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Gig Harbor home sale statistics–November

15 hours ago ago from Gig Harbor Undressed

With Christmas right around the corner, I figured it's about time I posted November's home sale statistics for Gig Harbor.  November was a pleasantly productive month for real estate in the Gig Harbor area, especially when compared with last year.  When I talk about Gig Harbor, I refer to zip codes 98335, 98332, and 98333 (which is actually Fox Island).  I do not include Key Peninsula in my Gig Harbor search. So looking just at single ...

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‘People Per Available Home’

17 hours ago ago from bubbleinfo.com

From Altos Research, for which I'm a paying customer so hopefully it's OK to reprint this interesting take on affordability: Ever wondered how in an entire state like California housing prices are able to stay so seemingly unaffordable seemingly forever? Even after two years of bubble correction, homes in most of the state (and other markets like New York) remain as out of reach for the average family as they ever were. If the ...

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Selling For A Profit All Depends On When You Bought!

10 hours ago ago from HarrisonburgHousingToday.com :: Market Updates, Analysis and Commentary on Harrisonburg and Rockingham County Real Estate

Thankfully, the value of homes in Harrisonburg and Rockingham County hasn't taken a nose dive like has happened in many other markets. As you can see below, modest (normal?) growth in values occurred between 2000 and 2003, unbelievable (and unsustainable) growth in values occurred between 2003 and 2006, and prices became stagnant between 2006 and 2009. That being said, since we haven't seen consistent growth in home values since 2006, there ...

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The rent vs. flip dilemma

22 hours ago ago from www.philadelphiaweekly.com Philadelphia Weekly

Depreciation, inflation among important considerations Bernice Ross Inman News DEAR BERNICE: We recently bought a property in the area of Yakima, Wash., with a lot of equity in it. After the renovation, we still have an equity position of approximately $35,000. Initially, the plan was to renovate and flip the property, but we're now having second thoughts about selling and are thinking about renting the property out instead. We are ...

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Foreclosure Backlog Hits 1.7 Million Homes

5 hours ago ago from 24/7 Wall St.

There are 1.7 million homes on the market which have gone through the foreclosure process. The number is at the highest level in history. The number, up from 1.1 million a year earlier, is likely to keep rising through the middle of next year or later, said Mark Fleming, chief economist of First American CoreLogic, the real estate research firm that released the study .The news is another indication that there will be ongoing drags on the ...

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Analyst calls: RIMM, NTRS, STT, UHS, POT, BCR, O, JCI, GPS, WMG

1 hour, 8 minutes ago ago from BloggingStocks

Analyst Upgrades Deutsche Bank upgraded Research in Motion ( RIMM ) to hold from sell to reflect the company's Q3 results and guidance. The firm raised its target price on shares to $75 from $60. Keefe Bruyette upgraded Northern Trust ( NTRS ) and State Street ( STT ) to outperform from market perform to reflect valuation and favorable longer-term secular trends. The firm keeps a $58 price target on Northern Trust and a $51 target on State ...

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Suddenly, safe haven Treasurys get tricky

21 hours ago ago from CNN Money

Suddenly, safe haven Treasurys get tricky By Colin Barr, senior writer December 17, 2009: 1:53 PM ET NEW YORK (Fortune) -- The flight-to-safety crowd could be in for a bumpy landing. Long-term Treasury bonds are on track for their worst year in at least three decades. The Barclays 20-plus-year Treasury index has posted a total return of -20% in 2009. If you aren't trying to sell some ...

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Bay area home sales, prices show rising trend

2 hours ago ago from U.S. News

Bay area home sales, prices show rising trend SAN DIEGO (AP) -- Sales and prices of homes in the San Francisco Bay area appear to be stabilizing, with fewer foreclosures and more activity in pricier areas than a year ago, a tracking firm said Thursday. San Diego-based MDA DataQuick said the median price for a home in the Bay area last month was $387,000, down slightly from October but up 10.6 percent from $350,000 in November 2008. Sales ...

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