real estate indicators

National Real Estate Sales Hold Steady

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Courier Post Online has this story on the National Real Estate Market holding steady for September. The effect of the hurricanes led to increased demand for housing according to the article.

Sales of previously owned homes held steady [...]

28Oct2005 | Tom Royce | 0 comments | Continued

Most Interest Only Mortgage Holders Pay Back Principal Early

Most homeowners who take out interest only mortgages pay back some of the principal early, a survey commissioned by Wells Fargo Banks Consumer Credit Group. The New Mexico Business Weekly has the story.

The nationwide survey of 1,300 homeowners was conducted in August 2005 by International Communications Research for Wells Fargo. It had a margin of error rate [...]

25Oct2005 | Tom Royce | 0 comments | Continued

Cendant to Split into 4 Companies

Cendant’s attempt to be all things to all people, has failed, and in its place will be 4 different companies specializing in their different segments of the marketplace; travel bookings, hotel properties, real estate, and rental cars. This will allow the different companies to concentrate on their core competencies, and allow the different segments to explore [...]

24Oct2005 | Tom Royce | 0 comments | Continued

Housing Hurts Recruiting in Nothern New Jersey

You grew up in Northern New Jersey, went off to school and were fairly successful. Lived in Alpharetta, Georgia in your 3,500 square foot house, but wanted someday to get back to ‘Jersey’. So you put your name in the hat for a job, got it, and then looked to relocate. On the street you grew [...]

19Oct2005 | Tom Royce | 0 comments | Continued

Palm Beach Florida Worries Arise Over Housing Costs Outpacing Pay

The Palm Beach Post has an article on a potential housing squeeze as Florida housing prices 24.5% over the last 12 months that ended June 30th, while income rose only 5.4%. While we all love housing appreciation, when it causes a displacement of workers it can be troublesome. Low income workers are a necessity to the [...]

19Oct2005 | Tom Royce | 0 comments | Continued

San Fransisco Real Estate Market Slows Slightly

The red hot real estate market in San Fransisco region has slowed ever so slightly, but by looking at the housing prices one would never know it. The area sold 730 less homes, but those that did sell were for 100,000 dollars more on average. The typical Bay Area home sold for $616,000 dollars as [...]

18Oct2005 | Tom Royce | 1 comment | Continued

D.R. Horton, America’s Largest Builder, says Sales Up 33% in 4th Quarter

As there is concern over a bubble in some of the coastal markets, in the heart of the country housing is still in great demand. D.R. Horton is a builder throughout the southeast, is experiencing tremendous growth on almost every level.
From the AP:

D.R. Horton Inc., the nation’s biggest homebuilder, said Tuesday that its home sales [...]

11Oct2005 | Tom Royce | 0 comments | Continued

Nashville, Tennessee Home Sales are Soaring

Nashville is a great little city. All the things you are looking for in a city, great restaurants, a vibrant arts and entertainment scene, and colleges and universities on nearly every corner. And it looks like, America has discovered it.
From Inman News:

Home sales in the Greater Nashville, Tenn., area jumped 10.9 percent in September from [...]

11Oct2005 | Tom Royce | 0 comments | Continued

Mortgage Rate Approaching 6 Percent

It looks like mortgage rates are pushing the 6 percent mark, a significant milestone for the real estate industry.
From CBS Marketwatch:

After four consecutive weekly hikes, the benchmark 30-year fixed-rate loan is just under 6%, a psychologically significant level that hasn’t been breached in six months. Given the inflation-fighting talk coming out of Federal Reserve [...]

10Oct2005 | Tom Royce | 0 comments | Continued

Alabama Residential Real Estate Market Humming

Despite a slow down the last couple of months, the real estate market in Alabama has been on fire this year. The Birmingham Business Journal reports that Alabama homes sales rose 6.08 percent compared with August 2004. August 2005 sales totaled 40,307 units.

Year-to-date average sale price — that is, the average price from January [...]

6Oct2005 | Tom Royce | 0 comments | Continued