Posts Tagged: home prices

Places With Sharp Price Increases, Relatively Low Incomes

Zip code 11216 in the Bedford-Stuyvesant neighborhood of Brooklyn has a spectacular stock of stately brownstones. The buildings — long ago sliced into apartments, but easily restored as grand townhomes again — composed the last major collection of brownstones in the borough that hadn’t yet been gentrified going into this housing cycle in the early… Read more »

Vancouver Has a Ton of Empty Homes

“Home buyers and prospective renters have fretted for years that investors were snapping up homes and leaving them empty, cutting supply and boosting prices in the process,” as the Financial Post put it. The report analyzed residential electricity consumption via a decade’s worth of anonymized data provided by BC Hydro, the electric utility. A home… Read more »

Lack of Supply Driving Up US Home Prices

Home prices in the U.S. have risen consistently for the last three years. By that measure, the housing market looks pretty good, but the prices are being driven by a severe lack of supply. And that’s discouraging for many buyers, especially in some of the hottest markets, like Denver. Take the case of new mom… Read more »

Home Prices: A 5-Year Outlook

With inventory presently below historically normal levels, current & future home prices have been the topic of many real estate conversations. The most recent Home Price Expectation Survey was just released; giving insight into where experts believe prices will be leading up to 2019. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate… Read more »

3 Questions to Ask Before Buying a Home

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually… Read more »

10 Easy Tips to Get Your House Ready to Sell

Most people know the basics about getting their home ready to sell: remove any clutter and excess furniture, fix what’s broken and set your rooms to look like a model home would. But buyers have more and more inventory to choose from in this market and the details matter. Here are 10 enhanced Staging Tips 1…. Read more »

Bay Area Home Prices Reach 2007 Levels

The median price paid for a Bay Area home or condo shot up to $570,000 in March — 7.2 percent higher than in February and 23.2 percent more than in March of last year, according to DataQuick. That was the highest median since $587,500 in December 2007, but still below the all-time high of $665,000… Read more »

Waiting to Buy?

Waiting to Buy a House? Do you know someone on the fence, waiting to buy?   Are interest rates are going up? The experts agree that it’s not a matter of “if” interest rates will go up, but rather “when”. They have been held at artificially low levels thanks to the Federal Reserve pouring money… Read more »

Americans Ready for Housing Prices to Rise

When the Federal Reserve began talking about scaling back its massive stimulus program this summer, the markets freaked out. But Americans? Not so much. The Fed has been buying billions of dollars in long-term bonds each month to push down long-term interest rates and boost the housing market. The hint that the Fed might start… Read more »

USA: Home Prices Rise Faster in Gayborhoods

Home prices are rising faster in major U.S. cities than in their suburbs, especially in neighborhoods that have larger gay and lesbian populations and are more racially diverse, according to a national listing service. Asking prices, on a per-square-foot basis, for houses in urban neighborhoods have risen by 11.3 percent in the past year, Trulia… Read more »

USA: Arizona, Nevada, Idaho, North Dakota and California Post Largest November Home Price Gains

U.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported. In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been “widespread” in the U.S…. 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 »

Northwest Home Prices Lagging Behind Rest of Nation

U.S. home prices rose slightly in October but the Pacific Northwest is trailing the rest of the nation. Lender Processing Services Inc., a Jacksonville, Fla.-based real estate research firm, said its index of U.S. home values rose slightly in October, but both Oregon and Washington saw price declines steep enough to rank among the worst… 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 »

Phoenix Home Prices Likely to Continue Rise

By all accounts the Phoenix housing market is showing signs of stability and recovery as the value of a typical single-family home continues to rise. Median single-family home prices — the metric of normalcy in any metropolitan housing market — in the Phoenix area grew more than 25 percent reaching an average of $157,000 toward… Read more »

Denver Home Prices Return to 2007 Levels

According to the latest data from Metrolist(R), home prices have returned to a level not seen since 2007. Despite lagging prices earlier this year, the housing market is finishing the year strong. REcolorado.com, a comprehensive real estate search platform powered by Metrolist, is showcasing a historically low number of houses due to lack of inventory…. Read more »

