Home prices continue to firm up as demand is reported to be increasing faster than supply. From the current survey, 69 percent of respondents to the REALTORS® Confidence Index reported constant prices, higher than July’s figure of 64 percent. About 30 percent reported constant prices while 39 percent reported rising prices. About five percent reported seeing price increases of 10 percent or more.
Supply is restrained to due foreclosures not coming to the market and lack of organic sellers. Let’s just let all vacant homes come to the market this afternoon and mandate courts to get through the foreclosures process in less than 3 months and not have this extend and pretend model where it takes 300 – 1,000 days to foreclosure legally on a home. FASB 157 was created to help capital reserves but to not promote madness
[...] Information: National Association of Realtors This entry was posted in Massachusetts Economy, Massachusetts Real Estate, Moving to Boston, [...]
[...] all the numbers hinting at a housing market recovery (the National Association of Realtors posted another positive chart this afternoon), it’s a good time to take a look at a recent speech by Elizabeth A. Duke, a [...]
[...] the numbers hinting at a housing market recovery (the National Association of Realtors posted another positive chart this afternoon), it’s a good time to take a look at a recent speech by Elizabeth A. Duke, a [...]