Foreclosure BLOG [Posts Tagged "Housing Market"]

Housing Construction Up; Is Now the Time to Buy?

With prospects for the housing market looking up, the construction companies are responding. According to the Commerce Department, the construction of new houses and apartment units rose 2.8% last month to a seasonally adjusted annual rate of 519,000 units, exceeding the expectations of economists who had been examining the market. Applications for building permits decreased during the month of January, but only after two months of solid gains; overall the seasonally adjusted annual rate was 17% higher than the same time during the previous year. The trend was mirrored nationally and regionally.  read more »

Foreclosure Rates and the Foreclosure Market: Down or Up?

Foreclosure rates are one factor among many in a housing market that seems to be pulling in every direction at once. Last quarter observed a decrease in the number of foreclosures of homes in the state of Texas. The Texas market, affected less by the housing bubble and bolstered by the region's relatively low unemployment rate, looks to be coming out stronger than markets in other areas.  read more »