The Changing Real Estate Market

November 20, 2012  |   No Comments Yet

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If you are like most people, the news you hear about real estate can be very confusing. On one hand, real estate has been one of the hardest hit sectors of the economy, and much of the news still reflects this. On the other hand, there are some reports about real estate being one of the most positive indicators of an economic recovery.

Here are some of the most recent developments you need to know:

  • Homebuilder Confidence is rising. According to the National Association of Homebuilders, it’s the highest it has been since before the foreclosure crisis began in 2007. This is important because it means that professionals are optimistic about the housing market again. Now, because of how long it takes for homebuilders to ramp up their businesses, it will still be a while before we see a ton of new homes built, but this is definitely a positive sign.
  • Housing starts have increased — 535,000 Single Family Homes were started in August. This is still lower than we need however, there is not enough inventory to cover the demand (especially with historically low interest rates). Existing home sales have also skyrocketed according to the National Association of Realtors. In fact they have gone up almost 10% since this time last year. If you are looking to buy a new home, this is quite possibly the most affordable time in history to buy a home.
  • Underwater properties are still a large part of the market. In fact according to the NAR, more than one in five of all home sales is a property that is either behind on their payments or in the foreclosure process. The good news is that this market offers an opportunity for just about everyone. If you are underwater or in danger of losing your home to foreclosure then there have never been more opportunities than there are in today’s market to sell your home and find a dignified solution.

I would love to discuss how today’s market fits your needs. Please feel free to contact me for a free confidential consultation!

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Server Error in '/' Application.

The given key was not present in the dictionary.

Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.Collections.Generic.KeyNotFoundException: The given key was not present in the dictionary.

Source Error:

An unhandled exception was generated during the execution of the current web request. Information regarding the origin and location of the exception can be identified using the exception stack trace below.

Stack Trace: 


[KeyNotFoundException: The given key was not present in the dictionary.]
   System.ThrowHelper.ThrowKeyNotFoundException() +39
   System.Collections.Generic.Dictionary`2.get_Item(TKey key) +52
   DiverseSolutions.Beast.API.Controllers.APIController.Disclaimer(DisclaimerResponseDirective responseDirective) in c:\jenkins\workspace\Diverse_DotNet_Jobs\beast-api\beast-api\App\Controllers\Disclaimer.cs:38
   lambda_method(Closure , ControllerBase , Object[] ) +139
   System.Web.Mvc.ReflectedActionDescriptor.Execute(ControllerContext controllerContext, IDictionary`2 parameters) +279
   System.Web.Mvc.ControllerActionInvoker.InvokeActionMethod(ControllerContext controllerContext, ActionDescriptor actionDescriptor, IDictionary`2 parameters) +35
   System.Web.Mvc.<>c__DisplayClass15.<InvokeActionMethodWithFilters>b__12() +80
   System.Web.Mvc.ControllerActionInvoker.InvokeActionMethodFilter(IActionFilter filter, ActionExecutingContext preContext, Func`1 continuation) +474
   System.Web.Mvc.ControllerActionInvoker.InvokeActionMethodFilter(IActionFilter filter, ActionExecutingContext preContext, Func`1 continuation) +474
   System.Web.Mvc.ControllerActionInvoker.InvokeActionMethodFilter(IActionFilter filter, ActionExecutingContext preContext, Func`1 continuation) +474
   System.Web.Mvc.ControllerActionInvoker.InvokeAction(ControllerContext controllerContext, String actionName) +2170
   System.Web.Mvc.Controller.ExecuteCore() +113
   System.Web.Mvc.ControllerBase.Execute(RequestContext requestContext) +91
   System.Web.Mvc.<>c__DisplayClassb.<BeginProcessRequest>b__5() +68
   System.Web.Mvc.Async.<>c__DisplayClass1.<MakeVoidDelegate>b__0() +25
   System.Web.Mvc.Async.AsyncResultWrapper.End(IAsyncResult asyncResult, Object tag) +10
   System.Web.CallHandlerExecutionStep.System.Web.HttpApplication.IExecutionStep.Execute() +3359
   System.Web.HttpApplication.ExecuteStepImpl(IExecutionStep step) +220
   System.Web.HttpApplication.ExecuteStep(IExecutionStep step, Boolean& completedSynchronously) +2407

Version Information: Microsoft .NET Framework Version:4.0.30319; ASP.NET Version:4.8.4676.0