Housing Vacancies A piggyback to the article earlier this week, the housing vacancy problem may be the biggest issue for some parts of the country. My best street guess is that the Alexandria market does not have this problem to the severity as some parts of the country. Again, the migration of people from areas…
A Clean Slate This author said two to three years, at least, before markets are back into balance. All of the general market data I am aware of. The author is manager of regional economics for the National Association of Realtors. His access to market data is extensive. I think that 2 to 3 years…
Payroll Job Creation-NAR Economists Outlook Jobs…that’s what this country needs…too many left. Buy American. Source: National Association of Realtors
In reviewing the data from the National Association of Realtors, here’s how the business of home selling stacked up in terms of closed sales nationwide… (Note-EXISTING HOME SALES measure actual closings of all home sales that are not newly built. It is an estimation based on MLS sales count but benchmarked periodically to Census data…
NAR Comm.Survey-PART ONE NAR Comm.Survey-PART TWO NAR Comm.Survey-PART THREE It has been a rough year for commercial real estate in general, some signs of optimism showing. Definitely a great time to buy. Source: National Association of Realtors
NAR Economic Forecast.2012 Again, economic forecasting appears to be showing a bottom to this market. Source: National Association of Realtors Economic Research Division
Dec.2011 Existing Home Sales Show Uptrend The latest monthly data shows total existing-home sales rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December… “These are early signs of what may be a sustained recovery,” said Lawrence Yun, NAR Chief Economist. Source: National Association of Realtors
Growth in Commcl RE Mkts 2012 Signs of optimism? Source: National Association of Realtors Economic Research Division
Vacancies & The Housing Recovery Couple of things from this report: `The homeownership rate increased from around 64 percent in the middle of the 1990′s to more than 69 percent in the middle of the 2000′s. This increase in the homeownership rate represented an increase of more than 11 million owner-oocupied housing units across the…
In reading the Alexandria, MN Echo Press for Friday, I thought that I should report this to my blog for future posterity… “Just how unusual has the weather been this winter? In addition to the lack of snow, consider this: -Temperatures hit 50 degrees twice this month…55 on January 5 and 50 on January 10….
