Thursday, December 17, 2009

USA Today Housing

Excellent article from USA Today will show you what drops and which markets were over built*

Home sales up 3.8% for quarter; rising foreclosures drop prices
Updated 8/14/2009 9:02 AM | Comments 40 | Recommend 9 E-mail | Save | Print | Reprints & Permissions | Subscribe to stories like this
Christopher Paulsen, left, decided to rent out a room in his house to recent college grad Ben Storrud after his son moved out of their Incline Village, Nev. home. Nevada had one of the highest housing price declines in the country in the second quarter.
Enlarge image Enlarge By Scott Sady, AP
Christopher Paulsen, left, decided to rent out a room in his house to recent college grad Ben Storrud after his son moved out of their Incline Village, Nev. home. Nevada had one of the highest housing price declines in the country in the second quarter.

MORTGAGE RATES
National overnight averages Today +/-
30 yr fixed mtg 5.08%
15 yr fixed mtg 4.48%
5/1 ARM 4.34%
$30K home equity loan 8.40%
$30K HELOC 5.20%
About these rates
To compare rates in your area:
Enter zip code

HOW'S THE REAL ESTATE MARKET IN YOUR AREA?
Close to Home index: Cities, towns, counties featured

*

By Stephanie Armour, USA TODAY
Home sales rose in most of the country in the second quarter compared with the first, a trend driven by falling prices, lower interest rates, and a tax credit for first-time home buyers.

The sales increase is viewed as a positive sign that the struggling housing market is showing more signs of stabilization, even though foreclosures continue to escalate.

Existing home sales rose 3.8% to a seasonally adjusted annual rate of 4.76 million units in the second quarter from 4.58 million units in the first quarter, according to the National Association of Realtors (NAR). That is still 2.9% below the second quarter of 2008.

"We're seeing a growing percentage of metropolitan areas (with home sales) up over the year, which is impressive," says Joel Naroff, with Naroff Economic Advisors. "We're seeing growing strength in a variety of areas across the country."

But foreclosures are rising, and that's pulling down home prices. Foreclosure filings were reported on 360,149 properties in July, according to a RealtyTrac report today. That's an increase of nearly 7% from the previous month and a jump of 32% from July 2008.

Thirty-nine states saw sales increases from the first quarter, and sales in nine states were higher than a year ago. Washington, D.C., showed both quarterly and annual rises.

Double-digit gains in sales between the first and second quarters were seen in Idaho, Utah, New Mexico, Washington, Hawaii, New York, New Jersey, Maine, Vermont, Wisconsin, Indiana, South Dakota and Montana.

"This data suggests that the recovery is broadening," says Lawrence Yun, chief economist with NAR. "Low interest rates and the tax credit (for first-time home buyers) are beginning to pull buyers back into the market."

READ: Mortgage applications up

But prices on existing homes are continuing to fall. The national median price for single-family homes was $174,100 in the quarter, which is 15.6% lower than during the same period last year.

The largest sales gain between the first and second quarters was in Idaho, up 67.5%, followed by Hawaii, up 24.2%. New York was up 22.3% and Wisconsin's sales rose 21.7%.

"It's important to see the growth because of the volume (of homes) out there," says Pat Lashinsky, CEO of ZipRealty. "We're seeing inventory come down and the market come back into equilibrium."

Median sale prices in 155 metro areas
Metropolitan Area
Q2 2008

Q1 2009

Q2 2009

Change from Q2 2008
Akron, OH
$106.500

$50.100

$88.000

-17.4%
Albany-Schenectady-Troy, NY
$198.400

$184.500

$189.400

-4.5%
Albuquerque, NM
$199.400

$182.600

$182.200

-8.6%
Allentown-Bethlehem-Easton, PA-NJ
$251.500

$218.000

$225.600

-10.3%
Amarillo, TX
$124.600

$122.000

$127.300

2.2%
Anaheim-Santa Ana, CA (Orange Co.)
$578.000

$435.800

$468.100

-19.0%
Appleton, WI
$134.900

$110.300

$113.900

-15.6%
Atlanta-Sandy Springs-Marietta, GA
$158.300

$115.600

$121.400

-23.3%
Atlantic City, NJ
$255.900

$219.100

$218.700

-14.5%
Austin-Round Rock, TX
$194.200

$182.300

$194.000

-0.1%
Baltimore-Towson, MD
$280.500

$245.800

$253.000

-9.8%
Barnstable Town, MA
$350.200

$276.700

$325.600

-7.0%
Baton Rouge, LA
$165.700

$159.400

$168.500

1.7%
Beaumont-Port Arthur, TX
$124.900

$129.100

$138.600

11.0%
Binghamton, NY
$120.900

$110.300

$117.700

-2.6%
Birmingham-Hoover, AL
$163.500

$130.400

$152.300

-6.9%
Bismarck, ND
$152.500

$153.300

$157.800

3.5%
Bloomington-Normal, IL
$152.800

$153.800

$153.000

0.1%
Boise City-Nampa, ID
$191.000

$157.100

$160.400

-16.0%
Boston-Cambridge-Quincy, MA-NH**
$366.700

$290.700

$336.100

-8.3%
Boulder, CO
$375.800

$328.400

$373.300

-0.7%
Bridgeport-Stamford-Norwalk, CT
$449.900

$347.400

$442.900

-1.6%
Buffalo-Niagara Falls, NY
$108.200

$99.200

$115.400

6.7%
Canton-Massillon, OH
$102.800

$66.200

$101.500

-1.3%
Cape Coral-Fort Myers, FL
$178.100

$87.300

$84.000

-52.8%
Cedar Rapids, IA
$141.200

$127.300

$141.700

0.4%
Champaign-Urbana, IL
$142.900

$141.600

$141.000

-1.3%
Charleston-North Charleston, SC
$215.100

$188.200

$198.200

-7.9%
Charleston, WV
$136.600

$119.200

$131.200

-4.0%
Charlotte-Gastonia-Concord, NC-SC
$201.300

$171.500

$199.700

-0.8%
Chattanooga, TN-GA
$132.400

$117.900

$125.700

-5.1%
Chicago-Naperville-Joliet, IL
$257.600

$185.600

$204.300

-20.7%
Cincinnati-Middletown, OH-KY-IN
$139.500

$106.500

$129.600

-7.1%
Cleveland-Elyria-Mentor, OH
$117.500

$69.900

$106.000

-9.8%
Colordo Springs, CO
$214.700

$180.000

$189.000

-12.0%
Columbia, MO
$146.500

$152.600

$144.300

-1.5%
Columbia, SC
$149.500

$134.300

$137.900

-7.8%
Columbus, OH
$145.700

$118.300

$136.600

-6.2%
Corpus Christi, TX
$144.400

$126.300

$133.400

-7.6%
Cumberland, MD-WV
$101.500

$114.900

$123.500

21.7%
Dallas-Fort Worth-Arlington, TX
$151.000

$135.700

$150.700

-0.2%
Danville, IL
N/A

N/A

N/A

N/A
Davenport-Moline-Rock Island, IA-IL
$86.700

$100.300

$113.200

30.6%
Dayton, OH
$116.900

$79.700

$106.500

-8.9%
Decatur, IL
$94.200

$77.100

$91.300

-3.1%
Deltona-Daytona Beach-Ormond Beach, FL
$173.400

$128.700

$127.200

-26.6%
Denver-Aurora, CO
$225.200

$192.900

$223.700

-0.7%
Des Moines, IA
$156.600

$137.300

$150.100

-4.2%
Detroit-Warren-Livonia, MI
N/A

N/A

N/A

N/A
Dover, DE
$202.600

$201.000

$193.700

-4.4%
Durham, NC
$185.900

$171.500

$185.500

-0.2%
Elmira, NY
$76.400

$77.100

$85.000

11.3%
El Paso, TX
$137.700

$132.800

$131.800

-4.3%
Erie, PA
$103.900

$85.900

$98.100

-5.6%
Eugene-Springfield, OR
$230.200

$210.800

$202.400

-12.1%
Fargo, ND-MN
$140.200

$134.100

$141.200

0.7%
Farmington, NM
$192.800

$191.200

$188.600

-2.2%
Florence, SC
$114.200

$98.500

$115.500

1.1%
Ft. Wayne, IN
$96.500

$80.600

$94.600

-2.0%
Gainesville, FL
$204.800

$160.300

$178.200

-13.0%
Gary-Hammond, IN
$136.300

$92.000

$115.100

-15.6%
Glens Falls, NY
$167.900

$156.600

$152.400

-9.2%
Grand Rapids, MI
$112.500

$72.000

$86.500

-23.1%
Green Bay, WI
$150.400

$138.400

$141.300

-6.1%
Greensboro-High Point, NC
$153.200

$129.700

$141.800

-7.4%
Greenville, SC
$160.300

$142.000

$140.000

-12.7%
Gulfport-Biloxi, MS
$143.300

$132.800

$138.700

-3.2%
Hagerstown-Martinsburg, MD-WV
$193.100

$167.100

$164.900

-14.6%
Hartford-West Hartford-East Hartford, CT
$253.900

$222.300

$234.100

-7.8%
Honolulu, HI
$636.000

$570.000

$569.500

-10.5%
Houston-Baytown-Sugar Land, TX
$153.400

$138.500

$157.400

2.6%
Indianapolis, IN
$118.400

$94.600

$121.300

2.4%
Jackson, MS
$129.500

$122.600

$140.100

8.2%
Jacksonville, FL
$186.800

$154.100

$152.700

-18.3%
Kalamazoo-Portage, MI
N/A

N/A

N/A

N/A
Kankakee-Bradley, IL
$134.000

$116.600

$132.200

-1.3%
Kansas City, MO-KS
$152.800

$126.600

$144.100

-5.7%
Kennewick-Richland-Pasco, WA
$163.400

$159.300

$163.900

0.3%
Kingston, NY
$252.800

$194.300

$207.000

-18.1%
Knoxville, TN
$153.600

$138.600

$144.700

-5.8%
Lansing-E.Lansing, MI
$108.400

$65.600

$81.200

-25.1%
Las Vegas-Paradise, NV
$235.300

$155.300

$141.800

-39.7%
Lexington-Fayette,KY
$146.800

$133.800

$142.700

-2.8%
Lincoln, NE
$133.500

$132.400

$133.100

-0.3%
Little Rock-N. Little Rock, AR
$133.700

$125.400

$134.600

0.7%
Los Angeles-Long Beach-Santa Ana, CA
$418.900

$303.500

$311.100

-25.7%
Louisville, KY-IN
$134.900

$121.100

$132.700

-1.6%
Madison, WI
$227.400

$208.500

$214.200

-0.06%
Manchester-Nashua, NH
$254.800

$215.700

$222.600

-12.6%
Memphis, TN-MS-AR
$131.600

$96.100

$121.100

-8.0%
Miami-Fort Lauderdale-Miami Beach, FL
$310.200

$206.000

$207.400

-33.1%
Milwaukee-Waukesha-West Allis, WI
$219.900

$190.800

$218.100

-0.8%
Minneapolis-St. Paul-Bloomington, MN-WI
$210.800

$174.100

$184.500

-12.5%
Mobile, AL
$138.900

$127.900

$128.800

-7.3%
Montgomery, AL
$144.200

$122.500

$134.200

-6.9%
Nashville-Davidson--Murfreesboro, TN
N/A

N/A

N/A

N/A
New Haven-Milford, CT
$275.700

$216.500

$236.200

-14.3%
New Orleans-Metairie-Kenner, LA
$162.900

$150.800

$165.800

1.8%
New York-Northern New Jersey-Long Island, NY-NJ-PA
$454.000

$372.900

$379.800

-16.3%
New York-Wayne-White Plains, NY-NJ
$499.400

$423.200

$425.200

-14.9%
NY: Edison, NJ
$373.700

$320.900

$331.700

-11.2%
NY: Nassau-Suffolk, NY
$466.600

$376.700

$386.800

-17.1%
NY: Newark-Union, NJ-PA
$420.200

$350.400

$379.400

-9.7%
Norwich-New London, CT
$241.500

$199.600

$216.200

-10.5%
Ocala, FL
$147.600

$108.600

$110.200

-25.3%
Oklahoma City, OK
$131.000

$129.900

$128.300

-2.1%
Omaha, NE-IA
$138.000

$129.000

$134.900

-2.2%
Orlando, FL
$223.500

$154.800

$149.200

-33.2%
Palm Bay-Melbourne-Titusville, FL
$148.000

$114.300

$104.100

-29.7%

Pensacola-Ferry Pass-Brent, FL
$161.700

$137.200

$147.800

-8.6%

Peoria, IL
$124.800

$109.800

$126.100

1.0%

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
$235.700

$206.000

$211.000

-10.5%

Phoenix-Mesa-Scottsdale, AZ
$205.100

$129.200

$131.100

-36.1%

Pittsburgh, PA
$125.200

$103.400

$124.200

-0.8%

Pittsfield, MA
$222.900

$180.000

$189.000

-15.2%

Portland-South Portland-Biddeford, ME
$231.000

$192.100

