Category Archives: Uncategorized

WASHINGTON (AP) — Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported Wednesday that new … Continue reading →

Sales of existing US homes plunged in December, exposing the fragility of the housing recovery and its dependence on government stimulus. Existing home sales fell 16.7 percent last month, according to a survey released Monday by the National Association of … Continue reading →

Report highlights include: Commercial construction relies heavily on consumer spending and new housing construction. Consumer spending will not return to high levels until the employment situation improves. Commercial construction is not expected to pick up until 2012. Health care construction … Continue reading →

Almost all of the people find the down payment amount as a bulk money and if they start the work using the government grants for first time home buyers, mechanically all the procedures move smoothly behind it. Luckily , the US … Continue reading →

Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales and 45,000 less than the October print of 400,000, which was REVISED FOR THE … Continue reading →

Conclusion: less and less supply of finished lots. The only thing that will change this is for home prices to rise enough to justify the costs of development and thereby justify financing. http://ping.fm/cZVu1

The impact of new tax credit programs, like this one, often fades over time. In other words, people most motivated by $8000 free dollars to go buy a house have likely already done so. This is why the expansion to … Continue reading →

Durham is up and Raleigh is down for creating and keeping jobs, according to the Milken Institute, Durham No. 6, Raleigh-Cary was No. 2 last year, fell to No. 10.

U.S. home sales increased 11 percent to a two-year high in the third quarter as the tax credit boosted demand. Despite the positive report, many clouds dot the housing market horizon. The darkest of those is the current employment picture.