Sep 25

Home Values Pull Up in More States

Home Values Pull Up in More States

 

Home Values Pull Up in More States. Image courtesy of fantasista / FreeDigitalPhotos.net

Home Values Pull Up in More States. Image courtesy of fantasista / FreeDigitalPhotos.net

Home values in 29 states and the District of Columbia are within their historically normal range, according to Freddie Mac’s latest housing index.

The Multi-Indicator Market Index now stands at a value of 81, indicating a national housing market that is on its outer range of stable activity. The MiMi has improved 6.17 percent year-over-year and has rebounded 37 percent since its all-time low in October 2010. Still, the index remains significantly off its high of 121.7.

The MiMi bases the stability of housing markets on home-purchase applications, payment-to-income ratios, proportion of on-time mortgage payments, and local employment. The states with the highest MiMi values are California, District of Columbia, Hawaii, Montana, North Dakota, and Utah. Forty-six of the 100 metro areas the MiMi analyzes also have values in the stable range, with Fresno, Calif.; Austin, Texas; Honolulu; Salt Lake City; and Los Angeles among the top performers.

“Nationally, all MiMi indicators are heading in the right direction for the second consecutive month and improving more than 6 percent from the same time last year,” says Len Kiefer, Freddie Mac’s deputy chief economist. “Florida has some of the most improving housing markets in the country, largely a reflection of more borrowers becoming current on their mortgage payments as the local employment picture improves and house prices rebound. The one area of the country that has been slow to respond has been the Northeast. However, we’ve started to see these housing markets turn around, especially in Pennsylvania, Connecticut, New Hampshire, Vermont, and Maine.”

Many markets in the Northeast are still weak, Kiefer says, but “they’re steadily trending in the right direction, and their pace of improvement is accelerating. Overall, the West remains especially strong, with many markets posting double-digit growth in their MiMi purchase-applications indicator compared to a year ago and helping to keep the country on pace for the best year of home sales since 2007.”

Source: Freddie Mac

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.