One of the main points in President Barack Obama's speech about housing in Phoenix on Thursday was how far the housing industry has come since the bust of 2008 and particularly since he took office in January 2009. The president admitted that the housing market has not come all the way back yet and there is still work to be done. But did he overestimate just how far the housing market has come and the role his administration's policies have played in the recovery? It's possible, according to one analyst.
Read More »Survey: Consumers Optimistic About Housing Market for 2015
The level of optimism for the housing market in the U.S. for the fourth quarter of 2014 is at its highest point as it has been at any point during the recovery, according to a recent survey conducted by Trulia.
Read More »October Job Gains Pushing Housing Toward Recovery
The labor market is helping to boost housing recovery despite a weak virtuous cycle between the jobs and housing recently, according to research released by Trulia earlier this week.
Read More »Report: Nationwide Housing Recovery Most Prominent in High-Income Areas
ProTeck noted a census report that revealed a $5,000 increase in median household income in 2013 in Seattle as well as a Forbes Magazine article that listed Seattle as one of the best places for business. Amazon, Costco, Boeing, Microsoft, and Nordstrom all have a presence in Seattle, making for a strong job market.
Read More »Texas Still Among Nation’s Lowest in Foreclosure Inventory
Despite having the third highest number of completed foreclosures of any state for the 12-month period ending August 31, 2014, Texas still had the 10th lowest foreclosure inventory percentage of any state for the month of August, according to CoreLogic.
Read More »Affordability a Concern in Housing Recovery
As the U.S housing market climbs back to healthy, a third of it is less affordable now than it's been all century, according to RealtyTrac. The firm's latest housing affordability report found that 34 percent of the 1,200 U.S. counties it surveyed are at their least affordable, on average, since 2000.
Read More »Tight Credit Still Hampers Recovery
Tight credit restrictions are still slowing the national housing recovery, according to a report released by the Federal Reserve Bank of Boston.
Read More »Recovery Evident in Latest Housing Trends
The home price recovery moved in a less focused and more broad-based direction in May as available listings sank, a housing trend report shows. According to Realtor.com, the median listing price of homes in May this year was $214,900, a rise of 8 percent compared to year-ago levels. Month-over-month, prices ticked up 2.4 percent
Read More »Leading Economic Index Gains Momentum in March
The Conference Board’s Leading Economic Index (LEI) was updated Monday, rising for the third straight month. The LEI increased 0.8 percent in March to 100.9, outpacing increases of 0.2 percent in January and 0.5 percent in February.
Read More »The 2014 Housing Market: Still on the Road to Recovery
We can expect to see the U.S. housing market cool off as we move into 2014 for a number of reasons–some economic, some specific to the housing market itself. And the implications are significant for companies in the default services industry.
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