You are currently browsing the tag archive for the ‘Home Values’ tag.

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Distressed Sales Undercut Home Prices in 2011, Study Says

A report released today says that home prices slid by nearly 5 percent last year, but also indicates that most of the decline was due to distressed sales.

CoreLogic’s December Home Price Index found that home prices fell 4.7 percent in 2011 compared with December 2010, marking the fifth consecutive year of the housing slump. But excluding distressed sales, prices only dropped by 0.9 percent in 2011. The discrepancy between the two figures highlights the foreclosure crisis‘ obstructive effect on a market recovery.

Read more at Distressed Sales Undercut Home Prices in 2011, Study Says.

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.

Housing Collapse Almost Over, Zillow Says

After years of pain and a market free fall that has shaved $6.8 trillion off the value of the nation’s 104 million homes, the decline in U.S. house prices may be nearly over.

U.S. homeowners lost $681 billion this year, according to a study by real estate website operator Zillow set for release today. That’s less than the $1.1 trillion drop in value in 2010, let alone the $2.7 trillion in losses in 2008, Zillow said. And a Zillow survey of 109 economists says …

Read more at Housing collapse almost over, Zillow says.

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.

Home Short Sales Rise in ‘Dramatic Shift’ That May Boost U.S. House Prices

U.S. home prices may get a boost from an unlikely source: a pickup in sales of properties in default before they reach the stage where they are repossessed by the bank and sold.

There has been a “dramatic shift” in banks’ willingness to sell a property for less than the mortgage balance to avoid foreclosing

Read more at Home Short Sales Rise in ‘Dramatic Shift’ That May Boost U.S. House Prices.

Case-Shiller Shows 2.4% 2nd Quarter Gain for Hub Home Prices

Home prices in Boston increased by 2.4 percent in the second quarter, according to Standard & Poor’s Case-Schiller Home Prices Index.

In the first quarter, the index rose 2.6 percent in the metropolitan Boston area. Year-over-year …

Read more at Case-Shiller shows 2.4% second-quarter gain for Hub home prices.

Sell Your House Faster in a Tough Market

(Money magazine) — It’s an extreme buyer’s market — and home values could fall another 5% by year-end. Here’s how to meet the challenge faster, cheaper and better.

Faster

Underprice the place by 10%. Doing so will be painful, no question. But with cheap foreclosures still flooding real estate markets around the country …

Read more at Sell your house faster in a Tough Market.

 

How to Tell if Your Housing Market Has Hit Bottom
Three essential clues may signal if better times are ahead

At first glance, you’re not likely to see a lot of similarities between stately Cambridge, Mass., and sprawling Denton, Texas.

Cambridge (population about 105,000) was already more than 200 years old when Denton (120,000) was founded in 1857. From the center of Cambridge, it’s an easy stroll across the Charles River into Boston. Denton, in contrast, sits where Interstate Highway 35 divides—to the west, it’s 41 miles to Fort Worth; to the east, 39 miles to Dallas.

But both are …

Read more at How to Tell if Your Housing Market Has Hit Bottom.

Shiller predicts further home price declines up to 25%

While other people expect home prices to bounce along the bottom for a while without going up much, Robert Shiller is inclined to be more pessimistic.

There is room for home prices to decline another …

Read more at Shiller predicts further home price declines up to 25%.

Why It’s Time To Buy

The Clouds Haven’t Quite Parted, But the Long-Term Case for Home Ownership Is Looking Stronger

Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor’s Case-Shiller index showing that prices hit new bear-market lows, falling back to …

Read more at Why It’s Time to Buy.

Falling prices whacked low-priced homes hardest

The housing bust has been kinder to higher-priced homes than to lower-priced ones.

Nationwide, top-tier homes have lost 38% of their value since prices peaked in 2006, while prices for bottom-tier homes have dropped …

Read more at Falling prices whacked low-priced homes hardest.

Mass. housing prices on the decline

BOSTON — The Massachusetts housing market continued to struggle in April with sales and median prices both down from the same month last year, although the numbers were up when compared to March.

The Warren Group, a Boston-based publisher of real estate data, on Tuesday reported …

Read more at Mass. housing prices on the 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

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 508 other followers

Blog Categories

Follow

Get every new post delivered to your Inbox.

Join 508 other followers