Existing home sales increased 10 percent in September according to the National Association of Realtors (NAR), said a report by Forbes.com. There were 4.53 million existing home sales last month, up 10 percent from the 4.12 million sales in August. Sales were 19.1 percent lower than September 2009, however, with 5.6 million existing home sales.
WD-40, in partnership with Rebuilding Together, is looking for the 2010 Rebuilding Together Tradesperson of the Year – someone who reflects the values of both brands, gives back to the community and adds value to his or her skilled trade industry.
After three years of decline in the market, remodeling is poised for a comeback in 2011, according to the Harvard University Joint Center for Housing Studies
Housing starts unexpectedly rose 0.3 percent in September, signaling that the real estate market may be stabilizing despite the new foreclosure crisis, the Commerce Department reported. The annual rate rose to 610,000, the most since April and slightly higher than the revised 608,000 rate in August.
A new look at housing starts based on data from the Census Bureau finds that single-family homes in the U.S. continued to get smaller last year, and the downward trend is likely to last significantly beyond the end of the recession. From a peak of 2,268 square feet in 2006, the median size of new single-family homes dropped consistently through last year, when the size was down to an even 2,100, according to NAHB.
Despite the stagnant and uncertain economy, renters are returning to the market in massive numbers, the Wall Street Journal reported. Nationwide, the vacancy rate fell 0.7 percent during the third quarter, one of the sharpest declines on record, to 7.2 percent.
Nearly a third of Americans probably can’t qualify for a mortgage and less than half can qualify for the best rates, even with a large down payment, according to a new report from real estate website Zillow.com.
A new survey of nearly 10,000 consumers across 43 states by John Burns Real Estate Consulting reveals several interesting findings on what buyers want in a home and community today. For instance, only 17 percent of respondents said price was most important; location and home style/design ranked highest.
Federal housing regulators must stop obstructing programs that make energy efficiency upgrades and renewable energy projects affordable for American homeowners, according to a lawsuit filed by the Natural Resources Defense Council.
Consumers continue to lack confidence that the economy is going to turn around any time soon, according to the Gallup Economic Confidence Index.