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CoreLogic: Home Prices Rose 7.9 Percent in 2012!

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Real Estate Economy Watch – Insight and Intelligence on Residential Real Estate

Written by: Steve Cook   Tue, January 15, 2013

December 2012 home prices are expected to rise by 7.9 percent on a year-over-year basis from December 2011 and fall by 0.5 percent on a month-over-month basis from November 2012 reflecting a seasonal winter slowdown, CoreLogic said today.

Excluding distressed sales, December 2012 house prices are poised to rise 8.4 percent year-over-year from December 2011 and by 0.7 percent month-over-month from November 2012, according to the CoreLogic Pending HPI.

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 7.4 percent in November 2012 compared to November 2011. This change represents the biggest increase since May 2006 and the ninth consecutive increase in home prices nationally on a year-over-year basis. On a month-over-month basis, including distressed sales, home prices increased by 0.3 percent in November 2012 compared to October 2012. The HPI analysis shows that all but six states are experiencing year-over-year price gains.

To read the article in it’s entirety, please click on the following link:

http://www.realestateeconomywatch.com/2013/01/corelogic-prices-rose-79-percent-in-2012/

More good news for 2013…Enjoy and feel free to call me for all of your Real Estates needs!

 


Foreclosure Backlog Shrinks – A Wonderful Read!

By | Ashley, Residential, Uncategorized | No Comments

As reported by: Real Estate Economy Watch – Insight and Intelligence on Residential Real Estate.

Written by: Editor, October 5, 2012

The long-feared backlog of foreclosures that accumulated during the Robogate processing slowdown in 2010 and 2011 has declined further as the number of new foreclosures dwindled in August and completed foreclosures are being quickly absorbed in markets hungry for discount priced distress sales.

CoreLogic reported today foreclosure inventories have fallen to their lowest level since April 2010. Some 1.3 million homes, or 3.2 percent of all homes with a mortgage, were in the national foreclosure inventory as of August 2012 a decline from 1.4 million, or 3.4 percent, in August 2011. Month-over-month, the national foreclosure inventory was unchanged from July 2012 to August 2012. The foreclosure inventory is the share of all mortgaged homes in any stage of the foreclosure process.

To read more, please follow the link below:

http://www.realestateeconomywatch.com/2012/10/foreclosure-backlog-shrinks/

This is Positive News for our Economy. A Great Read – Enjoy!

One Homeowner Out of Eight Undervalues Their Home.

By | Ashley, Residential, Uncategorized | No Comments

As reported by: Real Estate Economy Watch – Insight and Intelligence on Residential Real Estate.

Written by: Steve Cook   Fri, September 28, 2012

About one out of eight, or 17 percent, or homeowners with a mortgage believes their home is worth less than the amount they owe when in fact the opposite is true, suggesting that large numbers of owners are undervaluing their homes, perhaps due to recent home price increases.

A new Rasmussen Reports national telephone survey of U.S. homeowners released last week shows that 39 percent say their home is not worth more than what they still owe on their mortgages, while 47 percent report their home is worth more than what they owe. Some 14 percent are undecided.

Yet only 10.8 million, or 22.3 percent, of all residential properties with a mortgage were actually in negative equity at the end of the second quarter of 2012, according to the latest data from CoreLogic. This is down from 11.4 million properties, or 23.7 percent, at the end of the first quarter of 2012. An additional 2.3 million borrowers possessed less than 5 percent equity in their home, referred to as near-negative equity, at the end of the second quarter.

To read more, please click on the link below:

http://www.realestateeconomywatch.com/2012/09/one-homeowner-out-of-eight-undervalues-their-home/

A very interesting read – Are you one of the eight? Enjoy!

More Buyers Choose Conventional over FHA Loans

By | Ashley, Uncategorized | No Comments

As Reported by “Real Estate Economy Watch-Insight and Intelligence on Residential Real Estate”

Written by: Steve Cook   Mon, September 24, 2012

Mortgage financing in the housing market jumped sharply in the month of August, but the use of FHA financing declined, suggesting the
government program is losing favor and private lenders are gaining market share.

To read more, please follow the link below. A very interesting read. Enjoy.

http://www.realestateeconomywatch.com/2012/09/more-buyers-choose-conventional-over-fha-loans/

Feauture Article in “Creating Your Recipe for Success” Section of the Fall Edition of Alabama REALTOR®

By | Ashley, Uncategorized | No Comments

Residential Real Estate Sales

Ashley Smith Durham

REALTOR®

Prestige Properties

3 Cups of Honesty and the Guts to Communicate the Facts!

2 Cups Hard Work and Dedication

½ Cup Market Knowledge

1 Tablespoon Industry Education

1 Teaspoon Continual Business Investments and Sales Tools

 The recipe to success in Residential Real Estate sales is quite simple. Like baking a cake, it requires a lot of one ingredient and a few others, to make it just right! The largest component of residential sales success in the current market is HONESTY, along with the guts to share the true facts!

To read the article in its entirety, please click the following link:

http://content.yudu.com/Library/A1ygf8/AlabamaREALTORMagazi/resources/index.htm?referrerUrl=http%3A%2F%2Ffree.yudu.com%2Fitem%2Fdetails%2F590839%2FAlabama-REALTOR-Magazine—Fall-2012

July Price Increase Matches Boom Levels!

By | Ashley, Uncategorized | No Comments

As Reported by Real Estate Economy Watch/Insight and Intelligence on Residential Real Estate!

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 3.8 percent in July 2012 compared to July 2011. This was the biggest year-over-year increase since August 2006.

CoreLogic today reported that on a month-over-month basis, including distressed sales, home prices increased by 1.3 percent in July 2012 compared to June 2012*. The July 2012 figures mark the fifth consecutive increase in home prices nationally on both a year-over-year and month-over-month basis.

Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 4.3 percent in July 2012 compared to July 2011. On a month-over-month basis excluding distressed sales, home prices increased 1.7 percent in July 2012 compared to June 2012, also the fifth consecutive month-over-month increase. Distressed sales include short sales and real estate owned (REO) transactions.

Read More By Clicking on the Attached Link!

http://www.realestateeconomywatch.com/2012/09/july-prices-soared-more-than-in-six-years/

Auburn Schools Announces Proposed Zoning!

By | Ashley, Uncategorized | No Comments

Effective August 2013

www.auburnschools.org

Message from Auburn City Schools Public Relations Coordinator:

Linked to the Auburn City Schools webpage, www.auburnschools.org, you will find a video relating to the proposed elementary grade reconfiguration. The video includes Dr. Jenkins in explanation of the proposal, along with two maps used for clarification. I am requesting that you please share the link with both your teacher and parent groups, via email or phone call. There is also a public portal, should anyone have the desire to provide feedback or ask questions concerning the reconfiguration.

Your help in providing accurate information to parents is most appreciated.

Jenifer Lovvorn
Director of Public Relations/FACES
Auburn City Schools.

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