Posts Tagged ‘housing’
Industry analysts estimate that the Gulf oil spill will end up costing several billion dollars through 2015 - specifically in damages to regional housing markets. If portions of the spill reach the Florida Keys and Atlantic coast of Florida, losses could skyrocket to as much as $28 billion. See the...
Tags: Atlantic, billion dollars, coast, damages, Florida, florida keys, gulf oil, housing, industry, industry analysts, Keys, losses, Oil, oil spill, Skyrocket, spill, the Gulf
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Although residential real estate prices in Ireland are at their lowest level in nearly a decade, the rate of decline is at least slowing. While some experts think the market is approaching a low point and could soon stabilize, over-construction threatens to flood an already crowded housing market. See...
Tags: decade, decline, estate, housing, housing market, Ireland, level, market, Point, rate, real estate prices, residential real estate
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Due to a massive inventory overhang, the US housing market should hit bottom in 2011, with prices lower than the 2009 trough and recovery times varying by locality. Experts estimate it will take several years for the market to absorb this shadow inventory, of up to seven million homes, and representing...
Tags: housing, inventory, locality, market, massive inventory, Overhang, recovery, recovery times, Shadow, trough, US, us housing market
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US home prices are expected to take years to recover, and will likely continue declining through 2010, despite posting a slight gain in the first quarter of the year. Housing prices in Nevada, Arizona and Florida are expected to post double-digit declines from Q1 of this year through Q1 of 2011. See...
Tags: Arizona, declines, first quarter, Florida, gain, home, housing, Nevada, q1, quarter, US, year
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New build permits for housing grew significantly year-over-year in the Mid-Atlantic region, with New Jersey, Delaware and Pennsylvania all experiencing double digit year-over-year increases. Despite the significant improvement, total permits in all three states, and in the US, were down from May to...
Tags: Atlantic, Delaware, digit, housing, improvement, May, mid, mid atlantic region, New Jersey, Pennsylvania, region, significant improvement, three states, US
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Although housing prices have increased since May 2009, analysts remain skeptical about the stability of the US housing market and the outlook for the remainder of 2010. With consumer confidence declining to record lows, skyrocketing foreclosure rates and the expiration of the federal homebuyer tax credit...
Tags: confidence, consumer, consumer confidence, credit, expiration, foreclosure, foreclosure rates, homebuyer, homebuyer tax credit, housing, lows, market, May, outlook, remainder, stability, tax, US, us housing market
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In an unprecedented offer that should give a boost to the beleaguered state, homebuyers in West Virginia will get the chance to apply for zero-down, 3.5 percent 30-year fixed-rate mortgage loans. Funds for the Housing Development program come from a $35M bond, and are limited to the first 280 eligible...
Tags: bond, boost, chance, Development, fixed rate mortgage, fixed rate mortgage loans, homebuyers, housing, housing development, mortgage, offer, percent, program, State, West Virginia, year, year fixed rate mortgage, year fixed rate mortgage loans
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Foreign investment has fallen dramatically in Bulgaria, where the housing market continues to struggle. While Bulgaria is attractive to foreign buyers looking for holiday houses near the Black Sea and the Danube River, a weak economy and high unemployment are hindering the housing recovery. See the...
Tags: Black Sea, Bulgaria, Danube River, economy, foreign investment, Holiday, holiday houses, housing, housing market, investment, market, recovery, unemployment
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Demand is outstripping supply in the UK residential rental market, aggravated by the shortage of homes for sale on the market. The recent capital gains tax hike is one factor discouraging landlord investment, impeding housing recovery and leading to record low rental inventory. See the following article...
Tags: article, capital, capital gains tax, demand, factor, Hike, homes for sale, housing, inventory, investment, landlord, market, recovery, rental inventory, residential rental market, sale, shortage, supply, tax, tax hike, UK
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In line with expectations of economists, housing prices rose more than 4% in May 2010 over the previous year. Industry analysts warned that the rise in prices could be due to the residual effect of the federal first time homebuyer tax credit and strong seasonal trends, and that the outlook for the housing...
Tags: credit, economists, effect, homebuyer, housing, industry, industry analysts, line, May, outlook, previous year, residual effect, rise, seasonal trends, tax, tax credit, time, time homebuyer, year
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