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Theresa Springer’s Blog

A Brighter Forecast for Housing in 2011

The National Association of Realtors’ chief economist Lawrence Yun says the housing market has regained stability and expects further gains in 2011. Pointing to positive trends in the overall economy, as well as housing prices, sales, and affordability, Yun predicted existing-home sales will reach 5.5 million units next year, home prices will rise 1.0 percent, ... MORE

The Foreclosure Market Forecast

[youtube http://youtube.com/w/?v=SQgqAeMfto4] Rick Sharga, senior vice president of RealtyTrac, says uncertainty in the foreclosure market will lead to slower sales this quarter, followed by an accelerated rate of activity in the first quarter of 2011. MORE

ZipRealty Ranks The Nation’s Hottest ZIP Codes

ZipRealty’s 3rd Quarter Home Hunter Report tracked data from 5,400 cities within 33 markets to identify which ZIP codes had an average sale price most above the average list price and most below the average list price. According to the report, homes in the hottest ZIP codes were selling about 5 percent above asking price. ... MORE

Home Prices and The Slow Recovery

[youtube http://youtube.com/w/?v=qmIJ252dd4Q] 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

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