Number of ‘Improving’ Housing Markets Nearly Doubles

The number of housing markets showing measurable improvement nearly doubled in January, with the addition of 40 new metros to the Improving Markets Index put out by First American and the National Association of Home Builders (NAHB). The index tracks housing markets that are showing signs of improving economic health based on three independent datasets …

Continue reading ‘Number of ‘Improving’ Housing Markets Nearly Doubles’ »

California real estate market “struggling to gain momentum”

California home sales are expected to remain essentially flat this year and rise slightly in 2012, according to a housing market forecast from the CALIFORNIA ASSOCIATION OF REALTORS®. The trade group predicted California home sales this year will stay roughly flat compared with 2010, at 491,100 units — a relative improvement given the 10 percent …

Continue reading ‘California real estate market “struggling to gain momentum”’ »

FDIC’s ‘Problem Bank List’ Shrinks for First Time Since 2006

Bad real estate loans from the heyday of the boom have weighed heavy on banks’ balance sheets, forcing 365 FDIC-insured institutions to close up shop over the last two-and-a-half years. The FDIC keeps a list of banks it considers to have a high-risk of failure. This so-called “Problem List” has declined for the first time …

Continue reading ‘FDIC’s ‘Problem Bank List’ Shrinks for First Time Since 2006’ »

Is it cheaper to buy or rent in your area?

It’s today’s real estate quandary–to buy or to rent?  As you might suspect, that answer differs on where in the country you live.  Long Beach, CA? It’s a great time to buy!  But for New York City residents, it’s much more economical to stay renting. Thanks to Trulia, there’s a engaging graph that clearly shows …

Continue reading ‘Is it cheaper to buy or rent in your area?’ »