Real Estate Prices

MONEY Magazine: Your Home 2005: The 100 Major Markets - Jun. 1, 2005 Web CNN/Money Buying & Selling Investment Property Home Improvement Million $ Life Financing Best Places SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | The 100 Major Markets While currently hot real estate markets may cool, don't look for many outright losers just yet. June 1, 2005: 7:01 PM EDT More real estate • Pros and cons of interest-only mortgages • How much house can you afford? NEW YORK (MONEY Magazine) - Home prices across the country will likely keep rising over the next year. While many hot markets on both coasts could see a dramatic slowdown in their growth rates, the forecasters at housing research firm Case Shiller Weiss aren't predicting outright losers anywhere. Nationally, home values climbed 14 percent last year, or nearly double the 8 percent of 2003, when the bubble talk began in earnest. Prices are up 20 percent or more in some coastal cities, putting homes out of reach for many. In Los Angeles, for example, just 5 percent of homes sell at prices affordable to a median-income local family. Don't panic just yet, though. Any pop is unlikely to be nearly as severe as what can happen in the stock market. Local markets can drop 10 to 20 percent, but that's about as bad as it usually gets. And a crash is merely a paper loss as long as you don't need to move. Meanwhile, you get a roof over your head and, with a little luck, nice neighbors and good public schools too. Metro area Median home price 5yr change in avg home price Growth forecast to June 2006 United States $190,000 65.1% 7.1% New York/Northern New Jersey/Long Island/Connecticut New York City $435,000 91.2% 12.6% Nassau/Suffolk, N.Y. $440,000 92.1% 11.6% Newark $330,000 79.0% 11.4% Bergen/Passaic, N.J. $390,000 81.9% 11.3% Middlesex/Somerset/Hunterdon, N.J. $318,000 87.4% 11.1% Monmouth/Ocean, N.J. $328,000 97.0% 11.3% Jersey City $300,000 114.2% N.A. New Haven/Bridgeport/Stamford/Waterbury/Danbury $335,000 69.7% 9.0% Trenton $230,000 83.4% 11.0% Los Angeles/Riverside/Orange County Los Angeles/Long Beach $442,000 122.3% 5.0% Riverside/San Bernardino, Calif. $329,000 137.3% 4.5% Orange County, Calif. $610,000 126.3% 6.8% Ventura, Calif. $550,000 122.6% 5.8% Chicago $254,000 49.6% 8.6% Washington/Baltimore Washington $385,000 107.4% 13.9% Baltimore $140,000 85.3% 14.2% San Francisco/Oakland/San Jose Oakland $535,000 96.3% 13.3% San Francisco $750,000 67.7% 13.6% San Jose $619,000 63.0% 13.9% Vallejo/Fairfield/Napa, Calif. $449,000 125.1% 13.8% Santa Rosa, Calif. $500,000 107.8% 13.2% Santa Cruz/Watsonville, Calif. $599,000 86.2% 13.0% Boston/Worcester/Lawrence/Lowell/Brockton $339,000 73.6% 8.0% Dallas/Fort Worth Dallas $137,000 23.1% N.A. Fort Worth/Arlington N.A. 23.5% N.A. Philadelphia/Wilmington/Atlantic City Philadelphia $180,000 71.0% 11.7% Atlantic/Cape May, N.J. $249,000 112.6% 9.4% Detroit/Ann Arbor/Flint Detroit $160,000 24.3% 4.3% Ann Arbor $225,000 28.1% 1.2% Houston $136,000 25.2% N.A. Atlanta $188,000 25.2% 6.4% Miami/Fort Lauderdale Miami $240,000 106.1% 15.3% Fort Lauderdale $257,000 105.8% 16.3% Phoenix/Mesa $190,000 53.1% 17.7% Seattle/Tacoma/Bremerton