Slowdown in the Real Estates Business
Written on 13 January 2010 by Avatar
The rate homes are sold have indeed slowed down due to more predictions of instability with concern to Mortgage Interest rates where the Federal government has had to step in to prevent chaos. This has become evident on the markets for new home sales have slowed quite considerably and that listing times have also become longer. This has been a direct result of the said problems that without the fed stepping in to buffer the industry many more problems might arise. Fed Tax cuts have lowered interest rates but uncertainty still remains in the hearts and minds of realty buyers some of which have reported losses of in excess of two billion dollars and more loses are expected prompting them to shore up their emergency stores.
Federal Assistance
Written on 13 December 2009 by Avatar
Federal assistance is being worked out for homeowners, banks and other financial institutions hit by the market slump. The president’s acknowledgment of a need for some fixing for the financial institution is a sure sign of helplessness for the Federal reserve might be at an edge as far as economic stimulus goes. They have interfered several times since last year by injecting much needed funding into the economy. Everybody knows it yet politicians deny it, the US economy is in recession which is reflected by increased jobless statistics, low new house sales and only a little change in the existing house sales market. The economy is hanging on by a thread and the Federal government may have to push harder for reforms to fix and shorten the effects of the financial problems they have been left to fix. The financial industry is left to deal with the mess they created but they are also the worst hit industries so what goes around comes around.
Stimulus Package, Where????
Written on 5 November 2009 by Avatar
The stimulus package the Fed has injected into the economy has done little and people are feeling the crunch. Saving on all they could and prompting them to follow closely their spending. The dollar has maintained a stable hold, just barely as the effects of the housing crisis affects world markets. When will the problems end for the ailing American economy, experts say in 2009 but others speculate that time is no longer of the essence, for the problem (or should we call it the economic bubble that has it’s roots deeply entrenched, from wall street down to the individual citizen) has already blown sky high and everybody is running out of places to hide from the repercussions of shortsighted legislation and business management.
Vacation homes and Investment Properties – Strong and Steady
Written on 5 October 2009 by Avatar
The movement may be slow but the investments and purchases of vacation homes and other luxury properties by foreigners continue to maintain momentum. This is providing just enough juice to prevent the hose sales market wheels from grinding to a complete halt which would mean the loss of hundreds if not millions of jobs in all sectors. A rise of 11 percent from last year’s figures from 21% in 2007 to 33% to this day, it means that the market, in that avenue anyway is still going strong. The typical vacation home buyer was in their late 40’s till early 50’s and that they were investing indeed for their vacationing needs. Bothe foreign and local buyers are still doing shopping in spite of the problems being experienced in local house sales.
Foreclosed Property – Trash It!
Written on 13 September 2009 by Avatar
Lenders are finding it very hard to recover from the financial crunch and so do the previous owners of houses that have been foreclosed. We have seen this in the past months, that people are turning to desperate measures to assure nobody else benefits form their foreclosed homes. They trash it, some turn to arson and other crimes that render these houses un-sellable or in need of major repair for them to once again become appealing to sell. These cases are on the rise and arson being a crime is having more and more houses being razed to the ground by fires their previous owners have initiated. Call it frustration or call it desperation, it shows the true effects of the financial problems we are now experiencing that is bringing out the worst in some of us.
Homes, now cheaper than Ever
Written on 25 August 2009 by Avatar
If area is taken into account, the current home prices in the US are at the lowest levels in many years and that goes for all the levels of the spectrum. The realty business has relied on the price/square foot metric to avoid the influencing of house sizes on pricing trends.
The prices per square foot have decreased by more than 25% for some metro areas with some experiencing increases in mere points. Indexes that track changes to 20 major US cities have a combined price decrease of around 12% which is another sign of the growing pains in the industry that is waiting for signs of hope that the crisis is going to end soon.
Home Prices Rise ever so Slightly
Written on 10 July 2009 by Miggy
Home prices have notably been higher since last month but they are still way below their prescribed price ranges compared to the boom days of the industry. With experts seeing the mortgage loan rates at an artificially high level, there is an alarming rate of around 62% failure which is high meaning the trend might not last. Life is indeed getting tougher and jobs are still falling short of expectations as people try to survive this long recession. It is however forecast that the recovery for the housing market will come by 2012, a long way out as we all try to stave off the effects of this, one of history’s longest recession periods ever recorded to date.
Property Values Continue Decline
Written on 10 June 2009 by Miggy
All over the place as the world continues to suffer from the current recession. Financial markets and any other market are struggling to cope with the strain as they themselves are severely affected by current economic conditions. But the problem is that more and more people are losing homes, more than what are being sold and with mortgages failing (more’s on the way). The housing market is in crisis and there’s little anybody can do about it, for even the US President’s Stimulus bill has failed to make much of an impact on the housing market that received part of the trillions of dollars. With a proposed second round of bailout funds rumored, it may just be met with greater resistance this time round for it may not make much of a difference anyway.
Mild Development Spending Rises
Written on 8 May 2009 by Miggy
Mild improvements in development spending has been noted in the US which may signal a slight improvement in the overall commercial real estate business. Many development projects have been put on hold as the economy slid into recession with millions losing their jobs in the construction industry. The effects of the economy has reached far beyond the borders of the US with the world slipping into recession as the markets tumbled affecting most global industries. Continue »
UK – Big Trouble Ahead
Written on 8 April 2009 by Miggy
The recession’s effects is circling the globe and people are feeling the pinch, nut what about the countries who have been blamed for the whole mess in the first place. Two of the richest countries in the world, the US and UK are both feeling the effects pf the recession with both suffering in terms of economic growth. Billions or even trillions of dollars have been released from government coffers but it just seems to be not enough to salvage the economy which is almost at a standstill. Continue »
