Residential Housing Outlook
Seattle: Home Builders Grab Foreclosed Projects, Get Back Into Market
While demand and prices for land in King, Pierce and Snohomish counties are still depressed compared with the height of 2006, a small group of local and national home builders is emerging to snap up unfinished projects repossessed by banks. Full Story
Memphis: Construction Jobs Rocked By Permits
New home construction in Shelby County plunged last year with just 385 permits pulled for new single-family construction, down from 842 in 2008 and the historic height of 4,730 in 2005. The dramatic drop has led to the loss an estimated 15,000 construction-related jobs. Full Story
St. Louis: Condo Conversions Help Attract More Residents
Despite the housing market’s slide, downtown St. Louis continues to attract more residents. In fact, the downturn might even be helping in a way. Full Story
Denver: Stimulus Tax Credit Pushed 2009 Home Sales
The American Recovery and Reinvestment Act’s $8,000 first-time homebuyer tax credit helped drive about half of metro Denver’s existing home sales during 2009. Full Story
Boston: State Of Housing: Mostly Above Water
Massachusetts is a hot spot for home equity when compared with the rest of the nation, but pockets of distress remain as strategic defaults and foreclosures escalate in neighborhoods where housing prices have fallen far below mortgage debt. Full Story
Charlotte: Fewer Opt For Adjustable-Rate Home Loans
The once popular adjustable-rate mortgage has fallen out of favor with borrowers, and more homeowners are working faster to whittle down their mortgage debt. Full Story
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