Posts Tagged: real estate

CT: Affordability Will Be Key to Housing Comeback

Affordability is the linchpin to the revival of Eastern Connecticut’s housing market, several participants in a forum said Friday. One of them was John Bolduc, CEO of the Norwich-based Eastern Connecticut Association of Realtors. He called upon the construction industry to focus on making housing that young families can afford to buy and young singles… Read more »

NV: Las Vegas Home Sales Jumped in August

Based on new statistics by the Greater Las Vegas Association of Realtors (GLVAR), sales of local homes, condominiums and townhomes jumped significantly in August, approaching an all-time record for existing home sales in a single month. According to GLVAR, the total number of local homes, condominiums and townhomes sold in August was 4,693. That’s up… 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 »

FL: Tampa Home Prices Increased in Second Quarter

Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year. The Standard & Poor’s/Case-Shiller home-price index showed Tuesday that prices increased in June from May in 19 of the 20 cities tracked. Prices… Read more »

Featured Gay Friendly Realtor: Sue Garfitt, Santa Fe

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 Santa Fe Realtors and Real Estate Professionals Sue Garfitt has been in the real estate business for more than thirty years, and has spent more than twenty… Read more »

Northern Virginia Home Values Increasing

Home values in the Northern Virginia area have experienced marked increases, signaling a good time to buy, reports leading Northern Virginia real estate specialist Karen Parker. Arlington, Virginia homes for sale continue to be an active market, with home prices and values experiencing slight increases, according to the recent Zillow Home Value Index. Condominiums still… 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 »

OK: Lenders Fighting Mortgage Fraud

Another mortgage fraud case from the housing boom worked through federal court this week when a Midwest City man was sentenced to federal prison for conspiracy to commit wire fraud in two home sales. The transactions were in 2006 and 2007. With the boom long over, such cases could be fewer and farther between because… Read more »

MI: Four Cities Have Most Gay Couples, Census Says

Four Michigan cities are listed among the 25 cities with the highest same-sex couple population, according to a recent analysis from the Williams Institute. The institute has used U.S. census data to analyze same-sex couple populations since 1990. The institute ranked cities by how many same-sex couples were present per 1,000 households in small, medium… Read more »

Featured Gay Friendly Realtor: Jennifer Walker-Derby, Atlanta

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 Georgia Realtors and Real Estate Professionals As the Walker-Derby Team Leader, I am a Multi-Million Dollar Producer and an annual recipient of ReMax’s elite 100% award. Also… Read more »

AZ: Phoenix Area Sees Biggest Home Depreciation in US

The Phoenix-Mesa-Glendale metro area is No. 1 in price depreciation for depreciation of single family homes, according to a study conducted by CoreLogic, a national research and analytics company. Non distressed single family homes depreciated 7.9 percent for the 12 months ending July 31. All single family homes, including distressed, depreciated 10.8 percent. While Chicago-Joliet-Naperville… Read more »

NE: Amid Stiff Competition, Omaha Home Sellers Hire Stagers

Faced with a surplus of competing for-sale signs, more home sellers are going that extra step to make their house pop, er, sell. They’re hiring professional “home stagers” — consultants who rent pictures to brighten bland rooms, rearrange furniture to maximize living space, declutter, de-odor or do whatever is needed to increase appeal. Vickie Jenkins,… Read more »

Featured Gay Friendly Realtor: Scott Lacy, Indianapolis

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 Indiana Realtors and Real Estate Professionals Indianapolis is my hometown. I love showing it off! Whether you are relocating, returning, or just searching for another home or… Read more »

WV: Home Prices Increased 14% in July

National monthly home prices increased by a modest 0.8 percent for the second consecutive month in July according to CoreLogic’s July Home Price Index (HPI), but prices were still 5.2 percent lower than a year ago. July marks the fourth consecutive month in which monthly home prices have seen an increase. Although year-over-year price comparisons… Read more »

