Home prices nationally declined by 4.2 percent in the first quarter of 2011 after having fallen 3.6 percent in the fourth quarter of 2010 and have now regressed to their mid-2002 levels, according to the S&P/Case-Shiller Home Price Index released this mo
Foreclosure activity last month dropped 9 percent from March 2011 and 34 percent from April 2010, according to RealtyTrac's latest U.S. Foreclosure Market Report. Foreclosure filings, which include default notices, scheduled auctions, and bank repossessi
Freddie Mac last week released its U.S. Economic and Housing Market Outlook for May showing a pick-up in economic growth in the second half of 2011 and a projected 5 percent increase in 2011 home sales over 2010, on a calendar year basis.
As part of its multi-year effort to consolidate its management structure, PulteGroup will eliminate as many as 10 executives at the divisional president level or higher, according to a Wall Street Journal report. The cuts come several months after Pulte
Mobile, Ala., and Tacoma, Wash., are among the 10 housing markets that will see the biggest rebound in 2011, according to 24/7 Wall St. Review, which analyzed data from Fiserve Case Shiller. The list indicates that two kinds of real estate markets are on
Clear Capital released its monthly Home Data Index (HDI) Market Report, and reports prices have double dipped nationally 0.7 percent below prior lows experienced in March 2009. This month’s HDI Market Report provides the most current (through April 201
Trumark Homes, in a joint venture partnership with Resmark Equity Partners, is planning to build two residential communities in San Jose and Santa Clara, Calif. Once completed, the anticipated revenue from both developments will total approximately $148
As more home builders flock to housing markets that have remained relatively healthy through the downturn, the increased competition is starting to impact sales, according to new data from John Burns Real Estate Consulting. Raleigh, N.C., and San Diego a
Home-sales contract activity has now increased six of the past nine months, as the Pending Home Sales Index saw gains in March, according to the National Association of Realtors. The index, a forward-looking indicator based on contract signings, rose 5.1
