Welcome to the July 6, 2009 edition of the Real Estate Market Reports Blog Carnival. With over 30 submissions this week, the carnival is growing and going. The real estate market seems to be rebounding in many markets around the country, and our real estate reporters are coming out of the shadows to let us know!

Housing Report

Pete Spencer presents Market Report 6-26-09 posted at Pete’s Blog, saying, “In the last 3 weeks there were 15 homes sold for a total of almost 1.4 million. The average price of these homes was just over 91 thousand and the median price was 85, these homes had an average time on the market of 179 days. There are currently 12 homes listed as under contract in the Lebanon MLS and those homes have an average price of 136 thousand.”

Silicon Valley Blogger presents The End Of The California Housing Bubble posted at The Digerati Life, saying, “Signs of a housing peak.”

Tallahassee Real Estate presents Predicting The Housing Market Turn posted at Tallahassee Real Estate Blog, saying, “After reading The State of the Nation’s Housing 2009 from the Joint Center for Housing Studies of Harvard University, it became clear to me that much of the rest of the country is already seeing some signs of a housing market turn. More importantly, it made me fully aware of the fact that many learned people are seeing reasons why it should and will be occurring.

But how do you predict the turn of the housing market in Tallahassee? There are so many factors involved that you cannot simply point to any one factor, so I thought I’d summarize why I think I know when the turn will begin.”

The Smarter Wallet presents Home Improvement Contractor Problems: How To Resolve Contractor Disputes posted at The Smarter Wallet, saying, “Thanks!”

Joe Manausa presents 7 Different Views Of The Tallahassee Housing Market posted at Tallahassee Real Estate Blog, saying, “7 graphs of the Tallahassee housing market. It is easier to get a feel of the Tallahassee real estate market when information is put into a graphical format. This quarterly report for home sales in Tallahassee is easy to see and understand.”

Torrey Brothers presents Economic Outlook posted at Hot Wholesale Rehabs.

The CENTURY 21 In Tallahassee presents The State Of The Nation’s Housing 2009 posted at Tallahassee Real Estate Blog, saying, “Every year, the Joint Center for Housing Studies of Harvard University puts together a report on the State of the Nation’s Housing. This year’s report was published a few days ago and I thought I would share some of the key findings of the report.”

Donna Bigda presents Morris Cove New Haven CT Real Estate Market Report June 2009 posted at Branford Connecticut Real Estate Blog – Donna Bigda RE/MAX Alliance, saying, “There are currently 31 homes for sale in Morris Cove ranging in price from $95,900 to $799,000.

In the month of June 2009 there were 2 homes that closed. This is an decrease of 6 homes as there were five homes that closed in June 2008.

The average sales prices of the homes sold in June 2009 was $201,500 with an average 233 days on the market versus $256,475 for those sold in June 2008 with an average 98 days on the market.

Below is a summary of the Morris Cove New Haven CT real estate market that provides a more in depth view of market conditions over the past twelve months.”

Tallahassee REALTOR presents “My Home Hasn’t Lost Value Like Everybody Else’s!” posted at Tallahassee Real Estate Blog, saying, “Perhaps the greatest thing about the Zillow real estate survey is that we can look at past and current surveys to see the trend of homeowner “consumer confidence” as it is measured using the home as the standard. Not surprisingly, homeowners are much more aware of the depreciation that has occurred in the past two years than they were just last year. But what do they think of their home value versus that of their neighbors?”

Tallahassee Housing presents Tallahassee Home Buyers Still Seeking Bottom posted at Tallahassee Real Estate Blog, saying, “We know we must see a change in home buyer activity in Tallahassee before the market change can occur. With some great programs that have been launched to provide free money for first time homebuyers, we were hoping that we would start to see some measurable results by mid-July. Also, with the proposed $15000 Federal Tax Credit For All Home Buyers, we really believe the breakout could occur really soon.

But what are buyers doing today?”

Local Real Estate Data

Mark Donovan presents Lake Winnipesaukee Real Estate posted at HomeAdditionPlus, saying, “Mark Donovan of www.homeadditionplus.com provides some facts and insight into the Lake Winnipesaukee real estate market located in central New Hampshire. He also discusses the maintenance and other responsibilities of owning waterfront property.”

Lisa Hill presents Daytona Beach Real Estate Sales History, 2000-2009 (Year-to-Date) posted at Lisa Hill’s Real Estate Blog, saying, “As you can see, 2009 is showing an increase in the number of properties sold in Daytona Beach, over 2008. To be exact, so far, 2009 shows 45 more homes sold, over last year. We’ll continue to watch these numbers throughout the year, and hope that Daytona Beach real estate sales continue to improve!”

