May 12th, 2008
A glimmer of good news: Remodeling holding steady
According to the National Association of Home Builders, home remodeling work remained steady in the first quarter of this year.
According to the National Association of Home Builders, home remodeling work remained steady in the first quarter of this year.
A new study by Washington, D.C.-based First Focus, a children’s advocacy group, puts some frightening numbers to the foreclosure and subprime mortgage-lending crises. According to the study, which you can read about here, an estimated 2 million U.S. children will be directly impacted as their families lose their homes to foreclosure.
Ever hear of James Howard Kunstler? If you live in the suburbs, especially those located a long commute from any major city, he has something to say to you: Your lifestyle is on the way out.
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.
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.
According to the story, if you’re trying to sell a home in San Jose, Calif., you’re in luck. Forbes ranks it as the best city in which to sell residential real estate. The biggest reason? New home construction in the city dropped 63 percent in 2007.
Doesn’t building a mansion automatically leave a big impact on the environment?
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