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Market Studies

Report: Connecticut Home Sales Decline Eases in September

Single-family home sales in Connecticut dropped 5.3 percent in September from a year ago, bucking a 12-month trend of double-digit percentage declines, according to a new report from The Warren Group, publisher of The Commercial Record and a provider of New England real estate data.

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Housing Predictor Forecasts Top 10 Most Promising Housing Markets

Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity. These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says.

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Home Prices Decline Nationally, Some Counties Increase, IAS Says

Integrated Asset Services LLC (IAS), an REO management and disposition company based in Denver, Colorado, released its IAS360 House Price Index for September 2008. The monthly report showed a 2.1 percent decline in house prices on a national level in September, with an annual decline of 13.

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Craig Long LLC Adds Associate Attorney

Craig Long LLC, a real estate law firm with offices in Cumming and McDonough, Georgia, announced today that Ashley Carroll has joined the firm as an associate attorney. In this role, Carroll will conduct closings and handle other general legal practice matters for the firm’s McDonough office.

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NAR: Home Sales Down on Tight Credit and Economic Slowdown

Pending home sales in September fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors (NAR). The association released its Pending Home Sales Index (PHSI) today, which is a forward-looking indicator based on contracts signed in September.

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Lender Survey: GSE Takeover Was Necessary

According to information released today from MORTECH LLC, a company that has provided research on lender attitudes and behavior and their use of technology for the last twenty years, early returns to the MORTECH 2008 survey show lenders overwhelmingly agree that the federal government had good reason to intervene in the operations of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac when it stepped in and took conservatorship of the two companies on September 7 of this year.

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MBA Survey Shows Shift to Fixed Rate and Government Loans

Borrowers who took out mortgages in the first half of 2008 showed a strong preference for fixed rate mortgage products due to a decrease in fixed mortgage rates and the continued tightening of lending standards, according to the Mortgage Bankers Association’s (MBA’s) Mortgage Originations Survey released today.

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Vacant Homes on Market Edge Upward

The number of vacant residential properties for sale inched up to 2.23 million units in the third quarter of 2008 from 2.1 million units in the second quarter, according to a Census Bureau report released last week.

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