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.
Tuesday, September 20, 2011
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.
Friday, August 26, 2011
We Buy Houses "As Is" All Cash in Brooklyn NY & Close Very Quickly
US Housing markets continue without a pulse as new home sales came in below expectations at 298,000 in July, a 0.7% decline from a downwardly revised June measure, the Commerce Department reported Tuesday. It is not only below the market consensus forecast of 310,000, but it is the lowest level in the past 5 months.
The Existing Home Sales released last week came in at 4.67 million homes, much lower than expected, as well.
Considering the above, obviously the US Housing Market still is in distress. Therefore it is hard to sell a house right now.
In Brooklyn NY area, on the average, it takes 8-10 months to have property sold. However, there is always a way to sell your house quickly and get cash.
As local investors, We Buy Houses "As Is" All Cash and Close Very Fast. In many instances, we can close within 14 days.
For more info, please visit our website.
Please contact us for a FREE quote. 1-888-282-0423, Ext 1.
The Existing Home Sales released last week came in at 4.67 million homes, much lower than expected, as well.
Considering the above, obviously the US Housing Market still is in distress. Therefore it is hard to sell a house right now.
In Brooklyn NY area, on the average, it takes 8-10 months to have property sold. However, there is always a way to sell your house quickly and get cash.
As local investors, We Buy Houses "As Is" All Cash and Close Very Fast. In many instances, we can close within 14 days.
For more info, please visit our website.
Please contact us for a FREE quote. 1-888-282-0423, Ext 1.
Tuesday, August 23, 2011
Exisiting Home Sales Unexpectedly Declined - Suggesting Even Weaker Housing Market
Sales of previously owned U.S. homes fell in July to the lowest level this year and prices also tumbled, a sign the housing sector won't soon regain its footing.
Existing-home sales declined 3.5% from a month earlier to a seasonally adjusted annual rate of 4.67 million, the National Association of Realtors said Thursday. Economists surveyed had expected home sales to rise by 4.0% to an annual rate of 4.96 million. Therefore it is a huge negative surprise.
Also, the housing prices are NOT Doing Well, either. The median price of an existing home in July was $174,000, down 4.4% from $182,100 a year earlier.
Economists say stronger income and job growth are needed to spur home buying and reduce the large inventory of foreclosures. But there is so much uncertainty in US economy that there is no recovery in sight at least for now.
In this declining housing market, it would be hard to sell a house. For example, in Brooklyn,it would take 8-10 months, on the average to have a property sold right now.
But if you are in a situation where you need to sell your house fast, there is still a way.
For more info, please visit our website and find out details...
Existing-home sales declined 3.5% from a month earlier to a seasonally adjusted annual rate of 4.67 million, the National Association of Realtors said Thursday. Economists surveyed had expected home sales to rise by 4.0% to an annual rate of 4.96 million. Therefore it is a huge negative surprise.
Also, the housing prices are NOT Doing Well, either. The median price of an existing home in July was $174,000, down 4.4% from $182,100 a year earlier.
Economists say stronger income and job growth are needed to spur home buying and reduce the large inventory of foreclosures. But there is so much uncertainty in US economy that there is no recovery in sight at least for now.
In this declining housing market, it would be hard to sell a house. For example, in Brooklyn,it would take 8-10 months, on the average to have a property sold right now.
But if you are in a situation where you need to sell your house fast, there is still a way.
For more info, please visit our website and find out details...
Thursday, July 21, 2011
US Existing Home Hit 7 Month Low in June
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.
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.
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.
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