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Chuck & Nancy's Real Estate Newsletter
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To Our Friends and Clients, We hope you find this article helpful and informative. When it is time to sell call us for the full service you deserve. We are your Real Estate experts with over 30 years of combined experience. |
CoreLogic: No rise in US real estate prices before 2014
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Two prominent home-price indices continued to show declines in September and October, with one outlook indicating no more than flat growth in the next two years.
A home-price index report from loan data aggregator Lender Processing Services showed the national average sales price for single-family homes fell 4.4 percent year over year and 1.2 percent month to month in September, to $202,000.
LPS' Home Price Index, launched in July, tracks monthly sales in more than 13,500 ZIP codes. Within each ZIP code, the index shows historical price changes for five home-price levels, including entry-level, middle-market and high-end homes.
Prices declined on a monthly basis in all ZIP codes covered by LPS. The top 20 percent of homes (selling for more than $317,000) saw a slightly smaller monthly decline, 1.2 percent, than the lowest 20 percent (selling for less than $102,000), which saw a 1.4 percent drop.
"Home prices in September were consistent with the seasonal pattern that has been occurring since 2009," said Kyle Lundstedt, LPS Applied Analytics' managing director, in a statement.
"Each year, prices have risen in the spring, but revert in autumn to a downward trend that has not only erased the gains, but has led to an average 3.7 percent annual drop in prices to date. The partial data available for October suggests a further approximate decline of 1.1 percent."
A report released by property data firm CoreLogic bears out the monthly decline in October. For the third straight month, nationwide single-family home prices fell on both a monthly and yearly basis, dropping 1.3 percent from September and 3.9 percent from October 2010. Excluding distressed sales (short sales and real estate owned home sales, also known as REOs), October's index fell 0.5 percent from a year ago.
"Home prices continue to decline in response to the weak demand for housing. While many housing statistics are basically moving sideways, prices continue to correct for a supply and demand imbalance. Looking forward, our forecasts indicate flat growth through 2013," said Mark Fleming, chief economist for CoreLogic, in a statement.
The index was down 32 percent in October from an April 2006 peak. Excluding distressed sales, the drop was 22.4 percent. CoreLogic's index is based on 30 years of data for repeat sales transactions, and "price, time between sales, property type, loan type and distressed sales."
Among the 10 most populous metropolitan areas in the country, six saw index declines in October. Only Washington, D.C., and New York-White Plains-Wayne, N.Y.-N.J., saw index increases above 1 percent. When distressed sales were excluded, six experienced index increases.
Most states, 34, experienced year-over-year index drops in October. Ten states and Washington, D.C., saw index rises of more than 1 percent. West Virginia led the way with a 4.8 percent annual rise.
At the other end of the spectrum, Nevada was the only state to see a double-digit index drop in October, down 12.1 percent. When distressed sales were excluded, 28 states and Washington, D.C., saw flat or rising home prices. South Carolina posted the biggest increase, up 4.6 percent.
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Lobster Pasta
Servings: 4
"Excellent Lobster Pasta... Lobster lovers that love Italian dig in!! Perfect for Valentines Day!"
INGREDIENTS:
1 large (2 pound) fresh lobster
3 tablespoons butter
1 large onion, chopped
3 cloves garlic, chopped
1 (28 ounce) can diced tomatoes
4 tablespoons olive oil
4 teaspoons salt
1 teaspoon ground black pepper
1 tablespoon ground cinnamon
1 cup heavy cream
1 (8 ounce) package dried spaghetti
1 tablespoon butter
1 clove garlic, minced
1 bunch fresh parsley, chopped
DIRECTIONS:
1.Bring a large pot of water to a boil. Add the lobster and cook for 6 to 8 minutes, until bright red.
2.As soon as the lobster starts cooking, melt 3 tablespoons of butter in a large skillet over medium heat. Add the onion and 3 cloves of garlic. Cook and stir just to release the liquid. Do not let them brown.
3.When the lobster comes out of the pot, place it on a cutting board and use a big knife to cut it in half lengthwise. Place the halves meaty side down into the skillet with the onion and garlic. Cook for about 3 minutes.
4.Bring another pot of water to a boil and season with a little salt. Add the spaghetti and cook for 8 minutes, or until tender. If you want to save time and a pot, you could boil the pasta in the lobster water since it is already boiling, just add salt.
5.Add the tomatoes to the skillet and turn the heat up to high to bring to a boil. Add the olive oil, salt, pepper and cinnamon. Cook, stirring constantly for 5 to 7 minutes. Slowly pour in the cream, stirring constantly. The sauce will become a nice pink color. Turn the heat down to medium-low. Keep warm, stirring occasionally until the pasta is done.
6.Drain the spaghetti and place on a large serving plate. Stir in the remaining butter and garlic. Pour the tomato sauce over the spaghetti and arrange the two lobster halves in the center. Sprinkle all over with parsley and serve.
