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The following is a reprint in full, writtein by Lawrence Yun, Chief Economist with the National Association of Realtors. It meshes with what we've been seeing locally, many potential buyers believe it's a good time to buy, but feel, for one reason or another, that they can't get financing. We urge those folks to see us. We have a group of trusted lenders that offer, in total, a wide array of loan products.
MAY 2012 | BY LAWRENCE YUN
Home sales volume last year was up modestly over 2010, but there was an important shift in their composition:
This is a reprint explaining a paradox that we are seeing locally, too. The reluctance of buyers to enter the market, and ownership-made-more-difficult by more recent financing regulations has driven many households to rentals. This demand has in turn greatly increased rental rates to the point the cash disparity between ownership and renting is at an all time high, (in favor of ownership). That in turn has turned investors on. This article explored the influence on "homeownership rate".
This is a reprint from a highly respected research group called "Corelogic", published in July, 2012.
Summary Quoted: At the halfway point, 2012 is increasingly looking like the year that the residential housing market may have turned the corner,” said Anand Nallathambi, president and CEO of CoreLogic. “While first-half gains have given way to second-half declines over the past three years, we see encouraging signs that modest price gains are supportable across the country in the second-half of 2012.”
This link will take you to the whole article: http://newsgeni.us/?p=104981
A remarkable blog by John R. Talbott, printed here verbatim in its entirety, from the January 18, 2012 issue of The Huffington Post. It's incredibly insightful and comes from the only predicter of the housing bust itself...brief and persuasive! A must read for anyone contemplating a home purchase.
Homes - Buy Now!
John R. Talbott (www.huffingtonpost.com/john-r-talbott)
Author, "How I Predicted the Global Economic Crisis: The Most Amazing Book You’ll Never Read"
Homes - Buy Now!
John R. Talbott (www.huffingtonpost.com/john-r-talbott)Author, "How I Predicted the Global Economic Crisis: The Most Amazing Book You’ll Never Read"
The following is the concluding paragraph from the Forbes article shown, published 11/14/2011. A link to the original is provided.
Pamela Rosenau, Contributor for Forbes....the following article published in Forbes on 11/14/2011
Home Cooking: Signs That the Housing Market May Be At The Bottom
Pamela Rosenau, Contributor for Forbes....the following article published in Forbes on 11/14/2011
Home Cooking: Signs That the Housing Market May Be At The Bottom
2012 Predictions from NAR’s Annual Conference Bring Good News to Homeowners and Buyers14 November 2011
These are quotations from the annual (2011) conference of the National Conference of Realtors....(our own Christopher Mitchell was there, as current President of the local association of realtors.) We would expect the southwestern Illinois area to outperform national predictions because of our far more stable economy.
These are quotations from the annual (2011) conference of the National Conference of Realtors....(our own Christopher Mitchell was there, as current President of the local association of realtors.) We would expect the southwestern Illinois area to outperform national predictions because of our far more stable economy.