Realcomp: Hot trends in real estate - FOX 35 News Orlando

Realcomp: Hot trends in real estate

Posted: Updated:
Karen Kage is the CEO of Realcomp.  She joins Murray Feldman on Fox 2's Money Monday to offer snapshot on current, local trends in the real estate market.

Median Sales Prices
•    Up for the year by an average of 36%
•    This upward trend began in 2010 (Oakland), 2011 (Wayne), 2012 (Macomb)
•    Driven by market factors including historically low inventory levels

Inventory Levels
•    Down by 12% compared to last year
•    Levels have continued to diminish since August/September 2007
•    Driven by market factors including foreclosures largely out of system;
and individuals currently ‘under water’ on homes waiting for prices to
continue their rise

Days on Market
•    Down an average of 25 days over last year to [DAYS]  

Hot Markets in Metro Detroit
•    Troy & Canton area
•    Based on:
o    Most overall sales in past 12 months
o    Least amount of days on market in that same time period

In Months Ahead
•    Median sales prices expected to continue rise as economy improves and inventory levels work toward correction
•    Inventory levels should rise during Spring/Summer selling season
•    The next few months will be very telling as to whether the real estate market will continue its rise and resurgence to what is now approaching pre-recession levels

GREAT RESOURCE: http://www.moveinmichigan.com/CompanyProfile.aspx

  • MorningsMorningsMore>>

  • St. Clair Riverfest July 25-27

    St. Clair Riverfest July 25-27

    Thursday, July 24 2014 4:54 PM EDT2014-07-24 20:54:46 GMT
    Chuck and Kellie Broaddus, owners of Broadco Property Restoration in Clinton Township, join "The Nine" to talk about the St. Clair Riverfest. The 9th Annual Meijer St. Clair Riverfest runs from July 25-27, the festival runs in conjunction with the 20th Anniversary of the St. Clair River Classic Offshore Powerboat Race.
    Chuck and Kellie Broaddus, owners of Broadco Property Restoration in Clinton Township, join "The Nine" to talk about the St. Clair Riverfest. The 9th Annual Meijer St. Clair Riverfest runs from July 25-27, the festival runs in conjunction with the 20th Anniversary of the St. Clair River Classic Offshore Powerboat Race.
  • JOB SHOP: The DOPE Project for Youth

    JOB SHOP: The DOPE Project for Youth

    Thursday, July 24 2014 1:17 PM EDT2014-07-24 17:17:02 GMT
    The DOPE Project (TDP) is not a typical boring lecture, or a traditional class, it instead allows kids to interact with business leaders and professionals as if they are in the real workplace.
    The DOPE Project (TDP) is not a typical boring lecture, or a traditional class, it instead allows kids to interact with business leaders and professionals as if they are in the real workplace.
  • Out and About: Goldfish Swim School

    Out and About: Goldfish Swim School

    Thursday, July 24 2014 12:49 PM EDT2014-07-24 16:49:09 GMT
    Fox 2's Jessica Starr took her son Noah out and about to check out the Goldfish Swim School.
    Fox 2's Jessica Starr took her son Noah out and about to check out the Goldfish Swim School.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices