Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 04/03/2013 list has been posted.
Home prices post highest increase in nearly 7 years. Alabama Values Decline!!
Home prices rose the most that they have in nearly seven years in February, largely due to outsized price appreciation in Western states, according to analytics firm CoreLogic.
Prices including distressed sales (short sales and repossessed-home sales) jumped 10.2 percent on an annual basis in February, marking the biggest year-over-year increase since March 2006, the Corelogic Home Price Index found. Home prices also rose for the 12th straight month in February, increasing 0.5 percent from January, according to the index.
CoreLogic also reported that its pending home sales price index indicates that home prices should continue their upward trend in March. The firm predicts that they will increase 10.2 percent on a year-over-year basis, and 1.2 percent compared to February.
"The rebound in prices is heavily driven by western states. Eight of the top ten highest appreciating large markets are in California, with Phoenix and Las Vegas rounding out the list," said Dr. Mark Fleming, chief economist for CoreLogic.
This month's annual price increase put home values at a level that is 26.3 percent below their peak before the housing meltdown, CoreLogic reported. At the depths of the real estate slump, home prices had plummeted by more than 30 percent from the pinnacle they reached during the boom, according to some home price indexes.
•Including distressed sales, the five states with the highest home price appreciation were: Nevada (+19.3 percent), Arizona (+18.6 percent), California (+15.3 percent), Hawaii (+14.6 percent) and Idaho (+13.5 percent).
•Including distressed sales, this month only three states posted home price depreciation: Delaware (-4.4 percent), Alabama (-1.5 percent) and Illinois (-1.0 percent).
•Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -19.3 percent.
These are Single Family Homes 'Active' on the Mobile AL MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY...ACT NOW....BEFORE IT IS TOO LATE!!!
I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.