Where Home Values Will Rise in 2011
January 22, 2011 by admin
Filed under Real Estate Articles
Forbes puts out its annual home value increase list:
Southern California spots two on the list with Northern California getting 1 city.
- San Jose
Average Home Price: $511,186
12-Month Forecast: 3% increase
Three-Year Annualized Forecast: 2% increase - Santa Ana
Average Home Price: $449,396
12-Month Forecast: 3% increase
Three-Year Annualized Forecast: 2% increase - Bethesda MD
Average Home Price: $384,775
12-Month Forecast: 2% increase
Three-Year Annualized Forecast: 2% increase - Pittsurgh, PA
Average Home Price: $384,775
12-Month Forecast: 2% increase
Three-Year Annualized Forecast: 2% increase - San Diego, CA
- Image via Wikipedia
Average Home Price: $336,679
12-Month Forecast: 2% increase
Three-Year Annualized Forecast: 2% increase - Oklahoma City
Average Home Price: $156,948
12-Month Forecast: 1% increase
Three-Year Annualized Forecast: 6% increase - Washington DC
Average Home Price: $325,014
12-Month Forecast: 1% increase
Three-Year Annualized Forecast: 6% increase - Austin Texas
Average Home Price: $325,014
12-Month Forecast: 1% increase
Three-Year Annualized Forecast: 6% increase - Chattanooga, Tenn.
Average Home Price: $172.948
12-Month Forecast: 1% increase
Three-Year Annualized Forecast: 2% increase - Boston
Average Home Price: $326,031
12-Month Forecast: 1% increase
Three-Year Annualized Forecast: 2% increase
“The big difference between Florida and Southern California … is people are moving into Southern California, but they’re not moving to Florida,” asserts Winzer. “It was speculative retirement and vacation condos–things that were bought by people not living there and now not moving there, wanting to sell their empty condos because they can’t rent them out.”
http://www.forbes.com/2011/01/21/cities-home-values-prices-real-estate-personal-finance.html?boxes=Homepagelighttop
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Existing-home sales Rocket Up 12.3% in December
January 21, 2011 by admin
Filed under Home Resales
- Image via Wikipedia
Existing-home sales in December showed signs the housing market is on track to recover in 2011. Buyers returned in the middle of winter and sales rose 12.3% to a seasonally adjusted annual rate of 5.28 million, from an upwardly revised 4.7 million in November.
According to the National Association of Realtors’ President Ron Phipps, buyers are responding to very good affordability conditions despite tight mortgage credit. “Historically low mortgage interest rates, stable home prices and pent-up demand are drawing homebuyers into the market.”
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Home Market Heats Up in 2011
January 18, 2011 by admin
Filed under Real Estate Articles
Housing to heat up with inventory scarcity?
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Best Real Estate Markets in 2011
January 17, 2011 by admin
Filed under Positive Real Estate
| Rank | City | Forecast |
| 1. | Portland, ME | 3.6% |
| 2. | Kansas City, KS | 3.5% |
| 3. | Tri-Cities, WA | 3.4% |
| 4. | Omaha, NE | 3.3% |
| 5. | Fargo, ND | 3.3% |
| 6. | New Orleans, LA | 3.2% |
| 7. | Iowa City, IA | 3.2% |
| 8. | Columbia, MD | 3.1% |
| 9. | Bellevue, NE | 3.1% |
| 10. | Bismarck, ND | 3.1% |
| 11. | Bethesda, MD | 3.0% |
| 12. | Silver Spring, MD | 3.0% |
| 13. | Lewiston, ME | 3.0% |
| 14. | Metairie, LA | 2.9% |
| 15. | Austin, TX | 2.8% |
| 16. | El Paso, TX | 2.8% |
| 17. | Overland Park, KS | 2.8% |
| 18. | Rapid City, SD | 2.7% |
| 19. | Boulder, CO | 2.7% |
| 20. | Sioux City, SD | 2.6% |
| 21. | Topeka, KS | 2.6% |
| 22. | Cedar Rapids, IA | 2.6% |
| 23. | Des Moines, IA | 2.6% |
| 24. | Davenport, IA | 2.5% |
| 25. | Wichita, KS | 2.3% |
http://www.housingpredictor.com/2011/best-markets.html
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Trulia Sees Positivity in Real Estate
January 13, 2011 by admin
Filed under Positive Real Estate, Real Estate Articles
* Consumer inquiries to real estate agents are up 54%
* Visits to the website and via mobile have grown by 66%
* Property views have grown by more than 50%
* Mobile traffic is up more than 400%
* On average, Trulia consumers view more than 2.2M properties per day which equates to more than 90,000 properties views per hour.
