Posts Tagged: 2012

Today’s Real Estate Report: Florida

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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »