The median price on existing home sales fell in most of the 150 metropolitan areas in the third quarter this year(from July to September 2011), reported the NAR (National Association of Realtors) Wednesday.
Home prices on single-family homes declined in 111 of the 150 metro areas surveyed.
The national median existing single-family home price hit $169,500 in the third quarter, which fell by 4.7% from the same period in 2010.
In the meantime, Foreclosure activities picked up in October 2011.
There were 230,678 default notices, scheduled auctions or bank repossessions on U.S. properties in October, a 7.4% increase from September.
In addition, First-time default notices were filed for 77,733 U.S. properties in October, a 10% increase from September.
In this environment, it is very hard to have your property sold. However, there is always a way to sell it for ALL CASH. For more info, click here.
Thursday, November 10, 2011
Wednesday, October 26, 2011
Prices of New Homes Are Down in September, more than 10% from a year ago
Sales of new homes rose for the first time in five months during September, but prices continued dropping, according to fresh data released Wednesday by the Commerce Department.
Sales climbed by 5.7% on a monthly basis to a seasonally adjusted annual rate of 313,000.
While sales increased, the median price in September for a new home fell to $204,400,— the lowest since October 2010. This is down 10.4% from a year earlier. Though falling prices make property more affordable, the downward trend tends to discourage would-be buyers, who wait for a better deal, which may pressure the weak US housing market even to go down further.
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Sales climbed by 5.7% on a monthly basis to a seasonally adjusted annual rate of 313,000.
While sales increased, the median price in September for a new home fell to $204,400,— the lowest since October 2010. This is down 10.4% from a year earlier. Though falling prices make property more affordable, the downward trend tends to discourage would-be buyers, who wait for a better deal, which may pressure the weak US housing market even to go down further.
However, Still You Can Sell Your House for Cash Super Fast. Here is more details...
Thursday, October 20, 2011
US Existing Home Sales Fell Again in September...
Sales of existing homes fell in September, suggesting that the US Housing market continues to be suffering from consumer pessimism and the high unemployment above 9 percent.
Purchases in September dropped 3.0 percent to a 4.91 million annual rate, reported the National Association of Realtors.
The median price dropped 3.5 percent from a year ago levels to $165,400.
In addition, the cancellation rate was still high as 18% of real-estate agents reported at least one.
Considering the above, many economists believe that the US Housing market will NOT come back until the end of 2012 or possible later.
Still You Can Sell Your House for Cash Fast. Learn More.
Purchases in September dropped 3.0 percent to a 4.91 million annual rate, reported the National Association of Realtors.
The median price dropped 3.5 percent from a year ago levels to $165,400.
In addition, the cancellation rate was still high as 18% of real-estate agents reported at least one.
Considering the above, many economists believe that the US Housing market will NOT come back until the end of 2012 or possible later.
Still You Can Sell Your House for Cash Fast. Learn More.
Thursday, October 13, 2011
Foreclosures Continue to Plague the US Housing Market including NYC
The number of U.S. homes that received a first-time default notice during the July to September quarter increased 14% from the second quarter, said RealtyTrac, an online real estate research firm, Thursday.
That increase signals banks are moving more aggressively now against borrowers who have fallen behind on their mortgage payments than before.
The surge in default notices means homeowners who haven't kept up their mortgage payments could now end up on the foreclosure path sooner.
In all, 195,878 properties received a default notice in the third quarter.
And also, Nationwide, foreclosure filings totaled 610,337 in the third quarter, which increased from the second quarter, said RealtyTrac.
These properties will eventually get into the market and will put so much pressure on the prices going forward, which will definitely delay the recovery of the US Housing Market.
Still you can sell your property Fast for Cash. Learn More
That increase signals banks are moving more aggressively now against borrowers who have fallen behind on their mortgage payments than before.
The surge in default notices means homeowners who haven't kept up their mortgage payments could now end up on the foreclosure path sooner.
In all, 195,878 properties received a default notice in the third quarter.
And also, Nationwide, foreclosure filings totaled 610,337 in the third quarter, which increased from the second quarter, said RealtyTrac.
These properties will eventually get into the market and will put so much pressure on the prices going forward, which will definitely delay the recovery of the US Housing Market.
Still you can sell your property Fast for Cash. Learn More
Saturday, October 1, 2011
Housing Prices will remain depressed for half a generation
Housing prices will NOT climb back to 2007 levels before 2020. That's the belief of a majority of bankers in FICO's latest quarterly survey of bank risk.
The survey shows that bankers expect delinquencies on consumer loans to rise, underwriting standards to become stricter and the housing sector to continue struggling far into the future.
"Housing has been an enormous drag on the economy for over three years as U.S. households lost trillions of dollars in equity," said Andrew Jennings, FICO's chief analytics officer. "Many bankers clearly believe prices will remain depressed for half a generation."
If you are in a situation where you must sell your house NOW, it's normal that you cannot have it sold for a long time. Because pretty much nobody wants to buy one now.
However, there is always a way to sell your house quickly.
For more info, please visit our website.
The survey shows that bankers expect delinquencies on consumer loans to rise, underwriting standards to become stricter and the housing sector to continue struggling far into the future.
"Housing has been an enormous drag on the economy for over three years as U.S. households lost trillions of dollars in equity," said Andrew Jennings, FICO's chief analytics officer. "Many bankers clearly believe prices will remain depressed for half a generation."
If you are in a situation where you must sell your house NOW, it's normal that you cannot have it sold for a long time. Because pretty much nobody wants to buy one now.
However, there is always a way to sell your house quickly.
For more info, please visit our website.
Monday, September 26, 2011
Hard to Sell a House as nobody wants to buy one right now in the US
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.
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.
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.
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