The Illinois Association of Realtors is reporting that home prices in Illinois remained steady for the first quarter of 2007, even with a drop in total home sales (single family and condos). The median home sale price was $197,000, up from $196,000 a year earlier. The average sale price was $251,375, up from […]
According to a recent report released by the Real Estate Board of New York, home prices in New York City rose more than 20% between early 2006 and 2007, with the biggest gains seen in Manhattan.
The report found that the average sales price for an apartment in the city rose to $745,000 in the […]
According to Foreclosures.com, Florida homeowners continue to struggle with foreclosure issues. In April, there were 12,049 pre-foreclosure fillings, with another 3,364 auction filings and 2,370 bank-owned real estate filings. There is some good news however in that pre-foreclosures decreased by 27% when compared with March, while auctions were down […]
Forbes recently compiled a listing of the top 10 most overpriced real estate markets in the country. The magazine looked at the 40 largest metro areas and used a variety of assumptions to determine what they considered to be the most overpriced. They were then ranked in terms of overall affordability.
Here […]
Data released by the North Texas Real Estate Information and Texas A&M University’s Real Estate Center showed the continued slowdown in the North Texas market. According to their report, real estate agents sold 7,254 pre-owned single-family homes last month, compared with 7,961 sales in March. Many economist have now concluded that 2007 […]
On Tuesday, the NAR lowered its 2007 housing forecast. According to chief economist David Lereah, existing home sales are expected to fall 2.9% lower than the 2.2% previously forecast . Home sales are however projected to rise again in 2008. New homes sales are also expected to take a hit. […]
Like many other sections of the U.S., Florida’s real estate market has taken a beating in the past six months. However, all the news out of Florida isn’t bad. There are some elements in the real estate market that have either stablized or are doing well.
They include:
Smaller condo units in prime […]
San Diego’s real estate market may start showing some improvement soon. At least, tThose are the findings of the UCLA’s Anderson Forecast, one of the state’s leading economic think tanks. But before everyone starts dancing in the streets, the report goes on to caution that home prices may not rise for some time.
Four […]
Zillow.com is reporting that median home values in the Sacramento area dropped 7.4% in the first quarter of 2007 when compared to a year ago. Zillow.com compiles its data by tracking the value of homes — those that have recently sold, are available to purchase, and houses not on the market.
House values […]
The Honolulu Board of Realtors reported this week that the number of single-family homes sold on Oahu rose last month and the median price of a house had both increased. In April, there was a 3% increase in homes sold during the same month in 2006. This is good news after figures in […]