Today we’ll take a look at the Florida real estate market. Things are improving there slowly – in Southern Florida, underwater mortgages have dropped from 47% of all homes last year to 39.6% now, the Sun Sentinel reports: In the fourth quarter, 39.6 percent of mortgaged homes across Palm Beach, Broward and Miami-Dade counties were… Read more »
Posts Tagged: 2012
Today’s Real Estate Report: Canada
Across Canada, home prices inched higher in December, even as sales were down year over year, CBC News reports: Canadian home prices ticked a little bit higher in December, with the average value of a resale home rising 1.6 per cent to $352,800, according to figures released today. Prices ticked higher even after a large… Read more »
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 Jersey Year-Over-Year Home Prices Were Down in November
Real estate analysts are cautiously optimistic about an improved housing market this year. But it’s been a long wait for a bounce-back. Year-over-year housing prices in New Jersey through November were down 0.7 percent, to $258,000, according to the zillow.com website. Only five of the state’s 21 counties showed increases, led by Hudson (up 8.9… Read more »
New Hampshire Home Sales Up 21% in 2012
Single-family home sales in New Hampshire increased by more than a fifth in 2012 from the previous year, a sign that buyers were taking advantage of flat prices and historically low interest rates, according to a new report on the New England housing market. The RE/MAX of New England 2013 Housing Forecast found that in… Read more »
Vermont Home Sales Up, Prices Down in 2012
Vermont housing sales were up in 2012, but prices were down. That was the capsule report heard by representatives of a number of housing interests who met last week at the Central Vermont Chamber of Commerce. The number of single-family houses sold in calendar 2012 increased in every Vermont county, according to data compiled by… Read more »
Flagstaff Home Sales Grew 15% in 2012
The number of single-family homes sold in the greater Flagstaff area during 2012 was up by 15 percent when compared with 2011. The Arizona Daily Sun reports that the 886 single-family homes sold in 2012 marked the highest number of homes sold in the last six years. The median home price in 2012 was down… Read more »
Western New York Home Prices Were Up in November
Home prices rose sharply in November in Western New York, as both pending and closed sales increased, and the supply of homes available for buyers shrank. According to the Buffalo Niagara Association of Realtors, 766 homes changed hands in November, up 5.9 percent from 723 a year ago, and up 14.7 percent from two years… Read more »
Alberta’s Real Estate Market Leads the Country in 2012
Alberta will lead the country this year and in 2013 in the pace of growth in the resale housing market, according to a new forecast by the Canadian Real Estate Association. The national association of realtors said Monday that Alberta MLS sales this year will finish up 13.1 per cent from last year to 60,800… Read more »
Toronto Home Sales Drop, Prices Inch Up
The latest data for Toronto’s housing market isn’t pretty, but it’s still not bad enough to call a hard landing just yet. Home sales in Canada’s biggest city plummeted by more than 19% in the first two weeks of December, compared to the previous month, according to the Toronto Real Estate Board. Sales were down… Read more »
Indiana Home Sales Up Across The State in November
From various sources: Northwestern: According to the latest housing data compiled by RE/MAX of Indiana, Northwest Indiana’s real estate market recorded strong year-over-year growth during the month of November. The 12-county area experienced a 28 percent increase in homes sold in November with 676 homes, compared to the same time last year with 528 homes…. Read more »
Florida Home Sales Up 25% in November Over 2011
Florida’s housing market continued to rebound in November, with existing home sales and median prices making double-digit increases over last year. Existing home sales closed during the month were 24.4 percent higher than a year ago. Pending sales, those signed but not closed, were even stronger. Sales expected to close within 90 days catapulted 45.8… Read more »
Cincinnati & Northern Kentucky Home Sales Up, Foreclosures Down in November
Good news all around on the local housing front today, as two new reports showed that sales keep climbing and foreclosures keep dropping. First up, CoreLogic reported that foreclosures in the three-state Cincinnati metro area accounted for 2.74 percent of outstanding mortgages in October, a drop from 2.88 percent in September and a decrease of… Read more »
Orlando Area Home Sales Up 20% in November Over 2011
New numbers show the local housing market is bouncing back a bit. Home sales in the Orlando area were 20 percent higher last month than they were in November 2011. Stephen Baker is the chairman of the Orlando Regional Realtor Association, which released the latest numbers. He said the most encouraging sign is a 50-percent… Read more »
New Mexico Home Prices Declined Slightly From September to October
CoreLogic said Dec. 4 that U.S. home prices rose 6.3 percent in October compared with a year ago — the largest yearly gain since July 2006. … In New Mexico, the month-over-month decline was 0.1 percent, from a home price gain of 3.2 percent in September to 3.1 percent in October. New Mexico had the… Read more »
