NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago. According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month. It marked the third straight month that prices in all 20 major markets followed by the index improved, and it would have […]
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How High Will Housing Prices Be in 2016?
September 14, 2012 in General R.E.
Daily Real Estate News | Monday, September 24, 2012 A quarterly survey of more than 100 economists shows growing optimism for the real estate market when it comes to housing prices. The majority of the economists surveyed say they expect home prices to steadily increase for the next four years. The economists surveyed expect home prices to rise 2.3 percent this year over the fourth-quarter of 2011, according to the survey conducted on behalf of Zillow. In 2013, they expect prices to rise 4.7 percent; 8 percent in 2014; 11.4 […]
Foreclosures?
September 7, 2012 in General R.E.
Daily Real Estate News | Tuesday, September 04, 2012 The states with the highest percentages of foreclosures are seeing a drop, but distressed sales still remain high. Georgia and Nevada had the biggest bulk of foreclosure sales in the second quarter, RealtyTrac reports. The states with the highest percentage of foreclosure sales in the second quarter — in which foreclosure-related sales account for at least one in five sales — were: Georgia: 43 percent of all residential sales Nevada: 43 percent California: 40 percent Michigan: 35 percent Arizona: 33 percent […]
Where Foreclosures Are Still the Biggest Problem
September 4, 2012 in General R.E.
Daily Real Estate News | Tuesday, September 04, 2012 The states with the highest percentages of foreclosures are seeing a drop, but distressed sales still remain high. Georgia and Nevada had the biggest bulk of foreclosure sales in the second quarter, RealtyTrac reports. The states with the highest percentage of foreclosure sales in the second quarter — in which foreclosure-related sales account for at least one in five sales — were: Georgia: 43 percent of all residential sales Nevada: 43 percent California: 40 percent Michigan: 35 percent Arizona: 33 percent […]