Judy Newton Used My Blog Title!

Yay! Sort of....

Chicago Case Shiller Condo Index rises for 1st time in 9 months!

 

Click the Link. Trulia's Interactive Price Reduction Map.

http://explore.trulia.com/datavis/priceredux/Q1-2011/

Trulia launched its Home Offer Report to help give homebuyers and sellers the upper hand – whether they’re making an offer or putting their home on the market.

This brand new quarterly report and interactive price reductions map offers ZIP-code level insights on when the first price reduction occurs in your neighborhood, where the reductions are happening and how deep the reductions are. Click on the map below to learn about the price reductions happening in your neighborhood:

Check out this slide show for the full Q1 2011 report findings:

 

Where Have All the Foreclosures Gone? Chart & Lyrics

from Keeping Current Matters by The KCM Crew

The inventory of foreclosed homes for sale has been dwindling for almost six months. Everyone is wondering if the worst of our challenges with distressed properties are behind us. We are sorry to report that isn’t the case. We must realize that the problems banks have experienced with their paperwork on these properties has done nothing but delay them from coming onto the market.

The robo-signing blunders and then the MERS mess have caused the banks to slow down the foreclosure process dramatically.  Just last week, the Office of Thrift Supervision released their Mortgage Metrics Report covering the 4th Quarter of 2010. In that report, they showed how foreclosure completions fell sharply because of these paperwork complications. Here are the numbers:

KCM is a professional organization. They are not responsible for the song below.

Where have all the foreclosures gone?
When will the lenders ever learn?

Where have all the buyers gone?
Taken rentals every one
When will they ever learn?

Where have all the short sales gone?
Gone for auction every one

Where have all the Realtors gone?
Gone to graveyards every one
When will they ever learn?

Big Chart

Month’s Shadow Inventory: State by State

from Keeping Current Matters by The KCM Crew 

Last week, we reported on the National Association of Realtors’ (NAR) Economic Outlook and gave you a map showing the percentage of overall sales that distressed properties represented in each state. Today we want to show you another map from the same NAR outlook. This one shows the number of months shadow inventory by state:

 

NAR explained their methodology:

The map shows the number of months it would take to clear the shadow inventory by state. The months’ supply is estimated by dividing the shadow inventory and the monthly number of distressed sales. The numbers range broadly from 51 months in New Jersey to 7 months in Nevada. When looking at months’ supply it is important to keep in mind that this estimate highly depends on saturation of distressed sales. Given that New Jersey over the past year on average reported about 20 percent of existing home sales to be distressed sales, it will take a longer period for the shadow inventory to clear. In contrast, Nevada’s distressed sales averaged a considerable 70 percent share of the existing sales and at that rate the current shadow inventory would clear in 7 months. 

Bottom Line

Appreciation of residential real estate will not take place until a region works their way through the shadow inventory that exists. This map gives you an indication of when that will occur in your state.

 

2011 Coldwell Banker Bracket of Affordability

from Welcome to Coldwell Banker Blue Matter | Coldwell Banker Blue Matter by david_marine

Popout

March Madness is finally here. At Coldwell Banker we love our college towns, and those locales with teams in the Big Dance are abuzz right now with tournament fever.

While everyone rushes to fill out their brackets, Coldwell Banker for the second straight year is giving you the Bracket of Affordability. This bracket fills out the projected tournament winner by advancing the school that resides in the most affordable real estate market according to the median price for homes that are currently on the market that appear on coldwellbanker.com.

Last year, the Coldwell Banker Bracket of Affordability picked Syracuse as its tournament champ, and this year we have another great shot at picking the right winner with Kansas ending up as the overall champ. Lawrence, Kansas has the most affordable real estate market of the tournament field with a media home price of $106,855.

On the opposite end of the spectrum, UC-Santa Barbara boasts the most expensive college market with a median price of $2.7 million. The final four includes Indiana St. ($127,212), Florida ($108,873), and Memphis ($111,650).

We’ll be tracking the success of the Coldwell Banker Bracket of Affordability throughout the tournament to see just how accurate the picks are. Find out more about how affordable college markets are by checking out theCollege Home Listing Report on coldwellbanker.com.

 

Shamelessly Swiped from the Blog Why Me, Saint Lidwina?

State by State Housing Market Infographic Map

by Michael Shane Welsh, http://welshlaw.typepad.com/its_your_home/

Here is a great interactive Infographic - a state by state map of the housing market showing home prices and market data.  It was prepared by Coldwell Banker Real Estate, and published on the Coldwell Banker Blue Matter blog.  It is based on the National Association of Realtors' quarterly Metropolitan Median Area Prices report for single-family homes and condominiums. The data surveys annual prices from 2007 through 2009, and the first three quarters of 2010.  At the Infographic link, you can click on your state to see the data.