June 15th Real Estate Market News

Today's news that may be of interest to you:

Long Road Ahead for Housing Recovery
Chicago Tribune | June 14, 2010
It would be a stretch to see 13 as a lucky number for the real estate market, but for those who need something to hang on to, 2013 might be the year housing finally claws its way out of the doldrums.

Is a Housing Shortage Coming?
CNNMoney | June 15, 2010
As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way.

US Commercial Real Estate Gains Strength
Reuters | June 14, 2010
The collapse of the U.S. commercial real estate bubble will not be as crushing as many had anticipated, a top executive for real estate services company Jones Lang LaSalle Inc (JLL.N) said on Monday at the Reuters Global Real Estate and Infrastructure Summit in New York.

From the National Association of Realtors®:

NAR Addresses Workforce Housing Issues
The National Association of REALTORS(R) has partnered with the National Housing Conference to discuss regional affordable housing strategies.

Jobs Key to Housing Recovery
A new Harvard study says low mortgage rates coupled with employment growth will improve the housing market.

Builders Rush to Meet Tax Credit Deadline
Home builders are hiring more construction workers to help get homes built in time for buyers to close by the June 30 deadline.

Top 10 Real Estate Search Terms in May
Web metrics firm Experian Hitwise reports that Realtor.com received the most real estate search traffic last month. See which terms were most commonly searched.