Mario's Mortgage & Real Estate Blog

October 11th, 2010 10:21 AM

Jim Gillespie, president and CEO of Coldwell Banker Real Estate, says without the homebuyer tax credit home prices would not have stabilized and there would’ve been far more foreclosures this year.


Posted by Mario Cerrato on October 11th, 2010 10:21 AMPost a Comment (0)

Recent economic forecasts from industry insiders and expert analysts call for modest improvements in the housing market and overall economy in the next year and beyond. Respondents to the September 2010 MacroMarkets Home Price Expectations Survey expect home prices to fall by just 0.8 percent in 2010 and to gain 0.8 percent next year. It was the first time since the survey began in May that didn’t show increasing pessimism among the responding analysts. In a survey of bank executives done for Bank Director magazine, 60 percent said the economy will remain the same over the next six months and 49 percent of bank CEOs and CFOs said they don’t believe there will be a double-dip recession. Casey B. Mulligan, an economics professor at the University of Chicago, argues that the homebuyer tax credit wasn’t propping up prices as much as reported. Mulligan believes the market will proceed at the same pace as it did when the credit was in place and expects little, if any, reduction in home prices.


Posted by Mario Cerrato on October 2nd, 2010 9:09 PMPost a Comment (0)

 

Charles Lieberman, chief investment officer at Advisors Capital Management, says the housing market’s fundamentals are improving but a full recovery is dependent on job growth.


Posted by Mario Cerrato on October 2nd, 2010 9:06 PMPost a Comment (0)

September 30th, 2010 3:00 PM

Real Estate Market On The Rebound

Sam Zell, CEO of Equity Investments, sees increased activity in the real-estate market and says, despite the dire predictions and forecasts of industry analysts, it is improving slowly and will continue to get better.


Posted by Mario Cerrato on September 30th, 2010 3:00 PMPost a Comment (0)

September 30th, 2010 2:58 PM

Builder Confidence Holds In September

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence in the housing market held steady at 13 in September. The index gauges builders’ perception of the market for newly built, single-family homes. A number below 50 indicates more builders view conditions as poor than good. Despite remaining unchanged from August’s low level, NAHB’s chief economist David Crowe, said he expects, with moderate improvement in the job market, conditions should improve for new-home sales in the year’s final quarter. More here, here, and here.


Posted by Mario Cerrato on September 30th, 2010 2:58 PMPost a Comment (0)

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