Monthly Archives: June 2011

US Home Prices Up in May for Second Consecutive Month

Hours after the National Association of Realtors announced an 8.2 percent jump in May prices, CoreLogic confirmed its May numbers show a second consecutive month-over-month increase. According to the CoreLogic Home Price Index, national home prices, including distressed sales, increased by 0.8 percent in May 2011 compared to April 2011. On a year-over-year basis, home… Read more »

Featured Gay Friendly Realtor: Mark Akchin, Baton Rouge, Louisiana

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Louisiana Realtors and Real Estate Professionals Mark knows you have many options when choosing a Realtor to work with in the Baton Rouge market. He knows how… Read more »

Being Out and Proud in Real Estate

Note: This blog reprinted with permission – thanks, Matt! You can see his website here. You can also email Matt directly here. June is pride month (of the GLBT variety) with the San Francisco festivities taking place this weekend. My last three years worth of vacations have had me out of town over pride weekend,… Read more »

KS: Home Sales Beat National Average in May

Kansas home sales rose from month-earlier levels during May, but trailed year-earlier sales by nearly 21 percent, the Kansas Association of Realtors reported Thursday. The association reported 2,760 homes were sold in Kansas, up from 2,434 in April, but far fewer than 3,484 units that changed hands in May, 2010, when a federal tax credit… Read more »

Featured Gay Friendly Realtor: Vickie Wish, Fort Lauderdale

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Fort Lauderdale Realtors and Real Estate Professionals Vickie can help you through one of the largest financial decisions you’re ever likely to make – buying or selling… Read more »

IA: Sioux City the State’s Most Affordable

Sioux City is the most affordable housing market in Iowa and 10th most affordable nationally, said Coldwell Banker Real Estate, based on home listings for a four-bedroom, two-bathroom home from September through March. Iowa City was the state’s priciest market, with an average home listing price of $247,364. Sioux City’s average was $80,152. Woodward, Burlington,… Read more »

FL: South State Real Estate Inventory Shrinks to Lowest Level Since 2008

South Florida’s logic-defying housing market continued to embrace peculiar trend lines in May — sales soared, slashing down the inventory even further, but overall prices fell once again. Market trends in Miami-Dade and Broward counties diverge from the national housing story, for better and for worse. Local sales are increasing while the national market slumps,… Read more »

CA: Light at End of the Tunnel for Real Estate?

California’s mangled real estate market saw a sliver of promise Tuesday, despite a downward national trend in home sales. The California Association of Realtors said pending home sales statewide rose in May, the first year-over-year increase in 18 months. CAR said its Pending Home Sales Index in May was 118.3, up 1.6% from April’s revised… Read more »

When Will US Housing Market Bottom Out? Maybe 2013

The housing market is going to take a long time to recovery, and home prices could continue dropping into 2013, experts told reporters and other industry insiders at a recently concluded real estate writers. “Right now we are in a tremendous flux due to this overhang (of homes facing foreclosure),” said Jed Smith, director of… Read more »

SC: North Myrtle Beach Has Most Expensive Real Estate in the State

North Myrtle Beach is the most expensive place in South Carolina to buy a four-bedroom, two-bathroom house, according to a study released this week. The average listing price for a four-bedroom, two-bathroom house in North Myrtle Beach was $399,094, according to Coldwell Banker Real Estate LLC. “The property here at the beach has always typically… Read more »

Hot Real Estate Markets for Gay Buyers

The summer travel season often inspires LGBT vacationers to consider investing in a second home — or picking up stakes and moving to a new place they may have enjoyed during weekend jaunts. But in 2011 the opportunities to make a smart, lucrative real estate investment are more attractive than they have been in many… Read more »

NH: Seacoast Real Estate Prices in Steady Decline

Average prices for houses and condominiums in Exeter and Stratham have been on a steady decline for the last year, this despite the fact that both communities had healthier spring sales compared to the winter. The average price of a house that sold in Exeter during the spring (March, April and May) was $259,026, according… Read more »

Utah Hopes for Recovery Despite Weak Real Estate Market

Although Utah’s real estate market is feeling the pinch of “The Great Recession” more than most, Utah Governor Gary Herbert is optimistic about a statewide recovery. “We are on the right road going in the right direction,” Herbert told the audience at a recent Brigham/Tremonton Board of Realtors luncheon at Maddox Lodge, where he had… Read more »

CA: Orange County Real Estate Still Sliding

Home prices in Orange County will fall about 4 percent next year, Chapman University economists said Thursday, and will not recover any time soon. The housing market is being buffeted by “countervailing forces” of supply and demand, said Esmael Adibi, director of the Anderson Center for Economic Research at Chapman. “We’re not building many new… Read more »

OR: Portland Home Prices Fell Again in May

Home prices are still falling both locally and nationally. Clear Capital, a Truckee, Calif.-based real estate data firm, said its index of U.S. home prices declined 7.6 percent from a year ago and 2.3 percent from the prior quarter. Clear Capital said Portland Metro home prices fell 10.8 percent compared to a year ago and… Read more »

ID: Dream Home Was Full of Snakes

They slithered behind the walls at night and released foul-smelling musk into the drinking water. And they were so numerous that Ben Sessions once killed 42 in a single day. Shortly after buying their dream home, Sessions and his wife discovered it was infested with thousands of garter snakes. For the next three months, their… Read more »

Today’s Featured Gay Friendly Realtor: Cyndy Ciolino, Chicago

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Chicago Realtors and Real Estate Professionals Cyndy has been working in the Chicago real estate market for the past eleven years. She mainly works with clients looking… Read more »

