The current housing downturn is shaping up to be the worst in 50 years, and it has not yet run its full course, according to the annual “State of the Nation’s Housing” report issued on June 23 by the Joint Center for Housing Studies of Harvard University.
“Despite product cuts rivaling those in the 1978-1982 downturn, […]
Archive for June, 2008
If gas prices continue their inexorable rise, commuting costs will become a critical factor in where people choose to live, according to transit specialists and economists. Most will probably not take as radical a step as relocating; instead, the next time they have to move, for a job or a bigger house, proximity to work […]
NAHB’s Multifamily Rental Market Index Down for Fourth Quarter 2007
(Washington - March 5, 2008) - Builder confidence in the rental apartment market sagged in the fourth quarter of 2007, according to the latest results of the Multifamily Rental Market Index (MRMI) released today by the National Association of Home Builders (NAHB).
“The housing market is […]
6/10/2008
KIPLINGER RANKS AUSTIN 6TH BEST
Author: KIPLINGERS
ROCKERS, TACOS AND CHIPS
Population: 1,506,425
Population Growth Since 2000: 17%
Percentage of Workforce in Creative Class: 36.5%
Cost-of-Living Index: 92.8 (100 being national average)
Median Household Income: $52,882
Income Growth Since 2000: 12.2%
Don’t think for a minute that the laid-back, rockers-and-tacos atmosphere of downtown Austin is all this metro area has to offer. In fact, […]
Foreclosures hit a record high — and more coming
Foreclosures surge to a record high — late payments, too, signaling worse to come
The foreclosure hammer is hitting ever harder. People lost their homes at the highest rate on record in the first three months of the year, and late payments soared to a new high, too […]
Real Estate
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly–or even contract–in the first half of the year.
But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country’s strongest housing markets, and solid growth in agriculture, energy and manufacturing, it […]
Stocks down after tepid economic data, bank shakeups
Wall Street retreated sharply Monday on more signs of economic weakness and on executive shake-ups at two major banks — reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell more than 140 points.
Two key economic reports indicated that the economy is […]
