Recent Blog Posts by Constantine Isslamow

U.S. home sales fall about 5% in 2010

The sales rate for previously owned homes rose 12.3 percent in December compared to the previous month, but slid 2.9 percent compared to December 2009, the National Association of Realtors reported today. There were an estimated 4.91 million sales of existing homes -- including single-family homes, condos and co-ops -- in 2010, the trade group reported, down about 4.8 percent ...

U.S. economy grows, best showing in two years

The U.S. economy grew at a 3.5 per cent pace in the third quarter, the best showing in two years, fuelled by government-supported spending on cars and homes. It's Your Career - I'm Here To Support YOU! Constantine Isslamow Real Estate Broker/Mortgage Broker/Manager Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc. Independently Owned and Operated www.Twitter.com/ConstantineC21 ...

Most Affordable Markets in the U.S.

In its annual survey of most- and least-affordable housing markets, BusinessWeek quoted a number of experts who believe that for many people, the current low interest rates and low housing prices have combined to offer a once-in-a-lifetime opportunity to buy a home. Dennis Torres, executive director of real estate operations at Pepperdine University, says, "People are going to talk about this as 'I ...

New U.S. home sales surge 9.6 per cent

New U.S. home sales surged 9.6 per cent in July, rising for the fourth straight month and beating expectations as the housing market marches steadily back from its historic downturn. The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. Sales are now up more than 30 per cent from the bottom in January, ...

Snapshot Across the U.S. Market

Regionally, NAR reports the following with existing-home sales: Northeast: jumped 15 percent in the second quarter to a pace of 797,000 units but are 8.4 percent below a year ago. The median existing single-family home price in the Northeast declined 9.7 percent to $246,000 in the second quarter from the same quarter in 2008. After Elmira, N.Y., the best gain in the region was in Buffalo-Niagara ...