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Archives for July 2013

Real Estate Investing in Right-to-Work States

July 30, 2013 by Marco Santarelli

Uncle-SamGood and plentiful jobs make good markets better for real estate investors. You’ll get little disagreement on that, as it stands to reason that where there are more jobs (and workers to fill them), you need more housing. The fallout from the recession and concurrent housing crisis means more and more of those workers are renters, as they look to rebuild their credit. And workers bringing home a regular paycheck generally can be counted on to pay the rent – on time! – and take care of the property.

Plus, where there’s a sustained need for housing, prices will appreciate more and faster.

[Read more…]

Filed Under: Economy, Real Estate Investing

US Housing Market News

July 23, 2013 by Marco Santarelli

US Housing Market Overview

Zillow’s second quarter Market Report, released today, show home values increased 2.4% from the first quarter of 2013 to the second quarter of 2013 to $161,100.  This quarter marks the largest annual gain since August 2006 and largest quarterly gain since the fourth quarter of 2005. On an annual basis, the Zillow Home Value Index (ZHVI) rose 5.8% from June 2012 levels.

Monthly appreciation remains strong with national home values growing by 0.9% from May. Not only did the pace of home value appreciation quicken in the second quarter, but the recovery also fully took hold nationwide. Markets in some areas of the Northeast, Midwest and Southeastern US, such as Atlanta, Chicago and St. Louis, that had previously been slow to turn the corner began to appreciate, which helped boost the overall national market. All of the top 30 largest metro areas covered experienced annual appreciation in home values as of the end of the second quarter, and all have hit their bottom.

[Read more…]

Filed Under: Housing Market

255 Real Estate Markets Improve

July 10, 2013 by Marco Santarelli

Homes and Their PotentialA total of 255 metropolitan areas across 49 states and the District of Columbia qualified to be listed on the National Association of Home Builders/First American Improving Markets Index (IMI) for July, released today. This is down slightly from the 263 metros that made the list in June, but is more than triple the number of metros that were on it in July of 2012.

The IMI identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Six new markets were added to the list and 14 were dropped in July. Newcomers include the geographically diverse metros of Cumberland, Md.; Saginaw, Mich.; Farmington and Las Cruces, N.M.; Kingston, N.Y.; and Olympia, Wash.

[Read more…]

Filed Under: Housing Market

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