France: Real Estate Values Down Across Country

Property prices in rural France have fallen considerably over the last four years, according to the latest figures published by Notaires. In the four years to the end of June 2012 prices have fallen nationally by just 3% but this headline figure hides some notably falls in rural areas. The worst hit areas is Creuse… 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 »

Seattle Home Prices Jumped 5.5% in November Over 2012

Home values in the Seattle metropolitan area in November posted their largest monthly gain since 2007, according to a report from Seattle-based online real estate listing service Zillow. Zillow’s Home Value Index tracks the median valuation of all single-family houses, condominiums and cooperatives in a given area, regardless of whether the properties have sold within… Read more »

Las Vegas Home Prices Up Again in November

Officials are reporting home prices increased in November in the Las Vegas area, continuing an upward trend. The Greater Las Vegas Association of Realtors announced Monday that the median price of a home sold in southern Nevada has stayed the same or gone up in 10 of the past 11 months. Association President Kolleen Kelley… Read more »

California Home Prices Up 19% in November Over 2011

A research firm says California home prices posted a ninth straight annual increase in November. DataQuick said Thursday that the median price for new and existing houses and condominiums was $291,000 last month, up 19% from $244,000 the same period last year. The median price jumped $6,000 during the month. More than 37,000 homes sold… Read more »

Las Vegas Home Prices Leveling Off, Sales Increasing

After eight straight months of rising local home prices, statistics released today by the Greater Las Vegas Association of REALTORS(R) (GLVAR) show existing home sales increasing and home prices beginning to level off. GLVAR President Kolleen Kelley, a longtime local REALTOR(R), said she it was only a matter of time before the eight-month run of… Read more »

Houston Home Prices Increasing Steadily

While many U.S. cities that saw hard times during the housing crisis are gaining momentum this year, Houston-area home prices continue to go strong, according to residential property data provider CoreLogic (NYSE: CLGX). The Houston-Baytown-Sugar Land area saw a 6.6 percent increase in single-family home prices in September compared to the same month in 2011,… Read more »

New Mexico Home Prices Up in September

New Mexico home prices increased 3.2 percent in September — compared to a year earlier — in a sign of momentum that has been seen in the residential market across much of the U.S. The numbers come from a Nov. 6 report from real estate data provider CoreLogic (NYSE: CLGX). According to a report in… 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 »

Iowa Home Prices Up But Sales Down in September

Prices were up while home sales were down throughout Iowa in September, according to the Iowa Association of Realtors (IAR). The IAR’s 2012 September Housing Trends Report shows the median sale price was up 5.8 percent from last September. The median sale price was $127,000 in September 2012 and $120,000 in September 2011. Twenty-three of… Read more »

Boston Home Prices Up, Foreclosures Down in August

The latest measures of the state housing market’s recovery pointed in the right direction Tuesday, with foreclosures declining and home prices rising. Single-family home values in the Boston area were up 0.7 percent in August, compared with July, marking the fifth consecutive month of increases, according to the S&P/Case-Shiller Home Price Indices. It monitors repeat… Read more »

Home Prices, Sales Up in Atlanta for Fourth Straight Month

Home prices in the metro Atlanta area show improvement for another month. Homeowners and real estate agents hope the trend will continue. Atlanta real estate veteran Mitch Kaminer says agents are seeing better market conditions after several years of trouble. He’s president of the Atlanta Board of Realtors. The group reports metro home sales were… Read more »

Maui Home Prices Keep Climbing

Home prices on Maui continue to climb, while sales remain flat for homes and slightly up for condominiums, according to the Realtors Association of Maui’s report on August 2012 real estate sales. August home sales on Maui were level at 75 homes sold with 76 sold one month ago. August sales were down from 81… Read more »

New Hampshire Home Sales Up, Prices Down in July

New Hampshire home sales continued to rise in July while sale prices continued to slide, according to the New Hampshire Association of Realtors. A total of 1,260 homes were sold in the state last month, the group announced yesterday, compared with 1,052 in July 2011, a 19.8 percent increase, year-over-year. With 7,044 homes sold in… Read more »

