Archive for the News Articles Category

Source: cnbc.com Date: 8 Octover 2009 Link: http://www.cnbc.com/id/32893442 The common perception of Middle America is that of a region insulated from the afflictions of the coasts, but a look at some of the larger Midwestern real estate markets shows that’s not always the case. indeed, some areas fell victim to the same woes that dragged [...]

This is probably one of the best written articles that I have read in the last few weeks pertaining to the housing market.  Truly every market is a local market.  Based on what is happening locally surely gives us an idea of what we might expect in the real estate market locally.  The Milwaukee area [...]

Source: cnbc.com Date: 24 September 2009 Link: http://www.cnbc.com/id/33003868 I hate to say “I told you so,” okay, that’s a lie, who doesn’t love to be right? Existing home sales took a U-turn in August after four straight months of gains, and this is exactly what we were afraid of, as inventory at the low end [...]

I hate to post such doom and gloom but it seems that there has been no real basis for the housing market to be turning. Unless spending increases, credit is relaxed, and unemployment decreases we are in for a long stretch of seeing more of the same. I keep hearing how people are saving rather [...]

Think the real estate market has bottomed out and want to invest but don’t want the headaches of being a land lord or wish to be more diversified in the sector? Investing in stocks that track the residential or commercial real estate market may be the way to go. This article talks about what is [...]

Source: cnbc.com Date: 1 September 2009 Link: http://www.cnbc.com/id/32646359 First let me just say that I’m really impressed with the discussion that followed yesterday’s blog on what banks are doing with foreclosed properties. Secondly let me say that this has been perhaps the most mind-bogglingly frustrating story on which I’ve ever worked. For months now I’ve [...]

Source: cnbc.com Date: 31 August 2009 Link: http://www.cnbc.com/id/32630317 There have been a lot of accusations on the blogs and on the air that banks are holding on to REO (bank-owned) foreclosed properties because they don’t want to put them on the market and push home prices ever lower. In digging into this, I got a [...]

Source: cnbc.com Date: 25 August 2009 Link: http://www.cnbc.com/id/32549123 A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at [...]

So there seems to be conflicting news headlines about the state of the housing recovery every day.  Friday in the Journal Sentinel the article on the front page talks about the downsizing of the Parade of Homes this year.  “Three years ago, toward the end of the real estate boom, visitors paraded through 30 homes [...]

Source: cnbc.com Date: 21 August 2009 Link: http://www.cnbc.com/id/32505953 Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an industry survey showed Friday, in a strong sign that housing is pulling out of a three-year slump. Sales in July rose for the fourth straight [...]