It all depends on where you are right now in real estate, and whether you recognize the signs of the cycle bottoming out in some of the once-most distressed local markets.
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Real Estate Outlook: Sales Jump in Ailing Markets
Home sales soared 118.9 percent in the Los Angeles area in October, compared with the same period a year ago, while the median home price fell 32.2 percent to $366,520, according to figures released today.
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L.A. home sales soar 119%
The Massachusetts Association of Realtors released its October 2008 housing numbers for single-family homes and condominiums.
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Massachusetts home sales are up
Sales of existing homes jumped dramatically in the Western region in October as buyers scooped up foreclosed homes and other bargains.
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Home sales heat up in the west
Any business observer who believes U.S. manufacturing is dead in America only needs to visit the Elmira, New York area in Chemung County to find it in thriving existence. Top employers in the area have prevented the region from plunging economically like many other areas, shoring up housing prices in a town that manufactures everything from flat-screen monitors to railroad equipment to unmanned aircraft.
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Hot Market: Elmira, NY — Stable Economy, Moving Prices
Home sales in the Indianapolis metropolitan area plunged 24 percent last month despite signs that the nation’s housing market is starting to recover.
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Home sales plunge in Indy metro area
Two widely watched indexes released Tuesday showed home prices dropping by the sharpest annual rate on record in the third quarter.
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Home prices tumble by record in 3Q
[Note: To follow is an excerpt of an interview with Elliott Eisenberg, senior economist of the National Association of Homebuilders in Washington, DC, and Michael Anderson, Managing Member and Founder of Salt Lake City-based RealSource, a leader in multifamily research and tenant in common deals [www.realsource.net/bestoftimes]. To listen to the show archive or download an MP3, go to www.IncomePropertyInvestmentTalk.com/110508.]
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These Are the ‘Best of Times’ for Multifamily TIC Providers and Investors: Part II
While conflict is inevitable in homeowner associations, we do have choices about how we are going to deal with it. When handled in a constructive manner conflict can be a catalyst for new awareness, new understanding, creative solutions and enhanced relationships.
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Living in HOA Harmony
Here’s a key question about the current market: Do you look at home prices to figure out where we are in the real estate recovery cycle, or do you focus on sales?
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Real Estate Outlook: Sales Picking Up Tempo
If you’re concerned about the downturn in the Canadian real estate market, Michael Polzler, regional director and executive vice-president of Re/Max Ontario-Atlantic Canada, has some advice for you: “Stop reading newspapers and stop watching TV. The market hasn’t really slowed that much. We’ve gone from going 150 mph to 120. It feels slow, but it’s still a very healthy market.”
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Canadians, Relax: No ‘U.S.-Style’ Housing Bust
In the midst of a financial meltdown, stock market crash and foreclosure-dominated real estate market, comes news that one of the most expensive condominiums in Brooklyn went under contract.
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Condo Trends: What Recession? Hottest Deal Headed to Settlement
Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years.
The National Association of Realtors said Monday that sales of existing homes fell 3.1 percent to a seasonally adjusted annual rate of 4.98 million units in October, from a downwardly revised pace of 5.14 million in September.
Sales had been expected to fall to a rate of 5.05 million, according to economists surveyed by Thomson Reuters.
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October existing home sales fall by 3.1 percent
It seems that everybody is looking to Capitol Hill right now for a bailout: the Big Three auto manufacturers, banks, insurance companies, Wall Street titans.
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Washington Report: Buydowns?
A decrease in home sales throughout central Wisconsin is consistent with the rest of the state, local real estate agents say.
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Housing market declines
