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Zindex:
Bay City, MI - $102,000
Rochester, NY - $127,000
State College, PA - $244,000
Spartanburg, SC - $102,000
Winston, NC - $137,000
vs.
Los Angeles, CA - $444,000
San Francisco, CA - $567,000
I'm going to guess that they were not way overpriced to begin with.
"I'm going to guess that they were not way overpriced to begin with."
Agreed.
Survey Says: 90% of all surveyed think that BRR is right!!! DING DING DING.
It will be interesting to see the fiqures for the same places in 60-90 days. Those home values seem pretty low after an increase.
2 cities that saw the biggest gains are both in NY. Hmmm, looks like the doomers were wrong about their prediction of us going to hell in a handbasket.
Wicker Park in Chicago is doing exceptionally well. They are seeing appreciation like what you'd expect in an average market. Builders are stll going strong, companies are lining up to open stores there- same with restaurants, and it's very close to both downtown and the X-way. I couldn't believe the numbers when I first saw them but as it turned out I had a client who just contracted there and we actually ran the numbers from scratch ourselves. It turns out the figures we had seem conservative. 20% in the last 5 years with 12% in the last 2. Not to mention, all the data points to an even stronger uptick in 2009. Wicker Park folks, it's not just a movie title anymore.
my thought is that people in NY arent worried about property taxes doubling like the rest of the country... i mean really how could they get any higher? 0.o that and i think everyone agrees that 1) college students and 2) New Yorkers are quite inept at arriving at any kind of rational conclution about living within one's means 0.o
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Bright Spots in the Real Estate Market - Why?
Jill Simmons, "jillsimmons"
Contributions: 1
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In Zillow's Q3 Real Estate Market Reports released last week, Ithaca, NY saw the greatest gains in home values nationwide, up 5.6& year over year. Other bright spots included:
Any local perspective as to why these places are seeing an increase in home values?
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