• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • 7 Ways Our Free App Will Improve Your Visit
      The official Colonial Williamsburg Explorer app just received another big upgrade, so now there are even more reasons to make sure you make it part of your visit. Our website is a great way to plan your adventure from home, but when you’re here, the app is an indispensable tool to make the most of...Read More »
    • Reflections of a Revolutionary in Residence
      “Papi, am I a princess?” “Yes, Anabella, you are. But we all are. In our country every one of us is a king or a princess,” I said, echoing the words of young Mr. Jefferson as played by Kurt Smith. She was right to ask: my family was feted like never before during my recent...Read More »
    • Join Us for the 4th of July!
      Seriously, is there a better place in America to celebrate the Fourth of July than Williamsburg? In times that incline us toward cynicism, here is a place where you can leave that behind for a little while, and renew your sense of patriotism. This Independence Day combines great traditions with some fresh twists. It’s a...Read More »
    • The Word on DoG Street: Why We Need Your Help
      The word on DoG Street is that the Colonial Williamsburg Foundation receives state and federal taxpayer support and that an increase in that support could help solve the serious financial challenges facing the Foundation. If only that were true. CWF receives $0 annual financial support from either the state or federal government. Zero. We can’t...Read More » […]
    • An Anecdotal History–and Mythology–of the Stars and Stripes
      June 14 is Flag Day, marking the day in 1777 that the Second Continental Congress adopted the stars and stripes as America’s national banner. But it takes a bit more than the dawn’s early light to make out the origins of the flag. Still, it’s worth a try. Let’s start with the stripes. In 1769 some...Read More »
  • Flickr Photos

    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

    More Photos

CoreLogic: national home prices continue to inch upward

CoreLogic released its September 2012 Home Price Index  report which showed home prices nationwide, including distressed sales, increased on a year-over-year basis by 5 percent in September 2012 compared to September 2011. This change represents the biggest increase since July 2006 and the seventh consecutive increase in home prices nationally on a year-over-year basis.  .

“Home price improvement nationally continues to outpace our expectations, growing 5 percent year-over-year in September, the best showing since July 2006,” said Mark Fleming, chief economist for CoreLogic. “While prices on a month-over-month basis are declining, as expected in the housing off-season, most states are exhibiting price increases.  Gains are particularly large in former housing bubble states and energy-industry concentrated states."

“Home prices are responding to better market fundamentals, such as reduced inventories and improved buyer demand,” said Anand Nallathambi, president and CEO of CoreLogic. “So far this year, we’re seeing clear signs of stabilization and improvement that show promise for a gradual recovery in the residential housing market.”

Highlights as of September 2012:

  • Including distressed sales, the five states with the highest home price appreciation were:  Arizona (+18.7 percent), Idaho (+13.1 percent), Nevada (+11.0 percent), Hawaii (+8.9 percent) and Utah (+8.7 percent).
  • Including distressed sales, the five states with the greatest home price depreciation were: Rhode Island (-3.5 percent), Illinois (-2.3 percent), New Jersey (-1.8 percent), Alabama (-1.3 percent) and Delaware (-0.5 percent).
  • Excluding distressed sales, the five states with the highest home price appreciation were: Arizona (+14.0 percent), Idaho (+10.5 percent), Nevada (+9.5 percent), Montana (+8.5 percent) and California (+8.4 percent).
  • Excluding distressed sales, this month only four states posted home price depreciation: Alabama (-3.1 percent), New Jersey (-1.6 percent), Delaware (-1.4 percent) and Rhode Island (-1.3 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to September 2012) was -27.0 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -20.4 percent. 
  • The five states with the largest peak-to-current declines, including distressed transactions, are Nevada (-53.9 percent), Florida (-44.7 percent), Arizona (-41.7 percent), California (-37.2 percent) and Michigan (-35.0 percent).
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 18 are showing year-over-year declines in September, nine fewer than in August.

Full-month September 2012 national data can be found at http://www.corelogic.com/HPISeptember2012.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: