February 14, 2011

American Dream of Home Ownership Still Strong

Three out of four home owners — or 78 percent — say their homes are the best investment they ever made, according to Trulia.com’s biannual American Dream survey, which has tracked attitudes toward home ownership since 2009. Despite foreclosures and underwater homes continuing to batter the real estate market, about 70 percent of Americans say […]

December 31, 2010

Housing Starts Predicted To Rise

Daily Real Estate News  |  December 29, 2010  |  Housing Starts Predicted to Hit 3-Year High Housing starts will probably reach a three-year high of 739,000 in 2001, creating about 500,000 jobs and helping trim the unemployment rate to 9.1 percent, said David Crowe, chief economist for the National Association of Home Builders, in an interview with Bloomberg. […]

December 17, 2010

People Still Want to Own a House

Daily Real Estate News  |  December 16, 2010  |   Fannie Mae: People Still Want to Own a House The desire to own a home hasn’t been diminished by the downturn in the industry, according to a survey by Fannie Mae. Of owners and renters surveyed, 51 percent say that the housing crisis has not affected their overall willingness […]

November 8, 2010

Home Sales Could Enter “Virtuous Cycle”

Daily Real Estate News  |  November 8, 2010  |   Consumer confidence and business spending are key to whether the U.S. housing market will move into a virtuous or a vicious cycle in 2011, NAR Chief Economist Lawrence Yun told a packed audience at the Residential Economic Outlook Forum Friday in New Orleans. After the downturn, the housing market […]

November 2, 2010

Time is Right to Buy a Retirement Home

Daily Real Estate News  | November 2, 2010  | Money Magazine is urging people a few years from retirement who plan to move when they quit work to consider buying now while home prices and mortgage rates are low.Buyers who intend to use the place as a second home will pay the same rate as they would […]

October 28, 2010

New Home Sales Rise; Builders See Stabilization

Sales of new homes rose 6.6 percent in September to a seasonally adjusted annual rate of 307,000, the U.S. Commerce Department said Wednesday. Sales have been on the increase for two months, although year-over-year, new-home sales in September were down by 21.5 percent. “After dropping precipitously following the expiration of the first-time homebuyer tax credit, […]