Hope Now, the consortium of banks, mortgage companies and credit counselors hoping to stem the housing crisis, released its August numbers. New foreclosure starts dropped by more than 25% to 224,000. The number of people who actually lost their homes in foreclosure sales was down 16% to 75,000.
Hope Now says the numbers show its program [...]

Available residential listings: 1,451 (down from 1,481 last week and 1,484 two weeks ago)
Homes in escrow: 533 (up from 524 last week and 525 two weeks ago)
Homes closed escrow so far in September: 149

Homes closed escrow in August: 174
Homes closed escrow in July: 181
Homes closed escrow in June: 184
Homes closed escrow in May: 198
Homes closed escrow [...]

You only have around 20 days left to get an accepted offer on a home and be in escrow to be able to qualify for the $8,000 federal tax credit for new homebuyers! Your escrow needs to BE CLOSED by November 30, 2009 and that includes the 30 - 45 days it will take to [...]

We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading.
But today, we need your help. Tell us about the nagging questions you have about the housing market (example: How hard it really is to get [...]

We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading.
But today, we need your help. Tell us about the nagging questions you have about the housing market (example: How hard it really is to get [...]

We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading.
But today, we need your help. Tell us about the nagging questions you have about the housing market (example: How hard it really is to get [...]

We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading.
But today, we need your help. Tell us about the nagging questions you have about the housing market (example: How hard it really is to get [...]

New home sales, after four months of robust gains, only inched up 0.7% in August, the Commerce Department reported Sept. 25.
The government’s monthly new home sales report, which has a wide margin of error, is relatively unreliable. But it follows disappointing results for existing home sales and housing starts.
Existing home sales dropped 2.7% in [...]

The analysts at the investment firm Sandler O’Neil recently did a tour of Manhattan apartment market with some of the big publicly traded management companies including Avalon Bay and Equity Residential.
The news—-much as in other parts of the country—rents are off approximately 15%. The vancancy rate is down to 6%. In the past Manhattan [...]

The stimulus package is well, stimulating. According to the Associated Builders and Contractors trade group, the nation’s construction backlog for July rose 8.9 percent to 6.1 months. The backlog is a measure of how much work construction companies have. The increased business is all coming from infrastructure projects, not new housing developments or factories.

“The [...]