Joe Federico presents Sharon, Mass. Market Report June, 2009 posted at Joe Federico’s Blog, saying, “In June of 2009 there were 27 homes that closed within the month for Sharon, MA. This is a increase of 6 homes as there were 21 homes that closed in June of 2008.15 homes went under agreement in Sharon, Massachusetts for the month of June 2009. The average list price of the homes that went under agreement was $455,313. The average time on the market for these Sharon homes were 118 days.”

Tallahassee Real Estate presents Are We Seeing A Rebound In Golden Eagle Home Sales? posted at Tallahassee Real Estate Blog, saying, “Home sales in Golden Eagle have fallen roughly 70% from the peak of the market, with a monthly average of just under 2 home sales (existing home sales). This mirrors home sales very closely in the rest of the Tallahassee real estate market.”

Pam Dent presents Lake Monticello Waterfront Homes Real Estate Market Report posted at Pam Dent -Charlottesville, Albemarle,VA’s Blog, saying, “Waterfront homes at Lake Monticello have traditionally constituted a popular segment of the Lake Monticello Real Estate Market. These homes have provided a good choice both for year round residents and also for buyers looking for a vacation or weekend home.

In the Month of May 2009 there were not any sales of waterfront homes at Lake Monticello.

In April 2009, one Lake Monticello waterfront home sold for a sale price of $406,750 after spending 44 days on the market.

In March 2009, one waterfront home sold at Lake Monticello. The home sold for $435,000 and was on the market for 8 days.”

Diane Aurit presents Lake Norman NC 2nd Quarter 2009 Sales Analysis posted at Lake Norman Real Estate – Diane Aurit, saying, “# Our current inventory of active listings has actually dropped by 11%. While they are still too high, this is certainly a move in the right direction.
# The number conditional sales (those that just went under contract) are dramatically higher than last year however the average price has decreased and the average days on market has increased 44%. Please note the average sales price last year was very high due to several high sales that skewed the figure.”

Tallahassee Real Estate presents Who Pays The Closing Costs In A Real Estate Transaction posted at Tallahassee Real Estate Blog, saying, “Real estate closing costs are the fees, costs, and taxes (over and above the price of the property) that occur when real estate is transferred from one party to another. The conveyance of real estate is initiated and directly by a contract for sale and purchase, and closing costs should be specifically identified in this document. So how do you know who pays what?”

Kat DeLong presents FRIDAY FUN, FACTS & STATS ~ Lake Arrowhead California ~ JULY 3, 2009 posted at LAKE ARROWHEAD’S “Kat DeLong” Sales Lake Arrowhead Real Estate, saying, “Recently, commericals were being filmed at the Lake Arrowhead Resort (by Time Warner). Actress and Lake Arrowhead part-time resident, June Lockhart, invites folks to come and enjoy our beautiful area. The commercial will be shown on stations: CNN, the Discovery Channel, Lifetime (and more) in Southern California over the next year.”

Real Estate Market Report

Troy Trumm presents Omaha Real Estate Market ? June, 2009 posted at Omaha Real Estate, saying, “Summary of Omaha homes sales and the number of Omaha homes for sale for June, 2009.”

Kristin Johnston presents Waukesha Real Estate Snap Shot posted at Kristin Johnston’s Southeastern Wisconsin Blog, saying, “The Following Data is for Single Family homes in Waukesha, WI for the last month (5/26-6/26/09)

94 Active Listings, $25,543,445 List Volume, Ave Price $271,739, Ave DOM 61

62 Sold Listings, $14,988.640 Sold Volume, Ave Price $241,752, Ave DOM 160

4 Pending Sales, $827,300 Pending Volume, Ave Price #206825, Ave DOM 54

1 Withdrawn Listing, $163,900, DOM 19″

Jacqulyn Richey presents Las Vegas Housing Market: Foreclosures Down, Sales Up posted at Las Vegas Real Estate News, saying, “For the first time this year, the market is showing signs of a recovery.”

Pam Dent presents Charlottesville VA Real Estate Market Sales And Inventory History posted at Pam Dent -Charlottesville, Albemarle,VA’s Blog, saying, “There is a lot of information in this report. We can see that the average list and average sale prices are down from last year. In addition the homes are selling for a lower percentage of the list price. Not surprisingly days on market has gone up. For this year so far overall the graph tells us that there is 16.67 months of inventory on the market. However if you look at the figures for May and June even though there are more homes on the market the number of sales is way up. We haven’t seen that many sales since August of 2008. In addition even though there are more homes on the market there is only 10.8 months of inventory on the market in the Month of June. Hopefully this is the start of a trend and we will see a steady rise over the rest of the year, although as you can see the peak selling months in the Charlottesville real estate market are April – August.”

