By Inman News, Monday, November 28, 2005.
After an amazing multiyear run of record-breaking sales figures and home-price growth, the nation's housing markets in the last few months began to show signs of change. more...
By Inman News, Monday, November 28, 2005. Existing-home sales cooled in California last month, the California Association of Realtors reported today, down 2.8 percent compared with October 2004. Meanwhile, the median price of an existing home in California in October increased 17.2 percent compared with October 2004. more...
By Inman News, Monday, November 28, 2005. Home sales in Ohio jumped in October, the Ohio Association of Realtors reported. Sales in October 2005 reached a record-breaking 12,240, a 5.3 percent increase from the 11,626 sales posted during the month last year, the OAR said. The previous best-ever October occurred in 2003, when sales reached 11,730, according to the OAR. The month's average sales price of $154,805 is a 0.3 percent increase over the October 2004 average sales price of $154,368, the OAR said. more...
By Inman News, Monday, November 28, 2005. Luxury home values rose to all-time highs in three major California cities in the third quarter of 2005 compared to a year ago, according to an index that tracks luxury homes. Los Angeles, San Diego and San Francisco all saw jumps in home prices, according to the First Republic Prestige Home Index by First Republic Bank. Los Angeles values jumped 8.6 percent from the second quarter of 2005 to the third quarter of 2005 and rose 17 percent from the third quarter a year ago, the index said. more...
By Inman News, Monday, November 28, 2005. Consumer confidence ended a three-month plunge in November with substantial improvements from previous months due to declines in gas prices, according to the University of Michigan's Survey of Consumers. "The recent rise in consumer confidence was due to declines in gas prices," according to more...
By Alison Rogers, Monday, November 28, 2005.
I'm...meticulous. The quality of my work is shown in a fierce attention to detail, an ability to make sure that everything is just right and double-checked. In other words, I don't trust other people. And that's putting it mildly. Agent Mulder here is often sad that there are even other people in the world, people without the same attention to detail that makes me so meticulous. Or in the words of my husband, "crazy." (Technically, I know crazy is just one word, but he's used it several times.) more...
By Inman News, Monday, November 28, 2005. A nationwide report released today shows an 18.6 percent month-to-month increase in the number of U.S. properties that entered some stage of foreclosure in October. According to RealtyTrac's monthly U.S. Foreclosure market report, 81,382 properties across the nation entered a stage of foreclosure, with the October national foreclosure rate at one foreclosure for every 1,422 U.S. households. more...
By Inman News, Monday, November 28, 2005. Foreclosures.com, a real estate information publisher and investment advisory firm, reported today that mortgage defaults are rising in California, due in part to a slowdown in price appreciation. more...
By Inman News, Monday, November 28, 2005. The supply of existing homes available for sale nationwide increased to its highest point of the year in October, with particular increases in the supply of condos and co-ops, the National Association of Realtors trade group reported today. more...
By Inman News, Monday, November 28, 2005. The Conference Board help-wanted advertising index, a key measure of job offerings in major newspapers across America, remained at 38 in October, the same as in the previous month. In the last three months, help-wanted advertising declined in eight of the nine U.S. regions. Steepest declines occurred in the Mountain (-15.7 percent), West North Central (-11 percent) and East North Central (-9.2 percent) regions. Help-wanted advertising increased in the West South Central (2.4 percent) region. more...
By Glenn Roberts Jr., Monday, November 28, 2005. Editor's note: The second-home or vacation-home market is a booming niche that's vastly different than the market for primary homes. Many foreign buyers are playing a larger role in second-home purchases in the U.S., while many domestic buyers are crossing the border for their second homes. In this three-part series, we examine the fast evolving second-home market, looking at the trends of foreign buyers coming to the U.S., U.S. buyers looking outside the borders, and how booming second-home markets impact affordability for everyone else. more...
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