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.
NAR Admits Publishing Bad Existing Sales Data
December 16, 2011 by
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, [...]
Young Adults are Moving Back Home
November 7, 2011 by
What with employments prospects looking ever gloomier for thousands of young adults across the nation, it’s little wonder that more of them are moving back in with mom and dad in an effort to cut housing costs. Recent data from the latest U.S. Census showed that young male adults in particular were finding moving back [...]
Market Watch – Syracuse in Top 20 Rental Markets For Investors
September 16, 2011 by
Is your glass half empty or half full? Some economists are painting a rosy picture for the market in Syracuse, NY. Your agreement with their assessments may depend upon your investment personality. Lawrence Yun, chief economist with the National Association of Realtors is optimistic about the Syracuse market these days. Predicting an upward trend throughout [...]
Argument Over Eliminating Mortgage Interest Deduction Heating Up
August 3, 2011 by
With the federal budget deficit at the top of the congressional agenda, Congress has been making noises about eliminating the Mortgage Interest Deduction,(MID). Some economists who are in favor of eliminating the deduction say it could add some 470 billion dollars to federal government coffers, and would make a significant contribution to deficit reduction, while [...]
NAR Calls for Home Ownership Tax Benefits to Be Preserved
August 1, 2011 by
The NAR is warning that any changes to mortgage interest deductions could threaten recent signs of stability within the housing market, eroding prices and values, and hurting economic growth. The Chief Economist of the National Association of Realtors®, Lawrence Yun, spoke at a recent forum entitled ‘Rethinking the Mortgage Interest Deduction,’ which was hosted by [...]
Fewer Distressed Properties Sold in California
April 22, 2011 by
Distressed properties in Los Angeles County accounted for 51% of homes sold during March, down from a total of 56% in February, according to the California Association of Realtors yesterday.
