Tag archives for Median Home Prices

Santa Cruz Median Home Value Jumps $100,000

In Santa Cruz, California, median home prices are on the rise in a big way. In fact, the midpoint of what sold jumped a full $100,000 from May to June, rising from $435,000 to $535,000 in just one short month. Real estate agent Linda Burroughs calls the market “the weirdest...I’ve seen in 35 years,” while other agents predict that the Read full article »

Fourth Straight Month of Increases in Home Prices, Transaction Volume

According to the RE/MAX National Housing Report for June 2011, the month is the fourth straight for rising home prices and rising transaction volumes this year. Despite a year-over-year price drop of 4.9 percent, median home sales prices are on the rise and show a 7.4 increase over May. Highest increases occurred in the northeast, and the average time on Read full article »

Washington D.C. Area Home Sales Spike

While many of the country’s housing markets struggled in the early months of this year, Washington D.C. area sales were up 31 percent. Not only are those good numbers for the current market, but the leap is actually the highest monthly and yearly increase in pending sales activity in more than ten years, reported the Metropolitan Regional Information Systems (MRIS)’s Read full article »

Demand for Pricey Properties Soaring

While the housing market may remain soft for some time in the conventional “bread and butter” market, the luxury home market appears to be on the mend at a much rapider rate. The Hamptons residential real estate market, which most experts expected to be hit hard as people shed their second homes during hard times, barely experienced a dip in Read full article »

California Association of Realtors Predicts Grim Homesales in 2010, Improvement in 2011

The California Association of Realtors (CAR) is not looking for sunny weather in the real estate market out west any time soon: the group recently released a forecast for the state predicting a 10 percent overall drop in home sales in 2010, with a nominal increase of 2 percent in 2011. However, the silver lining, such as it may be, Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.