Claudia Gonella presents The state of the real estate market in Nicaragua 2009 posted at Real estate investing in Panama, Costa Rica, Nicaragua and Belize.

Joe Manausa presents How Many Homes Are In The Shadow Inventory posted at Tallahassee Real Estate Blog, saying, “If you read the most recent Tallahassee Real Estate Newsletter, then you will know a little about the supply of homes that we know exists that are not currently on the market. This “shadow inventory” is the growing number of homes that were once on the market and failed to sell, or are the homes that we know are currently distressed properties but are yet to hit the market as short sales or foreclosures.”

Other Information

Ray presents First Time Home Buying and Networth Update posted at Money Blue Book.

Joe Manausa presents The Best Real Estate Blogs posted at Tallahassee Real Estate Blog, saying, “When looking to choose the best of the articles written in the Tallahassee Real Estate Blog, I decided to simply choose the ones that had the most visits. I’m sure there are other ways to measure, but this at least let me know the topics that were most important to our readers. Let me know if I missed any!”

Handy Saputra presents Steps to get Mortgage Refinance Approval posted at Home Loan | Mortgage Resources, saying, “The excellent resources and articles of home loan, mortgage loan, and mortgage refinance. Learn more anything related to home mortgage loan with other top tips here.”

Tallahassee Real Estate presents The Best Of The Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “This is a compilation of the top 20 blog articles on the Tallahassee Real Estate Blog from the past year. Some of the favorites range from “How to write a better offer” to “see a funny cartoon that demonstrates how the mortgage mess began.””

Handy Saputra presents Ask the Expert: When do I Refinance My Home? posted at Home Loan | Mortgage Resources, saying, “Home refinancing is a wonderful financial tool for homeowners to use for debt management to investments. If the home refinance is used correctly, wisely, and at the right time, the benefits from the refinance can improve the financial picture of the homeowner. There is no cookie cutter approach to refinancing. Each individual or family has their own unique set of circumstances. Here are some common questions homeowners often ask when they are considering refinancing.”

Handy Saputra presents The Big Foreclosure Bailout 80 LTV Plan… Is It Working? posted at Home Loan | Mortgage Resources, saying, “We have all heard President Obama’s plan for what he calls Americas economic come back. At best it is a roller coaster ride with multiple twist and turns. One of the many twist is the claim of solving the countries foreclosure crisis.”

CENTURY 21 In Tallahassee presents Frustration For Those Trying To Buy A Short Sale posted at Tallahassee Real Estate Blog, saying, “All too often, we see homebuyers who are “looking for the deal” get involved trying to buy a short sale in Tallahassee. A short sale is when the home owner and the lender(s) for the home owner agree to sell the home for less than what is owed on the home. But as this reader found out, it’s not as easy as just making an offer and proceeding to closing.”

GoByOwners presents Both Tenants and Landlords Need a Residential Lease Agreement posted at Homes For Sale By Owner.

Handy Saputra presents When is the right time to refinance your mortgage? posted at Home Loan | Mortgage Resources, saying, “You’ve heard that interest rates are down and you think it could be time to refinance your existing mortgage, but the entire loan application process was so exhausting during the initial loan that you aren’t sure it’s worth the hassle. You could very well be right, but there are some things you can do to help decide whether it’s time to refinance your mortgage.”

Handy Saputra presents Is an Adjustable Rate Mortgage (ARM) Right for you? posted at Home Loan | Mortgage Resources, saying, “Until just a few years ago, an Adjustable rate mortgage was the best way to buy a home. Say you do not have the money to buy your dream home, then you can opt for a mortgage with an adjustable rate over a fixed one. In case of an adjustable rate, the rate of interest changes every year depending on the market condition. On the other hand, in case of a fixed rate of mortgage the rate of interest is not dependant on the market scenario and remains fixed.”

Handy Saputra presents Is Mortgage Refinancing Market Good or Bad Right Now? posted at Home Loan | Mortgage Resources, saying, “With all of the home foreclosures taking place across the country, many people may feel that it is not a good time to refinance. This is actually not true. Lenders want to keep people in their homes because of the expenses they incur when they try to sell a foreclosed home. Most times, they will actually take a bit of a loss. If you are considering refinancing for a better rate or to clean up any outstanding debts, there are many reasons why this is a good time to refinance your mortgage.”

That concludes this edition. Submit your blog article to the next edition of real estate market reports using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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