Real Estate Prices
CNN/Money: The hottest zip codes Web CNN/Money Buying & Selling Investment Property Home Improvement Million $ Life Financing Best Places This year's hottest zip codes By Sarah Max, CNN/Money senior staff writer PLUS: What makes a zip code HOT? Homes in hot zip codes Ultimate home guide 2005 SALEM, Ore. (CNN/Money) - Whether home prices will rise or fall in the coming year is anyone's guess. The housing market continues to stump experts on both sides of the bubble debate. Even so, economists at Fiserv Case Shiller Weiss think they have a pretty good idea what's in the cards for most metros in 2005. Their prediction: Los Angeles will fizzle. Miami will sizzle. There's some reason to believe them. Fiserv CSW has been forecasting annual home-price growth at the metro level for more than a decade, with a not-too-shabby record: the group's median forecast error is less than 2 percent. To track housing performance, the researchers look at repeat sales data for a sample of houses in each zip code, a method they consider more accurate than simply looking at changes in an area's median home price. They also consider past price changes, employment trends and interest-rate trends to devise a forecast for the coming year. Finally, they make adjustments to individual areas to account for other factors that could influence an area's housing market. What's up in L.A.? Over the past five years home prices in the Los Angeles area appreciated 125 percent, with prices in a handful of zip codes up nearly 200 percent. But Fiserv CSW is predicting that prices in the greater Los Angeles area will increase by only 5.8 percent in 2005, with slightly better appreciation in some L.A. markets and price declines in others. "There is anecdotal evidence that the market there is weakening," said David Stiff, a senior economist with Case Shiller Weiss. "It hasn't worked its way into our model yet." For that reason, the firm declined to give a forecast for individual zip codes in Los Angeles. "We are very uncertain about what will happen to home prices in Los Angeles this year," Stiff added. Miami's market, however, may still have room to grow. Home prices in the Miami-Fort Lauderdale metro have doubled over the last five years, and Fiserv CSW is forecasting that they will appreciate another 16.4 percent this year. "Unlike L.A., Miami has a higher ceiling [for price appreciation] because affordability is less of an issue," said Stiff. What's the forecast for your hood? For each of the 10 largest metro regions tracked by Fiserv Case Shiller Weiss, here are the 10 zip codes with the largest median five-year price increases -- and their prospects for the coming year. Data on five-year price change are through the fourth quarter of 2004, while the forecasted change is for the first quarter of 2005 through the first quarter of 2006. Click on column headings to re-sort » Metro Area Median price 5-Yr Price Change 1 Forecasted change 2 Boston 338,000 73.60% 8.00% Lawrence MA 01841 226,000 121.10% 9.90% New Bedford MA 02744 207,000 120.50% 9.60% New Bedford MA 02740 225,000 118.10% 9.80% Worcester MA 01610 193,000 116.30% 16.20% Fairhaven MA 02719 254,000 113.50% 9.80% New Bedford MA 02745 245,000 112.30% 11.10% Wareham MA 02571 260,500 111.50% 8.20% Manchester NH 03102 242,000 111.10% 10.80% North Dartmouth MA 02747 324,500 110.90% 10.90% Mattapoisett MA 02739 353,500 110.70% 9.80% Chicago 254,000 49.60% 8.30% Chicago IL 60632 205,000 91.20% 13.80% Chicago IL 60638 237,000 90.90% 15.30% Chicago IL 60629 195,000 89.90% 16.70% Chicago IL 60652 180,000 84.60% 16.00% Chicago IL 60639 265,000 84.10% 11.20% Chicago IL 60630 318,000 83.30% 12.20% Chicago IL 60634 300,000 83.20% 12.50% Chicago IL 60640 511,000 82.20% 12.50% Oak Park IL 60302 450,000 80.50% 8.80% Chicago IL 60641 320,000 79.80% 11.10% Detroit 156,000 23.50% 4.50% Inkster MI 48141 85,000 39.80% 3.80% Pontiac MI 48342 75,000 37.90% 3.30% Mount Clemens MI 48043 136,000 35.90% NA Romulus MI 48174 145,000 35.80% 3.40% Dearborn Heights MI 48125 110,000 35.60% 3.40% Center Line MI 48015 125,000 35.60% 5.50% Ann Arbor MI 48103 263,000 35.50% 2.90% Detroit MI 48223 75,000 35.30% 2.00% Ann Arbor MI 48104 314,000 35.00% 1.30% Detroit MI 48235 97,000 34.30% 2.00% Los Angeles 418,000 125.70% 5.80% Rialto CA 92376 270,000 191.90% NA Littlerock CA 93543 230,000 185.80% NA Fontana CA 92335 272,000 184.70% NA Mira Loma CA 91752 449,000 182.50% NA Burbank CA 91502 677,500 180.50% NA Glendale CA 91203 538,000 180.40% NA Inglewood CA 90305 425,000 176.60% NA Santa Ana CA 92707 475,000 176.10% NA Riverside CA 92509 325,000 174.70% NA Inglewood CA 90303 390,000 173.80% NA Miami 246,000 106.00% 16.40% Miami FL 33137 265,000 171.30% NA Miami FL 33138 360,000 161.40% NA Miami FL 33150 142,000 147.80% 21.80% Fort Lauderdale FL 33311 175,000 134.50% 19.90% Pompano Beach FL 33062 355,000 133.00% 20.00% Deerfield Beach FL 33441 253,000 130.70% 17.10% Fort Lauderdale FL 33314 175,000 128.40% 22.80% Hollywood FL 33020 204,000 128.30% NA Pompano Beach FL 33064 171,000 126.90% 21.50% Miami FL 33179 169,000 125.50% 18.20% New York 360,000 87.50% 11.90% Beach Haven NJ 08008 687,500 146.00% 14.30% Tuckerton NJ 08087 216,000 134.50% 13.70% Mastic Beach NY 11951 228,000 130.20% NA Manorville NY 11949 392,000 128.80% 16.30% Brielle NJ 08730 519,000 127.70% 11.70% Bellport NY 11713 158,000 127.50% NA Mastic NY 11950 239,500 127.20% 17.10% Lavallette NJ 08735 557,500 127.00% 12.90% Perth Amboy NJ 08861 260,000 126.90% 13.00% Waretown NJ 08758 350,000 125.60% 15.50% Philadelphia 199,000 71.00% 11.40% Brigantine NJ 08203 358,500 149.50% 15.40% Sea Isle City NJ 08243 699,000 136.50% 20.10% Ocean City NJ 08226 650,000 133.80% 18.50% Ventnor City NJ 08406 285,000 132.20% 18.50% Villas NJ 08251 167,500 124.40% 20.60% Margate City NJ 08402 549,000 122.70% 17.10% Ocean View NJ 08230 325,000 118.50% 15.30% Northfield NJ 08225 207,500 117.30% 15.60% Marmora NJ 08223 265,000 116.50% 16.00% Somers Point NJ 08244 225,500 111.50% 16.00% San Francisco 576,000 82.00% 14.40% Vallejo CA 94590 361,000 149.00% 16.90% Oakland CA 94621 310,000 144.20% 15.00% Dixon CA 95620 448,000 140.70% 16.10% Fairfield CA 94533 367,000 137.00% 18.00% Vallejo CA 94589 370,000 135.70% 17.80% Oakland CA 94603 326,500 135.70% 15.30% Suisun City CA 94585 380,000 131.50% 17.20% Oakley CA 94561 400,500 130.20% 21.40% Pittsburg CA 94565 389,000 129.90% 20.10% Vacaville CA 95687 391,500 129.70% 14.80% Seattle 289,000 38.50% 10.10% Seattle WA 98126 294,000 57.80% 10.30% Seattle WA 98106 233,000 53.40% 12.30% Seattle WA 98109 556,000 53.00% 11.40% Seattle WA 98107 362,000 52.50% 9.50% Seattle WA 98117 380,000 52.40% 8.40% Seattle WA 98103 399,000 52.30% 8.90% Seattle WA 98199 510,000 51.10% 8.20% Seattle WA 98116 389,000 51.10% 8.10% Seattle WA 98105 441,000 50.60% 6.90% Seattle WA 98168 229,000 48.80% 9.00% Washington, D.C. 335,000 99.00% 14.90% Gaithersburg MD 20877 329,000 127.40% 14.30% Germantown MD 20874 291,000 117.80% 16.00% Silver Spring MD 20903 340,000 116.90% 12.40% Gaithersburg MD 20879 309,000 115.90% 13.70% Rockville MD 20851 320,000 112.50% 9.30% Silver Spring MD 20910 450,000 112.00% 8.70% Gaithersburg MD 20878 485,500 112.00% 10.60% Rockville MD 20853 400,000 111.10% 12.30% Rockville MD 20850 523,000 109.80% 9.30% Silver Spring MD 20901 365,000 109.60% 12.50% Notes: 1 Q4 1999 through Q4 2004 2 Q1 2005 through Q1 2006 Source: Fiserv CSW «top» The Hot List Most profitable renovations How risky is your 401(k)? 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Texas Land Trust Council: News Maincontent Local Navigation Supplemental Information print friendly search Regulations Publications Outdoor Learning Kids Game Warden Grants Get Involved Shop FAQ Calendar Español Experience Texas Fishing & Boating State Parks & Destinations Hunting & Wildlife Land & Water Doing Business Home Land & Water Land Private Tltc News Texas Land Trusts About Texas Land Trusts Starting a Land Trust Texas Land Trust Directory Foreword Listing Regional Index About the Texas Land Trust Council ( TLTC ) TLTC Board of Directors and Honorary Council News 2004 TLTC Conference Speech Bulletin Board TLTC Publications Land Trust Resources Texas Land Trusts Top 1-Million Mark in Acres Conserved What's this seal? 2004 Statewide Land Trust Conference What's a Lone Star Land Steward? Preserving Texas's Cultural Heritage Turning Brownfields Green Private Landowners Wildlife/Agricultural Tax Exemption The 2004 Statewide Land Trust Conference was held on Feb. 28-29 in Austin, Texas. This years' event was hosted by Texas Parks and Wildlife Department, National Parks Service and the Texas Land Trust Council. A total of 176 attendees were made up of representatives from 24 land trusts, numerous state agencies, federal agencies, city and county agencies, as well as river authorities. Participants included appraisers, range managers, attorneys, landowners, realtors, and corporate representatives. Several new organizations were at the conference this year including the National Wild Turkey Federation. While Texans made up the majority of the crowd; TLTC