Tag Archive

New home demand reaches highest level in 7 years

Published on 08/20/2012 By Jflook

The National Association of Home Builders/Wells Fargo builder confidence index rose to 37, higher than projected and the best showing since February 2007, according to figures from the Washington-based group released today. The median forecast in a Bloomberg survey of economists called for no change from July’s 35.Readingsbelow 50 mean more respondents said conditions were […]

Builders head to washington

Published on 06/08/2012 By Jflook

On June 6th, more than 700 builders went to Capitol Hill to call on Congress to make home ownership, and all the related industries a national priority, to create jobs and ensure that the countries real estate market continues its current trend of growth.  “Though we are seeing some hopeful signs of recovery in many […]

Housing affordability HIGH!

Published on 05/04/2012 By Jflook

Housing affordability is still at a record high, according to the National Association of Realtors (NAR). Since record keeping started in 1970, it has currently reached its highest recorded level. This is based on the relationship between median home price, median family income and average mortgage interest rate. This is the first time the housing […]

Considering buying in 2012? You should be!

Published on 04/12/2012 By Jflook

Certainly the housing market is in a condition that hasn’t been seen for many years.  The word uncertainty is being thrown around, and with good reason.  The median home price in theUnited stateshas fallen nearly 40% in just over five years, but the worse is definitely over. Although the percentage of sales of distressed homes […]

Men and Women in the buying process

Published on 03/30/2012 By Jflook

A new survey by Coldwell Banker sheds some interesting light on the differences between men and women when making the decision to purchase a home.  Certainly aspects such as Square footage, or the number of bedrooms and bathrooms are important considerations for both sexes, however, the survey found that 28% of Women and 25% of […]