Washington, DC Home Price Index 2011 06

Posted: August 30, 2011 | Author: Rosemary deButts | Filed under: Washington DC Home Price Index | Tags: 2011, case-shiller, dc, Washington | Leave a comment »

Washington’s Housing Market Still #1

Case-Shiller revises their monthly Home Price Index for the previous 24-month period as new information becomes available. Although the month-over-year change in Washington, DC’s HPI was revised down for the last three months, the streak remains unbroken. According to the June edition of the S&P/Case-Shiller Home Price Index, Washington, DC again posted the best month-over-year level among the largest housing markets in the country AND chalked up the 25th consecutive month that the HPI in the DC market led the country (183.61). That represents a 4.08 point advance over May (+2.3 percent).

The Index in Chicago did advance on a month-over-month basis at a faster rate, 3.6 percent. But the Index there is a considerably lower 115.61. For the sake of comparison, Detroit’s Index measured 65.42 in June, again posting the lowest HPI in the country.

The S&P/Case-Shiller® Home Price Index measures the residential housing market, tracking changes in the value of the residential real estate market. This Index uses a repeat sales pricing technique that collects data on single-family home resales, capturing resold prices to form sale pairs using a moving three month average. Call Rosemary for an analysis of the marketability of your home.

Washington, DC Home Price Index 2011 05

Posted: July 27, 2011 | Author: Rosemary deButts | Filed under: Washington DC Home Price Index | Tags: 2011, case-shiller, Recovery, Washington | Leave a comment »

Washington’s Home Price Index Posts Another Good Month

The streak is unbroken. According to the May edition of the S&P/Case-Shiller Home Price Index, Washington, DC again posted the highest month-over-year gain among the largest housing markets in the country AND chalked up the 24th consecutive month that the DC market led the country. Further, the Washington, DC market has had positive annual gains for the last eighteen consecutive months. The bad news for real estate in general though was that Washington, DC was the only large market to post a gain again in May. Denver had the smallest annual loss in May (-4.24 percent). The highest loss occurred in Minneapolis (-14.38 percent).

Washington, DC Home Price Index 2011 04

Posted: July 1, 2011 | Author: Rosemary deButts | Filed under: Washington DC Home Price Index | Tags: 2011, case-shiller, Price Changes, Recovery, Washington | Leave a comment »

Home Price Index Up Yet Again

If this weren’t such good news, it would be monotonous. According to the April edition of the S&P/Case-Shiller Home Price Index, Washington, DC again posted the highest month-over-year gain among the largest housing markets in the country AND chalked up the 23rd consecutive month that the DC market led the country. Further, the Washington, DC market has had positive annual gains for the last seventeen consecutive months. The bad news for real estate in general though was that Washington, DC was the only large market to post a gain. In second place was a 3.58 percent annual loss in April prices in Los Angeles. The largest loss occurred in Portland, Oregon (-13.41 percent).

Highest Performing Housing Markets (Washington, DC = #1)

Posted: June 14, 2011 | Author: Rosemary deButts | Filed under: Washington DC Home Price Index | Tags: 2011, Foreclosures, Loudoun, Market Trends, Washington | Leave a comment »

7 Highest-Performing Major Housing Markets

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-Ft. 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)