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Eye on Hawaii market

January 24th, 2012 · Market Watch

According to the Honolulu Board of realtors stats the Hawaii real estate market housing prices on Oahu real estate is down 3.3% for the third quarter of 2008 compared to 2007. The amount of sales is down a whopping 26%.

The Maui real estate market prices were down approximately 7% while the amount of sales were down about 22%.

The Big Island Hawaii real estate market prices were down approximately 50% for number of sales. That is pretty substantial. Wonder how bad that market is going to be hit? There was an agent on the big island named Katie that said “It’s Time to Buy! Not sure if we would agree with that.

The Kauai real estate market is down for number of sales about 40% year to date. That is huge too.

There are some agents out there telling their clients it is a great time to buy and that we have hit the bottom. I would be very careful suggesting that as we are in a major financial crisis and it all depends on the new president and the policies he tries to push.cialis If the new president raises taxes on anyone or business heading into a recession the markets may collapse.

Time will tell. There are some good values out there if you do your homework. Happy house hunting.

Thanks to Jeff Manson of American Dream Realty sharing his time with us.

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Fredericksburg, MD Real Estate

January 23rd, 2012 · Real Estate Information

Theestate in Fredericksburg, Maryland continues to suffer as a result of the economic recession that began in 2008.  The worst problem locals in Fredericksburg face are sharply declining home assessment values.  Although there are hopes that the Fredericksburg real estate market has hit bottom, there are no sure signs that values won’t continue to decline before any significant improvement is made.  Short sales and high foreclosure rates are also major contributing factors to the continuing declines in home assessment values.  Luxury homes have suffered the most, with homes priced over $500,000 experiencing the largest declines in home values.

According to the Baltimore Sun, Maryland prices are expected to decline on average 19.7 percent throughout all of Maryland when the December property assessment notices for almost all Maryland homeowners are posted.  Real estate experts believe that the recent property assessment declines may be the largest in the state’s real estate history and that property values will most likely decline a little bit more over the next few months.  However, experts have also noted that commercial real estate properties have increased slightly in value, resulting in an overall 16.1 percent decline in Maryland real estate properties.

The Southern Maryland Newspapers Online has also reported the sharp declines in home assessment values.  According to Southern Maryland Newspapers Online, 99 percent of the real estate market in Maryland suffers from declining property assessment values.  In Charles County, only six of the 18,344 homes were estimated to have increased in value.  For locals, the only silver lining may be that the real estate market has hit bottom, meaning that the only direction the market can go is up.  However, the question is when the real estate market will show signs of improvement.

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Vermont national relocation information

January 23rd, 2012 · U.S. Relocation Info

The New England state of Vermont is viagra second least populous state in the United States. It is bounded by New Hampshire, New York, Massachusetts, and the Canadian province of Quebec. The capital city of Montpelier has slightly more than 8,000 residents. Elsewhere in the state, the largest city is Burlington, which has more than 200,000 residents in the metropolitan area.

While Vermont has fewer people than most states, the Green Mountain State has much to offer.cialis Visit Rutland, Barre, or St. Albans, or the Burlington metro area in your search for Vermont homes for rent. Or, search [Read more →]

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Breckenridge real estate update 2009

January 14th, 2012 · Real Estate Information

Breckenridge real estate, like the rest of Colorado is beginning to dig itself out of the mess created as a result of the national economic recession that has affected homes for sale everywhere.  As of November rankings, Colorado dropped out of the top ten places of foreclosures, according to staff at the Northern Colorado Business Report on November 12, 2009.  “The October report shows Colorado’s foreclosure activity dropping by 18.75 percent from September and 6.08 percent from October of 2008.”  While this comes as good news for owners of Breckenridge homes, analysts and experts warn that caution must still be exercised.  In fact, “the fundamental forces driving foreclosure activity in this housing downturn – high-risk mortgages, negative equity and unemployment – continue to loom over any nascent recovery.”

Many critics have also chastised President Obama’s recent recession aid package.  Chris Serres of the Minneapolis-St.loans for paydayPaul Star Tribune wrote on November 10, 2009, that “The Obama administration’s $75 billion mortgage rescue program leaves many struggling homeowners in the cold, despite some progress. Only a small fraction of borrowers are receiving permanent relief from their banks under the federal program.”  Nevertheless, expansion of the tax credit program for first-time home buyers has been a success as many real estate analysts and professionals have noticed an increasing rate of purchases by people new to the home-buying business.

Recent purchasers of real estate in Breckenridge and other places in Colorado are benefiting from dropping mortgage rates that are helping people to pay off the cost of their homes with greater ease.  Yahoo! Real Estate claimed on November 13, 2009, that the 15-year fixed mortgage dropped more than half a percent compared to the previous week while the 3/1 Year ARM dropped just 0.076%.  While the percentage differences are quite small, put against hundreds of thousands of dollars, every little bit helps troubled homeowners in avoiding foreclosure.

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