Home Construction Tumbled in January, the latest sign of cooling in the housing market.
U.S. housing starts fell 16% last month to a seasonally adjusted annual rate of 880,000, the lowest level since September, the Commerce Department said Wednesday. That was down from December rate of 1.05 million new homes built, marking the largest month-over-month decline since February 2011.
In addition, Building Permits, a sign of future construction, fell 5.4% to a seasonally adjusted annual rate of 937,000 last month from December.
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Winter weather likely dragged down the numbers in January but many economists think that there are other factors: US Housing Market is still weak and recovery is stalling.
In this situation, it is still to have your house sold Quickly.
However, there is always a way to Sell Your House Quickly. As a local cash buyer in Brooklyn NY, We Buy Houses in Any Condition & Situation for Cash and Close Quickly. For more info, please visit our main website at WeBuyHousesBrooklyn4Cash.com
Thursday, February 20, 2014
Wednesday, February 19, 2014
Home Builder's Confidence Plunged in February -- Housing Market Still in the Woods
Sentiment among the nation's home builders fell dramatically in February. Home Builder Confidence fell 10 points, according to the National Association of Home Builders' monthly sentiment index, from 56 to 46—the largest drop in the history of the survey, which started in 1985.
Fifty is the line between positive and negative sentiment. The index has not been below 50 since May.
All 3 components of the measure dipped in February. The measure gauging current sales conditions fell 11 points to 51, the component gauging sales expectations over the next six months fell six points to 54, and the component measuring buyer traffic dropped nine points to 31.
"Significant weather conditions across most of the country led to a decline in buyer traffic last month," said the association's chairman.
However, rising interest rate and uncertainties of Job market also have affected the confidence.
In this housing market, it is still hard to Sell Your House. Especially in local Brooklyn NY areas where a lot of foreclosure properties exist.
However, there is always a way to have your house sold quickly. As local Brooklyn Cash Investors, We Buy Houses "As Is" All CASH. We are looking for houses to buy in Bushwick, Bedstuy, Cypress Hills and the surrounding areas in Brooklyn.
For more details, please visit our main website from here (WeBuyHousesBrooklyn4Cash.com)
Fifty is the line between positive and negative sentiment. The index has not been below 50 since May.
All 3 components of the measure dipped in February. The measure gauging current sales conditions fell 11 points to 51, the component gauging sales expectations over the next six months fell six points to 54, and the component measuring buyer traffic dropped nine points to 31.
"Significant weather conditions across most of the country led to a decline in buyer traffic last month," said the association's chairman.
However, rising interest rate and uncertainties of Job market also have affected the confidence.
In this housing market, it is still hard to Sell Your House. Especially in local Brooklyn NY areas where a lot of foreclosure properties exist.
However, there is always a way to have your house sold quickly. As local Brooklyn Cash Investors, We Buy Houses "As Is" All CASH. We are looking for houses to buy in Bushwick, Bedstuy, Cypress Hills and the surrounding areas in Brooklyn.
For more details, please visit our main website from here (WeBuyHousesBrooklyn4Cash.com)
Wednesday, February 12, 2014
US Housing Market Slowed Down in the 4th Quarter
US Housing Market is NOT out of the woods yet.
According to Wall Street Journal yesterday, "Many of U.S. real-estate markets started to cool in last year's fourth quarter as higher interest rates and sticker shock (Prices!) pushed some buyers to the sidelines.
Overall, the median price of an existing home rose 10.1% in the fourth quarter to $196,900 from a year earlier, according to data released by the National Association of Realtor. In the third quarter the median price rose 12.5%.
Obviously it slowed down. And as economists predict, interest rates will surge from now on. That would mean a big headwind for the US Housing Market.
In this current condition, it IS still hard to Sell Your House Quickly.
However, there is always a way to Have Your House Sold for CASH quickly As local CASH BUYER in Brooklyn, We Buy Houses in Any Condition & Situation. Please visit our main website for more details.
According to Wall Street Journal yesterday, "Many of U.S. real-estate markets started to cool in last year's fourth quarter as higher interest rates and sticker shock (Prices!) pushed some buyers to the sidelines.
Overall, the median price of an existing home rose 10.1% in the fourth quarter to $196,900 from a year earlier, according to data released by the National Association of Realtor. In the third quarter the median price rose 12.5%.
Obviously it slowed down. And as economists predict, interest rates will surge from now on. That would mean a big headwind for the US Housing Market.
In this current condition, it IS still hard to Sell Your House Quickly.
However, there is always a way to Have Your House Sold for CASH quickly As local CASH BUYER in Brooklyn, We Buy Houses in Any Condition & Situation. Please visit our main website for more details.
Friday, January 31, 2014
Pending Sales of U.S. Existing Homes Slump Most Since 2010
Contracts to purchase previously owned homes in the U.S. plunged in December by the most since May 2010 as higher borrowing costs and bad weather held back sales.
A gauge of pending home sales slumped 8.7 percent after a revised 0.3 percent drop in November, the National Association of Realtors said Thursday in Washington.
Tight inventory and unusually cold weather discouraged prospective buyers, according to the group.
This number shows that the US Housing Market is NOT out of the woods yet, still bumpy roads are expected ahead.