Featured Gay Friendly Realtor: Geoff Hartle, Toronto

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 Ontario Realtors and Real Estate Professionals Geoff was born and raised in Downtown Toronto,and spent 17 years living and working in New York, London, Spain and Hong… Read more »

Mexico a Lot Safer Than People Think

Quick – which national capital has the higher murder rate: Mexico City or Washington, D.C.? If you answered Mexico City, you’d be in good company – after all, Mexico is a war zone, isn’t it? But you would be wrong, on both counts. Based on FBI crime statistics for 2010 and Mexican government data released… 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 »

MT: State Doing Better Than Most in Foreclosures

The newest data on home foreclosures says there’s an increase in the Pacific Northwest, but Montana’s doing better than the majority of the United States. says Montana, as a whole, has fewer foreclosures than most U.S. states, but it’s a different story when you look at individual cities. In some, foreclosures are on the… Read more »

MI: Detroit’s Changing Face

Detroit is gaining traction. Real estate investors, civic leaders and other Detroit supporters are talking about a palpable difference in the city’s economic development progress, especially in core areas like Midtown and downtown. Properties are changing hands. New owners are setting up shop with hubs for innovation and retail. Residential spaces are getting spiffed up… Read more »

AZ: State Has Second Highest Underwater Mortgage Rate in Country

Statistics indicating that nearly half of Arizona mortgages are under water brought no surprises to many homeowners who have had trouble selling a home or are fighting foreclosure. Arizona homeowners with reduced equity in their homes face many financial challenges, and the plummeting real estate market in Phoenix has been a major factor. A recent… Read more »

NH: Year-Over-Year Home Sales Jumped 30% in July

Home sales in New Hampshire jumped nearly 30 percent last month when compared to July 2010, but the state Realtors association is warning people not to get too excited. The New Hampshire Association of Realtors reports Friday that 1,048 homes were sold in July, up from 811 sales in the year-ago month. But sales in… Read more »

Featured Gay Friendly Realtor: Terry Hudson Home Inspections, Denver

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 Colorado Realtors and Real Estate Professionals A home is more than just the combination of brick, hardwood floors and plumbing that will take care of physical needs… Read more »

CO: Denver The Fastest Moving Real Estate Market in July

The summer of 2011 has seen positive developments for Colorado’s housing market, with the latest indicator coming from the National Association of Realtors. Denver topped NAR’s recently released list of July’s fastest-moving real estate markets. The median age of property on the Denver market in July was 32 days, a decrease of 38.5 percent from… Read more »

Featured Gay Friendly Realtor: Gael W. Hammer, Connecticut

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 Connecticut State Realtors and Real Estate Professionals I’ve been a Washington resident and Washington realtor for more than twenty years. I’ve broken sales records for Litchfield County… Read more »

US Home Sales About the Same in July

Sales of newly built, single-family homes held virtually unchanged in July with a 0.7 percent dip from the previous month to a seasonally adjusted annual rate of 298,000 units, according to newly released data from the U.S. Commerce Department.”The fact that new-home sales fell by less than one percent in July is an indication of… Read more »

Canadian Real Estate Sales Stronger Than Expected in 2nd Quarter

The Canadian Real Estate Association has revised its forecast for residential property sales as transaction activity and prices were stronger than expected in the second quarter of the year. Sales momentum was also better than expected heading into the third quarter. As a result, the 2011 national forecasts for sales activity and average price have… Read more »

Costa Rica Real Estate Draws Baby Boomers

Costa Rica is fast becoming one of the most favored destinations for a growing number of American ‘baby boomer’ retirees who are looking to live out there days in the sun, shows a recent report by Fox Business. According to Christopher Howard, a published author who has written several books on the topic of Central… Read more »

WI: Home Prices Drop For Third Year

Led by business and forestland prices, property values in Wisconsin fell for the third straight year in 2010, though the drop was just over half of what it was the previous year. A report by the state Department of Revenue shows that the value of homes, businesses and other property in the state fell by… Read more »

NJ: Hopes Dashed for Real Estate Market Recovery

In the last three months, the housing market in New Jersey was slowly starting to stabilize — at least, in the sense things had stopped getting worse. After tumultuous years that included a double-dip in home prices nationwide, median sale prices for the second quarter this year ranged from rising 5.6 percent in the Atlantic… Read more »

AZ: Flagstaff Home Prices Fell Sharply in July

July is usually one of the peak months for home sales in the greater Flagstaff area. But not this year. The median sales price for a detached, single family home hit the $245,000 mark in July, according to information compiled by the Northern Arizona Association of Realtors Multiple Listing Service. Last year, the median home… Read more »

San Francisco: Is Bayview the New Castro?

