Posts in Real Estate Market

New Home Sales Plunge in May 2010

Following the end of the homebuyer tax credit, the number of new home sales took a 32.7% plunge. The Commerce Department reported that the sale of new single-family homes were at a seasonally adjusted annual rate of 300,000 in May. With April’s revised rate of...

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New Home Sales Decrease

Existing-home sales in May 2010

The National Association of Realtors® (NAR) announced strong existing-home sales this May, characterized by more stable home prices and lower mortgage interest rates. However, sales of existing homes in the United States fell 2.2 percent compared to April,...

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Existing-home Sales Decrease

Housing Starts Drop in May 2010

U.S. residential home construction took a plunge in May as builders showed caution about sales prospects. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their new residential construction statistics for May 2010 at 8:30...

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Housing Starts Decrease

Pending Home Sales Surge Continues in May 2010

WASHINGTON – June 2, 2010 – Pending home sales have risen for three consecutive months, reflecting the impact of the homebuyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors® (NAR). The Pending Home...

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Pending Home Sales

April 2010 New Home Sales Rose 14.8%

Statement From Commerce Under Secretary Rebecca Blank on New Home Sales in April 2010 The Commerce Department’s U.S. Census Bureau today released new home sales data for April 2010. Sales of new single-family houses rose 14.8 percent in April to 504,000 units, well...

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New Home Sales Increase

Existing-Home Sales Continue to Improve in April 2010

WASHINGTON (May 24, 2010) – Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®. Existing-home sales (Note 1),...

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Existing-home Sales Increase

Anatomy of a Real Estate Bubble

As Americans we seem to have the unique ability to turn a good thing into a great thing and great thing into an unsustainable thing. Inevitably the bubble bursts and we find ourselves picking up the pieces. I have a personal story about two such bubbles. In the...

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Savvy Home Buyer