New-home construction jumped throughout the U.S., unexpected news that fueled speculation about a housing recovery.
Framer Joe Jacques worked on a new house in Windham, N.H., on Tuesday. Despite promising numbers, some observers say it could be 2013 or 2014 before the market truly recovers.
New-home construction popped to a five-month high in June, surprising economists and fueling hope that the long-struggling U.S.
Tim Ellis, perhaps Seattles most-famous proponent of the argument that the Seattle areas housing market overheated with the rest of the country during the housing bubble, just bought a home in Everett.
Feel free to use this thread to comment on what an idiot and a sellout I am, or whatever other sentiment you are inclined to share, Ellis, also known as The Tim, wrote on his blog, Seattle Bubble. I fully expect this decision to be picked to pieces by all of you that frequent these pages with your clever minds and quick wits, so please ask me anything you’re dying to know.
Home prices are expected to remain essentially flat over the next five years, with sluggish increases roughly keeping pace with the rate of inflation.
That’s the consensus of a leading group of more than 100 economists and other leading experts assembled to examine trends in the housing market. Although nearly two-thirds of the group believe that home values have either already bottomed out or will do so by the end of the year, they also see home prices increasing by only 2 percent a year through 2015. “If it were to materialize, such a scenario might be better described as a forecast of price stability rather than a rebound,” said Robert Shiller, co-founder of MacroMarkets LLC financial company that conducted the survey. “ Read full post…
Tim Ellis, perhaps Seattles most-famous proponent of the argument that the Seattle areas housing market overheated with the rest of the country during the housing bubble, just bought a home in Everett.
Feel free to use this thread to comment on what an idiot and a sellout I am, or whatever other sentiment you are inclined to share, Ellis, also known as The Tim, wrote on his blog, Seattle Bubble. I fully expect this decision to be picked to pieces by all of you that frequent these pages with your clever minds and quick wits, so please ask me anything you’re dying to know.