Bayview and the rest of District 10 – Hunters Point, Potrero Hill and Visitacion Valley – is in the process of transforming into a safer, more accessible and stylish community, according to a number of local activists, residents, and real estate agents. And part of that transformation includes the LGBT community. Last month the San… Read more »

Featured Gay Friendly Realtor: Kirk Dahle, San Francisco

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 Location Realtors and Real Estate Professionals in the San Francisco Bay Area Kirk works hard for his clients, and uses his intuitive nature to provide fantastic customer… Read more »

TN: Central State Home Sales Improved in July

Mt. Juliet real estate agent Judy Rockensock is on track to sell more homes at higher prices this year than she did last year. Her sales reflect a recent report that shows Middle Tennessee home sales could be on the rebound. Last week, a long-awaited glimmer of hope surfaced on the local housing scene with… Read more »

How The Debt Crisis Affects Gay and Lesbian Homeowners

Despite the downgrading of America’s credit rating, there is cause for gay and lesbian home buyers to feel somewhat optimistic. That’s because LGBT buyers now have an even better chance of securing an extremely cheap mortgage to buy a home at price levels that are highly affordable. They also have the unprecedented advantage of knowing… Read more »

Canada: Saskatchewan Has Plan to Help Home Buyers

The Saskatchewan government has outlined an eight-year housing strategy to help potential buyers being pushed out of the market by skyrocketing prices. The report outlines five steps that include increasing the housing and rental supply and improving affordability. The average resale price of a home in Saskatchewan has risen more than 83 per cent since… Read more »

British Columbia Home Sales Dipped in July

British Columbia suffered a major dip in home sales during July, but the situation could get better if interest rates drop, according to a new report by the British Columbia Real Estate Association (BCREA). Sales were up 12.9% in July compared to a year ago, while average prices were up 10% over the same period…. Read more »

QC: Montreal Condo Sales Jumped 23% in July

Condo sales, which now account for half the residential real estate transactions on Montreal Island, soared 23 per cent last month, compared with July 2010, Multiple Listing Service data show. Median prices for condos on Montreal Island, which accounted for 77 per cent of all condos sold in Quebec last month, rose five per cent,… Read more »

The Yukon Home Prices Soaring

Once a playground for 19th century gold speculators, the Yukon is again experiencing a boom as commodities surge and gold prices reach new heights, good news for an incumbent government pushing for its third term. … “Yukoners aren’t really worried about the economy and they haven’t been worried for quite some time,” said Donna Larsen… Read more »

Featured Gay Friendly Realtor: David Dorman, Orlando

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 Orlando Realtors and Real Estate Professionals David makes a great first impression, from his friendly smile to his ability to make his clients instantly comfortable. He takes… Read more »

North/South Dakota Farm Land Values Increasing

The value of farm real estate in the Dakotas has increased over the past year. The Agriculture Department says North Dakota’s average value is $980 per acre, up more than 15 percent, and South Dakota’s is $1,100 per acre, up more than 13 percent. Farm real estate includes land and buildings. In North Dakota, the… Read more »

FL: Home Prices Fell Year-Over-Year in June

Florida home prices continue to decline – no surprise there. But the drop in June doesn’t look so awful compared with other states that also endured the worst of the housing bust. Prices in the Sunshine State fell 7.6 percent in June from a year ago, according to the CoreLogic Home Price Index released Wednesday…. Read more »

