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A Frigid February for New Home Sales
A government report shows that sales fell to the slowest pace in 13 years, while durable goods dropped unexpectedly Reports released Mar. 26 show that two key segments of the U.S. economy housing and manufacturing continue to take it on the chin amid the ongoing U.S. slowdown. The reports helped s ...
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A Nasty Surprise on New Home Sales
The February report showed a 3.9% slump, bucking some earlier positive signals in the sector. Harsh winter weather may be the key culprit Those McMansions aren t moving like they used to. Wall Street was caught by surprise on Mar. 26 with the release of a Commerce Dept. report showing a 3.9% drop i ...
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Discounted Homes Going...Going...
The event started an hour late. It took that long to register the crowd of 2,000 people who showed up for a big sale of foreclosed real estate on Mar. 16 at the Los Angeles Convention Center. Auctioneer Jeff Stokes, in a tuxedo and flanked by similarly dressed ringmen, got the crowd warmed up, askin ...
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Haute Homes On The Block
A keyboardist played soft jazz on the veranda, and the dining room was laid out with hors d'oeuvres and soft drinks. More than 30 people milled around the sprawling 7,000 square foot modern country estate, with its 40 foot long pool, seven car garage, and wraparound porches overlooking more than 100 ...
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New Mobile Homes Repo Articles Here...
Home Sales Down 8.4% Could Be At Bottom
Sales of existing homes slid 8.4% last year, the steepest fall in 17 years, but the market probably hit bottom in September and is entering a slow recovery that will last until June, the National Association of Realtors said Thursday. One sign the market could revive this year is that the median ho ...
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If You Can Not Sell Your Home Try An Auction
Most home sellers resist auctioning their houses, considering it an act of desperation. Auctions can deliver a better bottom line than many people realize, however, and are often only a bit more costly than a good broker. The increasing number of mortgage companies auctioning off defaulted property ...
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Mobile Homes Can Be Less Vulnerable To Wind
Mobile homes are typically hard hit by hurricanes or even moderately strong winds. Much of the damage can be avoided, says Elliot Schrank, extension associate in the Department of Design and Environmental Analysis. Schrank, a licensed architect, says that poor design and manufacturing practices ar ...
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Sales Of New Homes Rise 2.7%
September sales of new homes rose 2.7% from August, but economists and housing experts say the turmoil in the financial markets makes it too soon to declare a bottom to the housing market's downturn. Sales of single-family new construction fell to a seasonally adjusted annual rate of 464,000, down ...
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