When was the last time you read positive headlines about housing? 6-YEARS AGO!!!
Is there a shift taking place? YES – not in a submarkets but the supply is now the kicker!
Will housing price start to increase? YES but gradual
Will new housing starts increase? YES when the economy really picks up steam
Are there still too many issues causing the housing industry to flounder? YES
As Housing goes……………..So goes the Economy!
Home Prices Show Strongest Gain in 6 Years: NAR
dsnews.com - Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors ( NAR) reported Tuesday. Economists had forecast...
Zillow: Home Values See Highest Monthly Increase Since 2006
dsnews.com - Zillow issued a released Friday reporting that both national home values and rents rose in the month of April. According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow...
Home prices rise in most major U.S. Cities
usatoday.com - First substantive increase in 7 months is latest evidence of a slow recovery taking shape in the troubled housing market.
Mortgages - Speeding Up Short Sales
nytimes.com - With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process. Starting June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will...
BofA tries turning distressed homeowners into renters
latimes.com - Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead.
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