• 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

    • Celebrate the Everard House’s Tercentennial!
      What do an eighteenth-century invoice, a circus lion, a boat etched on a window pane, wallpaper fragments, dendrochronology samples, and a 1952 Antiques Forum program have in common? They are all pieces of the remarkable history of the Thomas Everard House that are part of Colonial Williamsburg’s museum and library collections. 2018 marks a significant...Rea […]
    • A More Accurate Look for the Governor’s Palace Arms Display
      Visitors to Colonial Williamsburg may think that our work to preserve Virginia’s 18th-century capital means that the place never changes. Every day, however, we strive to learn more about the past and build on the work of our predecessors to represent the city as accurately as possible. We work from a historical record that is...Read More »
    • As 2017 Comes to a Close, We Need Your Help!
      Courage. Independence. Liberty. These enduring values have been a part of our Nation’s story since the first stirrings of revolution. Here in Williamsburg, the importance—both past and present—of those values comes to life. From the bold actions of the patriots who began a revolution to the intimate details of daily life in 18th-century America, our...Read M […]
    • ‘Tis the Season: An Un-Colonial Christmas
      For me, Christmas this year started in March. I know. I am one of those people who does not decorate until AFTER Thanksgiving. But there I was being tasked with creating a new show for our evening programs at Christmas. And I was excited! I love the holiday season in Colonial Williamsburg; the history that...Read More »
    • This Giving Tuesday, We Need Your Help!
      Giving Tuesday is a time to celebrate and encourage the joy of giving back to nonprofits that matter—and the Colonial Williamsburg Foundation needs your help! With your support, Colonial Williamsburg will continue to: Preserve buildings, landscapes, trades, and skills that were critical at the time of Revolution Engage history lovers of all ages by bringing. […]
  • Flickr Photos

  • Advertisements

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.

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: