Schiller Finds 9 Cities on the Rise
March 30, 2010 by admin
Filed under Home Resales
- Image by Getty Images via Daylife
Los Angeles posted almost a 1% gain and San Diego posted a .4% gain in month month gains in January on a non-seasonally adjusted basis.
Other cities with year-over-year gains include San Francisco, Las Vegas.
A separate report, released this month by data and analytics company Radar Logic, found that the price per square foot of homes rose in eight of 25 U.S. markets tracked in January compared to the same month a year earlier.
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- Case-Shiller: Seattle Home Prices Fall From 2009 Plateau (seattlebubble.com)
- A Look at Case-Shiller, by Metro Area (March Update) (blogs.wsj.com)
- Seattle 1-year home price dip is third-worst in U.S.: Study (bizjournals.com)
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Positivity in Marketplace
March 29, 2010 by admin
Filed under Home Resales
- Image by Thomas Hawk via Flickr
Brokers and agents across the United States reversed three months of declining optimism in Point2 Technologies’ Real Estate Confidence Index (RECI) survey, pushing the forward looking market opinion Index up 2.49% for the March 2010 survey period. Accounting for seasonality, the national monthly Index moved up to 5.77 on the one to ten scale (1 being “Bad” and 10 being “Good), up from 5.63 in February 2010
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Money Magazine Picks at Cities Most Likely to Rise In Price
March 27, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial declines:
Where prices will rise:
• Santa Rosa, Calif., 6.0 percent
• Cheyenne, Wyo., 4.7 percent
• Kennewick, Wash., 4.6 percent
• Merced, Calif., 4.4 percent
• Bremerton, Wash., 4.2 percent
• Fairbanks, Alaska, 4.2 percent
• Corvallis, Ore., 4.1 percent
• Tacoma, Wash., 3.9 percent
• Anchorage, Alaska, 3.8 percent
• Bend, Ore., 3.3 percent
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Top States With Rising Prices
March 26, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
Homegain.com ran a survey of real estate pros and asked them the Top 10 states where they think real estate think home prices will go up in the next 6months:
1. Texas (41%)
2. Massachusetts (38%)
3. California (37%)
4. Nevada (36%)
5. Idaho (31%)
6. Colorado (31%)
7. Alabama 25%
8. Tennessee (25%)
9. Arizona (23%)
10. Indiana (22%)
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Karl Case: Bottom!
March 24, 2010 by admin
Filed under Positive Real Estate
“I would bet even odds that we’re at a bottom and that we’re going to see improvement in the coming months,” says Karl Case, co-creator of the S&P/Case-Shiller Home Price Index and a professor of economics at Wellesley College.
“The underlying trend is turning positive,” says Bruce Kasman, chief economist at JPMorgan Chase & Co.
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San Francisco Condos Rebounding
March 22, 2010 by admin
Filed under Positive Real Estate
High-end condominiums built in The City during a recent development boom might finally sell out this year thanks to prices dropping below what they were two years ago.
Condos currently are selling for 10 to 20 percent less than they were two years ago, according to figures provided by Paul Zeger, president of Pacific Marketing Partners Associates, a company that helps sell condos in One Rincon and other towers. Zeger said he expects San Francisco’s stock of new condos to run out within six months.
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Fewer Price Cuts
March 19, 2010 by admin
Filed under Positive Real Estate
Trulia.com that fewer sellers are slashing prices on their listed homes. Just under 20 percent of homes that were for sale as of March 1st had been reduced at least once. However in the fall months of October and November, up to 26 percent of sellers slashed their asking price.
“The total dollar amount slashed from home prices dropped to $21.6 billion and the average discount for price-reduced homes continues to hold at 11 percent off of the original listing price,” states Trulia.com on its website.
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Southern California Real Estate is Back
March 18, 2010 by admin
Filed under Positive Real Estate
Continuing a 20-month trend, year-over-year home sales in Southern California were up again last month, helped by government support and second home investors. In addition to peaking sales velocity, pricing trended up from lows set previously in the cycle. See the following article from DQNews for more on this.
Southern California home sales in February were above year-ago levels for the 20th month in a row as buyers continued to snap up bargain properties with government-backed mortgages and tax incentives. The median price paid for a home rose on a year-over-year basis for the third consecutive month, a real estate information service reported.
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Baltimore Sales Rise For First Time Since 2005
March 7, 2010 by admin
Filed under Home Resales
Falling home prices have transformed many properties from asset to albatross, but there’s hope yet for those looking to sell: Nearly two-thirds of the Baltimore region’s ZIP codes saw sales increases last year, the first time since 2005 that buying didn’t slump across the board.
Sales are on the upswing as first-time homebuyers jump in – enticed by a temporary $8,000 tax credit – and investors snap up foreclosed properties. And some homeowners who can’t wait any longer for prices to rise are finding ways to move on. Baltimore Sun
