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  2. Decline

Decline

Housing Inventory Decreases

The number of homes for sale declined 2.4 percent in November in the metropolitan areas covered by ZipRealty Inc. In the last 25 years, the decline in November has averaged 1.8 percent. The data doesn’t include New York, but Miller Samuel Inc., an appraisal firm, reports that inventory was down 7.1 percent from the end […]

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Suburban Growth: Ending or Taking a Break?

Some housing trend spotters believe that America’s love affair with sprawling suburbs has ended. “What we’re already seeing is these new, very cheaply made suburbs showing how little resilience they have to economic fluctuations. I see them becoming not only more desperate, I see them becoming potentially nonviable,” says Jeff Speck, an urban planner and […]

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Even as Rents Drop, More Apartments Sit Empty

Apartment vacancy rates reached an average of 7.2 percent in the first quarter of 2009, a 1 percent increase over the previous two quarters and the highest level since 2004, according to real estate research firm Reis Inc. At the same time, asking rents fell 0.6 percent and effective rents—what landlords are actually able to […]

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Target Stores Feel Housing Pain

Among the losers in the housing downturn are Target discount department stores. Target sells twice as much home-related goods as Wal-Mart and its sales, as well as its stock price, have been feeling the pinch. Since the housing bubble burst in 2007, sales of home-goods at Target declined more than 20 percent. “The fact that […]

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Home Prices Fall to 2005 Levels

U.S. home prices fell 5.5 percent in July compared with the same month a year ago and are about equal to where they were in Oct. 2005, according to the Federal Housing Finance Agency. Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the agency. James Lockhart, director of the […]

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