(Jacksonville, FL – Feb. 3, 2010) “Jacksonville is being affected by the same problems as other U.S. and Florida economies: rising unemployment, foreclosures and a weak consumer. While Jacksonville’s job market is slightly stronger than most of the other large economies of Florida, its housing market depends more on job ...
Read MoreAuthor Archives: Metrostudy News
Slight Improvement in Naples-Fort Myers Housing Market
(West Palm Beach, FL – Feb. 2, 2010) Metrostudy’s fourth-quarter survey of new-home construction showed a slight improvement in market conditions in Collier and Lee counties, as inventories of new homes fell slightly, and the pace of move-ins once again exceeded the pace of new starts, said Bradley F. Hunter, ...
Read MoreDemand for Single-Family New Homes May Outpace Supply
(San Francisco, CA – Jan. 26, 2010) The supply of finished new single-family detached homes in the Bay Area market continues to dwindle. Overall new-home inventory totaled 4,355 units for the nine-county region at the end of the fourth quarter of 2009, a 6.2-month supply. However, of this total, only ...
Read MoreSacramento Builders Lower Prices to Compete with Foreclosed Home Pricing; Inventory Dwindles
(Sacramento, CA – Feb. 2, 2010) An abundance of distressed housing inventory continues to keep home values and sales prices low in Sacramento, said Greg Gross, director of Metrostudy’s Sacramento division. Builders are now reducing base prices to compete directly with foreclosures and short sales. Short sales are sales of ...
Read More01/06/10: Real Estate, Development and Construction Lending Summit
Wednesday, Jan. 6, 2010 9 a.m. – noon Salt Palace Convention Center Room 255, Section B-F 100 South West Temple 3 C.E. credits pending approval (real estate, mortgage, appraisal) RSVP Link Event Agenda Welcome: Governor Gary R. Herbert State of Utah’s Lending Environment: Ed Leary, Utah Commissioner of Financial Institutions ...
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