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Tag Archives: recovery
Home prices lower than never
If you ever wanted to buy a home, you probably won’t find homes any cheaper than they are now. Since 2006, housing prices are down 34%, asupply-demand adjustment to the housing bubble. It is likely though that the prices won’t stay … Continue reading
Posted in Economy
Tagged bottom out, housing market, jed kolko, prices, recovery, stuart hoffman
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New home sales exceed expectations
On Friday, new home sales exceed projections in the latest government report, this is a sign that the beleaguered housing market is starting to recover. The Census Bureau reported that the pace of new homes sold in January was 321,000 which … Continue reading
Greece on the verge of default
Greek officials are under serious pressure to agree on the new bailout package terms in order to stave off default. The government officials need to finalize the terms of the 130 billion euro bailout quickly in order to avoid a … Continue reading
Foreclosures lowest since 2007
Foreclosure filings and reposessions last year fell to their lowest level since 2007. According to RealtyTrac, filings were down 33% for the year totalling 2.7 million. 804,000 homes were repossessed and 1 out of every 69 homes had at least … Continue reading
Posted in Economy, Harker Heights Real Estate, Killeen Real Estate
Tagged foreclosures, HARP, housing market, realtytrac, recovery
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Factories, builders boost the U.S. economy
U.S. manufactures ended 2011 with their biggest month of growth since late spring and factories have hired more workers in December since April 2011. The construction industry spent more money on projects for the third time in four months, specifically … Continue reading
Possible recovery in the Housing Market
One of the main reasons why the economy’s growth has been slow is the downed housing market. However last month, home construction increased sharply 9.3 % from October and was the fasted gain since April 2010. Even though this is … Continue reading
