Tag Archives: housing market trend

Doing the Numbers

Our June housing data came out last week and we would like to share the latest a greatest housing numbers throughout the northeast with you.  There has been alot of talk over the last few months on whether or not the market has ‘hit bottom’ and is entered steady stabilization.  While the cliche “all real estate is local” is key to the housing market, it stands to say that nationally, the housing slump has finally come to an end.  An article posted a few days ago in the Wall Street Journal reiterated this point.  “The housing bust is over,” as it so succinctly says.

Our numbers show similar patterns, with average sales prices climbing up and unit sales skyrocketing in most areas.  Take a look: Continue reading

Housing is Poised for a Rebound in 2012

Those who closely follow housing market news may have noticed an uptick in positive reports lately. Here’s a recap of the highlights of recent months that together suggest a rebound could begin as early as this year.

Continue reading

February 9, 2012

Doing the Numbers: 4th Quarter 2010 and 2011 Outlook

2010 has come to and end and so has a tumultuous year in real estate.  The market held steady the first half of the year due to the extension of the homebuyer tax credit.  A combination of extremely low interest rates and the tax extension deadline positively impacted single-family home sales and prices across the northeast.

Continue reading

January 13, 2011

Market Outlook: How Is Your Town Doing?

The second quarter has come to an end and we’re receiving a bit of a reality check on the housing market.  There is some good and some not so good news to report.  Let’s take a look at some key numbers in the northeast to give you an idea of what I’m talking about.  In the past 6 months, we have seen a push up in the market due to the following factors:

  • Housing Tax Credit, which expired April 30th…The credit produced a flurry of activity in the market as people rushed to purchase & close on time
  • Historically low interest rates…under 5%
  • Increased consumer confidence (according to Realty Times, consumer confidence had been on a fairly steady upward trend for the past quarter or two)

And a closer look at more recent numbers in the northeast from this quarter compared to 2nd Q. last year:

Continue reading

July 19, 2010