The Office of Federal Housing enterprise oversight (ofheo) says home prices fell 3.1% in the first quarter compared with a year ago. The index also fell 1.7% from fourth quarter 2007 to the first quarrter of 2008, largest quarterly price drop on record. The report says prices fell in the first quarter in 43 states.
May’s Builder Intelligence Report Suggests Housing Downturn Is Abating 9 Things You Need to Know When it Comes to Home Builder Reviews What You "Think You Need" vs What You "Actually Need" to Build a Website. One of the biggest mistake people make when building his or her first website is trying to do too much..
Almost six billion pain relief pills were bought last year as sales soared among Britons battling to cope with the stresses and strains of the economic downturn. according to a new report yesterday.
June’s Builder Intelligence Report Indicates Builders Are Raising Prices According to the latest builder intelligence report, some builders are raising prices more aggressively following a strong mid-spring selling season.
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How builders can better zero in on local payment power gaps in a market. A heat-map of opportunity areas. As land acquisition strategy shifts toward greater focus on asset-lighter, just-in-time take-downs, dynamic measures that match real people, with real household incomes, with real availability–or lack of it–of for-sale inventory become one of the only sure ways to manage your way beyond the next cyclical downturn and upswing.
The chart below is a perfect illustration of how gold can benefit your portfolio during a market downturn. I continue to advocate for the 10 Percent Golden Rule of having 5 percent in physical gold or beautiful gold jewelry, and 5 percent in well managed gold mutual funds or ETFs, rebalancing quarterly.
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Well, with a sharply increasing REO inventory in each and every major profit center of the builders, this appears highly unlikely. It may be possible though, so let’s check the asking prices of the markets in question and look into the supply issue to see if inventory is abating. As usual, simply click on any graphic to enlarge it.
Purchase mortgage applications in May are running 7% above year-ago levels. Add in a bounce in May household home selling conditions testing cycle highs and there’s a glimmer of optimism that the downturn in home sales is abating. If home sales don’t gain traction, the easy money isn’t the fix.