Detroit Home Sales Rose 7.2% in November Over 2011
Real estate sales in the Detroit area posted another monthly gain in November compared to November 2011, and prices jumped even faster. The number of sales in the 10-county region for the month was 5,506 in November, up 7.2 percent from 5,134 in November 2011. And the median sale price was $87,550, up 25.1 percent… Read more »
Tulsa Home Sales Jumped in October Over 2011
September’s negative year-over-year home sale comparison may prove to be an anomaly, as last month’s total bested that of October 2011 by a wide margin. The Greater Tulsa Association of Realtors reported Wednesday that 1,006 properties changed hands in October, up 19.8 percent from the same month last year. That was just behind October 2008,… Read more »
Philadelphia Real Estate Has Best Quarter in Two years
The Philadelphia-area housing market continued to gain strength as the number of houses sold increased and the number of days a residential property lingered on the market before selling declined during the first nine months of the year, according to a report by Prudential Fox & Roach. Sales throughout the region reached their highest rates… Read more »
Virginia Home Sales, Prices at Highest Level Since 2009
Buoyed by strong July and August figures, home sales across Virginia in the third quarter of 2012 rose 6 percent from a year before, standing at their highest point since 2009. A total of 24,331 residential properties changed hands across the Old Dominion in the quarter, according to figures reported by the Virginia Association of… Read more »
Seattle Real Estate Prices Surged in 2012
Prices for Seattle real estate have risen significantly in the past year, according to the most recent stats from the NWMLS. Shrinking inventories of homes for sale have contributed to significant demand and an increasingly competitive buyer’s market in the greater Seattle region. Northwest MLS home sales, which cover the Puget Sound region, are outpacing… Read more »
San Francisco: 36% Drop in Foreclosures Year Over Year
The San Francisco housing market continues to recover, and in more ways than one. New research shows that foreclosure activity has dropped significantly across the Bay Area. This will support home prices and increase market stability going forward. The Federal Reserve recently published a positive outlook for the San Francisco metropolitan-area housing market. Among other… Read more »
Mississippi Home Prices Dropped in September
The average sales price of a home in South Mississippi fell in September after five months of increases. After August’s average sales price reached $131,287, the highest since September 2010, September gave back $7,000 of that gain. September’s average sales price was $124,026 compared with $111,738 a year ago. The Mississippi Gulf Coast Multiple Listing… Read more »
Detroit Home Sales Down Slightly, prices Up in September
Metro Detroit home sales were down slightly in September for the first time in a year, but prices continue to climb, according to figures released Monday by Farmington Hills-based Realcomp. The good news is the median sale price of a home or condo in Metro Detroit was up in September from the same month last… Read more »
Virginia Home Sales, Prices Up in August From 2011
Total home sales and median sales prices of homes that sold in Virginia in August were up compared to a year before, as the market began to move from the high-pitched summer months to the more sedate remainder of the year. A total of 8,679 residential properties changed hands across the Old Dominion in August,… Read more »
Seattle Home Prices Up 3.1% in August Over 2011
Home prices in the Seattle metropolitan area continued to rebound in July, according to one closely watched measure. Prices were up 3.1 percent from July 2011, according to the Standard & Poor’s/Case-Shiller home-price index. It was the third straight monthly year-over-year gain, and the biggest increase since the housing market collapsed five years ago. At… Read more »
Ohio Real estate Sales Up Again in August
Optimism seems to be creeping into the region’s real estate market. Home sales were up again in August as more residents took advantage of what agents are calling a true buyer’s market. Home ownership in Ohio increased 12.7 percent for the month over this time last year, the 14th consecutive monthly sales gain since December… Read more »
Las Vegas Home Sales Dismal in July, But Prices Creep Up
Home sales in the Las Vegas area remained dismal again during July, with sales at the their lowest level since July of 2008, but home prices continued to improve as fewer foreclosure re-sales pushed prices higher according to the latest data released from DataQuick. A total of 4,280 new and resale houses and condos closed… Read more »
Orange County Home Sales Up 23%, Prices Up 12% in August Over 2011
Orange County’s median price for existing, single-family homes took a dramatic leap in August, up by nearly 12% from August a year ago, the California Association of Realtors says. Local home prices also increased 3 percent over July. Sales rose 23 percent over last August in Orange County but were just short of a 2… Read more »
Home Sales Down, Prices Up in Riverside County in August
