Posted by Annalisa Burgos | December 9, 2010
Most economists don't expect a recovery in the housing market in 2011, but some real estate experts say they remain "cautiously optimistic."
Can you believe 2011 is only a few weeks away? Where did 2010 go?
Seemed like yesterday that the market was all abuzz about the homebuyer’s tax credit. The incentive spurred a lot of home buying activity early in the year, but as expected, the flurry slowed down when the credit expired.
We aren’t going to see that same excitement as we start 2011, but the good news is that homes will continue to be affordable.
Prices are still coming down in some markets, so if you’re on the fence, it’s a good time to start looking. And if you’re an investor with lots of cash, there are plenty of opportunities for you.
Find out what else you can expect in the new year >>
Start planning your home purchase >>
Posted by Annalisa Burgos | September 24, 2009
The economist behind one of the most widely watched measures of the residential housing market is not sure where home prices are headed.
I caught up with Robert Shiller (of the Standard & Poor’s/Case-Shiller Home Price Indices) at the “Distressed Real Estate Summit” in New York City, where he shared his insight with more than 700 real estate developers, investors and other professionals. Hear what he has to say:
Shiller told attendees that current government efforts seem “like a big bailout,” and rather, we should focus on setting up “the framework for new economic systems” and “create a liquid market for real estate.”
Shiller is founder and chief economist of investment management firm MacroMarkets and co-developed the methodology behind the S&P/Case-Shiller Home Price Indices, which track changes in home prices in 20 metropolitan regions across the United States. Each month, investors look to the data for insight into the housing market.
Posted by Annalisa Burgos | July 31, 2009
It’s tough not to think about how much your home value has fallen since the peak of the real estate boom. But as financial expert Barry Ritholtz points out, falling prices don’t affect you unless you really have to sell.
Furthermore, delusional sellers are blocking the road to the housing recovery. Until they wake up to the reality of today’s market and price aggressively, they’ll need a dose of HGTV’s “Real Estate Intervention.”
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