While residential real estate continues to founder throughout most of the country, the market in Denver, Colorado is coasting along quite well with two consecutive months of more than $1 billion in sales volume. Although sales volume in July were down 6 percent over June, July’s numbers were still a healthy $1.04 billion with average price of a residential home Read full article »
Tag archives for Residential Real Estate
Denver Residential Real Estate Bright Spot in the Market
Are We There Yet? Real Estate Crisis Could Continue, Say Experts
As housing prices continue to drop, real estate experts believe that the housing crisis may not be over even though the economy appears to be attempting a sluggish recovery. In January of this year, residential real estate prices fell 3.1 percent over the year prior, with Phoenix, Minneapolis and Chicago leading the pack with precipitous drops of more than 9 Read full article »
U.S. Census Bureau Fact or Fiction: 13 Percent Residential Vacancy Nationwide
Thanks to foreclosed homes sitting on the market and depressed sales prices and property values, it is getting harder to move homes for sale in many areas of the country. While many real estate investors are finding ways to work around this, traditional homeowners are, in many cases, giving up and moving on. As a result, last week the national Read full article »
Housing Prices are Headed Back Down
The U.S. housing market is gearing up for a double dip according to recent numbers from S&P/Schiller, and experts believe that “the carnage isn’t over” thanks to rising foreclosures and falling home prices. In fact, some economists are actually predicting a “new cyclical low,” says Alistair Bentley, an analyst at the Toronto-Dominion Bank, adding that the 4.6 percent of the Read full article »
Demand for Pricey Properties Soaring
While the housing market may remain soft for some time in the conventional “bread and butter” market, the luxury home market appears to be on the mend at a much rapider rate. The Hamptons residential real estate market, which most experts expected to be hit hard as people shed their second homes during hard times, barely experienced a dip in Read full article »
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.
