Illinois Fourth Quarter Home Sales Finish Strong, Up 35.6 Percent Buyer Market Conditions Continue as 2010 Begins
SPRINGFIELD, IL - February 11, 2010 - (RealEstateRama) -- Fueled by the tax credit incentive, home sales rebounded in the latter half of the year with Illinois buyers gaining some long-awaited confidence bolstered by low mortgage interest rates and moderating home prices. According to the Illinois Association of REALTORS® (IAR) fourth quarter 2009 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,822 in the fourth quarter, up 35.6 percent from 21,986 home sales in the same period a year ago. For the year 2009, total sales were down 1.4 percent with 107,613 homes sold compared to 109,195 sales in 2008Full article: Illinois Fourth Quarter Home Sales Finish Strong, Up 35.6 Percent Buyer Market Conditions Continue as 2010 Begins ...
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- Green Homes Market Expected to Increase Five-Fold by 2016—Up From a $17 Billion Opportunity Today
WASHINGTON, D.C. - February 9, 2012 - (RealEstateRama) -- McGraw-Hill Construction, a part of The McGraw-Hill Companies (NYSE: MHP), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando. Green homes comprised 17% of the overall residential construction market in 2011 and are expected to grow to between 29% and 38% of the market by 2016. By value, this equates to a five-fold increase, growing from $17 billion in 2011 to $87-$114 billion in 2016, based on the five-year forecast for overall residential construction.
- Refinance Activity Increases as Rates Hit Survey Lows
WASHINGTON, D.C. - February 8, 2012 - (RealEstateRama) -- Mortgage applications increased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2012.
- Solid Second-Half Activity Let 2011 Metro Chicago Real Estate Market Surpass Prior Year Home Sales Total
CHICAGO, IL - February 8, 2012 - (RealEstateRama) -- The metropolitan Chicago real estate market enjoyed a solid six months of home sales activity during the last half of 2011, recovering from a lackluster performance during the January-June period to ...
- SIOR PRESIDENT GEOFFREY KREUSSER URGES GOVERNMENT TO ENERGIZE PRIVATE SECTOR BUSINESS
NEW YORK, N.Y. - February 7, 2012 - (RealEstateRama) -- “The annual joint meeting of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) and the New York and New Jersey Chapters of the Society of Industrial and Of...
- MBA: Ten Percent of Non-Bank Commercial/Multifamily Debt Will Mature in 2012, Down From 2011
Atlanta, GA - February 6, 2012 - (RealEstateRama) -- Ten percent, or $150.6 billion, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2012, a 3 percent decline from the $154.7 billion that matured in 2011, and an 18 percent decline from 2010 according to today’s release of the Mortgage Bankers Association’s (MBA) 2011 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes.
- 2011 Q4 Commercial/Multifamily Mortgage Originations Up 13 Percent from 2010 Q4; 2011 Total Up 64 Percent from 2010 Total
Atlanta, GA - February 6, 2012 - (RealEstateRama) -- Commercial/multifamily originations during the fourth quarter of 2011 were up 13 percent over the fourth quarter of 2010, but fell 7 percent from the third quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
- VOIT REPORTS POSITIVE NET ABSORPTION FOR THE TENTH CONSECUTIVE QUARTER IN INLAND EMPIRE INDUSTRIAL MARKET
Inland Empire, CA - February 2, 2012 - (RealEstateRama) -- In the fourth quarter of 2011, the Inland Empire industrial market displayed positive net absorption for the tenth consecutive quarter, posting 1.8 million square feet, for a total of 13.6 million square feet in all of 2011, according to the Fourth Quarter Market Report from Voit Real Estate Services. The market demonstrated steady activity in Q4 2011, as vacancy dropped 22 percent below its 2010 rate and construction began on a number of large industrial properties, according to Walt Chenoweth, Executive Vice President of Voit’s Inland Empire office.
