Wednesday, 18 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
Government programs don't help the market, one economist says, because they don't "get rid of the fundamental problem: There's still a glut of houses.”
Commercial real estate is somewhere between an orderly massacre and a disaster, William Mack, founder and chairman of Area Property Partners, told CNBC.
The housing market has improved slightly and prices are starting to stabilize, but we could see another downswing this winter, James Lockhart, vice chairman of WL Ross & Co. and former director of the Federal Housing Financial Agency, told CNBC.
Ida weakened to a tropical storm Monday as it churned toward oil and gas facilities in the Gulf of Mexico and was forecast to hit the U.S. Gulf Coast early Tuesday between Louisiana and Florida.
Home prices always lag sales, but they may be beginning to catch up. A new report from Zillow.com finds home values stabilized in the third quarter of this year, as sales of new and existing homes grew.
Friday, 23 Oct 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
Target and CVS are the latest retailers giving discount incentives to customers who bring in their own reusable bags instead of using the store's plastic bags.
Friday, 23 Oct 2009 | Source: The Associated Press
President Barack Obama said Friday that opponents of his energy bill are disputing the evidence of global warming in a cynical ploy to undermine efforts to curb pollution and steer the nation to greener energy sources.
Thursday, 15 Oct 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
Foreclosure notices were up 5 percent in the third quarter from the previous quarter, and up 23 percent from the same quarter a year ago, according to the report released by foreclosure tracking Web site RealtyTrac.
If you’re planning to put your home on the market, it’s not your manners that need polishing. Try your silver, among other improvements. Now, more than ever, getting a signed contract in hand is all about price and quality.
The best mortgage rates are not necessarily offered by the big volume players or the bank where you currently do your checking. Instead, they can often be found at smaller banks and credit unions.
Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticutled the nation in the boom-to-bust cycle and are therefore seeing recovery sooner than other states.
If California is an indicator of the US real estate market, then the tide could be turning. Discounted higher-priced homes are beginning to sell, following a frenzy of activity with foreclosed properties.
Those looking to benefit from the buyer’s market today must come to the table prepared, armed with a clean financial bill of health and plenty of research to ensure they get the best deal on their purchase
Thankfully, the two-year-long storm in the Mid-Atlantic housing market appears to be over. In pockets of the region, the sun is beginning to peak through, and homes are again being bought and sold. But, like the weather, the recovery is variable.
Posted By:Stephen Schork, Editor, The Schork ReportCNBC Guest Blog
Oil prices surged yesterday, ostensibly, if media accounts are to be believed (they’re not) on news that sales of existing homes in the U.S. increased for a third straight month.... Read More