During its recent annual convention in Portland, Maine, the Maine Real Estate and Development Association announced that sales and prices of the state´s single family homes rose almost 12 percent in December of 2012 with more than 800 homes sold in total. The median price rose 6.25 percent to $170,000, and brokers said the numbers… Continue reading 2013 Maine Housing Market
2013 Florida Housing Market
Along with Arizona, Nevada, and California, Florida took a beating when the housing bubble burst nearly six years ago. Floridas home prices dropped more than 48 percent from the first quarter of 2007 to the first quarter of 2013. Experts chalk up the devastation to overbuilding combined with high unemployment. According to RealtyTrac, Florida ranks… Continue reading 2013 Florida Housing Market
Bulk Government Foreclosure Sales Start
By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the… Continue reading Bulk Government Foreclosure Sales Start
Best Housing Markets Forecast
Higher demand from cash paying foreign purchasers are driving home and condominium prices higher in Miami, where the real estate market is on the mend from the worst crash it has ever experienced. Not all Florida home prices are climbing yet, but in Miami Beach and other well off areas of surrounding Dade County the… Continue reading Best Housing Markets Forecast
2013 Kentucky Housing Market
Kentucky’s current real estate market conditions are varied, depending on the part of the state you look at. Louisville continues to show positive signs of significant improvement. While the area did not face the full brunt of the economic downturn of 2008-2009, the local market was still forced to correct itself after the short-lived real… Continue reading 2013 Kentucky Housing Market
2013 New York Housing Market
A dearth of apartments for sale means Manhattan sellers are enjoying a market titled firmly in their favor. According to DNAinfo.com (“Year of the Frustrated Buyer Awaits Manhattan Real Estate Market,” April 2, 2013), “buyers can forget about low-ball offers. There was a 26.8 percent rise in the numbers of homes sold after price increases… Continue reading 2013 New York Housing Market
2013 Virginia Housing Market
Slow, steady housing market improvement across Virginia will continue through 2013 and 2014, according to experts. In a recent press release, the National Association of Homebuilders’ David Crowe said “home price trends continue to increase, which is good news. However, given how far the prices fell during the Great Recession it will still take some… Continue reading 2013 Virginia Housing Market
2013 Washington Housing Market
When it comes to attracting new residents hoping to strike their fortune, Seattle still has “it.” According to the Northwest Multiple Listing Service, n August, home values in King County, which is home to Seattle, made their highest leap since the real estate bubble burst in 2007. Seattle’s median home value was $374,000, up 7.2… Continue reading 2013 Washington Housing Market
2013 California Housing Market
If the experts are correct, California´s housing market will stay the course in 2013, with sales and prices continuing to increase slowly and steadily as they have for two years. Interest rates remain at historic lows and home prices are still relatively affordable. However, while it’s an excellent time to buy, it’s not a simple… Continue reading 2013 California Housing Market
National Real Estate Recession Hits
Troubled by the mortgage melt down and falling home prices, the U.S. housing market has fallen into a national real estate recession, according to the latest analysis by Housing Predictor. The over-whelming majority of local real estate markets are either in housing recessions or battling to keep their economies strong enough to keep from declining.… Continue reading National Real Estate Recession Hits