While Summit County’s real estate sales have improved over the past few years, the nature of the resort market is holding things back compared to other residential areas.
“What we have here is non-distressed sellers that are holding onto property and waiting for prices to get better, said Chuck Leathers, the broker/owner of Chuck Leathers Real […]

(Reuters) - Existing home sales rose in August to their highest in five months as lower prices and rock-bottom interest rates drew more buyers into a still moribund market.
The data did little, however, to change the view that housing, hobbled by a burst bubble which triggered a major recession, will not help the economy much […]

September 14, 2009
By Lawrence Yun, Chief Economist
September has come again, and most folks are back from vacation. Kids are back in school. Traffic (in most locales) has returned to its usual nightmarish levels. Many of us are asking ourselves “where did the summer go?”
Well, summer is not the only thing that has ended. The world-wide […]

Passing through the Fort Myers, Fla., airport a few weeks ago, I noticed people eagerly signing up for a free bus tour of foreclosed real estate—with all properties offering water views. During the ride to my hotel, the young driver volunteered that he had just bought his first house, paying $65,000 for a foreclosed property […]

As a well-polished realtor, you’d never suspect that Donna used to be a cowgirl. Along with her five sisters and one brother, she worked a cattle ranch in southern Idaho. I don’t know how many acres the ranch is. A while back, I learned that asking such things is a bit impolite and somewhat like […]

This just might be the turn in the numbers we’ve been waiting for: Resales of existing houses jumped by 3.1 percent in last month to the highest level in nearly half a year.
 On top of that — and to the near total surprise of Wall Street analysts — new home sales also rose 2.4 percent, […]

Though home prices continued to fall in July, there are growing signs that — in some regions at least — the market may be stabilizing as lower prices lure some buyers off the sidelines. But a broad housing recovery faces stiff headwinds in the form of rising unemployment, tighter credit for borrowers and a huge […]