Home Prices Improving in Arkansas

Opening the door to possible buyers for six years as a realtor in Arkansas, Tammy Tompkins has experienced his experienced first hand the changes in the housing market. “We’ve had some good times, and some pretty tough times,” said Tompkins. Negotiating the price of a home between the buyer and seller she said lately has… Read more »

Canadian Home Prices Likely to Slip 10% Over Next Two Years, Report Suggests

Canadian house prices are due for a 10 per cent correction — and likely even more in overheated Toronto and Vancouver — but will likely avoid a U.S.-style collapse, according to a Scotiabank report. Economists from the chartered bank said in a report Wednesday that average Canadian house prices will likely experience a cumulative 10… 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 »

Home Prices Rose in All Major US Cities in May

Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery. The Standard & Poor’s/Case-Shiller home price index released Tuesday showed increases in all of the 20 cities tracked. And a measure of national prices rose 2.2… Read more »

Seattle Median Real Estate Prices Up 11%, But Overall Market More Mixed

Adding to the recent stellar news regarding Seattle’s real estate market, this month’s stats show another big median price increase compared to last year, and a continuing surge of home sales. The median home price in Seattle rose 11.1 percent year-over-year in June, to $425,000. Sales, at the same time, were up 13.2 percent compared… Read more »

Rhode Island Home Prices Rising Steadily

Home prices are steadily rising in the Ocean State, which is a good indicator that the housing market is seeing improvement. Prices are up in 19 out of 20 major cities, and Rhode Island looks to be moving in the right direction. “Year over year we didn’t rise, but we certainly didn’t fall short of… Read more »

Home Prices Up 1.5% in Los Angeles Last Month

Most consumers and real estate professionals anticipate the last Thursday of every month. That is the day the industry standard Case-Shiller housing index report is published. Los Angeles Market up 1.500% Nationally, it is a critical trend watched by those who track housing data and provides a glimpse of the future. In the Los Angeles… Read more »

Southern Florida Home Prices Start to Rise as Inventory Drops

Home prices in Miami-Dade and Broward counties jumped for the third consecutive month in February despite flat or declining sales volume, as the inventory of listings dwindles, real estate figures released Wednesday show. Realtors say that heightened demand for bank-owned properties and an improvement in the processing of short sales has resulted in rapid absorption… Read more »

Mobile, Alabama Home Prices Dropped in January

Home prices in Mobile dropped 11.1 percent in January when compared with January 2011, according to the new data from California-based research firm CoreLogic. They declined by 7.7 percent in December 2011 compared with December 2010. Excluding distressed sales, year-over-year prices declined by 9.6 percent in January compared with January 2011 and by 7.2 percent… Read more »

NC: Home Prices, Sales Up in Charlotte

The Charlotte region saw an increase in the amount of homes sold this February, and each home’s average sales price, when compared to the same time last year, according to the Charlotte Regional Realtor Association. The group says 1,614 homes sold in the region in February at an average sales price of $184,775. That’s an… Read more »

US: Home Prices Fell to Ten Year Low in January

Home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices. The Standard & Poor’s/Case-Shiller home-price index released Tuesday showed that prices dropped in January from December in 16 of 19 cities tracked. The steepest declines were in San Francisco, Atlanta and… Read more »

OR: Bend Median Home Prices Up

The median price for a single-family home in Bend reached $199,000 in February, its third monthly increase, according to figures released Wednesday by the Bratton Appraisal Group. Last month, 134 homes sold in Bend, according to the Bratton Report, and the inventory of single-family homes stood at three months as of Wednesday. In Redmond, the… Read more »

AZ: Phoenix Home Prices Rise, Foreclosures Drop

A new report from the W.P. Carey School of Business at Arizona State University finds that home prices are rising and foreclosures are declining in the Phoenix-area housing market. Mike Orr, director of the Center for Real Estate Theory and Practice, said in a news release that the median price for all sales, including new-home… 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 »

