Home Value News Archive
RISMEDIA, November 16, 2010—Every fall, parents wave goodbye as their college-bound kids pack up their belongings, make the drive down university lane and prepare for football games, mid-terms and freedom. While college living is often associated with dorms and campus housing,
RISMEDIA, November 15, 2010—Fully half of the metropolitan areas tracked in the third quarter of 2010 continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the deadline for the home buyer tax credit, according to the latest survey by the National Association of Realtors. In the third quarter, 77 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the third quarter of 2009, including 11 with double-digit increases; two were unchanged and 76 metros showed price declines. In the third quarter of 2009, only 30 MSAs experienced annual price gains.
RISMEDIA, November 11, 2010—The United States housing market continued its long decline in the third quarter with home values falling for the 17th consecutive quarter, according to Zillow Real Estate Market Reports. With home values 25% below their June 2006 peak, the current
RISMEDIA, November 10, 2010—Real estate professionals from across the U.S. and abroad participated in a series of international discussions to gain global real estate insights during "Bringing International Real Estate Practices to the U.S." at the 2010 Realtors Conference & Expo in New Orleans.
RISMEDIA, November 10, 2010—Slower home sales following the expiration of federal tax incentives for home buyers, a tighter inventory of bank-owned and entry-level properties, and increased activity in several higher-priced markets fueled a slight increase in the median price of a home sold across the greater San Francisco Bay Area during the third quarter, according to an analysis of MLS data issued by the research division of Better Homes and Gardens Mason-McDuffie Real Estate, a member of RISMedia’s Real Estate Information Network® (RREIN).
RISMEDIA, November 6, 2010—(MCT)—Melinda Thompson can't afford to live in North Jersey. And she can't afford to leave. Her property taxes have risen from about $7,000 to about $12,000 in just seven years. She struggles with her mortgage payments, even after her lender modified the loan. But she can't sell her raised ranch in Little Ferry, NJ unless she's willing to take a substantial loss. And she thinks her job prospects wouldn't be nearly as strong in other regions.
RISMEDIA, November 5, 2010—(MCT)—For almost two years, home foreclosures have swept the nation, spreading misery among once-buoyant families, spattering lenders with red ink and undermining efforts to restart the economy. But a bigger problem may turn out to be the millions of Americans who are still faithfully paying their mortgages, but on houses worth far less than before the bubble burst. It's not that these homeowners will stop making their payments. It's just the opposite—that they will keep doing it.
RISMEDIA, November 4, 2010—A flood of 600 foreclosed homes will head to the auction block in Phoenix, Tucson and Kingman from November 9-14. Hudson & Marshall, a leading real estate auction firm, will auction the properties. In a market like Arizona, where housing values have
RISMEDIA, November 2, 2010—(MCT)—When men buy "guy stuff"—cars, lawn mowers, electronics—they're on their home turf. For those purchases, "Men can rely on familiar brand names and test drives to guide their decision-making," says Jackie Hirschhaut, spokesperson for the American Home Furnishings Alliance. But even though men are becoming more involved in decorating their homes, according to research by the American Furniture Manufacturers Association, "For most men, furniture stores are unfamiliar territory," says Hirschhaut.
RISMEDIA, November 1, 2010—(MCT)—Every night before he goes to sleep, Ted Bachrach sets out four rat traps along a construction site next to his well-tended yard. In the morning, Bachrach gets up, makes coffee and removes the traps before he goes on with his day. "That's my daily routine," said the investment manager. Bachrach's charming wood-frame home sits next to two unfinished single-family homes on a quiet residential street in Chicago's Lincoln Park. For a while, he said, three homeless people were living in the garage of one house.
RISMEDIA, October 28, 2010—Home values continue to rise which is good news for central Ohio. The average sale price for the first nine months of the year is $161,204, up 7.4% from the beginning of 2010 according to the Columbus Board of Realtors®.
RISMEDIA, October 27, 2010—As the real estate industry waxed and waned over the past several years, Zillow has gone from suspect intruder to trusted partner. Here, Zillow CEO Spencer Rascoff explains how both the industry and Zillow have evolved together, and why the “dark days” of real estate are behind us.
RISMEDIA, October 22, 2010—Trulia.com, a top site for home buyers, sellers and renters, announced that price reductions for home listings currently on the market in the U.S. have increased for the fourth consecutive month to an all-time high of 27% and account for a total reduction of more than $30.7 billion nationwide. A deeper look into the data shows a continual and dramatic price reduction increase in many cities that began in June 2010.
RISMEDIA, October 21, 2010—Nationwide housing starts edged up 0.3% to a seasonally adjusted annual rate of 610,000 units in September, due entirely to a 4.4% gain in the single-family sector, according to U.S. Commerce Department figures. "Builders are cautiously responding to the small improvement they are seeing in interest among potential home buyers," noted Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. "However, as consumer demand for new homes rises, a major limiting factor for a housing recovery continues to be builders' inability to access credit for new construction."
RISMEDIA, October 20, 2010—The summer season of home buying was a difficult one because many buyers purchased earlier in the spring in an attempt to qualify for the government’s tax credit. Now the market is still attempting to return to traditional seasonal trends. A monthly survey