Seattle/Bellevue/Everett $315,000 38.1% 9.1% Tacoma, Wash. $212,000 36.9% 4.2% Minneapolis/St. Paul $225,000 63.2% 7.4% Cleveland/Akron Cleveland/Lorain/Elyria $153,000 20.0% 4.3% Akron $148,000 17.5% 0.7% San Diego $554,000 138.3% 5.9% St. Louis $129,000 38.1% N.A. Tampa/St. Petersburg/Clearwater $172,000 70.8% 14.7% Pittsburgh $108,000 31.1% N.A. Denver $250,000 33.3% 6.0% Cincinnati/Hamilton Cincinnati $172,000 18.9% 4.0% Hamilton/Middletown, Ohio $182,000 20.5% 3.2% Portland, Ore./Vancouver $226,000 36.6% 9.8% Sacramento/Yolo Sacramento $376,000 131.1% 17.1% Yolo, Calif. $379,000 140.9% 17.4% Kansas City, Mo. $149,000 30.8% N.A. Orlando $195,000 60.6% 14.3% Indianapolis $113,000 18.8% N.A. San Antonio $123,000 24.8% N.A. Norfolk/Virginia Beach/Newport News $168,000 60.9% N.A. Las Vegas $285,000 107.0% N.A. Columbus, Ohio $172,000 22.7% 3.7% Milwaukee/Waukesha $199,000 40.5% N.A. Charlotte/Gastonia/Rock Hill, N.C. N.A. 19.1% N.A. Salt Lake City/Ogden $155,000 -0.2% 0.0% Austin/San Marcos $151,000 24.9% N.A. Nashville $139,000 19.3% 6.4% Providence/Warwick/Pawtucket $257,000 111.7% 17.7% Raleigh/Durham $186,000 18.9% N.A. Hartford $228,000 54.1% 8.9% Buffalo/Niagara Falls $95,000 27.00% N.A. Memphis $126,000 11.5% 3.2% West Palm Beach/Boca Raton, Fla. $282,000 98.0% 21.0% Jacksonville, Fla. $154,000 57.4% N.A. Dayton/Springfield, Ohio $135,000 15.1% 0.3% Fresno $243,000 129.1% N.A. Tucson $179,000 46.6% 8.5% Albuquerque $146,000 13.3% 1.4% Knoxville $121,000 27.3% 7.0% Bakersfield, Calif. $195,000 114.1% N.A. Toledo $124,000 19.7% 0.6% Youngstown/Warren, Ohio $90,000 15.0% 1.8% Springfield, Mass. $182,000 64.1% 10.5% Sarasota/Bradenton $229,000 83.5% 17.0% Stockton/Lodi, Calif. $370,000 126.9% 21.8% Daytona Beach, Fla. $153,000 79.9% 22.0% Lakeland/Winter Haven, Fla. $133,000 46.5% 9.8% Johnson City/Kingsport/Bristol (Tenn./Va.) $90,000 16.2% 4.8% Lansing/East Lansing $134,000 33.0% 2.9% Modesto, Calif. $305,000 140.5% 15.2% Fort Myers/Cape Coral, Fla. $124,000 92.1% 15.1% Canton/Massillon, Ohio $129,000 16.7% 2.2% Salinas, Calif. $526,000 136.2% N.A. Santa Barbara/Santa Maria/Lompoc $445,000 147.9% N.A. Visalia/Tulare/Porterville, Calif. $190,000 86.1% N.A. Fort Pierce/Port St. Lucie, Fla. $280,000 99.8% 13.7% New London/Norwich, Conn. $226,000 71.9% 6.3% Naples, Fla. $300,000 109.3% 22.4% San Luis Obispo/Atascadero/Paso Robles, Calif. $475,000 137.7% 11.3% Merced, Calif. $270,000 126.2% 16.6% Clarksville/Hopkinsville (Tenn./Ky.) $95,000 15.3% 4.2% Chico/Paradise, Calif. $250,000 119.6% 15.2% Burlington, Vt. $226,000 62.7% 7.8% Barnstable/Yarmouth, Mass. $369,000 115.7% 5.6% Punta Gorda, Fla. $154,000 98.1% 17.5% Pittsfield, Mass. $165,000 57.8% 11.1% NOTES: Data as of 2004 unless otherwise noted. N.A.: Not applicable or not available. SOURCES: Fiserv CSW, U.S. Census Bureau, U.S. Department of Housing and Development, National Association of Realtors. «top» The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Real Estate How to buy and build on rural land Most overvalued housing markets When booms go bust... contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Real Estate or Create your own Manage alerts | What is this?

