2014 Wyoming Housing Market

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The 2014 Wyoming housing market stands among the top in housing markets that were hit particularly hard by both the recession and its aftermath. Our economy took a comparatively long time to recover. Speaking to the members of his association this past May 2014, the President of the Wyoming Association of Realtors described “the warm breezes of a recovering housing market.” Randall Hall mentioned prices on the rise, lower inventories, and … [Read more...]

The Best Real Estate Markets 2013

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When considering which real estate markets are the best, it is wise to look at home sales among other aspects as this number often reveals a thriving real estate market. Below is a list of the top 25 real estate markets in America today from the least to the greatest: Oklahoma City, Oklahoma: According to trulia.com, the median sales price for homes in Oklahoma City from April 13th to June 13th was $126,000. This represents an increase of … [Read more...]

2013 Wyoming Housing Market

Wyoming ranked No. 9 in a recent list of the top 10 housing markets of the future compiled and presented by MSN Real Estate. “The Cheyenne metro area, which includes Laramie County, has been a fairly stable market, with home prices estimated to drop only 2.6 percent from peak to trough,” reads the article. The report forecast a 4-year home price increase of 23.7 percent, with the biggest price increase to occur in 2014. So far, Wyoming’s … [Read more...]

2013 Wyoming Housing Market

Wyoming ranked No. 9 in a recent list of the top 10 housing markets of the future compiled and presented by MSN Real Estate. “The Cheyenne metro area, which includes Laramie County, has been a fairly stable market, with home prices estimated to drop only 2.6 percent from peak to trough,” reads the article. The report forecast a 4-year home price increase of 23.7 percent, with the biggest price increase to occur in 2014. So far, Wyoming’s … [Read more...]

Home Prices Forecast Higher

By Mike Colpitts Home prices in a larger number of cities are forecast to inflate in value in 2012 as many U.S. cities make inroads towards a housing recovery. Signs of progress are developing in a growing number of U.S. states, including hard hit Florida, Michigan and Mississippi. Improving conditions in many cities are attributed to growing job creation and higher prices being paid for some commodities, spurring home sales and higher … [Read more...]

Real Estate Recovery Likely to Produce Higher Home Prices

By Mike Colpitts The fallout from the real estate collapse is starting to see a turn around in some areas of the U.S. Home sales slid 7.4% in March in western U.S. states but fell more modestly in the rest of the country, according to the National Association of Realtors. But home prices in some regions are rising, delivering a promising sign for a nationwide recovery. The national median existing home price was $163,800 at the end of … [Read more...]

Investors Home Buying Binge Rages

By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2% from December numbers provided by the National Association of Realtors monthly home sales report, but showed that the market is … [Read more...]

U S Foreclosures Drop Huge

By Mike Colpitts Formal foreclosures or homes that were repossessed by their lenders accounted for 830,000 U.S. homes in 2011, a huge drop of 24% from 2010, according to real estate data research firm CoreLogic. The decline comes as a result of moratoriums enacted by the nation’s five largest mortgage lenders to study damage from the robo signing scandal, and other judicial delays in many areas of the country. CoreLogic also says that 1.4 … [Read more...]

2012 Wyoming Housing Market

Rich coal laced energy fields combined with growth in manufacturing are pushing Wyoming housing markets higher, despite economic troubles elsewhere. Home sales are rising in most of the state along with housing prices, which are being aided by record low mortgage rates. Home prices in the state’s largest city of Cheyenne are seeing healthy gains and few foreclosures with one of the lowest unemployment rates in the country. Existing home sales … [Read more...]

Mortgages On Home Purchases Jump as Rates Decline

By Mike Colpitts Pushed by lower mortgage rates, home purchase applications jumped as consumers came out in greater numbers to take advantage of near record low mortgage rates. Seasonally adjusted purchases rose 1.8% from a week ago, according to the Mortgage Bankers Association. The refinance index, however, showed a slight two-tenths of a percent decline for the week. The four week moving average on the seasonally adjusted index is 2.5% … [Read more...]