Featured News, Residential, US Real Estate

Existing Home Sales End Year on a High

By Mike Wheatley | January 21, 2012
Existing home sales pulled off a late surge at the end of last year, growing by 5% in November to leave total home sales up by 1.7% from 2010’s levels, the third consecutive month in which the pace of sales had shown improvement.
Mortgage, US Real Estate

Foreclosure Process Takes Twice as Long

By Mike Wheatley | December 29, 2011
The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.
Featured News, US Real Estate

Looking ahead to 2012

By Mike Wheatley | December 28, 2011
What’s in store for housing markets in 2012? Well, the good news is that we may finally be over the worst. Following five long, often painful years of price declines, which saw median home prices drop by almost 40%, housing is finally showing signs of a rebound – although we still have some way to go.
Featured News, US Real Estate

NAR Admits Publishing Bad Existing Sales Data

By Mike Wheatley | December 16, 2011
Real estate professionals and economists who paid close attention to the monthly existing-home sales data provided by the National Association of Realtors were given a sharp shock earlier this week. Last Tuesday it was revealed in the Chicago Tribune that the association had been consistently reporting bad figures each and every month since January 2007, […]
Mortgage, Real Estate, Residential, US Real Estate

October Housing Scorecard a Reason for Optimism

By Mike Wheatley | November 4, 2011
An optimistic showing from U.S. housing markets over the last month has been revealed by new data released by the Obama administration. The October Housing Scorecard Report showed that sales of new homes rose to 26,100 in the last month, but while this is more sales than August’s total of 24,700 new home sales, it’s […]
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