Real Estate Investment

Real Estate Investing Courses Rated and Reviewed Real Estate Investing Depot Directory of Real Estate Investing Resources - courses, books, tapes, services and software Rated and Reviewed . to our "What's New" Newsletter! NEW Resources! NEW Forms! NEW Articles! NEW Reviews! Two FREE Books! 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Real estate agents help

Real Estate Agent Printer-friendly version ( HTML ) Real Estate Agent What is this job like? | How do you get ready? | How much does this job pay? | How many jobs are there? | What about the future? | Are there other jobs like this? | Where can you find more information? What is this job like? Back to Top Real estate agents help people buy and sell houses. They must be able to say approximately how much money a house is worth. They need to know what the neighborhoods in their towns are like. They must know the laws that have to do with buying or selling a house. They also can tell home buyers where to get a loan if they need more money to buy a house. In return for selling a house, real estate agents get to keep a small part of the money that the buyer paid for it. Real estate agents work for real estate brokers. Real estate brokers manage real estate offices. People who want to buy a house often ask a real estate agent to help them. They meet with the agent to tell him or her what kind of house they want. They must also discuss how much money they can afford to spend. The agent then takes them to see houses for sale. Buying a house is a very important decision because houses cost a lot of money. This means that buyers often want to look at many houses before they decide to buy one. Real estate agents also sell houses for people. They help the seller set the price for the house. To do this, they must know what the house is like. They must also figure out what people would be willing to pay for the house so that it will sell quickly. They make sure that people see ads for the house so that they can think about buying it. Once a person agrees to buy a house, real estate agents still have work to do. They must fill out special forms that let everyone know that the house has a new owner. Both the buyer and the seller of the house must sign these forms for the sale of the house to be legal. Often, the agents must help the buyer to get a loan from the bank to pay for the house. Real estate agents generally work in offices. Since much information about properties is available over the Internet, some agents can work out of their own homes. In either case, however, much of their time is spent outside the office showing houses to buyers. Sometimes they must leave the office to meet with people who have houses to sell. Good real estate agents also spend time away from the office finding out more about the houses in their town that might one day be up for sale. Agents often work more than 40 hours a week. They often must work in the evening or on weekends. This is because most buyers and sellers are free only at those times. How do you get ready? Back to Top Real estate agents must have a license from the State in which they work. To get a license, a person must have graduated from high school. The person must be at least 18 years old and pass a written test. In some States, a person who wants to be a real estate agent must go to a special school for a few months. Sometimes it helps to take some college courses about real estate. This is because the process of selling a house can be hard to understand. Good real estate agents must get along well with buyers and sellers. It helps if real estate agents are pleasant and dress neatly. They should be well organized and be able to remember people's names. They should deal honestly with people and have good manners. They must also be very eager to sell houses, which is sometimes a lot of hard work. How much does this job pay? Back to Top Most real estate agents do not get a regular paycheck. Instead, they get part of the money that the home buyer pays to the home seller when a house is sold. This means that agents who sell more houses earn more money. It also means that agents who sell more expensive houses earn more. The middle half of all real estate agents earned between $21,010 and $52,860 a year in 2002. The lowest-paid 10 percent earned less than $15,480. The highest-paid 10 percent earned more than $83,780 a year. The middle half of all real estate brokers earned between $29,240 and $90,170 a year in 2002. The lowest-paid 10 percent earned less than $17,290. The highest-paid 10 percent earned more than $145,600 a year. How many jobs are there? Back to Top Real estate agents and brokers held about 407,000 jobs in 2002. Many work part time, and have other jobs as well. Most real estate agents work in large cities. Many also work in smaller cities that are growing quickly. This is because there are more houses being bought and sold in such places. What about the future? Back to Top The number of jobs for real estate agents is expected to grow more slowly than the average for all occupations through the year 2012. This is partly because more information about real estate is available on the Internet. This allows agents to conduct more business in less time, so fewer agents are needed. It should be rather easy to find a job as a real estate agent. This is because many agents find that they cannot sell enough houses to be successful, so they quit their jobs. Only people who enjoy selling, and are good at it, should try to become real estate agents. Are there other jobs like this? Back to Top Insurance sales agents Retail salespersons (car salespersons, etc.) Sales representatives, wholesale and manufacturing Securities, commodities, and financial services sales agents Travel agents Where can you find more information? Back to Top More BLS information about real estate brokers and sales agents can be found in the Occupational Outlook Handbook . The Handbook also shows where to find out even more about this job. Last Modified Date: October 21, 2004