SC: Charleston Real Estate Market Recovery Slow But Steady

It’s going to take up to three years to return to pre-recession levels of employment, the factor that drives demand for homes, research economist Joseph Von Nessen told about 400 area Realtors on Tuesday during their midyear residential market update at the Charleston Marriott. But economic indicators point to slow, steady growth in the Charleston… Read more »

MA: Realtors Think State Real Estate Market Improving

Realtors are feeling better about the Massachusetts real estate market than they were a year ago, the Massachusetts Association of Realtors announced today. In June, the Realtor Market Index was 29.17, up 2.8 percent from June 2010. This is the first year-over-year increase since May 2010, the association said in a news release. The Realtor… Read more »

TX: Real Estate Prices Stabilizing?

Texas is the one state to experience both a 3% annual job growth rate in June and relatively stable home prices this month. The latest Monthly Review of the Texas Economy reports Texas had “robust” job growth for the year ending in June. The state’s private sector added 251,900 jobs, with an annual growth rate… Read more »

RI: East Providence Home Sales Down

According to the Rhode Island Association of Realtors, the median price of a single family home dropped two percent in the second quarter of 2011, when compared to the same period last year. Sales were down more than 20 percent year-over-year. In East Providence, the news was mixed. Sales of single-family homes were down nearly… Read more »

Featured Gay Friendly Realtor: Alexis Hlady, Edmonton, Alberta

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 Alberta Realtors and Real Estate Professionals Choosing an Edmonton realtor is a difficult task because really, how does one make that decision and how do you know… Read more »

CA: Lake Tahoe Lakeview Homes Hard to Come By

When buyers are shopping for a property at Lake Tahoe they have many decisions to make. While there is every type of property imaginable from rustic cabins and tiny condos up to palatial estates, the rarest of all breeds is the Panoramic Lakeview. Over the years, architects and developers have strived to maximize lots with… Read more »

MO: St. Louis Home Sales Continue to Slide

House prices continued their slide in St. Louis in June, falling across much of the region. The number of house sales fell, too, though less steeply than in recent months. That’s according to new figures out this week from regional real estate listing services. Overall, sales of previously owned houses in 11 counties fell 5… Read more »

AR: Home Sales Down in June

A report released this week shows home sales in Arkansas jumped from May to June but fell slightly short of reaching 2010 levels. Data compiled by the Arkansas Realtors Associations show about 2,300 homes were sold last month, a 4% decline compared to last year. Amy Glover Bryant with the association says the 2010 homebuyer’s… Read more »

NM: Albuquerque Pending Home Sales Rise

The number of people who signed contracts to buy homes rose across the country and in New Mexico in June. But many of those contracts are falling through and the gain was not enough to signal a rebound in the market. The National Association of Realtors reported Wednesday that its index of sales agreements for… 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 »

Southern Florida Saw Slight Increase in Home Prices in May

After falling for nine months straight, single-family home prices in South Florida rose in May as the spring buying season boosted values, according to Standard & Poor’s Case-Shiller 20-city housing index released Tuesday. Home prices in the region including Miami-Dade, Broward and Palm Beach counties rose 1.2 percent between April and May, after falling 0.2… Read more »

NV: Las Vegas Real Estate Prices Draw Investors

Home sales rose more than usual in the Las Vegas region last month compared with May but fell short of a year earlier amid exceptionally weak new-home sales. The median price paid for a home dropped from both May and a year earlier as foreclosure resales and sub-$100,000 transactions accounted for a higher portion of… Read more »

ID: State Real Estate Prices Dropped the Most in the Nation in May

May’s drop in Idaho home prices eclipsed all other states and the nation as well at 16.4 percent, including distressed properties, compared to May 2010, according to CoreLogic, an online tracker of real estate information. Idaho has topped CoreLogic’s Home Price Index since last year. Home prices in Boise and Nampa declined by 15.09 percent… Read more »

