Economists Forecast Sharp Real Estate Rebound

By Mike Colpitts A group of leading U.S. economists forecast broad improvements in the nation's economy, real estate capital markets and the housing market through 2014. The projection was issued after the Urban Land Institute surveyed economists for its new real estate consensus forecast. The survey of 38 economists across the country, found that 2012 may mark the beginning of a turnaround in the housing market. Single family home starts, … [Read more...]

Investors Home Buying Binge Rages

By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2% from December numbers provided by the National Association of Realtors monthly home sales report, but showed that the market is … [Read more...]

Home Prices Fall Almost 5% in 2011

By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline in U.S. home prices, which includes foreclosure and bank assisted short sales. The year-end report indicates … [Read more...]

2012 Nebraska Housing Market

Nearly five years after the housing market in the U.S. collapsed the sting of the market crashing is barely felt in Nebraska. Home prices never hit double-digit appreciation in any market in the state, saving it from the foreclosure crisis and an economy that became unhinged. With unemployment levels at one of the best rates in the nation, hovering around 4%, the region is poised for a bubble in housing prices. But don’t expect any sort of … [Read more...]

Housing Market Bottoms Hit as Home Values Escalate

By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural gas exploration driving many home prices higher. A delayed recovery, however, will be in effect for much of the nation as the … [Read more...]

Home Prices Tumbled Less in 2011

By Mike Colpitts Home prices tumbled an average of 4.3% on a year-over-year basis through last November, according to real estate analytics firm CoreLogic. The company’s Home Price Index, released Monday, confirmed what other real estate research companies reported – that home prices fell less in 2011 than 2010. The Santa Ana, California based firm said prices fell 1.4% in October, which marked the fourth straight month home values … [Read more...]

Big 55 U S Housing Markets in Recovery

Chill the bubbly. More U.S. cities are forecast to inflate in home values in 2012 than in the past five years as communities in fifteen states move towards more stable housing markets with increasing home sales and higher values. These 55 cities are from states all over the nation and they have the ingredients to experience better times in the New Year. The most common denominator among these communities is more job opportunities than … [Read more...]

Mortgage Rates Jump for New Year’s

By Mike Colpitts Mortgage rates, already at their record all-time lows jumped slightly higher in time for New Year's this week as lenders became weary about growing problems in international financial markets, according to Freddie Mac. The rate of a 30-year fixed rate loan rose to 3.95% from a record low 3.91% last week. The 15-year fixed rate mortgage also moved up slightly to 3.24% from 3.21% a week ago. The 5-year Treasury indexed … [Read more...]

Record High Crop Prices Inflate Home Values

By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total of 15 states will witness at least some cities with inflating home prices, despite the horrific foreclosure crisis and ailing economy in … [Read more...]

Homeowner Insurance Guide

By Erika Stewart Home insurance is important to insure that property is protected in the event of emergencies like natural disasters, fires, and even over liability issues like a friend or visitor falling and hurting themselves. Having homeowner insurance protects not only the home but its occupants and their possessions. However, not all home insurance coverage is the same, which is why it is important to compare rates, terms and … [Read more...]