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Housing Market Downturn News is an EIN News Service for real estate professionals. Constantly updated news and information about reale state.
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Latest Housing Market Downturn News

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  • Real estate agents see return of foreign buyers 24 Nov 2009 01:21 GMT
    ... the past six months has made makes homes even cheaper for foreigners, and prices are ... in the 12-month period ending in May, down nearly 10 percent from 170,000 for the same ... recovery of the U.S. economy and the housing market's resurgence. Some want vacation homes, while ...

  • Tax credit gives home sales best boost in decade 24 Nov 2009 00:13 GMT
    ... homebuyer tax credit will help sustain the housing market next year. Yet the overall economy ... weak. Foreclosures are rising. Job creation is slow. And consumers remain reluctant to spend. Though ... of 6.1 million in October, from a downwardly revised pace of 5.54 million in September. ...

  • U.S. home sales surge in October as buyers rush to take advantage of tax credit 24 Nov 2009 00:47 GMT
    ... raising hopes for a turnaround in the housing market and pleasing Wall Street. While rising ... there are still too many factors weighing down the recovery. Foreclosures are rising. Job creation is slow. People remain reluctant to spend. And construction ...

  • Tax credit fuels strong home sales in October 24 Nov 2009 00:10 GMT
    ... raising hopes for a turnaround in the housing market and pleasing Wall Street. While rising ... there are still too many factors weighing down the recovery. Foreclosures are rising. Job creation is slow. People remain reluctant to spend. And construction ...

  • Investors find solid foundation in apartments 24 Nov 2009 01:36 GMT
    ... on Isabella Street in Toronto, Ont. Apartment buildings generally held their value through the recession. ... cooler talk may be about the red-hot housing market, but as apartment owners are quick ... personal guarantee with as little as 15% down. That mean you can buy a small ...

  • Incentives drive sales of existing homes in October 24 Nov 2009 01:24 GMT
    ... Like many Realtors, Deanna Dipo was upbeat and cheerful Monday over news ... probably will curtail its effort to push down mortgage rates next year. If rates then rise ... make home purchases less affordable and dampen housing demand. "When we do kick those crutches ...

  • Incentives drive sales of existing homes in October. 24 Nov 2009 01:52 GMT
    ... Like many Realtors, Deanna Dipo was upbeat and cheerful Monday over news ... probably will curtail its effort to push down mortgage rates next year. If rates then rise ... make home purchases less affordable and dampen housing demand. "When we do kick those crutches ...

  • Shrinking Inventory, Extended Federal Tax Credit Drive Santa Clara County Housing Market 24 Nov 2009 00:41 GMT
    ... Federal Tax Credit Drive Santa Clara County Housing Market SAN JOSE, Calif., Nov. 23 /PRNewswire/ ... inventory stood at 4,432, a 42.47 percent drop from the 7,704 in the same month ... homes came on the market at a slower pace while closed sales accelerated. In Cupertino, ...

  • October Home Sales Rise 10.1 Pct From September 24 Nov 2009 00:10 GMT
    ... of 6.1 million in October, from a downwardly revised pace of 5.54 million in September. ... and 10 percent in the West. The housing recovery is being driven by lower prices ... over with?" Home sales are likely to drop over the winter as buyers hibernate for ...

  • Area Home Sales Show Modest Monthly Increase 24 Nov 2009 01:27 GMT
    ... important incentive is helping to stabilize the housing market, stimulate the economy and create new ... weakness will be offset by a hefty drop in starter-home inventories, which are running, nationally, ... economists attribute this pattern to a continuingly slow easing of pressures in the financial markets, ...

  • October Home Sales Up In Polk as Prices Continue Down 24 Nov 2009 01:53 GMT
    ... median sale price was $104,600 in October, down 21 percent from $131,600 last year. More ... the pace of foreclosures has yet to slow in Polk and other areas, said Peter ... really long time to go before this housing market recovery takes hold." A total 924 ...

  • Sacramento housing affordability dips 24 Nov 2009 00:12 GMT
    ... to a report Monday. The four-county region’s housing affordability dipped to 69.8 percent in the third quarter, ... to recent years. “As existing home inventories drop and builders sell more homes, we’re seeing ...

  • US home sales exceed expectations 24 Nov 2009 01:00 GMT
    ... of 6.1 million in October, from a downwardly revised pace of 5.54 million in September. ... chief economist. But sales are likely to drop over the winter as buyers hibernate for ... of government intervention. That has helped restore housing affordability in large swathes of the country. ...

  • Cemex Gains Most in Two Weeks as U.S. Home Sales Jump 24 Nov 2009 00:11 GMT
    ... two weeks on optimism demand for U.S. housing is recovering and will spur cement sales. ... percent from a year ago, the smallest drop in more than a year. “It’s a ... plummeted 38 percent to $751.5 million, dragging down the company’s overall sales by 27 percent ...

  • Wall St rallies on weak $US, home sales 24 Nov 2009 00:47 GMT
    ... generated last week when another report showed housing starts fell sharply in October. Monday's data ... were so willing to talk about a double-dip (recession)," said Jim Paulsen, chief investment officer ... index rose 1.2 per cent. On the downside, Ciena Corp shed 8.9 per cent to ...


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