Take a look at this story in the Wall Street Journal’s online edition. Written by June Fletcher, it says that, according to economists gathered at the spring construction forecast held by the National Association of Home Builders, the housing market won’t show signs of improvement until early next spring, at the earliest.
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.
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.
Now that spring is here, despite the snow on my Midwest front lawn, we’ll see how deep the residential real estate market’s slump is.
A federal appeals court late last week ruled that Craigslist is not liable for any discriminatory housing ads posted on its site.
It seems Gen Xers rely on the Internet to handle most of the tasks involved in the house-hunting and -buying process.
Several real estate agents are calling themselves “green” agents, promoting their knowledge of environmentally friendy construction, energy efficient appliances and alternative heating and cooling systems.
The housing downturn has lasted long enough now that it is changing the way buyers view homes. Today, buyers are more interested in flexible floor plans and energy efficient residences. No longer are they simply looking for the biggest houses that they can afford.
While writing this blog, I feel like the world’s biggest pessimist. But there’s no way to sugarcoat what’s happening these days in the residential real estate market: It’s bad out there.
Has your home lost value in the past year? If national reports about the slumping residential real estate market are true, then your home’s value probably has dropped. But the odds are good that you don’t think it has.
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Written by Dan Rafter [email] for b5media.
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