S&P/Case-Shiller index down 18.1% year over year, but monthly drop narrows to 0.6% in April. By Les Christie, CNNMoney.com Last Updated: June 30, 2009: 9:44 AM ET NEW YORK (CNNMoney.com) — Home prices continued to tumble in April, falling 18.1%... (Continue reading)
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5. Lawrence Yun, NAR... (Continue reading)
WASHINGTON (Reuters) – Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom. The National Association of Realtors... (Continue reading)
Price Stabilization Is First Step to Recovery Home prices must stabilize before the broader economy can turn around, a panel of housing and economic experts said yesterday at a real estate summit hosted by the NATIONAL ASSOCIATION OF REALTORS® as... (Continue reading)
Getting buyers off the fence isn’t easy. Listing agents from coast to coast say now is the time to think outside of the box. These tactics could help you get the property sold. 1. Organize a Raffle Partner with a... (Continue reading)
We’ve been seeing a small turn in real estate that some economist might say we are closing in on the recovery of the real estate market. Some areas have seen a small appreciation in the housing market but many areas... (Continue reading)
It looks like sales of new homes have finally bottomed out. The Commerce Department reported Friday that after hitting a record low in January – 74 percent lower than they were in July 2005 – new home sales rose in... (Continue reading)
Did you hear about the California $10,000 Tax Credit for the purchase of a newly constructed home? The Legislature for State of California passed a revised budget plan today. Governor Schwarzenegger has promised to sign the historic legislation tomorrow. Included... (Continue reading)