New Construction Surges in August according to MSNBC

Some positive news circulated today with regards to the national new construction trends in August, up over 10% from the prior month. This was largely propped up by the contruction of apartment buildings which further supports a trend towards rental housing as prices recede and inventories grow. This does appear to be some good news, so stay tuned. To read this article, please follow this link: http://www.msnbc.msn.com/id/39284971/ns/business-real_estate/.

Sellers Are Still Pricing Their Homes to High According to Barry Ritholtz

Here is a great story and video regarding the state of the housing industry. He does a great job in discussing the issue of seller expectations on pricing. Definately a worth read and watch.