NV: Home Prices Have Dropped 60% Since Peak

Home prices in the state of Nevada, including distressed property sales, have fallen 60 percent since the housing market peaked in April of 2006 according to CoreLogic’s December Home Price Index (HPI), the largest decline in home prices of any state in the country. But Nevada wasn’t the biggest loser in 2011, that distinction belonged… Read more »

Portland Home Prices Dropped Again in November

Home prices in the U.S. dropped in November, the third consecutive month for them to do so according to the Standard & Poor’s/Case-Shiller home price index. The decline isn’t unusual for fall, which typically follows the peak buying season. But prices were still down compared to the same time in 2010. Portland home prices declined… Read more »

Realtor About Town: Kamloops Neighborhoods

Realtor About Town This video series covers the various neighbourhoods of Kamloops. Follow me as I look at neighborhoods in Kamloops.  If you are looking for city and country living, Kamloops is a great place to hang your hat. The video blogs will give you a perspective of seeing Kamloops from your living room. As winter… Read more »

US Home Prices Down Again in November

Residential property prices in the United States continued to drop towards the end of 2011 with the latest figures from CoreLogic showing that national home prices fell 1.4% in November, the fourth monthly fall in a row. On a year on year basis prices, including distressed sales, fell by 4.3% compared with November 2010, the… Read more »

Rhode Island Home Prices Dropped 7% Year Over Year in October

Single-family home prices in Rhode Island dropped 6.9 percent in October compared with the same period last year, the sixth highest price decline of any state, CoreLogic said Tuesday. In the Providence-Fall River-New Bedford area, homes prices fell 2.9 percent for the month, according to the California-based real estate tracking firm. Nationally, home prices dropped… Read more »

Maine Home Sales Increased Almost 7% in October

Maine real estate market continues to show signs of improving. According to Maine Real Estate Information System (MREIS), a total of 945 homes were sold in October, an increase of 6.78% since October 2010. The National Association of Realtors (NAR) reported a nationwide sales increase of 13.8% over the past 12 months. The national MSP… Read more »

Nashville Home Sales Up As Prices Fall

More homes in Middle Tennessee are selling as prices fall. Sales have been up four consecutive months. But, during that time, median home prices have fallen almost 10 percent. Realtor Kim Fennell says business has been gaining steam. Some houses are getting multiple offers, and Fennell says both of her company’s part-time employees have doubled… Read more »

AZ: Flagstaff Big Home Prices Dropped

Home sales in greater Flagstaff rebounded to their second highest level for October since 2005 as buyers snatched up larger homes at discounted prices. A total of 82 detached, single-family homes sold last month in greater Flagstaff, according to information compiled by the Northern Arizona Association of Realtors Multiple Listing Service. That’s up 60 percent… Read more »

Most US Cities Saw Home Prices Dip in 3rd Quarter

Home prices dropped in nearly three quarters of U.S. cities over the summer, dragged down by a decline in buyer interest and a high number of foreclosures high. The National Association of Realtors says the median price for previously occupied homes fell in the July-September from the same period last year in 111 out of… Read more »

Las Vegas Home Prices Reach 1998 Levels

Las Vegas home values slid in August to a new post-recession low and to levels last seen in October 1998 in a widely-watched real estate report released today. The Standard & Poor’s/Case-Shiller home price indices report found values in a 20 big U.S. cities it tracks rose an average 0.2 percent from July to August… Read more »

FL: Tampa Home Prices Up in July, But Still Depressed

Tampa Bay area home prices rose in July, joining most major U.S. cities enjoying seasonal buying. But, experts warn, this won’t last, and prices are expected to decline in the coming months. The Standard & Poor’s/Case-Shiller index released Tuesday showed that home prices increased in July from June in 17 of the 20 cities tracked…. Read more »

US Home Prices Up for Fourth Month in August

Home prices in July climbed for the fourth month in a row, but are still down from a year ago. According to the latest S&P/Case-Shiller home price index of 120 major cities, prices rose 0.9% in July compared with June, but they’re still 4.1% lower than 12 months ago. “We are far from a sustained… Read more »

