Day: June 24, 2012
May Foreclosure Report Results Mixed
According to the May 2012 Foreclosure Report from ForeclosureRadar, the impact on overall foreclosures tends to be impacted by local market conditions rather than overall market trends. The report focused on some of the hardest hit states, including Arizona, California, Oregon, and Nevada. Negative equity, according to ForeclosureRadar CEO Sean O’Toole, is the real problem…. Continue Reading
Read MoreRising Prices Point to Housing Market Recovery
According to RE/MAX’s latest National Housing Report, the housing market is showing signs of recovery. The report points to rising housing prices and sales across the country in May. In May, the median home price was up more than 6% from a year prior, to over $166,000. Of the 53 metro markets surveyed, 46 showed… Continue Reading
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Demand for Rentals to Remain High, Driven By Younger Generation
The younger generation – heads of households in their 20’s – continues to drive growth and demand in the rental housing market. The overall rental rate in the US is at about 35%, but for those in the 25-29 year old age range, the rate is 65% and gets even higher with the under 24… Continue Reading
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