Home sales in Riverside County dropped by 3.4 percent in August, compared to the same month a year ago, while prices rose by 10.5 percent, a real estate information service announced today. A total of 3,520 homes changed hands in Riverside County last month, compared to 3,643 in August 2011, according to DataQuick. The median… Read more »
Delaware Home Prices Surged Over the Summer
Low interest rates, low prices and a rising sense of urgency among buyers are driving a renewed momentum in Delaware’s residential real estate market this summer, sustaining a sense that the long-awaited recovery of the housing market is now under way. Compared to August 2011, single-family home sales last month were up 14.9 percent in… Read more »
Foreclosures Were 21% of Oregon Home Sales in Second Quarter of 2012
The sale of foreclosed and bank-owned homes accounted for 21 percent of sales in Oregon during this year’s second quarter. RealtyTrac is an online marketplace for foreclosed properties. It finds the average price of a foreclosed home in Oregon was about $175,000 — between April and June. It says that’s a 27 percent discount on… Read more »
Wisconsin Home Sales Up 17% in July Over 2011
Wisconsin home sales rose 17.3 percent in July and the state registered its fifth straight month of increasing home prices, according to the Wisconsin Realtors Association. Wisconsin has recorded 35,405 home sales through July of this year, a 20.4 percent increase over the first seven months of 2011. The seven-county southeast Wisconsin region had a… Read more »
Wisconsin Home Sales Grew at Robust Pace in June
Wisconsin home sales continued to grow at a robust pace with sales of existing homes up 19.3 percent in June over June of last year, according to the most recent monthly report by the Wisconsin REALTORS(R) Association (WRA), continuing a pattern that began last summer. Since the beginning of the year, home sales were up… Read more »
Milwaukee Home Sales Up 29% Over July 2011
The metropolitan Milwaukee housing market enjoyed a hot July with sales increasing 29.2 percent compared with July 2011 sales, the Greater Milwaukee Association of Realtors said. The reasons for the increase included historically low interest rates, low prices and improved consumer confidence, the group said Friday. Four of five southeastern Wisconsin counties posted sales gains… Read more »
Tucson New Home Construction in First Half of 2012 Up 30% Over 2011
At the mid-point of 2012, new home construction in the Tucson region has held onto steady monthly gains and is now 30 percent ahead of last year’s pace. Year-to-date, 953 residential construction permits have been approved. That is 221 more than the 732 permits issued in the first half of 2011. Several of the region’s… Read more »
Denver Home Prices Up for Fifth Month in a Row
For the fifth month in a row, metro Denver’s home sale prices saw a year-over-year increase, according to a CoreLogic home price index (HPI) report released Tuesday. The Denver-Aurora-Broomfield area HPI grew 7.2 percent in June over June 2011’s HPI. That was also a larger gain than was seen with May’s 6.3 percent HPI increase… Read more »
June Home Sales Disappointing in Las Vegas
Home sales remained flat for the third consecutive month in Las Vegas during June, falling by 406 sales from May and falling below the previous year’s sales for the first time in twelve months according to the latest data released from DataQuick. A total of 4,423 new and resale houses and condos closed escrow in… Read more »
Birmingham Home Sales Up in May From 2011
The value of metro Birmingham home sales increased to $248.9 million in June, up 12 percent from May and up 13 percent from a year ago. At the same time, unit sales totaled 1,313 last month, a 3 percent improvement from May and a 4 percent rise from June 2011. The data is found in… Read more »
Louisville, Kentucky Home Sales Up in June
Members of the Greater Louisville Association of Realtors sold 1,211 homes during June, a 6.5 percent increase from June 2011. The most recent represented the best monthly sales performance since June 2010, the association reported in a news release. Realtors continue to see signs that the local housing market has strengthened after years of negative… Read more »
Florida Real Estate Inventory Down, Home Sales Up in 2012
Florida home sellers, for a change, are gaining some leverage in the market. The number of homes for sale in May was down 34 percent from a year ago, while the inventory of homes on the market has dwindled to a 5.5-month supply, down sharply from a near 10-month supply in May of 2011. The… Read more »
Sacramento New Home Sales Jumped in First Six Months of 2012
Sales of new homes in the Sacramento region increased 68 percent in the first half of 2012 from the same period last year, according to the North State Building Industry Association. Meanwhile, visitor traffic to area subdivisions climbed 38.5 percent in the same period. The association tracks 80 neighborhoods that represent about two-thirds of the… Read more »
Canadian Home Sales Likely to Beat Forecasts for Year
The Canadian Real Estate Association said Friday that the national home price and sales activity this year will be higher than previously forecast, following a strong spring. It forecasts 475,800 homes will be sold in 2012, up 3.8 per cent from 2011, compared with earlier expectations of a gain of 0.3 per cent. The average… Read more »
Illinois Home Sales Saw Best Performance in Five Years in May
