NEW YORK (CNNMoney) — Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed Monday. Sales of existing homes rose 1.4% last month to an annual rate of 4.97 million homes, up from a downwardly revised 4.90 million homes in September, the National Association of Realtors reported Monday. That was higher than expected. Economists polled by Briefing.com had expected an annual rate of 4.85 million homes in October. Compared to a year ago, the rate of […]
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Protected: RE Grad Call – State of RE Market 11-10-2011
November 10, 2011 in Graduate Group Call, Step 01: Build a Solid Foundation, Step 03: Do Strategic Planning
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Home building jumps 15 percent in September
October 19, 2011 in General R.E., Step 03: Do Strategic Planning
Home building jumps 15 percent in September By Derek Kravitz October 19th, 2011 @ 8:28am AP Real Estate Writer WASHINGTON (AP) – Homes were built in September at the fastest pace in 17 months, a hopeful sign for the economy. Most of the gain was driven by a surge in volatile apartment construction. That should help create jobs and boost economic growth, but it doesn’t signal a comeback for the depressed housing market. Single-family home construction, which represents nearly 70 percent of homes built, rose only slightly. And building permits, […]
Real Estate Podcast – 10-3-2011
October 7, 2011 in Prosper Weekly Podcast, Step 03: Do Strategic Planning
It’s not all dire and end-of-the-world in the real estate market like the media is portraying. There is life…. 23 Housing Markets Show Big Improvement Daily Real Estate News | Friday, October 07, 2011 Double the number of housing markets moved into the “improving” category this month compared to last month, according to the National Association of Home Builders/First American Improving Markets Index, which debuted last month. Twenty-three housing markets qualified as “improving” compared to 12 last month. Metro areas are considered “improving” if they show an improvement in housing […]