Archives for May 2013

2013 Delaware Housing Market

Experts predict real estate markets in the northeastern United States will perform poorly compared to the rest of the country in 2013. Among these, Delaware, New Jersey, eastern Pennsylvania, Connecticut, and downstate New York are expected to be perform the most weakly. However, many Realtors tout Delaware as an excellent real estate market for prospective primary or second homowners owing in part to its proximity to New York City, … [Read more...]

2013 Connecticut Housing Market

The Connecticut housing market reached the highest level it had seen in three years in late 2012, and it isn't showing signs of slowing down. According to RE/MAX of New England, the region should expect continued improvement throughout 2013. Its 2013 Housing Forecast report indicates the market will shift from a buyer's market to a more balanced market as the year winds on. The report chalks up much of 2012's strong growth to record low … [Read more...]

2013 Colorado Housing Market

Compared to many states, Colorado endured the bursting of the housing bubble relatively unscathed. The state's home prices only dropped 9.5 percent from the first quarter of 2007 through the first quarter of 2012, well below the price plummets of most other states. As the market recovers, Colorado will likely find itself in the middle of the 50 states. The state's home prices are forecast to recover at 3.7 percent over the next year or so, … [Read more...]

2013 Arkansas Housing Market

Arkasas' January home sales were up 11.6 percent from the previous year. Cause for celebration? Maybe, says the Arkansas Realtors Association. In announcing the home sales increase, ARA warned against becoming too hopeful where the state's real estate market is concerned. For one thing, January tends to be the slowest sales month of the year, and it's still too early to tell how summer sales will go. For another, month-to-month home … [Read more...]

2013 Alaska Housing Market

The economy, including the real estate market, is getting back on track in Alaska. In Anchorage, the real estate market is showing recent increases in single-family home sales, along with higher sales prices and a lower inventory, which is also contributing to more new construction. Single-family home sales were up 12 percent in November, with those homes' prices up 5 percent. The only potential cloud on the Alaska real estate market … [Read more...]

2013 Alabama Housing Market

Alabama's real estate professionals are feeling more hopeful about market improvements through 2013. They have every right to be enthusiastic. Based on rising home prices, appreciating home values, and increasing sales, indications point to a positive remainder of the year for the Alabama housing market. An article published in the Birmingham Business Journal in January ("2013 Forecast: Real Estate") reads in part: "Despite the still-slow … [Read more...]

2013 New Mexico Housing Market

After surviving a double-dip recession in late 2012 and experiencing the loss of many of its residents, New Mexico is facing a long road to real estate market recovery. An article in Albuquerque Business First (“Economic Outlook conference explores NM’s road to recovery,” Jan. 15, 2013), quoted University of New Mexico Bureau of Business and Economic Research Director Lee Reynis saying “the state’s economy is ‘continuing to move … [Read more...]

2013 New Jersey Housing Market

After years of hovering at record lows, New Jersey’s home prices are poised to increase in 2013. According to an article in The Record (“Appraiser sees NJ home prices rising in 2013, after long slide,” Oct. 26, 2012), New Jersey appraiser Jeffrey Otteau said he expects prices to rise gradually, taking until 2020 to return to 2005 levels. The article reads in part, “‘the recovery in the housing market is only just starting,’ said Otteau, of … [Read more...]

2013 New Hampshire Housing Market

The number of homes and condos sold in Dover, N.H. is up 23 percent so far in 2013 over the same time last year, while the inventory is down to 157 versus the usual 200-220. Thankfully, say Dover real estate professionals, low mortgage interest rates are giving potential buyers a great deal of purchasing power, which is driving sales numbers. “My predictions for Dover, N.H. real estate in 2013 is going to be on the cautious side,” said … [Read more...]

2013 Montana Housing Market

Big Sky Country is experiencing slow and steady real estate market growth. Through 2013, “the volume of single-family homes being sold should be up 10 percent to 15 percent in the eighth largest realtor associations in Montana: Billings, Bitterroot, Gallatin, Great Falls, Helena, Missoula, and the Northwest,” said John E.C. Lagerquist, a sales associate at Century 21 Heritage Realty with more than 40 years of professional real estate … [Read more...]