San Francisco Bay Area Market Improved in 2011 Second Quarter

A number of American consumers appeared to have packed up moving boxes, loaded them onto rental trucks, and left for San Francisco during the second quarter of 2011, as the city’s nine counties posted double-digit home sale increases over the previous quarter. According to the latest research from Better Homes and Gardens Mason-McDuffie Real Estate,… Read more »

VT: The “Ninth Least Bad” State in Real Estate

The good news: The state’s revenues are up by about $120 million. The bad news is that the national economy is slowing and Vermont’s tax receipts are likely to remain flat in fiscal year 2013, according to the state’s two economic advisors, Jeffrey Carr and Tom Kavet. … The two economists don’t expect Vermont real… Read more »

Buying Real Estate in Virginia

When is a deal a deal? How can you be sure that your purchase in Northern Virginia is really a deal? Understanding your position as a buyer in Virginia when buying in the D.C. metro area is an important first step in finding a deal that works in your favor. Virginia is a “buyer beware”… Read more »

Southern Delaware Home Resale Market Strengthening

Data released recently by the National Association of Realtors(NAR) indicates a continuously strengthening second homeowner market across the country, including in the beach resort areas of Sussex County. The 2011 NAR Investment and Vacation Home Survey reveals that vacation home sales across the United States accounted for 10 percent of all transactions last year, while… Read more »

NY: Hamptons Luxury Home Sales Improving

Midyear reports from Long Island’s top real estate firm are in, and the news looks good for the luxury market. Brown Harris Stevens reports that the average residential sales prices in the South Fork are up 30 percent, to $2,028,735, from the same period in 2010, and the median sales price rose 18 percent, to… Read more »

How Bad is The Housing Crisis, Really?

You might be tempted to believe that after four years of brutal declines in home prices, the worst of the crisis is over. The Standard & Poor’s/Case-Shiller 20-city index of prices has fallen back to where it was in 2003. Housing prices in Phoenix are at 2000 levels, and Las Vegas is revisiting 1999. Lower… Read more »

ME: May Real Estate Prices Dropped 28% Year Over Year

The number of existing home sales in May dropped 28 percent compared to the same period last year, according to a Wednesday release from the Maine Association of Realtors. The median sales price also dropped slightly May-over-May, from $169,900 to $165,700, a 2.47 percent drop. The group reported that there were 784 units sold statewide… Read more »

Has Western Washington Real Estate Hit Bottom?

There were more home closings in King County and Western Washington in June compared with May, and the average sale price of a King County home rose to more than $400,000 last month. That news heartened some in the real estate industry. According to the Northwest Multiple Listing Service (NWMLS) June report, there were 2,362… Read more »

NY: Sellers Getting Greedy?

When the real estate market crashed, tales of lowball offers abounded in New York: Buyers were in many cases demanding discounts of 25, even 30 percent, off asking prices. Those days, relieved brokers say, have passed. But in this steadier-if-somewhat- uncertain market, some say another frustration has emerged. Sellers, emboldened by the market’s relative improvement… Read more »

MN: Twin Cities Real Estate Prices Stabilizing

There is some good news for people trying to sell their home, Twin Cities real estate prices are stabilizing. The latest Case-Shiller Price Index shows metro home prices rose just under .50 percent during the month of April. It’s the first increase we’ve seen in eight months. The Minneapolis Association of Realtors also says pending… Read more »

MT: Real Estate Market Showing No Signs of Improvement

A recent housing report by the University of Montana Bureau of Business and Economic Research comes to a sobering conclusion: “Three years into its real estate slump, Montana’s housing markets do not yet show definitive signs of improvement.” The report includes all the familiar words Montanans have learned to accept as reality. Foreclosures. Declining prices…. Read more »

MI: Holland’s Real Estate Agents Already Bound By Anti Discrimination Code

Dale Zahn, CEO of the West Michigan Lakeshore Association of Realtors, watched the recent debate in Holland over adding sexual orientation to the city’s anti-discrimination ordinance, but he knew it would have little effect on his members. As an affiliate of the National Association of Realtors, all his members must adhere to the NAR’s code… Read more »

MI: Many Homes Vacant, But Turnaround Coming?

