March 6th, 2009 by roostblog in Real Estate
The national unemployment rate rose to 8.1 percent as employers cut an additional 651,000 jobs in February. This is the highest unemployment rate that this nation has seen since late 1983. There have been almost 2 million jobs lost in the last three months alone.
The figures were far worse than analysts had expected and unfortunately there doesn’t seem to be any upside coming in the next several months. So how is the high unemployment rate going to affect real estate?
Previously [...]
February 5th, 2009 by roostblog in Foreclosure
What does it say about a real estate market when there are more square feet tied up in various states of foreclosure than there are currently available for sale?
For one thing it says that times are tough and these towns need some real help!
We muscled through a large number of public sources of information and found well over one thousand towns/cities across the US are in this situation. And from that group, we identified the following 10 cities and towns [...]
February 3rd, 2009 by roostblog in Real Estate
What do you think it signals when a city or town has more homes in foreclosure than traditional listings?
a) Buyer beware – it means that market is headed for a fall
b) Buy opportunity – it means buyers have leverage
c) Neither
Please provide your answer in the comment section with any additional tidbits of information you might have.
December 16th, 2008 by roostblog in Foreclosure
Obviously foreclosures have garnered a lion’s share of the real estate news over the last year. Many websites have popped up almost overnight touting the completeness of their foreclosure data but most sites only show a fraction of the properties available. Just like with our resale data, where we bring the most comprehensive data set because of our access to local MLS information, Roost has aligned itself with First American CoreLogic, a member of The First American Corporation to provide [...]
December 9th, 2008 by roostblog in Foreclosure
We’re pleased to announce a partnership with First American Corelogic today that brings the most complete set of foreclosed home listings to Roost.com. Now, in addition to Homes for Sale in the MLS, Homes for Sale by owner and New Construction property listings Roost can offer consumers access to over 1.5M properties in the foreclosure [...]
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