All Entries Tagged With: "housing market"
Will 2012 Bring a Housing Recovery? Some Experts Think So
Improved jobs numbers and stabilized prices for nondistressed homes leads investment bank Barclays Capital analyst Stephen Kim to believe that a housing market recovery is on the horizon. This is great news for those that own Chicago real estate. Key to his prediction though is the fact that prices for nondistressed homes will have stabilized [...]
Builders On: Less New Homes Going Up
On Monday, Chicago Real Estate Forum discussed builder confidence falling in the market for newly built, single-family homes. Looks like those builders were right. The Commerce Department on Tuesday released its residential construction statistics for August 2011 to show that U.S. housing starts fell 5.0 percent to a seasonally adjusted annual rate of 571,000 units. [...]
New Home Construction Struggling
Builders aren’t feeling very confident these days. According to June’s National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built, single-family homes fell three points to 13. Any score over 50 means that more builders see sales conditions as good rather than poor. The last time the [...]
A Week Later: Your Thoughts on the Housing Market?
Chicago and the U.S. received another round of gloomy forecasts for the real estate market last week. According to the Equifax Personal Finance Blog, a wide array of different sources confirmed the bad news for American homeowners, would-be buyers and the housing market as a whole. Real estate expert Ilyce Glink reported this news in her [...]
GSE Housing Financers Being Shown the Door
Fannie and Freddie are dead. That’s how the Obama administration described troubled mortgage giants Fannie Mae and Freddie Mac on Friday. The government-sponsored entities, or GSEs, are seen as partly responsible for the breakdown of the 2008 housing and financial markets. But even before the crisis, opponents warned that the mortgage houses were risky, mainly [...]
