Home Construction Numbers Reverse Course In May
NuWire Investor: Written by: Austin Kilgore - The 10 percent drop in May housing starts ended a 4 month run, with the decline expected to continue on the back of lower issuance of new housing permits. A sharp 17 percent decrease in single family home numbers implies that the housing market could slip further, without the boost of the homebuyer tax credit, and in spite of low mortgage rates.
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Forecasts For International Real Estate Markets In Second Half Of 2010
NU Wire Investor - The global property market is moving in a positive direction, however, not all markets are on the upswing and investors should be careful to consider economic, political and other factors before buying into any market. While Latin America and the US overall offer strong upside potential, markets in Europe, the Middle East, North Africa and Asia have markets that are both up and down. See the following article from...
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Less Than Half Of Foreclosed Homes Had Negative Equit
NU Wire Investor - Written by:Jon Prior - Despite the characterization of homeowners abandoning mortgages to escape negative equity, RealtyTrac finds a strong correlation between job loss and foreclosure. While RealtyTrac's foreclosure data finds underwater properties in the minority, the crisis is likely to continue into 2012 due to the multitude of factors triggering default.
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