$209.400

-9.4%

Portland-Vancouver-Beaverton, OR-WA
$286.100

$248.600

$246.200

-13.9%

Providence-New Bedford-Fall River, RI-MA
$269.200

$202.400

$215.700

-19.9%

Raleigh-Cary, NC
$213.200

$223.000

$211.300

-0.9%

Reading, PA
$153.600

$145.200

$151.900

-1.1%

Reno-Sparks, NV
$274.400

$209.800

$192.100

-30.0%

Richmond, VA
$239.300

N/A

$211.200

-11.7%

Riverside-San Bernardino-Ontario, CA
$265.200

$172.500

$161.500

-39.1%

Rochester, NY
$119.200

$105.600

$119.100

-0.1%

Rockford, IL
$120.700

$100.000

$113.400

-6.0%
Sacramento--Arden-Arcade--Roseville, CA
$229.500

$169.300

$177.500

-22.7%
Saginaw-Saginaw Township North, MI
$80.300

$30.300

$55.700

-30.6%
Saint Louis, MO-IL
$148.600

$100.900

$133.600

-10.1%
Salem, OR
$216.400

$200.000

$191.200

-11.6%
Salt Lake City, UT
$234.200

$230.100

$216.500

-7.6%
San Antonio, TX
$158.100

$145.200

$153.100

-3.2%
San Diego-Carlsbad-San Marcos, CA
$434.900

$330.500

$347.100

-20.2%
San Francisco-Oakland-Fremont, CA
$684.900

$402.000

$472.900

-31.0%
San Jose-Sunnyvale-Santa Clara, CA
$755.000

$450.000

$500.000

-33.8%
Sarasota-Bradenton-Venice, FL
$266.400

$155.200

$175.800

-34.0%
Seattle-Tacoma-Bellevue, WA
$380.500

$315.200

$328.400

-13.7%
Shreveport-Bossier City, LA
$142.500

$136.000

$146.800

3.0%
Sioux Falls, SD
$144.400

$95.500

$146.000

1.1%
South Bend-Mishawaka, IN
$89.400

$61.800

$88.100

-1.5%
Spartanburg, SC
$130.200

$109.100

$122.700

-5.8%
Spokane, WA
$196.600

$180.000

$177.800

-9.6%
Springfield, IL
$112.300

$111.400

$116.200

3.5%
Springfield, MA
$209.000

$170.100

$189.500

-9.3%
Springfield, MO
$121.200

$116.300

$120.900

-0.2%
Syracuse, NY
$123.600

$113.700

$124.600

0.8%
Tallahassee, FL
$166.400

$156.000

$149.800

-10.0%
Tampa-St.Petersburg-Clearwater, FL
$180.800

$135.300

$140.900

-22.1%
Toledo, OH
$104.100

$65.500

$87.100

-16.3%
Topeka, KS
$110.300

$106.500

$113.300

2.7%
Trenton-Ewing, NJ
$318.900

$252.500

$254.300

-20.3%
Tucson, AZ
$215.900

$176.400

$174.100

-19.4%
Tulsa, OK
$132.000

$127.000

$133.200

0.9%
Virginia Beach-Norfolk-Newport News, VA-NC
$225.000

$201.000

$216.000

-4.0%
Washington-Arlington-Alexandria, DC-VA-MD-WV
$371.100

$279.400

$319.200

-14.0%
Waterloo/Cedar Falls, IA
$115.400

$97.300

$106.700

-7.5%
Wichita, KS
$125.800

$108.100

$125.300

-0.4%
Worcester, MA
$247.300

$189.600

$220.300

-10.9%
Yakima, WA
$162.300

$143.500

$162.800

0.3%
Youngstown-Warren-Boardman, OH-PA
$71.700

$51.200

$71.500

-0.3%
U.S.
$206.400

$167.300

$174.100

-15.6%
NE
$272.300

$235.200

$246.000

-9.7%
MW
$160.700

$131.600

$146.800

-8.6%
SO
$176.900

$146.600

$158.600

-10.3%
WE
$289.700

$229.200

$212.600

-26.6%
Source: National Association of Realtors




You might be interested in:

* Median home price rises as sales pick up; 155 metro areas
* U.S. home market shows 'encouraging' signs
* Can home market bounce back without more help?
* Great news for economy: New home sales surge 9.6% in July

2 comments:

Tampa Real Estate said...

Nice way to find an area median home current home sale. A barometer of where you should be at and what areas are best to Hold prices.

Tampa Real Estate said...

I seen first hand alot of these areas in Florida. I can tell you there is alot more going on than just price reduction in some of these areas be careful