All Entries Tagged With: "housing market"
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 [...]
Builder Confidence in New Construction Up for Second Straight Month
Last night on the radio I heard a report that the builder confidence index regarding new home construction was coming out today and that experts expected bad news. I’m happy to report that they were wrong. The National Association of Home Builders/Wells Fargo Housing Index (HMI) for November did in fact come out today, but [...]
Chicago and Suburban Home Sales Keep Moving Up
The Chicago real estate market is showing signs of stabilization. On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois. According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s [...]
