The old cliche’ is well known…”Which came first…the chicken or the egg?” And so, with all the wrangling over how to “fix” housing, the question to ask is “which came first, the job or the house?”
The Real Reason Why Home Prices Have Fallen And Can’t Get Up
February 6, 2012 by
There are a litany of factors that have aggravated the housing crisis since it’s early beginnings in 2006 – 2007. Among the many issues cited for the ongoing crisis are the high rates of foreclosure, the resulting excess of vacant properties on the market, and the impact this has had by lowering appraised values. While all of these have definitely aggravated the problem, the data indicate that these are more the results than the fundamental cause of the housing crisis.
Cities Expect More Budget Cuts as Home Values Continue to Fall
December 27, 2011 by
The writing has been on the wall for years, but the moment when cities will have to make serious cuts to deal with falling housing prices may come in 2012. Part of the real estate market collapse that rarely gets attention is the effect it has on property taxes. Cities use those taxes to pay
Underwater Home Owners Lose Mobility
January 25, 2011 by
Across the US there are homeowners faced with tough decisions. Not only concerning foreclosures and defaults, but getting out from under homes they cannot sell to take employment elsewhere. Anchored to properties that lost half their value when the bubble burst, some families have to decide between losing their home altogether and having gainful employment and a future.
Deciding the “Where” of Buying a Home
January 14, 2011 by
Buying a home involves many crucial decisions, not the least of which is the “where” of your new home’s characteristics. Choosing the area and neighborhood you buy a home in may be the most critical decision any home buyer can make. RealtyBizNews suggests some variables to consider when considering where your next home will be.
Jobs Down, Home Inventories Up, What Else Is New?
January 7, 2011 by
December’s dismal jobs numbers combined with an overall increase in home inventories paints a pretty grim picture for the start of 2011. Experts expectations have not been met for months, and still media and the industry is all too often overly positive in their forecasting and evaluation of the situation. Without good jobs, jobs that help pay mortgages, no market will be emerging this year or any year from the greatest recession in 80 years.
Confidence In Real Estate 2011
December 31, 2010 by
A report released last week by the National Association of Realtors suggests the housing market for 2011 may be a lot better than previously expected. Existing home sales are up again, and investment in new construction stock is up as well. With jobs and other variables stabilizing, it seems as if the overall outlook is very positive for 2011.
