Hackney's Houses

September 16th, 2009 4:28 PM

From the NWMLS...

 

  • Here's more evidence that housing is turning around. Forbes magazine identified 161 of the country's largest metro areas where sales activity has increased compared to 2008, and where foreclosure sales as a percentage of total sales, are low.

    The magazine considers these markets as on the road to recovery.
    1. Miami-Ft. Lauderdale, Fla.
    2. Lincoln, Neb.
    3. Colorado Springs, Colo.
    4. Salem, Ore.
    5. San Luis Obispo, Calif.
    6. Bremerton, Wash.
    7. Denver, Colo.
    8. Redding, Calif.
    9. Santa Barbara, Calif.
    10. San Jose, Calif.

  • For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of REALTORS®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.2 percent to a seasonally adjusted annual rate of 5.24 million units in July from a level of 4.89 million in June. Sales are 5.0 percent above the 4.99 million-unit pace in July 2008. The last time sales rose for four consecutive months was in June 2004, and the last time sales were higher than a year earlier was November 2005.

  • Despite all of the bad news in the media about homeownership and mortgages, most Americans still believe buying a home is a great investment, according to a new study commissioned by Bankrate.com.

    Among the findings from the study:

    - 92 percent say that a home is a good investment for the future.
    - 48 percent worry about losing or being unable to afford their homes.
    • Posted by Sean Hackney on September 16th, 2009 4:28 PMPost a Comment (0)
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