While Michigan’s population was going down, houses kept going up. That left the state with hundreds of thousands of empty houses and apartments, an excess builders and real estate experts say is only now beginning to be filled. Analysis of the 2010 Census shows the number of housing units in Michigan grew by nearly 300,000… 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 »

Central Kentucky Home Sales Dropped 28% in May

Residential home sales in Central Kentucky counties fell almost 30 percent year over year in May, the Lexington-Bluegrass Association of Realtors said this week. The group, which represents Realtors in 12 area counties, said there were 606 residential sales closed in the month, down 27.8 percent from 839 in May 2010. Last year’s numbers were… Read more »

NC: Asheville Rental Market Hot

Housing in Buncombe County changed dramatically over the last decade with huge growth in second homes and an increase in rental housing five times the national average. The two statistics, from newly released 2010 census data, point to diverging trends where affluent people were increasingly attracted to the area and the working class moved away… Read more »

AB: Calgary Home Prices Remained Flat in May

New home prices in the Calgary census metropolitan area remained unchanged from a year ago in May, according to Statistics Canada’s New Housing Price Index released Thursday. The federal agency also said prices were up slightly, by 0.4 per cent, from April in the Calgary region. Across Canada, Statistics Canada said new home prices rose… Read more »

DC’s Housing Market Still Strong

There’s good news and bad news in real estate these days, but if you’re in the immediate area around Washington, the news is mostly good. The Case-Shiller Index, published by Standard & Poor’s and considered the most accurate report of home values both across the country and within 20 major metropolitan regions, showed Washington to… Read more »

Portland Real Estate: Where the Gays Are

A reader sends the above map and writes: I read with interest your reader’s letter about Portlanders blaming gays for changing Portland from “pleasant but affordable” to “a super-hip but very expensive place from which families are fleeing.” First, I assumed that Portlanders blamed Californians for raising home prices, e.g., the “Don’t Californicate Oregon” bumper… Read more »

GA: Atlanta Real Estate Prices Up Slightly in May

The metro Atlanta median home price in May ticked up about $4,000 from last winter, though it was still $21,200 lower than May2010, according to the National Association of Realtors. The agency’s latest monthly sales report shows metro Atlanta prices are moving in the right direction, said NAR spokesman Walter Molony. “But I wouldn’t read… 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 »

AL: Birmingham Home Prices Fell in May

Birmingham area home prices declined in May, pulled down by foreclosure-related transactions, according to research firm CoreLogic. Home prices in Alabama’s largest metro area, including distressed sales, declined by 9.6 percent in May from the prior year, CoreLogic said today. The year-over-year decline in April was 9.3 percent. May’s decline was 6.2 percent when foreclosure-related… Read more »

Featured Gay Friendly Realtor: Steven Glose, Orlando

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 Orlando Realtors and Real Estate Professionals Steve grew up in a small town, and moved to Orlando more than twenty years ago. He still enjoys the simple… Read more »

Housing Market Improving in Alaska, Iowa, North and South Dakota

The housing market is hurting nationally, but it appears to be marching toward recovery in a handful of mostly rural states, economic forecasters say. The states — including North Dakota, South Dakota, Iowa and Alaska — have economies more dependent on the energy, industrial or agricultural sectors, stronger parts of the U.S. economy. Their home… Read more »

NC: Charlotte Home Prices Drop to Lowest Level in Four Years

While other major markets around the country had a boost in home prices in April, Charlotte was among six cities posting their lowest levels in four years, according to a report released Tuesday. The other major markets were fueled by the spring home buying season. Overall, the news from the Standard & Poor’s/Case-Shiller Home Price… 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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Costa Rica: Affordable Beach Properties Available

In the right spots, Costa Rica’s beaches make smart buys today for Americans shopping for good-value retirement and vacation homes. Prices on beachfront properties along certain stretches of Costa Rica’s coast have tumbled. It means a window of opportunity has opened there for Americans anxious to “rescue their retirements” by looking for dollar-stretching opportunities overseas…. Read more »