but it may take 8-10 months to have it sold.
However, if you really must sell very quickly, there is always a way.
For more details, please visit our website.
This is because deeply-discounted foreclosed properties are flooding into the market, raising the inventory level.
According to FHFA, in New York State, the housing price has fallen 3.1% in the first quarter since the same time in 2010.
Obviously, we are having a hard time in New York City locally as well.
If you need to sell your house in this environment, most likely it would be very tough. You can list your house with a realtor, but it may take 8-10 months to have it sold.
However, if you really must sell very quickly, there is always a way.
For more details, please visit our website.
Thursday, May 5, 2011
It's Official. House Prices Have Double Dipped Nationwide!!!
It's official. CNBC reported today that home prices have double dipped nationwide, now lower than their March 2009 trough, citing a new report from Clear Capital.
A surge in sales of foreclosed properties and a big push by banks to facilitate short sales would force home prices down dramatically.
Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 percent quarterly and 5 percent year-over-year. National home prices have fallen 11.5 percent in the past nine months, a rate not seen since 2008.
Talking about NYC (Brooklyn and Bronx), of course we have the same situation: declining housing prices.
In this downturn housing market, if you need to sell your house fast, you may have a hard time.
But there is always a way.
For more information, please visit our website.
A surge in sales of foreclosed properties and a big push by banks to facilitate short sales would force home prices down dramatically.
Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 percent quarterly and 5 percent year-over-year. National home prices have fallen 11.5 percent in the past nine months, a rate not seen since 2008.
Talking about NYC (Brooklyn and Bronx), of course we have the same situation: declining housing prices.
In this downturn housing market, if you need to sell your house fast, you may have a hard time.
But there is always a way.
For more information, please visit our website.
Sunday, May 1, 2011
We Buy Houses in Any Condition for $CASH in the Bronx and Brooklyn
"Can I Sell My House Fast? in this depressed market?" you may be wondering right now, if you are considering selling it.
Yes, in this market where so many foreclosures are putting down the housing prices, it may be hard to sell your house.
But there is always a way. As local investors, We Buy Houses in the Bronx and Brooklyn for $CASH. And we can close within 14 days or even less, in many instances. We can help.
If you are in some form of distress and going through a divorce, bankruptcy, job-loss or sickness or having tax / mechanics lien, facing foreclosure and relocation, being a tired landlord, please contact us. We can provide a fast solution to your real estate Challenge.
Please visit our website for more information.
Yes, in this market where so many foreclosures are putting down the housing prices, it may be hard to sell your house.
But there is always a way. As local investors, We Buy Houses in the Bronx and Brooklyn for $CASH. And we can close within 14 days or even less, in many instances. We can help.
If you are in some form of distress and going through a divorce, bankruptcy, job-loss or sickness or having tax / mechanics lien, facing foreclosure and relocation, being a tired landlord, please contact us. We can provide a fast solution to your real estate Challenge.
Please visit our website for more information.
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