Friday, April 9th, 2010
America's most undervalued cities
Four years after home prices hit their peaks, CNNMoney looks at how 330 metro areas have fared.
Metro area
Median
home price
% undervalued
2010
% undervalued
2006
Las Vegas, Nev.
$129,700
-41.40%
38%
Vero Beach, Fla.
$123,300
-39.80%
54%
Merced, Calif.
$102,300
-37.70%
77%
Cape Coral, Fla.
$118,700
-36.80%
52%
Houma, La.
$116,200
-34.60%
-1%
Port St. Lucie, Fla.
$115,600
-33.30%
72%
Warren, Mich.
$117,500
-32.30%
15%
Vallejo, Calif.
$196,900
-31.90%
53%
Stockton, Calif.
$145,100
-31.80%
72%
Modesto, Calif.
$138,700
-31.80%
67%
Midland, Texas
$133,100
-30.70%
-7%
West Palm Beach, Fla.
$164,400
-30.30%
57%
Lake Charles, La.
$101,600
-29.40%
N.A.
Lafayette, La.
$126,700
-29.40%
3%
Naples, Fla.
$199,900
-29.00%
84%
Killeen, Texas
$106,700
-28.80%
-16%
Houston, Texas
$128,200
-28.80%
-14%
Sarasota, ...
Posted in buyers, Distressed, Foreclosures, Investing, seller's | 10,105 Comments »
Monday, July 14th, 2008
As the real estate market continues its downward spiral with no end in sight, homeowners who must sell now are finding the going tough and getting worse. For those homeowners, committing the most common mistakes are amplified and can cost thousands of dollars. If you find yourself having ...
Posted in buyers, Lessons, seller's, Techniques | 8,097 Comments »
Saturday, May 3rd, 2008
To frustrated home owners trying to sell their homes in this market, it seems like the market continues to worsen daily as they are subjected to an endless media barrage of gloom and doom. These owners already know there's a glut of properties on the market this spring. ...
Posted in buyers, Distressed, Lessons, seller's, Techniques | 7,627 Comments »
Sunday, April 6th, 2008
In a buyer’s market, sellers must up the ante to convince a dwindling number of buyers that their property offers what all buyers want most - top value for their dollar. Homes that show the best, sell first and for top dollar.
Here are eight quick fixes:
1. Buff up ...
Posted in Lessons, Techniques | 10,090 Comments »
Saturday, March 15th, 2008
A good rule of thumb is to use an indicator called the months of remaining inventory. It's a ratio of homes for sale divided by the number of homes sold. This number gives you an idea of what the current market conditions are like.
So stated in another way, ...
Posted in Investing, Lessons, Real Estate Terminology | 8,382 Comments »
Saturday, February 2nd, 2008
Market Conditions - The Good and the Bad
If this is your third visit looking for the next lesson, congratulations! It shows that you are eager to learn; an essential ingredient of all successful real estate investors. If you are new here, go back and read the previous lessons. ...
Posted in Investing, Lessons, Techniques | 8,321 Comments »