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The Trend in Home Prices in West Bridgewater MA in January 2012 – Improving, or…?

Prices of single family homes in West Bridgewater MA in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are up 12.6% compared to January 2011, and they are down 6.4% since July of 2011. It’s important to note that on average, home sales prices in West Bridgewater have remained fairly level over the past 2.5 years.

However, the average listing price of single family homes for sale in West Bridgewater MA in January 2012 is $285,140, up 13.6% from a month ago. Compare this to the current median sales price of $275,000 – where half of sales are above this amount and half below it.

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Home Prices at Lowest Point in More Than 10 Years

NEW YORK (CNNMoney) — Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.

The National Association of Realtors reported that the median home price in January fell 2% from December to $154,700. That’s the lowest price reading since November of 2001, before the run-up in home prices that became known as the housing bubble.

The median price is the point at which half of homes are sold for a higher price, and half are sold at a lower price.

Read more at Home prices at lowest point in more than 10 years.

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What’s Selling – and What’s Not – in East Bridgewater MA in January 2012

On average, homes for sale in East Bridgewater MA in January 2012 are on the market for 156 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

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What’s Selling – and What’s Not – in Bridgewater MA in January 2012

On average, homes for sale in Bridgewater MA in January 2012 are on the market for 112 days before they are sold. However, homes in some price ranges don’t take as long to sell as compared to homes other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

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The Trend in Home Prices in East Bridgewater MA in January 2012 – Improving, or…?

Prices of single family homes in East Bridgewater MA in January 2012 on average have been rising in recent months! Home prices in January 2012 on average are up 17.4% compared to January 2011, and they are up 18.1% since July of 2011.

The average listing price of single family homes for sale in East Bridgewater MA in January 2012 is $321,150, up 22.3% from a month ago. Compare this to the current median sales price of $290,000 – where half of sales are above this amount and half below it.

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The Trend in Home Prices in Bridgewater MA in January 2012 – Improving, or…?

Prices of single family homes in Bridgewater MA in January 2012 on average have been rising in recent months! While home prices in January 2012 on average are down 7.9% compared to January 2011, and they are up 4.4% since July of 2012.

The average listing price of single family homes for sale in Bridgewater MA in January 2012 is $273,746, up 4.3% from a month ago. Compare this to the current median sales price of $275,000 – where half of sales are above this amount and half below it.

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Builders Devise Tactics to Discredit Foreclosure Sales

Homebuilders are switching tactics and confronting head-on one of their biggest nemeses: foreclosed houses that not only lure buyers away with deeply discounted prices, but also simultaneously depress the appraisal values of newly built homes.

At a packed session at the International Builders’ Show expo in Orlando, Fla., this month, consultants and builders said that with gluts of foreclosures in major markets around the country — and more forecast to arrive in the next two years — the time has come to …

Read more at Builders devise tactics to discredit foreclosure sales.

How to Fight a Low Appraisal

When it comes to selling a home or refinancing a mortgage, the appraisal process can make or break the deal.

“The appraisal is pretty much the lynchpin of any transaction in real estate these days,” says Michael Corbett, Trulia’s real estate expert and author. “Over the years there’s been so much acceleration in pricing and a huge drop in pricing that knowing the value is almost an art form.”

Read more at How to Fight a Low Appraisal.

Fannie Mae Survey Shows Americans Expect Home Prices to Improve

A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive month in a row, Fannie Mae said in its consumer sentiment report.

The government-sponsored enterprise interviews 1,000 Americans each month to gauge consumer expectations about housing and the overall economy.

A majority of respondents expect home prices to …

Read more at Fannie Mae survey shows Americans expect home prices to improve.

Is That House Worth the Asking Price?

With home values all over the map and local markets faring very differently in the wake of the housing bust, how do you know if the seller’s list price is on the money?

For most buyers, it starts with what’s known as comparable properties, or comps. In theory, a seller could price their home however they please — but …

Read more at Is That House Worth the Asking Price?

Mild Winter Heating Up Cape Sales

Single-family home sales on the Cape dropped 4.25 percent in 2011 compared to the year before, but luxury home buyers helped boost the market as the average price increased from $465,630 to $466,646 and last year saw 11 sales over $4 million compared to only five in 2010.

So far, the mild winter combined with pent-up demand in the higher end market has helped the Cape get off to a strong start with 15 listings over $1 million going under contract since the beginning of December.

Read more at Mild winter heating up Cape sales.

What’s in Store for Housing in 2012?

The worst for the housing market may finally be over, according to housing experts in a recent article in Kiplinger. After median home price have dropped nearly 40 percent nationwide, a rebound is taking shape — although, housing experts say, the market may stay flat for awhile before gradually ticking up.

According to housing experts in a recent Kiplinger article, here are some predictions for the real estate market in the coming year:

Read more at What’s in Store for Housing in 2012?

As Prices Sink, Home Ownership Heads To New Lows

USATODAY.COM – Home prices across the nation are right back where they were at the beginning of 2003. All that was gained is largely now lost, and the effect on home ownership could continue for decades.

“Consumer attitudes have gotten a lot more negative about long-term commitment,” said Standard and Poors’ David Blitzer, after reporting home prices through September had fallen a deeper-than-expected 3.9%, compared with the third quarter of 2010. “They dropped to new lows. This takes them below the point we saw in 2009, where briefly we all thought this thing was about to turn around.”

And that’s the problem.

Read more at As Prices Sink, Home Ownership Heads To New Lows.

Housing Market Still in Recovery
Massachusetts’ housing downturn persists, despite attempts to reverse it

More than six years after the housing downturn began in Massachusetts, home sales are still painfully slow. Values remain 15 percent below their peak. Foreclosures, which slowed as banks wrestled with legal problems, appear to be accelerating again.

As another fall selling season nears its end, the housing market continues to …

Read more at Housing market still in recovery.

Flawed Appraisals Create Major Problems for Lenders

How do you fight back when an appraiser — often from another city and working for a small fee on behalf of a big bank — wrecks your sale, purchase or refinancing with a low-ball valuation?

It’s a serious problem in markets across the country. For example:

- Homebuilder John Nolde of Richmond recently found a buyer for a new, green-certified house at $199,500, only to see an out-of-area appraiser

Read more at Flawed appraisals create major problems for lenders.

Housing in 2012: Things Are Looking Up
The outlook: Most of the country will see the housing market stabilize, just don’t bet on a big increase in prices

A smaller house will make a big difference

(MONEY Magazine) — Last year the economic forecasting firm Fiserv predicted that home values would sink around 5% in 2011, and that prices in three-quarters of the nation’s major metro areas would fall. The bad news is, the firm wasn’t that far off the mark. The good news: In the coming year, Fiserv thinks 95% of the 384 metro areas it tracks will see prices rise.

Read more at A smaller house will make a big difference.

Mortgage Lenders Could Soon Take Homes’ Energy Costs Into Account

When you apply for a mortgage to buy a house, how often does the lender ask detailed questions about monthly energy costs or tell the appraiser to factor in the energy-efficiency features of the house when coming up with a value?

Hardly ever. That’s because the big three mortgage players — Fannie Mae, Freddie Mac and the Federal Housing Administration, who together account for more than 90 percent of all loan volume — typically don’t consider …

Read more at Mortgage lenders could soon take homes’ energy costs into account.

Housing Market Hits Bottom

The U.S. housing market hit bottom this year and will remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president with Carrington Mortgage Holdings.

“We’re looking at a catfish recovery,” he told attendees at the Asian Real Estate Association of America conference in San Francisco Friday, saying the market will …

Read more at Housing market hits bottom.

Home Prices Continue Four-Month Run of Gains

Home prices in the U.S. rose 0.8 percent between June and July, marking the fourth consecutive monthly increase, the Federal Housing Finance Agency (FHFA) said Thursday.

The agency’s House Price Index (HPI) has been trending upward since …

Read more at Home Prices Continue Four-Month Run of Gains.

Home Prices Pick Up Despite Yearly Decline

NEW YORK (CNNMoney) — Home prices made a comeback during the second quarter, but the struggling housing market isn’t out of the woods yet.

Prices rose a substantial 3.6%, compared with the three months ended March 31. But home prices are …

Rad more at Home prices pick up despite yearly decline.


Lew Corcoran
Licensed Real Estate Agent
- REO Asset Professional
- Certified Short Sale Guide

Best Choice Real Estate
133 Turnpike St.
PO Box 3
South Easton, MA 02375

Phone: (800) 984-3341

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