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Address
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BT
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LP
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Sq. Ft
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BR
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Bath
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PB
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Close Date
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Yr Blt
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352 Victoria Bay
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DE
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$749,900
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2721
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4
|
3
|
|
12/1/2011
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1984
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1881 Gresham Dr
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DE
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$509,900
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1679
|
4
|
2
|
1
|
12/6/2011
|
1999
|
|
1320 Eastshore Dr
|
DE
|
$870,000
|
2027
|
3
|
2
|
0
|
12/6/2011
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1958
|
|
2101 Shoreline Dr
|
CO
|
$359,000
|
1335
|
2
|
1
|
1
|
12/7/2011
|
1974
|
|
638 Arlington Isle
|
DE
|
$648,000
|
1799
|
3
|
2
|
1
|
12/8/2011
|
1963
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|
1557 Santa Clara Ave
|
DE
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$365,000
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1201
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2
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1
|
0
|
12/8/2011
|
1916
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|
1411 Fountain St
|
DE
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$559,950
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1476
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2
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2
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0
|
12/8/2011
|
1926
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|
876 Walnut St
|
DE
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$497,900
|
1853
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3
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1
|
0
|
12/9/2011
|
1905
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1153 Admiralty Ln
|
TH
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$351,000
|
1673
|
3
|
2
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1
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12/10/2011
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1971
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|
1134 Fontana Dr
|
TH
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$330,000
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1628
|
4
|
2
|
1
|
12/13/2011
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1969
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950 Shorepoint Ct
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CO
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$174,900
|
674
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1
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1
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0
|
12/13/2011
|
1972
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|
2870 Baywalk Rd
|
DE
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$569,900
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2114
|
3
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3
|
|
12/15/2011
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1990
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|
206 Carob Ln
|
TH
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$549,000
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2018
|
4
|
2
|
1
|
12/16/2011
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1979
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137 Oak Park Dr
|
TH
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$549,999
|
1669
|
3
|
2
|
1
|
12/16/2011
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1986
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20 Beaufort Harbor Landing
|
DE
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$699,000
|
2197
|
3
|
2
|
1
|
12/19/2011
|
1980
|
|
1542 Verdi St
|
DE
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$699,500
|
2279
|
3
|
1
|
1
|
12/19/2011
|
1926
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|
31 Shepardson Ln
|
DU
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$509,000
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1701
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3
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2
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1
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12/19/2011
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1986
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|
1169 Island Dr
|
TH
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$289,000
|
1261
|
2
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1
|
1
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12/21/2011
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1970
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|
3275 Thompson Ave
|
DE
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$790,000
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2180
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4
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2
|
|
12/22/2011
|
1930
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1327 Webster St
|
CO
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$164,900
|
701
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1
|
1
|
|
12/23/2011
|
1970
|
|
7 Challen Ct
|
DE
|
$530,000
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2171
|
4
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2
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1
|
12/23/2011
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1998
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2148 Encinal Ave
|
DE
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$450,000
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1247
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2
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1
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0
|
12/27/2011
|
1894
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454 Pacific Ave.
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DE
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$429,900
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1244
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3
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1
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0
|
12/28/2011
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1920
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|
2718 Washington St
|
DE
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$530,000
|
1424
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3
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1
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0
|
12/29/2011
|
1923
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1124 High St
|
DE
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$659,000
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1479
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3
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2
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0
|
12/29/2011
|
1926
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2245 Lincoln Ave
|
DE
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$339,900
|
996
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2
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1
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0
|
12/29/2011
|
1925
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122 Asby Bay
|
DE
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$699,900
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2476
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4
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3
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|
12/29/2011
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1991
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606 Tern Ln
|
DE
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$488,000
|
1679
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4
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2
|
1
|
12/29/2011
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1999
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|
1311 Webster Street
|
CO
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$159,000
|
701
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1
|
1
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0
|
12/30/2011
|
1970
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|
3533 Oleander Ave
|
TH
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$349,000
|
1247
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2
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2
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0
|
12/30/2011
|
1975
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|
3154 Fir Ave
|
TH
|
$425,000
|
1766
|
4
|
2
|
1
|
12/30/2011
|
1971
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|
965 Shorepoint Ct
|
CO
|
$287,000
|
995
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2
|
2
|
0
|
12/30/2011
|
1971
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|
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Address
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LP
|
Bt
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Close Date
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Lot Sq. Ft
|
Units
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Yr Blt
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1348 Weber St
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$525,000
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Duplex
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12/8/2011
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2738
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2
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|
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918 Lincoln Ave
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$529,900
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Triplex
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12/14/2011
|
4600
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3
|
1895
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If you are thinking about selling and would like a free market analysis of your home, please call us at (510) 749-9866 or email us at cbianchi@hbrinfo.com
 Best Regards ,
Chuck and Nancy Bianchi
Chuck Bianchi – CRS, ABR & e-PRO
Nancy Bianchi - CRS
Realtors®
510-749-9866 or 510-769-1680
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