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Updates from February, 2012
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Michael Saunders & Company Web Stats and Market Leader YTD 2011
Beth Ward
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Florida Sales Report November 2011 Exisiting Condominiums
MSC Marketing
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Florida Sales Report for November 2011 for Single Family Existing Homes
MSC Marketing
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Florida Sales Report – 3rd Quarter 2011 Existing Condominiums
MSC Marketing
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Florida Sales Report – 3rd Quarter 2011 Single-Family, Existing Homes
MSC Marketing
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Trendgraphix Market Report September 2011
Beth Ward
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Michael Saunders & Company Year-to-Date Website and Market Leader Stats, September 2011
Beth Ward
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Trendgraphix Market Report August 2011
MSC Marketing
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Healthiest Housing Markets: Mid-2011 Update
MSC Marketing
From: BUILDER 2011 Posted on: September 15, 2011 2:57:00 PM
It’s time to take a second look at the healthiest housing markets for this year and next.
What can you say about the fickle economic forces that drive the home building industry? Markets that were among the healthiest six months ago have lost favor, due to weakness in the oil and gas sector of the economy. They’ve been replaced in some cases by unexpected markets that have worked through job losses and foreclosures to reach a much brighter place.
Twice annually, Builder works with Hanley Wood Market Intelligence to compile a list of the healthiest housing markets in the United States, based on forward projections for the metrics that drive housing production–jobs, price appreciation, population growth, and income growth. The projections come from Moody’s Economy.com.
Earlier this year, markets in Texas and the Carolinas dominated the list looking at 2011 market-level forecasts, thanks to growth in the oil economy in the case of Texas, and strong population growth in the case of the Carolinas. Both regions also had on their side a recovery in home prices as they worked through foreclosure issues.
Economic conditions in the oil patch aren’t quite as favorable today. And some bloom has come off the rose in the Carolinas, where home prices in some markets have double-dipped. As a result, our forward-looking view of the 20 healthiest markets is a little different today.
A lot has happened in the housing market since we last compiled this list in February. We had a double-dip in home prices. Only a small improvement in employment occurred on a national basis. And the long-vaunted housing recovery, which most housing economists pegged for late this year, hasn’t materialized.
Rising home prices, job gains, and improvement in median incomes will drive the healthiest markets over the next year and a half. Moody’s projects that permit activity may double in some of the very hottest of these markets, as the long-awaited housing recovery takes hold.
Markets that benefit from military spending, or major universities, once again crowd the top of our list. Some markets hit the trifecta with military bases, big universities, and strong private sector employment. But several of the state capitals that appeared on previous versions of the list have dropped to the bottom due to fiscal problems that resulted in layoffs.
Here, without further ado, are the 20 healthiest housing markets based on forecasts through 2012. Though permits weren’t used to produce the market health calculations, we’ve included forecasts for total housing permits in 2011 and 2012 to give you a sense of how big the market is and how much it’s expected to grow over the next 18 months.
Credit: Flickr user david_shankbone20: Greeley, Colo.
Health Index: 72
2010 Population Forecast: 252,825
2011 Total Building Permit Forecast: 1,532
2012 Total Building Permit Forecast: 2,510
The forces lifting the housing market along Colorado‘s Front Range are spilling into Greeley, located about an hour’s drive northwest of Denver. Home prices here never got out of control during the housing boom and reset early in the housing recession. Also, the region dealt early and effectively with its foreclosure situation.
Now, positive economic forces are taking hold along Colorado’s Front Range. In fact, all the main drivers of new home construction, home prices, jobs, population, and incomes, are expected to turn solidly positive in Greeley next year.
Home to Northern Colorado University and the North Colorado Medical Center, Greeley is projected to have some of the strongest population growth (1.8%) in the country. With a median home price of about $140,000 this summer, Greeley is an affordable alternative to Denver. A strengthening local economy will lift the median income here by 4.2%.
Visit our Local Markets page for Greeley to see more data and analysis.
Credit: Courtesy ZK Homes (More …) -
15 Cities Where Listing Prices Are Rebounding
MSC Marketing
Daily Real Estate News | Friday, September 23, 2011By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
Prices are rising in Florida: Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Florida cities make up 9 of the top 10 places for highest year-over-year list price spikes, based off of August data of 2.2 million listings in 146 markets.Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
1. Miami
Average list price: $640,332
Year-over-year increase: 27.4%2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%3. Central-Fla.-RSA
Average list price: $405,809
Year-over-year increase: 19.41%4. Punta Gorda, Fla.
Average list price: $267,066
Year-over-year increase: 16.37%5. Macon, Ga.
Average list price: $193,520
Year-over-year increase: 15.98%6. Sarasota-Bradenton, Fla.
Average list price: $466,785
Year-over-year increase: 15.86%7. Naples, Fla.
Average list price: $713,087
Year-over-year increase: 15.13%8. West Palm Beach-Boca Raton, Fla.
Average list price: $591,895
Year-over-year increase: 14.68%9. Ocala, Fla.
Average list price: $193,360
Year-over-year increase: 12.07%10. Lakeland-Winter Haven, Fla.
Average list price: $181,409
Year-over-year increase: 11.48%11. Oralndo, Fla.
Average list price: $319,419
Year-over-year increase: 10.56%12. Portland-Vancouver, Ore.-Wash.
Average list price: $314,537
Year-over-year increase: 10.52%13. Boise City, Idaho
Average list price: $212,588
Year-over-year increase: 10.43%14. Springfield, Illinois
Average list price: $174,537
Year-over-year increase: 9.12%15. Shreveport-Bossier City, La.
Average list price: $211,414
Year-over-year increase: 8.34%Read More:
August Existing-Home Sales Leap Despite Headwindshttp://realtormag.realtor.org/daily-news/2011/09/23/15-cities-where-listing-prices-are-rebounding
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