Posts Tagged: 2011

Omaha Home Sales Up 17% in 2012 Over 2011

Home sales in 2012 in the metro area were up 17 percent over the year before. That’s good news for anyone planning on selling or even buying a home this next year. More than 11,000 new and existing homes sold in the Omaha area last year. That’s the second highest number ever, second only to… Read more »

New England Vacation Home Sales Slumped in 2011

Bucking a national trend, New Englanders bought fewer second homes last year, according to the National Association of Realtors (NAR). Nationwide, vacation home sales rose 7 percent to 502,000 in 2011, up from 469,000 in 2010. But in the Northeast, 75,300 vacation homes were sold last year, compared to 89,100 in 2010, a 15 percent… Read more »

80% of 2011 Home Sales in Tucson Were Distressed Sales

Was 2011 just one big year-long clearance sale? Due to an “over stock” of product and drastically reduced prices, about 12,800 homes sold last year, most of them in the distressed merchandise “bargain bin.” “It’s reasonable that 80 percent of sales were distressed,” said housing analyst John Strobeck, owner of Bright Future Business Consultants. In… Read more »

FL: Miami Home Sales Climbed 23% in Fourth Quarter of 2011

Based on the latest data from the Miami Association of Realtors, Miami’s Metropolitan Statistical Area (MSA) residential sales – including existing single-family homes and condominiums – increased 23 percent in the fourth quarter of 2011, from 4,722 to 5,839, compared to a year earlier. This rise marks 14 consecutive quarters of rising sales that culminated… Read more »

FL: Ft. Lauderdale Home Prices Increased 5% in 4th Quarter of 2011

According to the Broward Council of the Miami Association of Realtors, sales of Broward County homes – including existing single-family homes and condominiums – increased six percent, from 6,225 to 6,572, in the fourth quarter of 2011 compared to a year earlier. Broward sales of existing single-family homes increased 15 percent in the fourth quarter… Read more »

Mississipi Home Prices Were Flat in November

Pascagoula area home prices remained static in November, as did those in Biloxi-Gulfport, according to California-based research firm CoreLogic. Excluding foreclosures, home prices in Pascagoula, Biloxi and Gulfport all rose 0.2 percent in November compared to the year before, the firm said. Statewide, Mississippi housing prices also stayed flat in November, but, when distressed sales… Read more »

ID: Boise Area Home Sales Up, Prices Down in 2011

Existing-home sales up, prices down Ada County sales rose 7 percent in 2011 and Canyon County’s rose 8 percent, according to the Intermountain Multiple Listing Service. But median prices fell 7 percent in Ada, to $136,000 from $154,000. They fell 15 percent in Canyon, to $77,900 from $89,900. New homes reverse that trend Sales fell… Read more »

Vermont Real Estate Outpaces Rest of New England

Vermont’s real estate market continues to struggle, but not as badly as those in most other states, Kavet and Carr said. Housing prices in Vermont in the third quarter of 2011 were 2.9 percent lower than the same quarter in 2007, but in Nevada they were down 50.8 percent. Kavet included a chart showing housing… Read more »

Some Bright Spots in South Carolina Economy, Real Estate Market

Businesses and individuals struggled to recover from a battered economy in 2011 as threats of a double-dip recession loomed. Jobless rates stayed in double digits in South Carolina throughout much of the year. Retailers suffered with slow sales through the fall. And home-sellers were stuck as the real estate market remained depressed amid a rising… Read more »

MT: Unemployment Rate, Home Prices Down in Bozeman in 2011

It’s difficult to discern which direction the local economy went in 2011. … Gallatin County’s unemployment rate in November was 6.7 percent, nearly a full percentage point lower than November 2010. Home prices in Bozeman and Belgrade dropped 5.5 percent between January and October, and fewer Gallatin County homes were foreclosed upon during the past… Read more »

WA: Seattle Home Prices Down 6.4% in 2011

Home prices in Seattle increased 0.7 percent from May to June, but that was less than the national average of a 1.1 percent increase. The monthly Standard & Poor’s Case Shiller Home Price Indices survey indicated that out of the 20 largest U.S. markets, 19 saw increases from May to June. (Portland was flat.) For… Read more »

ME: Home Sales Up 23% in July Over 2010

Maine home sales jumped 23.17 percent in July compared to the same period in 2010, Maine Real Estate Information System Inc. said Friday. According to the group’s numbers, 994 single-family, existing homes were sold last month, compared to 807 in July 2010. The median sales price also edged up year-over-year, from $172,500 last year to… Read more »

WY: Casper Home Prices Dropped in 2011

U.S. home values have declined nearly 30 percent since peaking in June 2006, according to a firm that tracks real estate activity. … But Jill Kamber, president of the Casper Board of Realtors, said prices have dropped significantly in Casper, particularly among some higher-priced properties. An analysis by her company, RE/MAX The Group, indicates the… Read more »

Canadian Real Estate Market Will Likely See Steady But Not Stellar Growth

The Canadian housing market remains strong, but the days of double-digit gains in real estate are largely over, according to the president of Coldwell Banker Canada. And that’s all the more reason to view your home purchase primarily as a lifestyle decision rather than an investment in the hopes of a “quick return,” John Geha… Read more »

Will US Housing Prices Stabilize in 2011?

Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but… Read more »

Australian Real Estate Likely to Lose Value in 2011

House prices in Australia are expected to fall considerably during 2011, according to The Global Real Estate Trends report. The drop in value will be a result of government planned spending cuts, austerity measures and higher interest rates, the report explained. Australia was singled out as one of the top-performing markets during 2010 – alongside… Read more »

Canadian Real Estate Prices Likely to Climb in 2011

A new survey says Canada’s real estate market is heading into a stronger-than-expected year that will likely see home prices steadily rise, while overall transactions moderate. Royal LePage reports that average home prices are expected to rise 3 per cent to $348,600 in 2011, while the number of transactions is predicted to fall 2 per… Read more »

Seattle Real State Agents Hopeful for 2011

Local real estate professionals see recent positive economic news as foretelling good things for the housing market — which is just as well, given that the housing numbers themselves continue to provide little hope. “If you were in any mall in Washington state in December, you got the feeling that the economy is headed in… Read more »

What Will 2011 Bring for US Real Estate?

The 2010 residential real estate market was a fetid stew of foreclosed homes, short sales, falling home prices and massive shadow inventory topped off with bad corporate behavior by the lending institutions and anemic government programs designed to help troubled borrowers. But one man’s poison may be another man’s medicine. Low interest rates, reduced home… Read more »