Real Estate Investment

Foreclosure Property Investor's Kit

Amazon.com: The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction : Books: Thomas Lucier Your Store Books See All 32 Product Categories Your Account | Cart | Wish List | Help | Advanced Search | Browse Subjects | Bestsellers | The New York Times® Best Sellers | Magazines | Corporate Accounts | Amazon Shorts | Bargain Books | Used Books | Textbooks Search Amazon.com Books Web Search or Sign in to turn on 1-Click ordering. A9.com users save 1.57% on Amazon. Learn how . More Buying Choices 30 used & new from $11.59 Available for in-store pickup now from $19.95 Price may vary based on availability Enter your ZIP Code: Have one to sell? See larger image Share your own customer images Search inside this book The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction (Paperback) by Thomas Lucier (110 customer reviews) List Price: $19.95 Price: $13.57 & eligible for FREE Super Saver Shipping on orders over $25. See details You Save: $6.38 (32%) Availability: Usually ships within 24 hours. Ships from and sold by Amazon.com. Only 4 left in stock--order soon (more on the way). 30 used & new available from $11.59 Return to buying info page Editorial Reviews Review "…the best…" and "…well written…. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." (Robert J. Bruss, Nationally syndicated columnist) Review "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." --Robert J. Bruss, Nationally syndicated columnist. Book Description Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investors Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. Youll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy. Even people of modest means can get into pre-foreclosure investing—all it takes is a little hard work, persistence, and the tools youll find in this handy guide. From the Back Cover "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of 1 to 10, this outstanding new book rates an off-the-chart 12." —Robert J. Bruss, nationally syndicated columnist A practical toolkit for making money on pre-foreclosure properties One of the most lucrative avenues for investors today is pre-foreclosure real estate; investors who are organized, informed, and persistent can make a bundle. But if you start investing without the proper knowledge and tools, you could lose your shirt. With step-by-step instructions and practical, no-nonsense advice, The Pre-Foreclosure Property Investor's Kit shows readers how to make even more money by finding foreclosure properties before they go to auction—beating the competition to the punch. Plus, this comprehensive resource is full of ready-to-use worksheets, letters, checklists, forms, and agreements that make getting started easy. You'll learn: How to make as much as $60,000 per year investing part-time Why NOW is a great time to get started in pre-foreclosure investing How to use foreclosure notices to find local properties How to use direct mail to contact property owners in default How to estimate the current market value of properties Everything you need to know about your state's foreclosure statutes Most people think that investing in real estate requires a giant bank account and a perfect credit score. But with pre-foreclosure investing, even people of average means can get into the game—all it takes is a little hard work, persistence, and the helpful tools you'll find in The Pre-Foreclosure Property Investor's Kit. About the Author THOMAS J. LUCIER has been a real estate investor since 1980. An active member of both the National Association of Real Estate Editors and the Real Estate Educators Association, he is a widely published real estate expert whose advice has appeared in such publications as the Wall Street Journal and Commercial Investment Real Estate magazine Return to buying info page Suggestion Box Your comments can help make our site better for everyone. If you've found something incorrect, broken, or frustrating on this page, let us know so that we can improve it. Please note that we are unable to respond directly to suggestions made via this form. If you need help with an order, please contact Customer Service . Please mark as many of the following boxes that apply: Product information is missing important details. Product information is incorrect. Propose corrections using our Online Catalog Update Form . The page contains typographical errors. The page takes too long to load. The page has a software bug in it. 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