ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 06/05/2013

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL - 06/05/2013

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 06/05/2013 list has been posted.

2 Important Tidbits This Morning!!! Happy Hump-Day! 

1. 

U.S. home prices including distressed sales rose for the 14th straight month in April, posting their highest year-over-year increase in more than seven years, according to analytics firm CoreLogic.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

“Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent,” said Mark Fleming, chief economist for CoreLogic.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Home prices (including distressed sales) moved up 3.2 percent in April compared to March, and were up 12.1 percent year over year, the CoreLogic HPI found.

The streak of home-value appreciation is set to continue, the firm said, with the CoreLogic Pending HPI — which is based on price changes for the most recent month — predicting that home prices will register a 12.5 percent annual gain in May. 

2. 

More than 4.2 million single-family homes worth an estimated $1.1 trillion combined are at risk of damage from hurricane-driven storm surge, according to an annual report from real estate analytics firm CoreLogic.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Among states, Florida has the highest number of properties at risk, nearly 1.5 million worth $386 billion. Louisiana ranks second with just over 411,000 properties at risk. Among metro areas, the New York metro area, which includes northern New Jersey and Long Island, has both the highest number of properties at risk and the highest property value exposure: more than $200 billion.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

For the first time, the report included an analysis of the potential impact of a climate-related rise in sea level on coastal storm-surge risk in some metro areas. Given a one-foot rise in sea level, the Miami area could have the most to lose. The number of properties at risk there would nearly double to just under 340,000 with an increase from $48 billion in property exposure to more than $94 billion.