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There have been a few times on this blog when I have stated that my belief is that most of the jobs that were let go in 2008 and 2009 we’re never coming back. I’ve had that confirmed by a news story last week where interviews were done with many CEOs on the subject. However, [...]
Not that we didn’t know this, and not that I’m necessarily repeating myself, but home owners are still facing big problems in this country, as well as the entire real estate industry. A report came out this week saying that only around 5% of home owners have been able to get new mortgages to adjust [...]
The residential real estate market is still in trouble across the country. On Tuesday, the National Association of Realtors released a report saying that 80% of all homes in major cities had home prices fall in the 3rd quarter of the year. They said that more than 30% of all home deals came from “discounted [...]
How strange. Just yesterday I wrote and said not to get too excited over home prices rising, and the next day a report comes out saying sales of new homes dropped drastically. Then the Commerce Department comes out with a report saying that new home sales dropped 3.6% in September, the first decrease since March, [...]
Leave it up to the National Association of Home Builders to make me feel good about where I live. Last Thursday, they put out their list of the top ten most affordable and top ten least affordable cities to live in throughout the United States. And my home area, Syracuse NY, sits at number six [...]
