The real estate market is recovering but still faces hurdles, notably from tight mortgage credit, but problems with a sizeable share of real estate appraisals also are holding back home sales, according to NAR survey findings.
"If Americans carry on with that mindset, it will continue to cause problems as the economy undergoes a slow recovery," says a senior analyst at JZ Analytics about alarming results from a recent poll on strategic default.
The Appraisal Institute is teaming with an energy agency to asses energy efficiency and green features on the value of existing homes.
Predictions that the nation's shadow inventory would rapidly rise have yet to materialize, as the shadow inventory continues to show signs of dropping.
The number of Americans expecting home prices to decline reached an all-time low, according to Fannie Mae's monthly housing survey.
Problems with real estate appraisals are still delaying and even derailing home sales, a recent survey of REALTORS® shows.
The office market continues to recover, but at a very slow pace that has some concerned.
The economy is growing at a tepid pace, but real estate is emerging as a bright spot in the recovery, according to the Federal Reserve's latest Beige Book.
"[Foreclosures are] making little noise in the housing market — at least on a national level," says a spokesman with RealtyTrac, which released their latest foreclosure report today.
More studies are showing the power of green on boosting sales prices.