September 18th, 2008
More bad news: Foreclosure activity up again
RealtyTrac, an online provider of foreclosure information, reported that foreclosure activity rose once again in August. This time, activity rose by 12 percent.
RealtyTrac, an online provider of foreclosure information, reported that foreclosure activity rose once again in August. This time, activity rose by 12 percent.
Durin g the housing boom of 2001 through 2006, the prices of single-family homes and condominiums shot up to amazing levels. I remember wondering, once the median sales prices of existing homes raced past the $200,000 mark, how were most people in the United States going to afford a home?
Well, here’s a change: Today, I bring good news. Sales of existing homes actually increased in July, reaching their highest level in five months, according to the National Association of Realtors.
But the association has said at least one statement that I really believe in: The next hot residential market might be homes within walking distance to shops, restaurants, parks, schools and mass transit.
According to RealtyTrac, a national provider of foreclosed properties, one in every 171 households received a foreclosure notice in the second quarter of this year. That’s an increase of 121 percent compared to the same quarter one year earlier.
The sales of existing homes — which includes single-famiy homes, condominiums, townhouses and co-ops — fell 2.66 percent in June. This puts yearly sales down 15.5 percent, so far, from last year. And remember that everyone thought last year was a terrible one for home sales?
The National Association of Realtors last week released their latest home-sales data. For once, there was some good news. But, of course, the report contained a lot of bad news, too.
The operators of real estate schools — which help train future real estate agents — are seeing attendance at their facilities dropping.
Considering a high-end kitchen renovation? Maybe you shouldn’t.
The National Association of Realtors yesterday released its latest report of housing sales across the country. To no one’s surprise, the numbers remained rather dismal.
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Written by Dan Rafter [email] for b5media.
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