Friday, January 22, 2010
Good news for the Real Estate market
Home Prices Trend Up
Source: MBANewslink.com; Mike Sorohan (1/7/2010)
After two years of “steadily dismal” national home price declines, a report from Clear Capital, Truckee, Calif., suggests a more positive outlook for 2010.
The latest Clear Capital Home Data Index Market Report released this morning shows national quarterly home price gains of 1.7 percent, with all four regions showing improvement. Year over year, home prices posted a price change of -1.3 percent, a substantial improvement over 2008’s -20.4 percent change.
Additionally, the report said the national REO saturation rate fell by nearly 16 percentage points in December from the beginning of the year, to 25.5 percent.
“Home buyer credits mixed with low interest rates have helped return homebuyers to the marketplace,” the report said. “At the same time, loan modification programs have helped regulate the new supply of distressed properties. Throughout 2009, these factors contributed to the national REO saturation rate dropping, helping to drive prices up during the summer months and stabilizing home prices.”
Regionally, home prices gained strongest in the Midwest, 4.1 percent. The South and West each recorded gains of 1.2 percent; the Northeast saw a 0.4 percent gain.
At the Metropolitan Statistical Area level, Detroit--a market that really had nowhere else to go but up--once again led highest-performing markets, showing a 17.4 percent gain. Overall, Clear Capital said MSA home prices continue to improve, with seven of the 15 highest-performing markets posting positive yearly gains; last year at this time, just one market returned positive year-over-year marks.
Another market, Las Vegas, turned in its first positive quarterly price gain in more than three years, gaining 1.1 percent. Clear Capital noted that while its yearly price decline (-27.4 percent) remains high, Las Vegas is “showing signs of transitioning from home-price freefall, to more traditional trends.”
Source: MBANewslink.com; Mike Sorohan (1/7/2010)
After two years of “steadily dismal” national home price declines, a report from Clear Capital, Truckee, Calif., suggests a more positive outlook for 2010.
The latest Clear Capital Home Data Index Market Report released this morning shows national quarterly home price gains of 1.7 percent, with all four regions showing improvement. Year over year, home prices posted a price change of -1.3 percent, a substantial improvement over 2008’s -20.4 percent change.
Additionally, the report said the national REO saturation rate fell by nearly 16 percentage points in December from the beginning of the year, to 25.5 percent.
“Home buyer credits mixed with low interest rates have helped return homebuyers to the marketplace,” the report said. “At the same time, loan modification programs have helped regulate the new supply of distressed properties. Throughout 2009, these factors contributed to the national REO saturation rate dropping, helping to drive prices up during the summer months and stabilizing home prices.”
Regionally, home prices gained strongest in the Midwest, 4.1 percent. The South and West each recorded gains of 1.2 percent; the Northeast saw a 0.4 percent gain.
At the Metropolitan Statistical Area level, Detroit--a market that really had nowhere else to go but up--once again led highest-performing markets, showing a 17.4 percent gain. Overall, Clear Capital said MSA home prices continue to improve, with seven of the 15 highest-performing markets posting positive yearly gains; last year at this time, just one market returned positive year-over-year marks.
Another market, Las Vegas, turned in its first positive quarterly price gain in more than three years, gaining 1.1 percent. Clear Capital noted that while its yearly price decline (-27.4 percent) remains high, Las Vegas is “showing signs of transitioning from home-price freefall, to more traditional trends.”
Monday, January 18, 2010
New Listings
3 bedroom/2 bathroom home, Carolina Shores - Calabash, Brunswick County, NC
$184,900
3 bedroom/3 bathroom home, Cherry Grove section of North Myrtle Beach, SC
$269,900
$184,900
3 bedroom/3 bathroom home, Cherry Grove section of North Myrtle Beach, SC
$269,900
Monday, January 4, 2010
Carolina Forest, Myrtle Beach
Carolina Forest is a beautiful suburban residential area just West of Myrtle Beach, South Carolina. Carolina Forest school systems are award-winning and are one of the top school districts in the state. Carolina Forest also has it's own post office, fire department, grocery stores, many restaurants and fast-food choices, sports bars, fitness clubs, doctors offices, churches, community center, several golf courses, etc., etc.! Many people love the fact that when you're in Carolina Forest, you don't ever have to get on the very busy Highway 501 or Highway 17 to get to all of these places! They are all located within the Carolina Forest Community. The Carolina Forest section of Myrtle Beach has been growing rapidly in the past 10 years with very unique and highly sought-after real estate. There is a wide selection of real estate in Carolina Forest, including condominiums, single-family homes, estate homes, townhouses, garden homes, and lake-front homes and homesites. Some very popular subdivisions in Carolina Forest are Walker's Woods, Plantation Lakes, Covington Lake, and Waterford. Click here to check out one of our Carolina Forest home listings.
Subscribe to Posts [Atom]
