Tag Archives: market
Who is the new renter?
One promising piece of news in the housing crisis for developers and investors is rental property, which has seen a surge as homeownership rates have fallen off. As builders seek ways to tailor rental units to the needs of renters, the Wall Street Jour… Continue reading
Pay off your mortgage?
During times of economic instability and employment uncertainty, many people wonder if they should pay off their mortgage, especially as they get closer to retirement.
One rule of thumb used to be (all rules of thumb seem to be under scrutiny these day… Continue reading
Home sales join the slump
For the first time in three months, pending sales of previously-owned homes dropped in July, signaling yet again that the housing recovery is a long way from getting unstuck. Although pending home sales rose by 2.4 percent in June, July’s 1.3-percent d… Continue reading
More bad housing news
Bad news for the housing market just keeps coming. This morning, the Commerce Department reported that new home sales slipped 0.7 percent in July, a bigger-than-anticipated decline. The seasonally adjusted 298,000-unit annual rate is less than the 310,… Continue reading
Housing starts fall
The latest housing starts depict a market that remains gridlocked by a glut of unsold homes and a weak economy. According to the Commerce Department, permits to build new homes in July fell 3.2 percent and the number of new homes being built slipped 1… Continue reading