26 Oct 2018
By RESCO Realty

4 Housing Market Trends To Expect In 2019

Real Estate, ,
Just like Fantasy Football players try to predict who will score the most touchdowns, pass for the most yardage and win the Super Bowl, people with an eye on the real estate market also engage in speculation. Like sports fans, expectations are often driven by statistics from the previous season. That being said, these are some of the important housing market trends buyers and sellers can expect in 2019. 1: New Construction To The Rescue (Sort Of) The 2018 housing shortage has been well documented. The inventory shortfall has driven up listing prices and created a powerful seller's market. The…
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23 Oct 2018
By RESCO Realty

NAHB: Builder Confidence in Housing Market Ticks Up in October

Real Estate, ,
Home builder confidence in national housing market conditions rose one index point for a reading of 68 in October. Readings over 50 indicate that most builders are confident about market conditions. Rolling three-month averages showed mixed results. The Northeastern region gained three points for an index reading of 57; the Midwestern region lost two index points with a reading of 57 and the Southern region posted a gain of one point with a reading of 70. The Western region held steady at 74. Readings for sub-categories of the Housing Market index showed a one-point gain to 74 for current market…
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19 Oct 2018
By RESCO Realty

Foreclosure Rates Expected To Dip Below 12-Year Low

Real Estate, ,
The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low. Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans appear to be benefiting from one of, if not the strongest economies in decades. According to data compiled by CoreLogic, mortgage delinquency rates continue to improve and are already at the lowest levels in 12 years. Building on last year's national trend, foreclosures and mortgages more than 30 days past due declined to 4.2 percent in May. Other…
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