was pleased to welcome folks from Washington D.C., South Carolina, Colorado, Oklahoma, and Massachusetts. Saturday's morning plenary session sparked lots of interest. The panel of speakers discussed Ethics & Integrity in Land Conservation. Read the text of the speech from Ann Hamilton of the Houston Endowment from the Statewide Land Trust Conference. Event sponsors included Baker-Botts L.L.P., Locke Liddell & Sapp L.L.P. , Natural Texas, Guadalupe-Blanco River Trust, Lower Colorado River Authority, Texas Department of Agriculture, Jim Jeffries MAI, Magnolia Charitable Trust, Shield-Ayres Foundation, Jacob and Terese Hershey Foundation, C.F. Zavala Group and Integra Realty Resources. Contact Us | Help | Accessibility | Media | Site Policies | Complaints | Intranet | State of Texas | TRAILS Search | TexasOnline | Compact with Texans Texas Parks and Wildlife Department , 4200 Smith School Road, Austin, TX 78744 Toll Free: (800) 792-1112, Austin: (512) 389-4800 Content of this site © Texas Parks and Wildlife Department unless otherwise noted. Last modified: July 29, 2005, 4:38 pm
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Home Equity and Line of Credit- home-equity.Interest.com. Compare current home equity interest rates for home loans Compare Equity Rates | Equity Trends | Loan Calculators Begin by selecting your state and type of program. Select a State Alaska Alabama Arkansas Arizona California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Mexico New Jersey New York North Carolina North Dakota Oklahoma Ohio Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Select Loan Type Home Equity Loan Home Equity Line of Credit Improving Your Financial Literacy Source: Bank News - Dec 29, 03:08 AM As part of a nationwide survey of more than 1,300 homeowners conducted in August and released recently by Wells Fargo, respondents were questioned about their financial behaviors and attitudes regarding interest-only loans, the housing market and retirement planning.The WeUs Fargo second Annual Survey of American Homeowners found that of the 8 percent of homeowners with interest-only real estate- secured accounts, a 73-percent majority pay both the principal and interest at least some of the time. Read More... New-Home Sales Took Tumble in November Source: The Atlanta Journal and Constitution - Dec 27, 02:13 PM Dec. 24--Sales of new houses took an unexpected dive in November, falling to the slowest pace in a year and adding to evidence that the six-year real estate boom is ending. Home sales were down 11.3 percent from October, median and average prices were not much changed from a year ago, and the pool of unsold homes continued to swell, reaching a record 512,000. Read More... Warning on Interest-Only Mortgages Source: Buffalo News - Dec 23, 07:32 AM The Federal Reserve and other bank regulators said interest-only and other nontraditional mortgages pose a threat to the financial system and urged the nation's banks to tighten lending standards.Lenders are also letting home buyers fund down-payments with home-equity loans in what the industry dubs "piggyback" financing. Read More... Reverse Mortgage Could Help Senior's Finances Source: Cincinnati Post - Dec 21, 05:11 AM If anything defies the adage "if it sounds too good to be true, it probably is," something called a reverse mortgage might be it -- especially for older homeowners who find themselves struggling financially while sitting on a big pile of home equity.If you own your home and are at least 62, a reverse mortgage might allow you to get your hands on that equity and continue to live in the home with no requirement to repay the loan as long as you stay there. Read More... How to Be an Armchair Economist Source: The Seattle Times - Dec 20, 02:01 PM Dec. 20--The housing market is likely to cool, but not collapse. And though continued high energy prices may depress consumer spending, sustained business investment should counterbalance that. Read More... Options on Taxes Invest in Income Source: Augusta Chronicle, The - Dec 20, 01:38 AM WASHINGTON - In presenting President Bush with two options to streamline the tax code, his handpicked advisory panel promises that most taxpayers can expect to pay Uncle Sam about what they pay today. Even though Mr. Bush and Congress will change the panel's plans, it's worth looking at the winners and losers the two options would create. Read More... 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Colorado Association of Real Estate Investors Home Page Membership Benefits Upcoming M eetings & Events Promote Your Business Hot R eal Estate Topics! Recommended Vendors Real Estate Classifieds Member Area & Discussion Group FREE NEWSLETTER Email: We value your privacy and do not give out your information Read About CAREI in Investors Business Daily! The Truth About Financial Freedom Financial Freedom . You see those words everywhere. They are used to promote every investment imaginable. But can you trust the source of the information? The reason the Colorado Association of Real Estate Investors has become so successful is because our members - people just like you - have become tremendously successful. That is why we are known as the trusted source for investment knowledge on Colorado real estate. If a close friend of yours or a wealthy person referred you to our site, you probably already know this fact: real estate has created more millionaires and multi-millionaires than all other investments combined. We are not here to sell you on real estate; there are many other sites which do that. We assume you already know that real estate is the ultimate investment . What we do on this site and when our Members meet is show you how to invest in real estate intelligently and show you how to outperform the vast majority of all other investors. Investors say that what makes the Colorado Association of Real Estate Investors so unique is that we show our Members how to make money in changing markets. Whether real estate goes up, goes down or even if it stays flat, our Members learn how to make massive profits. Save your time and energy--don’t reinvent the wheel. Many small real estate investors go through the school of hard knocks. Why bother? If you want to be successful at something, find out what other successful people do, emulate their strategies, and you will have similar results. I've made tens of thousands of dollars from the contacts I've made through the Colorado Association of Real Estate Investors. I can't think of any better resource for finding deals, partners, money or referrals." - Bruce Kapp, Investor, Denver, CO The Colorado Assocation of Real Estate Investors was formed in 1994 as a networking and educational group for people interested in using real estate as a vehicle for creating short or long-term wealth. We currently have more than 800 members from all over Colorado. We welcome people from all professions and occupations, full-time or part-time, beginner or experienced. Our focus is on how to acquire residential real estate at a substantial discount or using creative, "nothing-down" techniques. Meetings & Events We have two to three meetings each month to help support your investing success. We generally meet the fourth Wednesday of each month at the Radisson Hotel Denver Southeast near I-225/Parker Rd in South Aurora. Attendance at our generally meetings is about 300 to 400 people. For detailed information about our various monthly meetings, view our the "Meetings & Events" calendar above. "I just wanted to say how much excellent information I received at the last CAREI meeting" - Elizabeth Blackwood, Colorado Springs We feature both local and nationally recognized experts on a variety of topics, such as... Getting Started as an investor Foreclosures "Nothing Down" Purchases "Flipping" Properties Refurbishing & Rehabbing Lease/Options & Lease/Purchase Finding Bargain Properties Writing Contract Offers Creative Financing Techniques Marketing to Find Motivated Sellers Buying Discounted Notes & Mortgages Mobile Homes & Mobile Home Parks 1031 Exchanges & Other Tax Issues Landlording & Property Management Using Self-Directed IRAs to Buy Real Estate Lawsuit Protection & Other Legal Issues How to find money for deals Listen to sample audio from a recent meeting... Guests are welcome to attend our meeting at a charge of $20.00, which can be applied toward membership when you apply the evening of the meeting. No advance registration is required. Meetings start at 7:00 PM and usually last about 2 hours. We also feature members-only meetings on various Saturdays from 9:00 am to 12:00 PM. This meeting is generally held at the Radisson Hotel Denver Southeast (I-225 & Parker). We are also sponsoring a Tuesday evening meeting in Colorado Springs at the Academy Hotel off I-25 & Academy Blvd. Read our events calendar to find out more information on members' meetings. FREE AUDIO CD! Starting in Real Estate Seminar Upcoming Meetings Colorado Association of Real Estate Investors | 300 S. Jackson Street | Suite 100 | Denver, CO 80209 Tel (303) 398-7035 | Fax (303) 671-0516 | e-mail info@carei.com