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Market data for Southeast Florida single family homes for the month of June 2012 can be found at http://www.TheModernistAngle.com
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Several real estate markets are starting to show signs of improvement with home prices in the last quarter as the industry demonstrates more signs of stabilizing, according to Clear Capital's latest monthly Home Data Index Market Report.
REO saturation rates have improved in the majority of the country’s largest markets. However, many areas are still battling year-over-year price declines. Clear Capital’s index reports that quarter-over-quarter home price declines were 2.3 percent in the latest quarter, which is less than half compared to the previous month. “The latest market report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter,” says Alex Villacorta, director of research and analytics at Clear Capital. “We are still far away from the strong demand needed to fully turn things around for the housing market. However, it is clear from the initial spring sales data that prices are softening, suggesting stabilization in the market." The High Performers Seven of the top 15 markets posted quarter-over-quarter property price gains in this month's report, compared to none in last month’s, according to Clear Capital. Here are the seven highest-performing major real estate markets, according to the report. 1. Washington, D.C.-Arlington, Va.-Alexandria, Va. Quarter-to-quarter home price change: 4.5% Year-to-year price changes (May 2010-May 2011): 4.9% REO saturation: 17.5% 2. St. Louis, Mo. Quarter-to-quarter home price change: 2.2% Year-to-year price changes: -11.4% REO saturation: 35.3% 3. Pittsburgh, Pa. Quarter-to-quarter home price change: 1.6% Year-to-year price changes: 0.3% REO saturation: 10.9% 4. New York, N.Y.-Long Island, N.Y.-No. New Jersey, N.J. Quarter-to-quarter home price change: 1.5% Year-to-year price changes: 1.4% REO saturation: 9.6% 5. Virginia Beach, Va.-Norfolk, Va.-Newport News, Va. Quarter-to-quarter home price change: 1.4% Year-to-year price changes: -13.2% REO saturation: 22.4% 6. Miami-Fort Lauderdale-Miami Beach, Fla. Quarter-to-quarter home price change: 0.6% Year-to-year price changes: -5.2% REO saturation: 39.6% 7. San Jose-Sunnyvale-Santa Clara, Calif. Quarter-to-quarter home price change: 0.5% Year-to-year price changes: -5% REO saturation: 25% Tthe lowest-performing market for the fifth straight month was Detroit-Warren-Livonia, Mich., with a 13.2 percent decrease in quarter-over-quarter home price change and a 58 percent REO saturation rate. Source: “Clear Capital Reports Quarterly Home Price Decline Slows; Signs of Market Stability as Summer Approaches,” Clear Capital (June 9, 2011) via Realtor.mag |
AuthorTobias Kaiser is an independent real estate consultant and licensed Realtor in Florida since 1990. He specializes in modern architecture and net leased investments.  Archives
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MODERN FLORIDA HOMES • 370 CAMINO GARDENS BLVD • BOCA RATON, FL 33432
TOBIAS KAISER, MSc, CIPS • REALTOR/BROKER • MODERN ARCHITECTURE SPECIALIST KAISER ASSOC, INC • LIC FLORIDA REAL ESTATE BROKERS & CONSULTANTS MEMBER NAR, RCA, DOCOMOMO, NCMH • EMAIL • +1 954 834 3088 NO DISCRIMINATION: Kaiser Assoc. and its agents will not discriminate against any person because of race, color, religion, sex, handicap, familial status or national origin in the sale or rental of housing or lots, in advertising the same, in the financing of housing in the provision of real estate brokerage services, in the appraisal of housing, or engage in blockbusting. Kaiser Assoc. strictly adheres to the National Association of Realtors© Code of Ethics and Standards of Practice in accordance with Federal Fair Housing Laws. Site design + contents ©Tobias Kaiser 2021. PUBLICATION, USE OR REPRODUCTION incl. partially ONLY WITH WRITTEN PERMISSION. |