Marblehead SFH and condo sales 2012
SFH sales in MHD in 2012 reached 229, the highest level since 2004, which was an exceptional year.
MHD_SFH_Sales_Moving_Average
Condo sales remain well below the levels of earlier in the century for the reasons outlined in my December 8 post:
Condo_Sales_Moving_Ave
Foreclosures and Short Sales for all North Shore cities and towns in 2012
Foreclosures and short sales have many variables. The process varies from State to State, while Federal attempts to halt the epidemic also influence and change underlying tendencies. With those caveats, I have put together a table that shows the number of foreclosed properties and short sales that actually closed in 2012 for SFHS and condo for each of the 17 North Shore communities.
Lynn saw the highest percentage of FC/SS sales at 34% of total sales, while (more…)
Twenty Questions with Marblehead’s Assessor
The FY2013 tax rate has been set at $10.85, up from $10.52 in FY2012. The median single family assessment declined 2.4% to $476,000, and the median single family tax bill increased 0.6%, or $31, to $5,165. The commercial rate has once again been set at the same rate as the residential rate.
Marblehead’s 2013 tax rate will be the third lowest of the 17 North Shore cities and towns and also the third lowest of 34 Essex County communities.
Real-estate assessments for Fiscal Year 2013 have just been mailed. Assistant Assessor Mike Tumulty answered questions about the process. (more…)
November Pending Home Sales rise for 19th straight month
The NAR estimates that sales should increase 8-9% in 2013 to about 5.1 million, with the median price rising 4%.
National Association of Realtors December 28, 2012
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November home sales in MASS highest since 2005
Sales of SFHs increased 38% over a year ago in November. Condo sales were up 33%.
The SFH median price increased 2%, while for the condos the figure was 7%.
Median prices were the same – $275,000 – for both SFHs and condos.
Data comes from the Warren Group
Jennifer McKim boston.com December 27, 2012
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Case-Shiller: prices rose 4.3% in year to October, above estimates
It is clear that the housing recovery is gathering strength.
Last week’s final revision to third quarter GDP growth showed that housing represented 10% of the
growth while accounting for less than 3% of GDP.
S&P/Case-Shiller December 26, 2012
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November Existing-Home Sales and Prices Maintain Uptrend
Existing home sales in November were up 14.% from a year ago and reached the highest level since November 2009.
The median price rose rose for the 9th consecutive month and is up 10.1% from a year ago.
Housing inventory fell to 4.8 months of supply, the lowest level since September 2005.
National Association of Realtors, December 20, 2012
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Essex County “8th healthiest housing market in country for 2013”
The healthy markets that made the list have strong job growth (Bureau of Labor Statistics), which bodes well for housing demand; low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; and low foreclosure inventory (RealtyTrac), since foreclosures tend to hold back recovery.
Jed Kolko, Chief Economist, Trulia December 21, 2012
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Improving Housing Trends likely to continue into 2013.
A combination of factors, including declining time-on-market, a drop in distressed properties and rising average home prices, are all pointing to a strengthening housing market in the months ahead.
Campbell/InsideMortgage Housing Pulse, December 21, 2012
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Foreclosures drop 28% in year, lowest since December 2006
The latest data offers “more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago,” says Daren Blomquist, vice president at RealtyTrac
National Association of Realtors, December 13, 2012
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Housing starts decline slightly in November because of Sandy, but rise 21.6% from year ago.
November starts were 861,000. The recession low was 478,000 in April 2009, but the current level is still well below the 1.5 million considered to reflect a healthy market.
89.3 KPCC December 19,2012
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MA pending home sales up in November for 19th straight month
MA pending home sales up in November for 19th straight month according to Massachusetts Association of Realtors
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Property Tax Rates for 2013 in Marblehead and the North Shore
Often lost in the shuffle in the hecticness of the holiday season is the announcement of the new property tax rate, which actually becomes effective from July 1, 2012. What this means is that most of us have been paying less than we owe during the first half of the year, which is why our bills will go up for the second half of the year. (more…)
Foreclosure crisis finally appears to be ebbing
Jay Fitzgerald, Boston Globe, December 1
As a result of an improving economy and successful loan modification programs, the foreclosure crisis both in MA and nationally finally seems to be ebbing.
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New home sales slip in October on Sandy; September revised down sharply. Supply only 4.8 months.
New home sales slip in October on Sandy; September revised down sharply. Supply only 4.8 months.
RTT News November 28,2012
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