U.S. Home Values Stabilizing
U.S. home values remained unchanged in October from the previous month, and they were 5.7 percent lower than a year ago, reports Zillow, the Web-based home listing and valuation service. That marks the lowest level of annual depreciation since December 2007.
The Zillow Home Value Index was $190,600 at the end of October, down 20.4 percent [...]
Update on The Bryant Auction
Located just steps from some of the best restaurants the Back Bay and South End have to offer, The Bryant on Columbus Avenue is offering 10 luxury homes at an auction scheduled for Saturday, October 17th. Prices will start at $1,075,000….as low as $476 per-square-foot! The ultra-luxury, boutique building offers 24-hour concierge, on-site garage parking, [...]
Survey: The Best and Worst Expected Performing Markets
Baton Rouge, La., tops the list of large U.S. markets that are expected to perform the best in home prices over the next six months, according to the Third Quarter Home Price Forecast by Local Market Monitor, a real estate forecasting solutions company.
The survey also identifies Buffalo; N.Y., Dallas; Fort Worth, Texas; Houston; Little Rock, [...]
Study Shows Home Prices Gain, REO Declines
U.S. home prices rose 7.3 percent for the most recent quarter with each of the nation’s four regions posting gains, according to a new report from Clear Capital, a real estate asset valuation company.
Home prices rose 16.4 percent in the Midwest, 5.7 percent in the South, 5.4 percent in the Northeast and 3.0 percent in [...]
Where is all the Inventory?
Almost every news report about real estate inventory these days makes it seem as if homes are flooding the market and home buyers have prime pickings. Many Boston home buyers are finding it hard to believe that there may be very few homes that fit their search criteria. For example, if you are searching for [...]
Pending Home Sales Rise for Sixth Straight Month
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent from the previous month and was 12.0 percent higher than July 2008, NAR reports. The index now has risen for six straight months and has reached the highest level since June 2007.
In the Northeast, the Pending Home Sales [...]
Home Prices Show ‘Positive Signs’
Home prices declined 14.9 percent in the second quarter of 2009 compared to the same period of 2008, according to the latest S&P/Case-Shiller Home Price Index. But this is an improvement over the record decline of 19.1 percent reported in the first quarter this year. The index’s 10-city and 20-city composites recorded annual declines of [...]
First-Time Buyer Tax Credit Extention Possible
Bills to extend the maximum $8,000 tax credit for first-time home buyers are pending in both the U.S. House and the Senate. The current credit is due to expire on Nov. 30. Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill [...]
Have We Weathered the Economic Storm?
Have We Weathered the Economic Storm?
The Boston Real Estate market has not fallen as far as experts and professionals had originally predicted. The Second Quarter Citywide Link report has shown a significant increase in appreciation for the second quarter of 2009 to 103% from 95% for the first quarter. What does that mean? Well, [...]
Mortgage Trends with Brian Cavanaugh
Are mortgage rates going up? Are mortgage rates going down? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey may point you in the right direction. The Bankrate.com survey is for conforming mortgages only. It is not specific to Cincinnati, nor does not apply to FHA mortgages, VA [...]
