10 markets with fastest-rising real estate prices

South accounts for 6 of 10 metros with highest jumps in median list price
BY INMAN NEWS, MONDAY, MAY 23, 2011.

Southern metro areas dominated a list of the 10 markets with the biggest year-over-year increases in median list price in April, according to monthly data released this week by Realtor.com. The data considers 146 metro areas nationwide.

Two Florida markets saw the highest jumps: median list price in Fort Myers-Cape Coral rose 25.7 percent to $225,000, and the median in Miami rose 8.6 percent to $239,000.

Shreveport-Bossier City, La., followed with an 8.1 percent increase, to $173,000. Fort Myers-Cape Coral and Miami also saw the biggest year-over-year drops in inventory: -25.3 percent and -29.9 percent, respectively.

The two Florida markets were the only metros in the top 10 to move properties at a slower rate than the national median: 95 days. Median age of inventory for each was 116 and 129 days, respectively. READ MORE HERE!


For learn how you can target the fast growing Latino Market-Go Here!

A New National Multi-Cultural Real Estate Franchise Formally Announces its Launch

OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week.

Celebration, FL (PRWEB) November 7, 2010

OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week. OneRes was founded by former real estate franchisees, former Fortune 500 company executives, residential and commercial developers.

OneRes leadership consists of African American, Asian, Hispanic and Caucasian ethnicities and represents the diversity of America. Corporate Directors are Eric Waddell, President/CEO, Edie Waddell, VP of Franchise Relations, Joe La Rosa, Chief Executive Consultant, Mike La Rosa, VP of Business Development, Ana Alvarez, VP of Recruiting and Carmen Chong, VP of Education.

From Celebration, Florida, Eric Waddell, President and CEO of OneRes said, “The Company was formed because there is a definite need for small to medium sized real estate brokerages to have affordable access to business support in the areas of education, training and technology.

The current economic conditions and the real estate and financial market collapse had a greater impact on small to medium size real estate brokerages, driving income down and many out of business causing a call to action and thus OneRes was created.” With a focus on providing education, training, and collaborating with franchisees on community outreach initiatives, the OneRes brand is a proponent of interconnecting awareness and effectively servicing outreach initiatives that have an immediate impact on improving our communities. OneRes expects a high level of growth within the next 12 months.

OneRes currently has branch locations in Texas, California, New York and Florida and intends to begin franchising new locations in November and December with a nationwide rollout in January 2011.

For more information or to schedule an interview with the principles of OneRes, please contact Edie Waddell at 407-566-2689.
# # #

February Market Review

New and Resale Levels Fall

After a rising surge from September through November,
existing-home sales fell as expected in December after
first-time buyers rushed to complete sales before the
original November deadline for the tax credit. However,
prices rose from December 2008 and annual sales improved
in 2009, according to the National Association of Realtors®.

Existing-home sales – including single-family, townhomes,
condominiums and co-ops – fell 16.7 percent to a seasonally
adjusted annual rate1 of 5.45 million units in December
from 6.54 million in November, but remain 15.0 percent above
the 4.74 million-unit level in December 2008.

For all of 2009 there were 5,156,000 existing-home sales,
which was 4.9 percent higher than the 4,913,000 transactions
recorded in 2008; it was the first annual sales gain since 2005.

Lawrence Yun, NAR chief economist, said there were no surprises
in the data. “It’s significant that home sales remain above
year-ago levels, but the market is going through a period of
swings driven by the tax credit,” he said. “We’ll likely have
another surge in the spring as home buyers take advantage of
the extended and expanded tax credit. By early summer the
overall market should benefit from more balanced inventory,
and sales are on track to rise again in 2010. However, the
job market remains a concern and could dampen the housing
recovery – job creation is key to a continued recovery in
the second half of the year.”


Sales of new one-family houses in December 2009 were at a
seasonally adjusted annual rate of 342,000, according to
estimates released jointly January 27th by the U.S. Census
Bureau and the Department of Housing and Urban Development.
This is 7.6 percent (±14.6%) below the revised November
rate of 370,000 and is 8.6 percent (±15.2%)* below the
December 2008 estimate of 374,000.

The median sales price of new houses sold in December 2009
was $221,300; the average sales price was $290,600. The
seasonally adjusted estimate of new houses for sale at
the end of December was 231,000. This represents a supply
of 8.1 months at the current sales rate.

An estimated 374,000 new homes were sold in 2009. This is
22.9 percent (±2.9%) below the 2008 figure of 485,000.

RELN Weekly Real Estate Blog-Briefing

• Maine Warns of Phone Housing Scam
Homeowners in Maine have been receiving phone solicitations of fake foreclosure or refinancing help and the Maine Housing Authority is warning them to watch out for more housing scams.... Read more »

. Mortgage Applications Up Again After Rate Decline Read more »

. Home seminar offered by Hispanic agents
AZ Central.com - Craig Anderson - ‎Sep 23, 2009‎
The Hispanic Association of Real Estate Professionals event will be 10 am to 5 pm at Christown Spectrum Mall, 1703 W. Bethany Home Road. Read more »

Interested In Targeting The Latino Market?

Real Estate Latino Network Can Help! We offer our clients agents and brokers a full complement online marketing solutions, managed by a Latino culturally diverse team with bilingual capabilities and over 10 years of real estate experience. We focus on helping real estate professional and agencies communicate effectively to Latino buyers and sellers with culturally relevant online marketing. Target marketing that converts leads into closed deals!

Just Released: U.S. Housing Market Conditions, First Quarter 2009

HUD's Office of Policy Development and Research has released U.S. Housing Market Conditions for the first quarter of 2009. The report contains a quarterly analysis of housing production, marketing, affordability and interest rates, and the multifamily housing sector.

The data are compared to both the previous quarter and the first quarter of 2008. This issue also presents updated national data, overviews of economic and housing market trends within each HUD region, and reviews historical trends in national and regional housing markets.

The feature article highlights an update of the Low-Income Housing Tax Credit (LIHTC) Database, which now includes LIHTC- financed projects placed in service through 2006. In-depth, housing market profiles explore the following areas: Atlanta-Sandy Springs-Marietta, Georgia; Denver-Aurora-Boulder, Colorado; Midland- Odessa, Texas, Nashville-Davidson-Murfreesboro- Franklin, Tennessee; Phoenix, Arizona; Rochester, New York, Sacramento-Arden-Arcade-Roseville, California; and Tulsa, Oklahoma.

This and previous U.S. Housing Market Conditions reports are available online and can be downloaded for free at www.huduser.org/periodicals/ushmc.html.

Go back to www.realestatelatino.net