Real Estate Information Archive


Displaying blog entries 131-132 of 132

What's Your Market's Median Home Price?

by Desi Sowers

I just came across this fascinating interactive map!

You can move your mouse across most cities in the USA and by clicking on the little house you can then see the median price and the drop/gain in prices. 

Check out some cities in Florida etc, and you can see that while its not the best here in Virginia it's a lot worse elsewhere.

To see the map click HERE.

Please feel free to share this map - it's very informative!



These Cities Are In Line for a Rebound

by Source: SmartMoney (11/01/08)

Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended – and in some places sales have expedited.

"The indicators are starting to look better," says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

  • Seattle
  • Raleigh
  • Des Moines
  • Philadelphia
  • Denver
  • Birmingham, Ala.
  • Salt Lake City

Displaying blog entries 131-132 of 132




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