Land Claims Hinder Taos Real Estate Market

While warranty deeds for two Taosarea land grants continue to hinder local real estate deals, there are signs that the uncertainty is harming Taos’ reputation among prospective buyers in an already struggling economy. Last year, two warranty deeds were filed with the Taos County Clerk laying claim to about 42,000 acres within the boundaries of… Read more »

Featured Gay Friendly Realtor: Nicholas Yale, Phoenix

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Phoenix Realtors and Real Estate Professionals Nicholas is a Realtor with Realty Executives Realty in Phoenix, Arizona. He has worked in the Phoenix real estate market since… Read more »

Mexico Real Estate Promising for Long-Term Investors

The Mexican economy grew 5.5% in 2010, higher than the general consensus predicted. Following a 6.1% decline in 2009, the 2010 growth rate was the strongest showing since 2000. During the fourth quarter of 2010, gross domestic product (GDP) grew at an annualized rate of 4.4%, exceeding the pre-recession peak of total output achieved in… Read more »

Who’s Buying Hawaii Real Estate?

Driving down Kahala Avenue it sometimes seems as if every other house along the beach is owned by someone, or some company, from Japan. But statistics show that only 5 percent of all the residential real estate sales on Oahu last year were to buyers from outside the 50 United States. That translates to 353… Read more »

Featured Gay Friendly Realtor: Steve Buchanan III, Alabama

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Alabama Realtors and Real Estate Professionals Steve became a Realtor after completing his B.S. in Human Environmental Sciences from the University of Alabama, in Tuscaloosa. After selling… Read more »

RI: Home Sales Dipped in April

April typically marks the beginning of the active spring season for Rhode Island housing sales. But this year, a series of factors ranging from the expiration of a federal tax credit to lousy weather has combined to depress the market when compared with the same month in 2010. Figures released Wednesday by the Rhode Island… Read more »

SD: Home Ownership Holds Steady Over Last Decade

The pursuit of that grandest of American dreams – a nice house with a white-picket fence – took a nosedive across America in the past decade. But not in Tonya Clyde’s neighborhood in the little community of Henry west of Watertown. And not, apparently, across South Dakota, either. Nationally, homeownership fell from 66.2 percent to… Read more »

VT: Real Estate in a Holding Pattern

While much of the rest of the nation faces a double dip in single-family home prices, with sales of foreclosed and bank-owned properties pushing prices below previous lows in March 2009, Vermont is once again the exception to the rule, as it was in the foreclosure crisis. “Our experience has certainly been more favorable than… Read more »

Featured Gay Friendly Realtor: Sherri Griffin, Raleigh, NC

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly North Carolina Heartland Realtors and Real Estate Professionals Sherri will work hard for you in Raleigh’s real estate market – she knows residential home construction inside and… Read more »

MO: St. Louis Homeownership Rates Fall

According to reports, despite the commencement of economic recovery last year, the percentage of homeowners fell to 66.4 % from 69.2% in 2004. The percentage rate of ownership is currently at the level it was in 1998, as some housing experts have said it could fall more to the level of the 1980s or even… Read more »

Houston Area Among Highest in Rooms Per Home in State

According to recent information released by the U.S. Census Bureau, everything appears to be bigger in Texas, and in Utah. The bureau surveyed 915 metropolitan and micropolitan areas and discovered that Utah properties have the most rooms per home, on average. While Texas also had numerous cities on the bureau’s list, Utah areas accounted for… Read more »

Featured Gay Friendly Realtor: Connie Lancaster, St. Petersburg, FL

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Tampa/St. Petersburg Realtors and Real Estate Professionals Connie is passionate about Tampa Bay real estate. She’s been buying and selling St. Petersburg real estate for more than… Read more »

CA: Orange County Buyers Spent 14% Less on Real Estate in April, 2011

The Southern California Multiple Listing Service provided yet another sign that April was a disappointing month for home sellers and the housing industry. The combined amount of money spent buying Orange County homes through the broker-run database fell 14.4% in April from the year before. In all, revenue dropped $200 million, from $1.4 billion in… Read more »

NV: Investors Suing Las Vegas Homeowner Associations

Two Las Vegas real estate investors filed a lawsuit recently against more than 500 neighborhood associations, claiming the groups charge illegal collection fees to people who own foreclosed homes. The massive lawsuit is the latest, and the most spectacular, development in an expensive battle over foreclosed houses in Las Vegas that already has resulted in… Read more »

Featured Gay Friendly Realtor: Cara McGuire, Phoenix

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals. Gay Friendly Phoenix Realtors and Real Estate Professionals Cara became a Glendale real estate agent 6 years ago, and he’s been working as a realtor ever since. Cara works… Read more »

Manitoba: Tough New Law Would Fight Mortgage Fraud

Family Services and Consumer Affairs Minister Gord Mackintosh introduced legislation that would amend the Real Property Act to provide Manitobans with better protection from fraudulent real estate transactions. The legislation would also reduce the red tape and paperwork that businesses have to deal with in certain types of real estate transactions. “Real estate fraud is… Read more »

US: Feared Real Estate Double Dip May Be Here

An index of home prices in the nation’s largest American cities plumbed new depths in March, pushing past a low set during the worst of the Great Recession. The ominous new drop for the Standard & Poor’s/Case-Shiller index of 20 cities, a key measure that is closely watched by economists, casts further doubt about the… Read more »