Theresa Springer’s Blog

Home Prices and The Slow Recovery

[youtube] Robert Shiller, Yale University economics professor and co-founder of the Case-Shiller Home Price Index, expects home prices to continue to grow over the next four years, but at a slow pace. MORE

New Home Sales Increase 6.6 Percent In September

September sales of new single-family homes rose 6.6 percent above August’s rate, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. Nicholas Tenev, an economist with Barclays Capital, said it looks as though new-home sales have stabilized and he expects a gradual recovery over the coming months. Despite ... MORE

Survey Says Housing Market On The Mend

After a slow summer for home sales, the housing market is attempting to return to traditional seasonal trends, according to RE/MAX’s National Housing Report for September. The spring rush to qualify for the homebuyer tax credit caused a summer sales slump but, despite the lull in activity, the month of September saw an increase in ... MORE

Foreclosures Up 4 Percent In Q3

One in every 139 housing units received a foreclosure filing during the third quarter. According to RealtyTrac’s U.S. Foreclosure Market Report, filings were reported on 930,437 properties, up nearly 4 percent from the previous quarter but down 1 percent from the third quarter of 2009. Scheduled auctions and bank repossessions hit record highs while new ... MORE

Foreclosures Nearly A Quarter of 2nd Quarter Sales

Foreclosed homes accounted for 24 percent of all residential sales in the second quarter of 2010, according to RealtyTrac’s Q2 U.S. Foreclosure Sales Report. Rick Sharga, RealtyTrac’s senior vice president, said the volume of activity was what is needed for the market to heal because the more distressed properties that are sold the quicker housing ... MORE

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