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Lawrence Yun, chief economist and senior vice president for research for the National Association of Realtors®, told the Economics Club of the York County Chamber of Commerce that the second half of 2011 should see an improvement in the housing market over the same time last year.
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National and local commentators seem to be filled with welcome optimism regarding the recovery of the economy and its impact on housing markets.
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It seems appropriate in these harsh and uncertain economic times to observe Congressional hearings on the business practices of what were once widely admired executives of American business. When things don’t work out well in their industries, CEOs can expect to be summoned to Capitol Hill to appear at hearings, often for many hours.
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PAR’s consulting economist Dr. Austin Jaffe says price stability and reduced foreclosures are contributing factors needed to stabilize the economy.
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The housing market remains troubled and it may be years before the market levels out, according to Dr. Austin Jaffe, PAR’s consulting economist.
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At the recent PAR Business Meetings, I was honored to be invited to make a presentation. I offered several observations for the changed real estate market.These rules are really judgments or conclusions about the altered housing market environment.
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The housing market is showing signs of recovery but Pennsylvanians may not find homes appreciating as they had been during the boon of the real estate industry.
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After more than two-and-a-half years of median home price declines, everyone is hoping for an upturn. The trouble is that the data just won’t cooperate. In mid-May, NAR reported continuing price declines nationally of nearly 14 percent for the first quarter of 2009. This was due to the increase in foreclosure sales at...
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According to Governor Ed Rendell, nearly 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families across Pennsylvania will find affordable housing and jobs will be created for some 3,000 workers.
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Thursday, May. 17, 2012
