Category Archives: Ping.fm

Builder Confidence Improves in October Builder confidence in the market for newly built, single-family homes rose three points to 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, released today. This was the first … Continue reading →

About 30% of home sales are distressed properties. Closings and future purchase contracts on distressed properties may not take place while a foreclosure moratorium is in effect to sort out title and foreclosure issues with recent vintage mortgages. And a … Continue reading →

WASHINGTON (MarketWatch) — The prospects in the global real estate sector are “dismal,” with a downturn that could last eight years, the International Monetary Fund warned Wednesday. The IMF sees problems both in the “bust” countries, such as the United … Continue reading →

Over the past several weeks we have conducted a survey of approximately 500 residential real estate brokers across the country to gain a better understanding of the housing market on a local, state, and regional basis. If housing truly is … Continue reading →

The state’s largest open house kicks off this weekend. From noon to 5 p.m. today and Sunday, more than 180 new homes all over Wake County will be open for your perusal. Be sure to wear comfortable walking shoes or … Continue reading →

Four Texas cities, including Houston, Dallas, Austin and San Antonio and Charlotte and Raleigh in North Carolina are among the twenty cities with the most housing permits in last twelve months. Both Los Angeles and Miami had large gains in August permits … Continue reading →

When it comes to prognostications on home prices, it’s important to distinguish between the short-term and thelong-term, especially given current circumstances. In a nutshell, short-term trends will be governed by supply/demand factors, while the long-term will be influenced by (potential changes … Continue reading →

Like a rabid bulldog that refuses to let go, Goldman’s Ed McKelvey has bitten on the fact that the US economy continues to deteriorate, despite the occasional data point which the feedback loopers latch on to, only to find out … Continue reading →

The US economy remains almost comatose. The slump already ranks as the longest period of sustained weakness since the Depression. The economy is staggering under many “structural” burdens, as opposed to familiar “cyclical” problems. The structural faults represent once-in-a-lifetime dislocations … Continue reading →