April 30th, 2008
Record number of vacant homes on the market
The number of vacant homes for sale in the United States hit an all-time high in the first quarter of the year.
The number of vacant homes for sale in the United States hit an all-time high in the first quarter of the year.
How common are housing foreclosures becoming? According to RealtyTrac, an online publisher of foreclosure data, one in every 194 U.S. households received a foreclosure filing during the first quarter of the year.
Sometimes I forget that the housing slump is not only impacting real estate professionals along with buyers and sellers, but other industries, too.
Surprisingly enough, in this severe housing downturn, several governments across the country are proposing increases in homeowners’ property tax rates.
But the suburbs mustn’t be all bad. Planners from foreign countries are coming to the United States to study just how we set up our suburbs. It’s true.
According to the National Association of Women in Construction, women make up about 9 percent of the total construction industry in the United States. That number, though small, has been going up.
No one can predict how long the country’s housing slump will continue. But one thing is certain: The way mortgage companies lend money to borrowers will never be the same.
Living just a short commute away from a major city can mean healthy home values.
During this housing slump, we’ve all read that home prices across the country have fallen. But by how much have they dropped?
Real estate professionals will often correct me when I’m interviewing them. It’s not right to say we’re in a housing slump, they’ll tell me. It’s just a different market. I have to disagree. This is a bonafide slump.
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Written by Dan Rafter [email] for b5media.
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