January 16, 2007

Insurance Rates to Drop


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Mobile phone use on aircraft is also prohibited and many airlines claim in their in-plane announcements that this prohibition is due to possible interference with aircraft radio communications.

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Real Estate to Bloom in Springtime?

 

Investors might discover in the weeks ahead that calling a bottom in the housing downturn is a mug's game.   First, it had been looking to some like a bottom might be at hand. Then, Lennar Corp. said it expected to show a large loss on the back of land write-downs of $400 million to $500 million. The home builder said it has yet to see "tangible evidence of a market recovery." Later on, the National Association of Realtors said its index of pending home sales, which is based on how many sales contracts have been signed in a given month, slipped in November. The Dow Jones index of home-building shares fell 4.3%.

 

This is a slow time of year for the housing market. Little wiggles in actual activity can look bigger after statisticians make their seasonal adjustments. A warm January can distort the view even more. Home builders say they won't know for sure if the downturn is over until the spring, when seasonal activity picks up.

 

Here is one reason to be careful about calling a bottom now. A large number of homes for sale are unoccupied.   Read the full story here…

 

Then leave us your comment about the article. What is your opinion about the state of the real estate market now? Maybe you would like to share with us your views on housing market in 2007?

 

 

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January 14, 2007

Home Shopping in a Buyers Market


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Americans Struggle to Afford Housing

 

Accoring to a new study, U.S. home prices may have dipped over the past year, but many American workers would still struggle to afford a median-priced home in major cities.

 

"American workers are really not gaining ground and they're so far behind in the first place," said Barbara Lipman, research director for the nonprofit Center for Housing Policy, which conducted the study.

 

While the median home price in the 202 largest metropolitan areas declined 2 percent from a year ago to $248,000 in the third quarter of 2006, mortgage rates rose enough over the year that homes actually became less affordable as pay did not keep pace.   "The real story is what happened to salaries," Lipman said. "Lower-paid occupations - such as in retail, or home health workers - their salaries went up only about 3 percent."

 

Read more about Americans struggling to afford their housing…

 

Then leave us a comment about the article. Are you also struggling to afford your monthly house expenses? We would love to hear from you.

 

 

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January 12, 2007

New Home Sales Rising

New Home Sales Rising

 

According to a government report, homebuilding, one of the most battered sectors of the U.S. economy in recent months, showed surprising strength in November.

 

New homes sold at an annual pace of 1.05 million, up from the revised annual rate of 1.01 million in October. Economists surveyed by Briefing.com had forecast that home sales would rebound to a 1.02 million pace.

 

The median average home price came in at $251,700 in November, up from the $248,500 level in October. The median price, that is, the point at which half the homes sell for more and half sell for less, had shown declines earlier in the fall because of a glut of homes available for sale on the market.

 

Get the full story here…

 

If you're in the market for a new home, tell us how you feel about the current state of new home sales.  Does it make you feel inclined to wait, or hurry, with a new home decision.  We'd love to hear your comments.

 

 

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