"As the Denver-area housing market moves toward the end of its prime selling season, August sales were down year over year, but selling prices were relatively stable."
To read the entire article, please click on the link.
http://triangle.bizjournals.com/triangle/othercities/denver/stories/2009/09/07/daily32.html
Wednesday, September 16, 2009
Monday, September 14, 2009
The Denver Business Journal reports that the First Time Homebuyer tax credit is helping the housing market. Currently slated to end on December 1, 2009, there is a push by the National Association of Realtors and the National Home Builders Association to extend it into next year and expand it to all buyers. The housing market is still lagging the rest of the economy. Click the link to read the entire story.
http://www.bizjournals.com/denver/stories/2009/08/31/story15.html?t=email_story
http://www.bizjournals.com/denver/stories/2009/08/31/story15.html?t=email_story
Friday, September 11, 2009
10 Housing Markets Likely to Rebound Soon
Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas.
But then the worst could be over, says CEO Ingo Winzer. As the recession eases, “We’ll see good price increases in many markets,” he reports.
In the following markets, home values are expected to remain level this year but increase in value next year:
Baton Rouge, La.
Buffalo-Niagara Falls, N.Y.
Dallas-Plano-Irving, Texas
Fort Worth-Arlington, Texas
Houston-Sugar Land-Baytown, Texas
Little Rock-North Little Rock-Conway, Ark.
Omaha-Council Bluffs, Neb.-Iowa
Pittsburgh, Pa.
San Antonio, Texas
Syracuse, N.Y.
Here are the 10 largest markets where prices are expected to continue to decline through 2010:
Fresno, Calif.
Las Vegas-Paradise, Nev.
Miami-Miami Beach-Kendall, Fla.
Orlando-Kissimmee, Fla.
Phoenix-Mesa-Scottsdale, Ariz.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Jose-Sunnyvale-Santa Clara, Calif.
Stockton, Calif.
Tacoma, Wash.
Tucson, Ariz.
Sources: Local Market Monitor (09/09/2009) and Realtor.org (09/11/09)
Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas.
But then the worst could be over, says CEO Ingo Winzer. As the recession eases, “We’ll see good price increases in many markets,” he reports.
In the following markets, home values are expected to remain level this year but increase in value next year:
Baton Rouge, La.
Buffalo-Niagara Falls, N.Y.
Dallas-Plano-Irving, Texas
Fort Worth-Arlington, Texas
Houston-Sugar Land-Baytown, Texas
Little Rock-North Little Rock-Conway, Ark.
Omaha-Council Bluffs, Neb.-Iowa
Pittsburgh, Pa.
San Antonio, Texas
Syracuse, N.Y.
Here are the 10 largest markets where prices are expected to continue to decline through 2010:
Fresno, Calif.
Las Vegas-Paradise, Nev.
Miami-Miami Beach-Kendall, Fla.
Orlando-Kissimmee, Fla.
Phoenix-Mesa-Scottsdale, Ariz.
Portland-Vancouver-Beaverton, Ore.-Wash.
San Jose-Sunnyvale-Santa Clara, Calif.
Stockton, Calif.
Tacoma, Wash.
Tucson, Ariz.
Sources: Local Market Monitor (09/09/2009) and Realtor.org (09/11/09)
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