Foreclosure BLOG [Posts in "Foreclosure Market"]

Recovering from the Recession: Is the Housing Market Rising or Falling?

Though the country has begun to pull out of its recession, the housing market still has a significant role to play in the tentative recovery efforts. It was the subprime collapse that precipitated the avalanche of unemployment and general economic slowdown, and with real estate transactions making up 15% of the economy, it is easy to see why economists are hesitant to claim that the end is in sight with various regional markets still struggling. Housing prices are still down 30% from their peak in 2006, and over the country, they may fall another 5-10% this year according to Moody's economy.com.  read more »

The Texas Forecast: What Will the 2010 Housing Market Look Like?

With concerns about the state of the economy still floating around in the national news, it can be difficult to say just what all the hullabaloo has to do with the local housing market. 　There is good news and bad news.  read more »

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 »