FL: South Florida Home Prices Back to 2002 Levels

South Florida’s June home prices inched upward on the Standard & Poor’s/Case-Shiller price index from the previous month. That bit of good news was tempered, however, by the fact that it was a small recovery from April’s record low. According to the June index, which was released Tuesday, home prices in Palm Beach, Broward and… Read more »

CA: Median Home Price Declined 4% in August Over 2010

California home prices declined in August from their year-ago levels for an 11th consecutive month, with bargain-priced short sales and foreclosures making up more than half of all transactions, a tracking firm said Friday. San Diego-based DataQuick said in a report that the median home price in the state declined 4.2 percent last month to… Read more »

UT: Home Prices Up 16% Year Over Year in July

There was good news for the Utah real estate market in July as home sales rose 16.4 percent compared to last year. This is the biggest increase in sales since May of last year when buyers were rushing to finalize tax-credit-eligible transactions. During the month, Utah Realtors sold 2,686 homes compared to 2,307 sold in… Read more »

NM: Santa Fe Home Prices Dropped Year Over Year in June, July

CoreLogic, a provider of information, analytics and business services, has released its July Home Price Index, which shows that home prices in the U.S. increased for the fourth consecutive month, inching up 0.8 percent on a month-over-month basis. On a year-over-year basis, however, national home prices, including distressed sales, declined by 5.2 percent in July… Read more »

As Inventory Drops, Tampa Home Prices Increase

Last week, real estate research firm Altos Research released its real-time housing market update, which showed data through August 2011. According to the report, the Tampa real estate market is one of the strongest in the country right now. At the monthly level, anyway. A significant reduction in housing inventory has given a boost to… Read more »

RI: Home Prices Fell Almost 5% in July

Prices for single-family homes in Rhode Island fell 4.7 percent in July compared with the same month last year, CoreLogic said Wednesday. However, when distressed sales – foreclosures and short sales – were removed, prices fell three-tenths of 1 percent, the real estate tracking firm said. Nationally, CoreLogic said its Home Price Index declined 5.2… Read more »

OH: Foreclosure Sales in Toledo Hurt Home Prices

Foreclosure sales are down nationally, but sales in metro Toledo come at nearly half the price of houses not in foreclosure, a report shows. One of every four home sales in metro Toledo was foreclosure related in the April-through-June period, compared with one out of three nationwide, according to figures released Wednesday by RealtyTrac Inc.,… Read more »

OR: Home Prices Dropped Year Over Year

U.S. home prices dropped 6.8 percent in June compared to the prior year. CoreLogic (NYSE: CLGX), a Santa Ana, Calif.-based real estate data firm, said June results were up 0.7 percent over the prior month. It was the third consecutive monthly gain and is consistent with seasonal home trends. Home prices have retreated 31.7 percent… Read more »

FL: Tampa Home Prices Dropped Again in May

Home prices in major U.S. cities rose for the second straight month in May, propped up by an annual flurry of spring buyers. But after adjusting for such seasonal factors, prices fell in a majority of markets. The Standard & Poor’s/Case-Shiller home-price index shows prices rose in 16 of the 20 cities it tracks. Boston… Read more »

Canada: Economy Sputters, But Home Prices Rise

Corporate purchasing activity in Canada slowed in June, further evidence that the economy is entering a soft patch, but new home prices jumped at twice the rate expected in May, according to data released on Thursday. The Ivey Purchasing Managers Index fell to 59.9 in June from 65.5 in May on a seasonally adjusted basis…. Read more »

Las Vegas Real Estate Prices See Slight Rebound in May

Southern Nevada home prices and sales rebounded slightly in May, according to statistics released today by the Greater Las Vegas Association of Realtors. The 3,111 sales of single-family homes were about 1 percent higher than April and nearly 8 percent higher than May 2010. The median price registered a rare monthly increase, going from $125,000… Read more »

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 »

US: What’s Next for Home Prices?

The news today is that the value of your most valuable asset is in trouble again. A report from website Zillow, which lets you look up what your house is worth, says that home prices in the US fell 3% in the first quarter. Worse, Zillow says housing prices could fall as much as 9%… Read more »