Real Estate

Obama Housing Scorecard May 2012 – Housing Recovery Mixed

Existing Homes On the Market At Low Level, Number Of Units Held Off the Market Remains High- HUD

(Best Syndication News) - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the May 2012 edition of the Obama Housing Scorecard this week. The housing outlook remains mixed. While there still is a large amount of distressed and foreclosed properties on the market, there has been an increase in new housing starts as well as an increase in overall existing property sales throughout the entire US.

The gains were modest. In April 2012, the existing home sales increased 2.4 percent. Every region in the US had increased. The newly built homes are improving as well. The report said that newly constructed homes increased for the first time since April 2007. However, delinquent and underwater properties are still causing a slow real estate market recovery.

April Housing Scorecard - Home Sales up 5.3 Percent

Expectations On House Prices Remain Above 2009 Projections - Obama's Housing Scorecard April 2012 edition

(Best Syndication News) - The US Department of Housing and Urban Development (HUD) and the US Department of Treasury released the April 2012 Edition of the Obama Administration's Housing Scorecard. The month of April showed mixed overall outlook, however, there was some signs of stability.

The first quarter 2012 existing home sales were up 5.3 percent compared to the same time last year. Despite this, the home prices were still soft in many markets. When prices are seasonally adjusted for the winter months, there was a slight increase since April 2011.

HGTV Green Home Giveaway 2012 is located near Atlanta

screenshot of HGTV.com Green Home Giveaway 2012 website

(Best Syndication News) - HGTV has started the 2012 Green Home Giveaway today and on tonight will air a TV special touring the environmentally friendly house. This year’s home is in Chattahoochee Hills, Georgia, which is just outside of Atlanta. One lucky person will win the 2,300-square-foot home, $100,000, and a 2012 GMC ® Terrain ® vehicle.

The style of the home is a modern family farmhouse that has influence of the Southeast culture and architecture. The three bedroom and 2.5 bathroom home, uses environmentally friendly products such as solar panels, concrete countertops, and recycled rugs.

California Home Sales increase in December

House - BSN

(Best Syndication News) - California housing sales increased 15.5 percent in December compared to November sales numbers. Around 37,734 new construction homes, resale homes, and condominiums sold in the state, which was up from November’s number of 32,669 sales. The average home-sale volume in California is 44,063, according to the latest Data Quick report.

There is still more room for improvement in California housing values. The median price was $246,000, which increased only 0.8 percent or $2,000 from November’s values. The median home price declined 3.1 percent when comparing to the year-over-year price. In December 2010, the median sale price was $254,000. The lowest median home price in California was in April 2009, when it reached an average price of $221,000. Comparatively, the highest median value was in the early part of 2007, when the average price was $484,000.

HGTV Dream Home 2012 Giveaway is near Park City, Utah

screenshot - HGTV Dream Home 2012 website

(Best Syndication News) - HGTV has started their 2012 Dream Home Giveaway, with this year's home being located in Midway, Utah. The custom designed dream home is nearby to Park City, a ski resort town with a population of 7,371. Park City is a tourist town with the locals often being outnumbered by vacationers.

The exterior and interior uses a natural color scheme. There are earthy rock walls in the great room with neutral colors accented with a spot of blue color. The wood floor compliments the rugged rocks adding refinement to the room. The ceiling has interesting wood beams and a high ceiling with an extra windows to let in the sunlight. The wood flooring is a feature throughout the main parts of the home.

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