Posted by Susy Thielen on October 26th, 2006 — in Housing News
by Chris Isidore, CNNMoney.com senior writer
October 26 2006: 12:04 PM EDT
NEW YORK (CNNMoney.com) — New home prices took their biggest hit in more than 35 years in September, the government said Thursday, the latest sign that builders are struggling to unload a glut of unsold homes as the nation’s real estate market cools.The lower prices may have worked, as the annual pace of new home sales climbed 5.3 percent to 1.08 million last month, according to the Census Bureau report. Economists surveyed by Briefing.com had forecast a reading of 1.05 million, which would have been flat with the initial August reading.
But the median price of a new home tumbled 9.7 percent from a year earlier to $217,100. It was the sharpest drop since December 1970, when prices posted an 11.2 percent decline, and was the fourth largest year-over-year decline on record. Read the rest of this page »
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Posted by Susy Thielen on October 26th, 2006 — in Housing News
Bedford, NH - New Hampshire Housing Finance Authority on June 21, 2006 released the results of its annual survey of residential rental costs in New Hampshire. The survey results demonstrated that actual rents, particularly in the southern part of the state, were essentially unchanged from 2005. However, the overall cost of rental housing increased and the element that has caused “gross rents” to elevate are utilities, which have been driven by increased energy costs. Read the rest of this page »
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Posted by Susy Thielen on October 26th, 2006 — in Housing News
Tuesday, October 24, 2006
PETER J. CLEARY
Keene Sentinel Staff
Plans to put housing for low-income, senior or disabled people on Emerald Street are on hold for now, as a building Southwestern Community Services was looking at has been sold to another buyer.
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Posted by Susy Thielen on October 12th, 2006 — in Housing News
Thursday, October 12, 2006
Keene Sentinel
JEANNINE AVERSA
Associated Press
WASHINGTON — The go-go days for home prices are over, but Mike Pietrafesa thinks it is still tough for people to buy their first slice of the American dream.
“There are lots and lots of houses for sale that seem as though they are priced ridiculously and they aren’t selling,” said Pietrafesa of Nassau County, N.Y. “I certainly think that the old standard of having 20 percent of your house value as a down payment is really out of the window these days. I definitely think it is harder, in that respect, for first-time buyers.” Read the rest of this page »
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Posted by Susy Thielen on October 3rd, 2006 — in Housing News
October 3, 2006
New York Times
By JANNY SCOTT and RANDAL C. ARCHIBOLD
The burden of housing costs in nearly every part of the country grew sharply from 2000 to 2005, according to new Census Bureau data being made public today. The numbers vividly illustrate the impact, often distributed unevenly, of the crushing combination of escalating real estate prices and largely stagnant incomes. Read the rest of this page »
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