In this environment, it is still hard to sell your house quickly.
However, there is always a way to Sell Your Hour House for Cash Fast. As Cash Investors in the local Bronx, NY, We Buy Houses in Any Condition & Situation for CASH. For more information, please see details in our main website at WeBuyHousesBronx4Cash.com
A gauge of pending home sales slumped 8.7 percent after a revised 0.3 percent drop in November, the National Association of Realtors said Thursday in Washington.
Tight inventory and unusually cold weather discouraged prospective buyers, according to the group.
This number shows that the US Housing Market is NOT out of the woods yet, still bumpy roads are expected ahead.
In this environment, it is still hard to sell your house quickly.
However, there is always a way to Sell Your Hour House for Cash Fast. As Cash Investors in the local Bronx, NY, We Buy Houses in Any Condition & Situation for CASH. For more information, please see details in our main website at WeBuyHousesBronx4Cash.com
Monday, December 30, 2013
US Housing Market Fluctuates, not steady yet….
New-home sales slipped 2.1% in November, the Census Bureau said last Tuesday.
Builders sold homes at a seasonally adjusted annual rate of 464,000 last month, down slightly from October's 474,000.
Since the Federal Reserve began signaling in May that it would reduce its monetary stimulus, 30-year mortgage rates have climbed to 4.47% from 3.51%. That's one of the reasons that the US housing market has been stalling.
In this environment, it's still hard to sell your house quickly.
However, there is always a way to Sell Your House Quickly for CASH. We Buy Houses in Any Condition & Situation Quickly for CASH. Please see details on our main website.
Builders sold homes at a seasonally adjusted annual rate of 464,000 last month, down slightly from October's 474,000.
Since the Federal Reserve began signaling in May that it would reduce its monetary stimulus, 30-year mortgage rates have climbed to 4.47% from 3.51%. That's one of the reasons that the US housing market has been stalling.
In this environment, it's still hard to sell your house quickly.
However, there is always a way to Sell Your House Quickly for CASH. We Buy Houses in Any Condition & Situation Quickly for CASH. Please see details on our main website.
Friday, November 29, 2013
Housing Recovery is NOT guaranteed in Brooklyn NY
The Pending Home sales, the number of contracts Americans signed to buy existing homes, unexpectedly fell 0.6% in October for a 5th consecutive month due to higher borrowing costs that are denting the real-estate recovery, the National Association of Realtors said this week.
Economists were expecting 1% growth. So it is way below the estimates. This suggests that many people cannot qualify for mortgages due to the higher interests rate. As rates are surely going to go up in the next few months because of the Fed tightening, things are likely to get worse.
That would be another blow to the local Brooklyn housing market. Then, it would be very hard to sell your house in the near future.
However, there is always a way to Sell Your House Fast. We are Cash Investors and Buy Houses As Is All CASH throughout Brooklyn and the Bronx, NY. We don't use banks. please contact us and receive our cash offer within 2 business days. For more into, please go to our main website:
Economists were expecting 1% growth. So it is way below the estimates. This suggests that many people cannot qualify for mortgages due to the higher interests rate. As rates are surely going to go up in the next few months because of the Fed tightening, things are likely to get worse.
That would be another blow to the local Brooklyn housing market. Then, it would be very hard to sell your house in the near future.
However, there is always a way to Sell Your House Fast. We are Cash Investors and Buy Houses As Is All CASH throughout Brooklyn and the Bronx, NY. We don't use banks. please contact us and receive our cash offer within 2 business days. For more into, please go to our main website:
Sunday, April 14, 2013
Foreclosures are rising dramatically in New York City in March, 2013
Foreclosures are rising dramatically in New York City.
In New York City, foreclosure filings in March vaulted by 150 percent,which is the biggest percentage increase in 12 months, according to the foreclosure-information firm RealtyTrac.
Foreclosures have been rising for six months straight in Brooklyn and 11 months in a row in Queens. Staten Island continues to have the highest foreclosure rate in the state, with 1 out of every 350 housing units in foreclosure.
“The trend is not only continuing but accelerating,” said Daren Blomquist, vice president of RealtyTrac.
By contrast, nationwide, foreclosure filings dropped 23 percent in March compared with the year-ago period.
Considering this, New York City’s real estate conditions have been still very difficult. Therefore it would be hard to sell your house in Brooklyn, the Bronx or Queens.
However, there is always a way to Sell Your House Quickly for CASH. For more information, please visit our main website.
In New York City, foreclosure filings in March vaulted by 150 percent,which is the biggest percentage increase in 12 months, according to the foreclosure-information firm RealtyTrac.
Foreclosures have been rising for six months straight in Brooklyn and 11 months in a row in Queens. Staten Island continues to have the highest foreclosure rate in the state, with 1 out of every 350 housing units in foreclosure.
“The trend is not only continuing but accelerating,” said Daren Blomquist, vice president of RealtyTrac.
By contrast, nationwide, foreclosure filings dropped 23 percent in March compared with the year-ago period.
Considering this, New York City’s real estate conditions have been still very difficult. Therefore it would be hard to sell your house in Brooklyn, the Bronx or Queens.
However, there is always a way to Sell Your House Quickly for CASH. For more information, please visit our main website.
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