Home sales in Illinois recorded their best May performance since 2007, and year-over-year median sales prices moved into positive territory in the Chicago area for the first time in more than four years, data released by the Illinois Association of REALTORS(R) show. Statewide home sales (including single-family homes and condominiums) in May 2012 totaled 11,984… Read more »
Philadelphia Home Sales Up, Prices Down in First Quarter of 2012
The number of houses that sold in the first quarter in the Philadelphia region increased by 13.8 percent over last year and was at its highest point since 2009. But the median sale price slid down by 4.6 percent, according to Prudential Fox & Roach HomExpert report. Pent-up demand is one factor driving sales, as… Read more »
Central Virginia Home Sales Up, Prices Down in First Quarter
Central Virginia home sales rose 9.2 percent in the first quarter of 2012 compared to the same time period last year and median sale prices fell 2.7 percent, according to the Charlottesville Area Association of Realtors. In its first quarter market report, CAAR officials counted 463 homes sold between January 1 and March 31. That’s… Read more »
Asheville, NC: First Quarter Home Sales Up 27% Over 2011
A mild winter and a mild economic recovery provided some warmth to the area housing market during the first three months of the year. First-quarter sales of existing homes in Buncombe County were up 27.2 percent over the first quarter of 2011, according to figures from N.C. Mountains Multiple Listing Service. And the increase in… Read more »
CA: Pebble Beach Home Sales Up in First Quarter
When a home came on the market in Pebble Beach this year in the $1.2 million range, it didn’t take long to sell. “It was gone in three days,” said Bert Aronson of the Aronson Team and Keller Williams Realty, who sells homes in the area but was not the listing agent on that particular… Read more »
NM: Taos Economy May Improve in 2012
Taos County’s economy was 5 percent lower in 2011 compared to 2010, according to gross receipt numbers recently released by the state. The numbers are included in the most recent Taos Economic Report, which compiles economic data for Taos County on a quarterly and annual basis. In the fourth quarter of 2011 alone (October through… Read more »
Willamette Valley Real Estate Likely to Rebound in 2012
Eugene, Springfield housing market to rebound in 2012. According to Realtor David Holland of Eugene Oregon… “Our business is experiencing an unusually high volume of enquiries for this time of year.” I’m seeing a measurable increase in pending, as well as closed home sales in Lane County, Eugene.” David suspects that the local real estate… Read more »
US: Short Sales Still Climbing
In my post on the economy in 2012, I questioned whether the fourth or fifth prediction of a “bottom” in housing was accurate. As if to slap me in the face with statistics, a report today showed pending home sales at their highest point in a year and a half. But that only takes us… Read more »
NJ: Home Prices Stagnant As Sales Creep Up
Reeling from a major decline in home prices, New Jersey homeowners are hoping that the worst of the real estate crash is over. But a massive inventory of foreclosures that have not yet been formally taken back by the banks sit vacant waiting as part of the shadow inventory to be accounted for by lenders…. Read more »
DC: New Contract Changes Mean All Homes To Be Sold As-Is
This year, when we ring in 2012 with a glass of bubbly, we will also be ringing in a new era of how D.C.-area residents buy and sell real estate. As of the first of the new year, a new Regional Sales Contract will be implemented in D.C., Northern Virginia and Montgomery County, Md., that… Read more »
Regina, Saskatchewan to See Drop in Housing Starts in 2012
Regina and area home builders, who will build close to 1,500 homes this year, will start slightly fewer homes next year, as the new units are absorbed and more resale homes come onto the market, according to Canada Mortgage and Housing Corp. Total housing starts in the Regina area are expected to increase about 10… Read more »
Alberta Likely to See Increase in Housing Starts in 2012
Alberta will be the exception to an otherwise overall national decline in housing starts next year, according to a forecast out this week. The 2011 Housing Forecast, released Tuesday by Altus Group, predicts Alberta’s housing starts will increase by 11.7%, coming on the heels of a 8.1% decline this year compared to 2010. The reason… Read more »
Canadian Real Estate Market Expected to Remain Healthy Through 2012
The Canadian housing market continues to exceed expectations and is now forecast by many experts to remain healthy well into next year despite a slowdown in the overall economy. The Canadian Real Estate Association revised its forecast upward Tuesday after reporting strong October sales. It now projects sales this year will be up 1.4 per… Read more »
HI: Honolulu Real Estate Prices Declined in First Half of 2012
Tourism is up, and unemployment isn’t so bad. Combined, they’ve helped keep the Honolulu housing market relatively healthy in a nation of ailing metro areas. Not that Honolulu real estate hasn’t had bumpy moments. Most recently, there has been a second-quarter downturn in home sales and prices. … Short term, however, has seen a setback… Read more »
