Category: West Virginia

West Virginia housing market

Housing Market Predictions for 2015 West Virginia Real Estate

Find out if the West Virginia Housing Market is right for you.

Since 2010 onward, West Virginia has slowly bounced back from being one of the two worst economies nationwide. The state finally pulled out of its slump. Housing markets braced for a long sought after recovery. Meanwhile, the state held the second lowest number of foreclosures which provided endurance for West Virginia real estate. Morgantown was among the first cities to… Continue reading Housing Market Predictions for 2015 West Virginia Real Estate

2013 West Virginia Housing Market

West Virginia led all states in year-over-year home price increases in August of 2012. According to CoreLogic, a real estate information firm, West Virginia ranked first with an 8.6 percent increase in home prices. The state was followed by Wyoming at 3.6 percent, and North Dakota at 3.5 percent. The news, said West Virginia broker… Continue reading 2013 West Virginia Housing Market

Housing Index Shows Upward Trend

By Mike Colpitts Home prices declined an average of less than one-percent in the U.S. on a year to year basis through the end of March, according to a heavily watched housing price index indicating an upward trend for the marketplace. The CoreLogic index showed that prices were down 0.6% from one year ago, including… Continue reading Housing Index Shows Upward Trend

Home Prices Forecast Higher

By Mike Colpitts Home prices in a larger number of cities are forecast to inflate in value in 2012 as many U.S. cities make inroads towards a housing recovery. Signs of progress are developing in a growing number of U.S. states, including hard hit Florida, Michigan and Mississippi. Improving conditions in many cities are attributed… Continue reading Home Prices Forecast Higher

Record High Crop Prices Inflate Home Values

By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total… Continue reading Record High Crop Prices Inflate Home Values

Real Estate Recovery Hard to Fathom

By Kevin Chiu Sometimes it’s hard to fathom. But there isn’t going to be a full-fledged recovery from this real estate crash for many years to come. For some reason a lot of people want to believe that things will somehow mercifully get better—and get better fast – like over night. Some areas of the… Continue reading Real Estate Recovery Hard to Fathom

Homeownership Drops by Largest Amount Since Great Depression

By Jeanne Roberts It’s probably no surprise that the number of individuals owning homes has experienced its biggest drop since the Great Depression, an epoch usually defined as the decade between 1929 and 1939. The figures are from the U.S. Census Bureau, and show that the rate of homeownership fell to 65.1% in April 2010,… Continue reading Homeownership Drops by Largest Amount Since Great Depression

Home Price Index Shows Six Month Drop

By Mike Colpitts Home prices dropped for six straight months in the U.S., declining by 5.7% on average in January compared to a year earlier, despite the federal governments home buyer tax credit, according to Core Logic. The real estate research firm gathers mortgage data for the lending industry. The drop represented a 1% higher… Continue reading Home Price Index Shows Six Month Drop