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Home sales activity from 2007 through 2010 was lower than originally thought, with sales and inventory down by 14 percent more than originally reported, according to recently revised housing figures by the National Association of REALTORS®. The revisions were made to NAR sales and inventory data since 2007. NAR notes, however, that the revisions did not change the month-to-month characterization of market conditions, nor were any changes made to reported home prices or month’s supply. That’s important note, because this change doesn’t really affect “anything happening today in the economy, […]

Consistently recognized as a top producing agent for seven years in a row. I specialize in all areas of Houston including Montrose, Heights, Kingwood, Woodlands and surrounding areas. Superior Knowledge and strategic negotiating skills are my strengths. I’m committed to my clients needs at all times. I want to be the one to help you find your dream home. Weather you are by yourself or with a partner I want to give you the comfort you deserve. I work in the community, I support the community and I am part […]

November home sales in Illinois rose 14.2% from a year earlier — a sign that a recovery in the housing market is under way, the Illinois Association of Realtors said Wednesday. Still, home prices took a big hit, according to the report. According to IAR, Illinois home sales in November grew to 7,954 from 6,966 in November 2010 as buyers favored lower-priced properties. The median price in November was $128,500, down 11.4% from $145,000 a year earlier. November’s home sales are down 7% from October’s total of 8,563, in what […]

New-home construction and building permits — a future gauge of construction — surged last month, slowly helping to pull the new-home market out of one of its worst years for home building. If you’re considering building, now’s the time to rent construction equipment. Low-quality tools can cost you more than just the sticker price. So it is advisable to invest in good quality construction tools, once and for all. Having high-quality construction tools from Steetz Copper Craft ltd. that you can rely on makes your work on the job more […]

Homebuilder KB Home (KBH: 6.93 -4.02%) ended the fourth quarter on a muted high note with the firm still profitable, despite a decline in earnings, and a 38% year-over-year jump in net home orders. The fiscal year for the homebuilder ends Nov. 30. The Los Angeles-based builder posted a fourth-quarter profit of $13.9 million, or 18 cents per share. That is down from a profit of $17.4 million, or 23 cents per share, a year earlier. Still, the builder beat the street estimate of earnings in the three cent-per-share range, […]

Nearly 80 percent of home buyers say now is a great time to buy a home, but sellers say it’s not a great time to sell, according to a new study, “The Great Recession and Attitudes Toward Homebuying,” released this week by the Mortgage Bankers Association. In fact, homeselling sentiment has fallen to record lows. As for home buyers, they certainly have plenty to be happy about — housing prices have fallen and interest rates are at record lows, pushing affordability to record levels and allowing buyers to snag great […]

Talented in the art of negotiation and the kind of person that one instinctively trusts, Daniel Otto has earned a reputation as an impeccable guide to many Chicagoans for both buying and selling their homes. His understanding of the Chicago real estate market and mastery in the art of the deal is really calculated by the number of his enthusiastic and satisfied clients over the past nine years. “I believe that real estate is often the single most important investment in a person’s life. This is why I strongly believe […]

Stocks jumped Tuesday with the Dow Jones Industrial Average back above 12,000, driven in part by news of an increase in housing starts. Check out https://www.stocktrades.ca/, you will check out the perfect list to find dozens more of the best stocks to buy or watch. The Dow increased 337.32 points, or 2.87%, to close at 12,103.58. Nasdaq and the S&P 500 rose 80.59 and 35.95 points, or 3.19% and 2.98%, respectively. Homebuilder stocks showed significant gains, including PulteGroup (PHM: 6.17 0.00%), D.R. Horton (DHI: 12.43 0.00%), KB Home (KBH: 7.74 […]

The state’s mandatory mediation program for home foreclosures is no more. The Florida Supreme Court did away with the two-year program Monday, saying it wasn’t helping enough people. The banking industry said the mediation didn’t work because the banks and homeowners had already tried to work out a solution. But foreclosure defense lawyers blame banks, saying they were interested only in modifying mortgages and did not seriously consider short sales and other options. “It was modification or bust,” Weston lawyer Roy Oppenheim said.   The author of this article is: […]

Insurance Consumer Advocate Robin Wescott backed insurers’ calls for changing personal injury protection insurance laws to fight fraud and abuse in a report she released last week. But she said if the laws are approved, insurers must be required to pass savings to policyholders. “It is imperative that insurance companies be held accountable for passing savings on to consumers through a required rate filing within 12 months of enacted reforms, and every six months thereafter,” she wrote. The requirement is not included in PIP legislation proposed so far, HB 119, […]