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An article than ran in the Puget Sound Business Journal on September 20th shared positive news from Seattle-based real estate information site, Zillow. According to their findings, home values in the Emerald City experienced the largest increase in August since the housing downturn.
The report showed that the end of August median home value was up to $261,919.00, or 1.4 percent from one year ago. Zillow's chief economist Stan Humphries noted that this
It appears a long-awaited housing recovery is underway.
According to an article on CNNMoney.com, home prices rose for the second straight month in May, climbing 2.2 percent higher since the month prior. This information comes from the S&P/Case-Shiller 20-city home price index, which was released to the public earlier this summer.
David Blitzer, a spokesman for S&P, said prices are still off 0.7 percent compared with May 2011, but that
It appears that unseasonably warm weather in many parts of the country contributed to upbeat home sales and a sunny outlook for Spring 2012. That was surely the case in Chattanooga, TN where area Realtors sold 442 houses during February, up nearly 22 percent over the same month a year ago and 35.2 percent above the sales volume in January. As a matter of fact, the Greater Chattanooga home sales totals were the best they have been for January through February in 5 years.
The Chattanooga Board of Realtors
The value of homes in Cincinnati, Ohio has dropped compared to home values both last month and last year. Zillow.com shows the current home value index for Cincinnati at $83,000. This number represents the median estimated value of homes in the Cincinnati area as calculated by Zillow. This March 2012 estimate is a 5.6% reduction from 2011. While overall home values have dropped, there are several areas within Cincinnati that have seen an increase in home values. The neighborhoods of Mt. Lookout,
During most of 2011, Santa Fe’s housing market became more stable, evidenced by a 2% increase in total sales over 2010. Although the average price increased by about $1500, which brought it to $445,783 at the close of 2011, the median price actually dropped from $325,000 to $318,000. Local real estate speculators report that rising prices are a “lagging indicator and that an increase in number of sales is always a precursor to rising prices.”
Since the start of 2012, home sales in