Category Archives: Economy

New Home Construction Rises To Highest Level In Years

On the back of a stabilizing real estate market, new home construction definitely appears to be on the rise with some of the most recent news, and it’s exciting to hear about. If you’ve recently applied for a new building … Continue reading

Posted In: Birchwood Park Homes, Buying A Home, Economy, First-Time Home Buyer
Tagged: , , , , , , , , , , , , , ,

NY Homes and VA Homes Are Selling So What Are You Waiting For?

Uncertainty and anxiety over the purchase of a home is normal even in the best of economic times, and considering the wild economic ride we’ve all been on over the past five years, it’s no wonder that many buyers – … Continue reading

Posted In: Birchwood at Wading River, Birchwood Park Homes, Buying A Home, Economy, First-Time Home Buyer, Oak Knoll Farms
Tagged: , , , , , , , , , , , , , , , , , ,

Data Shows Home Prices Recovering in Many Markets

A recent article in NAHB’s Eye on Housing blog points to recently released data from the Federal Housing Finance Agency (FHFA) that provides a slightly more optimistic view of the direction of local house prices than the national headlines typically … Continue reading

Posted In: Birchwood at Wading River, Birchwood Park Homes, Economy, First-Time Home Buyer, Oak Knoll Farms
Tagged: , , , , , , , ,

Housing Forecast For 2012 Is Upbeat

Many economists are expecting a brighter year for housing, citing positive economic data in recent months.  The U.S. housing market is beginning to mount a turnaround this year, building toward a solid recovery in 2013, says chief economist of the … Continue reading

Posted In: Birchwood Park Homes, Economy, First-Time Home Buyer
Tagged: , , , , , , , , , , , , ,

Pending Home Sales Rise In November To Highest Level In A Year-And-A-Half

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October … Continue reading

Posted In: Birchwood Park Homes, Economy
Tagged: , , , , , , , , , , , , , , , , ,

New Construction Spending Rises To 18 Month High

Construction spending in the U.S. rose in November for a third time in four months, indicating the industry helped boost growth at the end of 2011. Building outlays increased 1.2 percent, exceeding the median estimate of 46 economists in a … Continue reading

Posted In: Economy, General
Tagged: , , , , , , , ,

Twenty Metros Join List Of Improving Housing Market Index In December

The number of improving housing markets continued to expand for a fourth consecutive month in December, rising from 30 to 41 on the latest National Association of Home Builders/First American Improving Markets Index (IMI), released today. The December list featured … Continue reading

Posted In: Birchwood at Wading River, Birchwood Park Homes, Buying A Home, Economy, First-Time Home Buyer, General, Oak Knoll Farms
Tagged: , , ,

New Home Sales Increase Nationwide

Understanding real estate means looking at trends and realizing that like all markets, things go up and down over time. So what does the market look like right now? Well, we recently got a good indication that things are taking … Continue reading

Posted In: Birchwood Park Homes, Buying A Home, Economy
Tagged: , , , , , , , ,

Homeownership Favored Over Renting

The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That’s according to the combined findings of several recent studies presented during the “Buyer or Renter Nation?” … Continue reading

Posted In: Birchwood at Wading River, Birchwood Park Homes, Buy vs. Rent, Buying A Home, Economy, First-Time Home Buyer, General, Oak Knoll Farms
Tagged: , , , , , , ,

Homeownership Is On The Rise

The nation’s homeownership rate ticked up in the third quarter compared with the second quarter, suggesting that the three-year decline in home ownership may be starting to bottom out. The rental vacancy rate also rose, a possible sign that rising … Continue reading

Posted In: Birchwood at Wading River, Birchwood Park Homes, Buy vs. Rent, Buying A Home, Economy, First-Time Home Buyer, Oak Knoll Farms