Brought to you by Batteries Unlimited
Monday, March 12, 2012
Mixed signals indicate that the national real estate market is poised for a slow recovery. Existing home sales are up and inventory is dropping. Yet, prices are also continuing to decline. The National Association of Realtors reported that between December 2011 and January 2012, existing home sales were at 4,570,000 units, which represented at 4.3% increase. During the same time existing home prices fell a $154,700 median, which was a -4.62% drop.
On the new home front, the National Association of Homebuilders reported that from December to January the sale of new homes dropped to 321,000 units. Despite the fact that the supply of new homes fell to 5.6 months, which was a -1.75% decrease, prices are stabilizing. This may indicate that this area of the market is on the verge of a recovery.
Over the past several weeks there have been several news items that should effect the real estate market. Moves at the federal level to help a portion of the holders of underwater mortgages refinance, may stem at least a portion of potential foreclosures and thus prevent this further source of excessive housing inventory. The settlement between the Justice Department and many of the major banks should also have a significant effect on further foreclosure-related inventory growth.
The recent growth in employment should also help the real estate industry. However, excessively tight lending standards will continue to retard the coming recovery. It is suspected that many unemployed workers will have problems reentering the housing market until lending standards substantially adjust. That has typically happened during previous economic cycles as workers reestablish employment history and credit ratings – and lending requirements become more lax.
Keywords: real estate, homes, recovery
Visit It's Your Life with Tim Brunson
There currently are no approved comments for this blog article. To join the discussion click here.
Monday, April 7, 2014 - Why most leaders fail
Monday, April 7, 2014 - In defense of liberalism
Monday, April 7, 2014 - Lessons from the Dachau Death Camp
Monday, April 7, 2014 - Why art will transform Anniston
Wednesday, January 8, 2014 - Jim Epik -- It's Your Life, Friday, 8 AM CST
Wednesday, December 4, 2013 - Dangerous Dogs
Thursday, November 7, 2013 - Never give up – Lessons from a mouse
Thursday, November 7, 2013 - Tom North – It’s Your Life Guest – 8 a.m. CST, November 8
Wednesday, October 30, 2013 - Dilshad Dayani – Guest Friday on It’s Your Life
Tuesday, October 15, 2013 - Dr. Hillary Chollet - Guest - It's Your Life, Friday, Oct 18
Wednesday, October 9, 2013 - Leah Carey --It's Your Life guest Oct 11, 2015
Wednesday, October 2, 2013 - Living with dogs
Tuesday, October 1, 2013 - David Reddick -- It's Your Life, October 4
Tuesday, September 24, 2013 - Froswa Booker-Drew – It’s Your Life Guest, Sep 27, 8 AM
Tuesday, September 17, 2013 - Jim Stevens, It’s Your Life guest, Friday, September 20.
Tuesday, September 10, 2013 - Donna Mae DePola is my guest this week on It’s Your Life
Tuesday, September 3, 2013 - Christine Clifford guest this Friday (Sep 6) on It's Your Life
Monday, August 26, 2013 - Alexandra Chauran, It's Your Life guest, Friday, Aug 30
Monday, August 26, 2013 - Homelessness in NE Alabama
Monday, August 19, 2013 - Chris Vaca – It’s Your Life guest Friday, August 23
Monday, August 12, 2013 - Katy Larsen -- Guest 8 a.m. Friday, It's Your Life
Monday, August 5, 2013 - Pat San Pedro – Guest on It’s Your Life, Friday August 9
Wednesday, July 31, 2013 - Successful Failures
Monday, July 29, 2013 - Rita Flegel, Guest on It’s Your Life, Friday, August 2
Monday, July 22, 2013 - Anna McCarthy, It’s Your Life guest, July 26
Sunday, July 21, 2013 - College football banned in Alabama?
Saturday, July 20, 2013 - What we know about the Zimmerman – Martin case
Monday, July 15, 2013 - Suzanne Casamento -- It's Your Life - July 19
Friday, July 12, 2013 - The US education scam
Tuesday, July 9, 2013 - Attracting the love of your life
Friday, May 17, 2013 - For those who struggle
Friday, May 10, 2013 - Technology redefining our humanity
Thursday, May 9, 2013 - Terrorism makes us do dumb things
Wednesday, May 8, 2013 - This is a bunch of bull
Wednesday, May 8, 2013 - Schools, education, and creativity
Tuesday, May 7, 2013 - The arts and high school drop out rates
Saturday, May 4, 2013 - Are we predictable?
Saturday, March 23, 2013 - Increasing your protection against hackers
Friday, March 22, 2013 - The computer hacker next door
Thursday, March 21, 2013 - U R hacking my computers!
Thursday, March 14, 2013 - Living in an illiterate nation
Thursday, March 14, 2013 - New Pope good for Christianity and the world
Friday, November 16, 2012 - Help with stress
Saturday, November 3, 2012 - My Batteries Unlimited Experience
Thursday, July 26, 2012 - Everyone needs self-promotion
Friday, July 13, 2012 - Law enforcement and community transformation
Thursday, July 5, 2012 - Surviving your mid-life crisis
Friday, June 29, 2012 - Mind over matter in medicine
Thursday, June 21, 2012 - Career changes later in life
Thursday, June 14, 2012 - From tragedy to empowerment
Thursday, June 7, 2012 - Change your focus, change your brain
Thursday, May 31, 2012 - Lessons about life from those who are dying
Thursday, May 24, 2012 - Surviving a mindless marriage
Thursday, May 17, 2012 - The impact of the mind on breast cancer survival
Thursday, May 10, 2012 - Providing Chiropractic care to the Hispanic population
Thursday, May 3, 2012 - Dating and lasting romantic relationships
Thursday, April 26, 2012 - Using relaxation to increase concentration
Monday, April 16, 2012 - “It’s Your Life” on WDNG
Tuesday, April 10, 2012 - US Real estate wrap up for March 2012
Saturday, April 7, 2012 - Medical care: When the risk is greater than car accidents and gunshots
Wednesday, March 28, 2012 - Affecting insomnia without the use of pills
Wednesday, March 28, 2012 - Common sense economics
Wednesday, March 28, 2012 - A psychotherapist as an enabler
Wednesday, March 28, 2012 - Irritable Bowel Syndrome and mental health
Wednesday, March 28, 2012 - Playing good-cop or bad-cop as part of effective parenting
Wednesday, March 28, 2012 - Do Professional Certifications REALLY Matter?
Tuesday, March 27, 2012 - Can Financial Incentives Motivate Older Adults to Achieve Fitness Goals?
Tuesday, March 27, 2012 - Teaching manners to kids and the development of empathy
Tuesday, March 27, 2012 - You vs your co-worker: How to win disputes at work
Monday, March 26, 2012 - The challenge of smoking cessation
Wednesday, March 21, 2012 - Existing home sales drop in February
Tuesday, March 13, 2012 - Hypnotherapy and fibromyalgia
Monday, March 12, 2012 - US Real estate wrap up for February 2012
Friday, March 9, 2012 - February unemployment did not drop
Sunday, February 26, 2012 - Hypnosis for Weight Loss
Tuesday, February 21, 2012 - The Politics of Stupidity
Friday, February 10, 2012 - A simple formula for change and transformation
Wednesday, February 8, 2012 - Greed is not Always Good
Sunday, February 5, 2012 - Stopping smoking habits can be difficult
Saturday, February 4, 2012 - Calhoun County’s Vulnerability to Federal Handouts